Application-Specific Integrated Circuit (ASIC)

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An application-specific integrated circuit (ASIC) is one of a class of microelectronic circuits or chips designed for a particular use,[1] such as running the hash algorithms used in bitcoin mining.[2] As implied by its name, an ASIC cannot perform any other function than the one for which it was designed. An ASIC cannot be programmed to follow alternate instructions.[3]

Bitcoin mining is largely performed in corporate-owned datacenters, using ASICs in the nodes that aggressively optimize energy efficiency to unprecedented levels.