The IT Law Wiki

Definition[]

Blockchain technology[]

An ASIC miner is

[a] piece of equipment containing an ASIC chip, configured to mine for bitcoins. They can come in the form of boards that plug into a backplane, devices with a USB connector, or standalone devices including all of the necessary software, that connect to a network via a wireless link or ethernet cable.[1]

References[]

  1. CoinDesk, “Bitcoin Glossary” (full-text).