ASIC stands for “Application Specific Integrated Circuit”. In general, ASIC-miners are designed specifically for mining cryptocurrencies. Asics are developed for mining one or more coins (cryptocurrencies), only for one algorithm. For example, asics on the algorithm SHA-256 mining Bitcoin (BTC).
How fast is the payback on an asic?
On average, at a price of 1kW 2grn asic miner antminer S19j pro 122th pays for itself from 9 to 15 months. It is important to realize that there are several factors that affect the payback:
a) the cost of the asic b) the price of cryptocurrency that he mines c) the cost of electricity. Depending on all these factors, the figures may be different.
Which Asic miners are the most popular and reliable?
The most popular and reliable global manufacturers of asic miners are: Bitmain , MicroBT, Innosilicom, Canaan.