ASIC is short for Application-Specific Integrated Circuit, and what that translates to is a dedicated machine for computing specific tasks very efficiently and effectively. ASICs have naturally been put to use in Cryptocurrency mining, so it was only a matter of time before an ASIC Litecoin Miner became available.
ASIC Litecoin miners came about because conventional computers that relied on CPUs and GPUs began to lag behind in their ability to complete the complex task of solving hashing algorithms. To begin with, they were all able to cope because the mining of Litecoin was much easier. Fewer people were involved in mining and the system recognized this. But when more people became involved mining became harder and so they looked for more powerful systems to power through the algorithms.
Before ASIC Litecoin miners the need for more hashing power drew them to GPUs or graphical processing units which are the tool of choice for running video games. But as time wore on the ‘arms race’ of crypto mining intensified and the GPU was no longer powerful enough to cope anymore.
Enter the Application Specific Integrated Circuits systems, which revolutionize the field of cryptocurrency mining. Litecoin ASIC miners have plenty of hashing power and they are much more durable and energy-efficient than typical off-the-shelf CPU and GPU setups. Of course, no one truly gains though because suddenly the playing field is leveled again and even those who have invested in Litecoin ASIC miners are competing against others with exactly the same level of hashing power. The quest for more power never ends!
