ASIC stands for application-specific integrated circuit, which is a gadget made specifically for mining cryptocurrency.
The majority of crypto mining was done on CPUs and GPUs in the early days – in fact, Bitcoin was built explicitly to be mined on traditional PCs.
However, by the mid-2010s, computational power limitations and the expenses associated with energy usage have made it difficult to undertake successful mining operations using ordinary devices.
The potential profitability of a certain ASIC is determined by a number of fundamental elements. They are as follows: