Bitcoin & Mining

Application-Specific Integrated Circuit (ASIC)

Also: ASIC

A chip built to do one job, such as Bitcoin's SHA-256 hashing, far more efficiently than a general-purpose computer. ASICs made home CPU mining of Bitcoin obsolete.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.