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Frequently Asked Questions

What are application specific integrated circuits used for?

ASIC stands for application-specific integrated circuit. ASICs are silicon chips designed for a very specific purpose, created to perform a repeated function very effectively – as opposed to general-purpose chips which can perform an endless variety of functions, but less efficiently (such as GPUs or CPUs).

Which is correct application specific integrated circuits?

Application specific integrated circuits are highly specialized devices. ... Some examples of ASIC chip include chips for satellites, chips designed to run a cell phone, Bitcoin Miner, chip used in a voice recorder etc. Some ICs that are not ASICs include memory chips like ROM, DRAM; ICs at LSI, SSI and MSI levels etc.

What is better ASIC or GPU?

In short: ASICs are best for mining Bitcoin, Litecoin, Dash, and coins that are based off these algorithms. GPUs are best for mining Ethereum, Monero, Ravencoin, and coins based off those algorithms. Note: Over time all of these coins will produce less thanks to halvings which cut the reward for mining blocks in half.

Is an ASIC a processor?

(Application Specific Integrated Circuit) Pronounced "A sik," an ASIC is a chip that is custom designed for a specific purpose. Although CPUs and microcontrollers (MCUs) are also custom designed, they fall under the "general purpose" processor category.

What does ASIC do in accounting?

The Australian Securities and Investments Commission (ASIC) regulates registered companies, financial markets, and providers of financial services and credit services.

What types of complaints does ASIC deal with?

ASIC is interested in scams involving a financial product, such as: financial products and services promising returns that are too good to be true. phone investment scams. pyramid marketing schemes involving a financial product.

How can ASIC help me?

Other ways we may be able to help you For information about how to report misconduct, see Report misconduct to ASIC. Our consumer and investor website Moneysmart offers up-to-date financial tips and safety checks on: scams and swindlers. shares, managed investments, superannuation, insurance and deposits.

What is ASIC in Cryptocurrency?

An application-specific integrated circuit (ASIC) miners are electronic circuits designed for the sole purpose of mining bitcoins or other cryptocurrencies. ... Bitcoin miners review and verify previous bitcoin transactions and create new blocks so that the data can be added to the blockchain.

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