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<span>A</span><strong>pplication-specific integrated circuit chips</strong>, known as ASIC, has taken over the mining market since. ASIC are chips that are designed with a singular purpose. For cryptocurrency mining, these chips are built into specifically designed motherboards and power supplies to efficiently <em>solve a specific algorithm</em>. Each cryptocurrency has its own cryptographic hash algorithm and ASIC hardware are designed to excel at calculating that algorithm, in the case of Bitcoin, ASIC hardware is designed to calculate the SHA-256 hash algorithm.