Overview
A Bitcoin mining ASIC is a special computer chip built only to perform the calculations needed to mine Bitcoin, making it much faster and more efficient than regular computers or graphics cards. Because it’s designed for one task, it can’t be repurposed for other uses but dominates Bitcoin mining due to its speed and low energy use.
The Bitcoin mining ASIC market is currently worth around 8–11 billion USD and is growing steadily. Analysts expect it to more than double over the next decade, reaching tens of billions as Bitcoin adoption and mining demand increase.