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"Application-Specific Integrated Circuit" - An integrated circuit (chip) specifically designed for one task only. Similar to FPGAs, ASICs may be the low-power-consumption future of Bitcoin mining. As with FPGAs they are very power efficient but carry a comparatively higher up-front cost.
5
votes
What is more effective than ASIC mining?
The first batch of ASICs will probably be based on "structured ASIC" technology, which is where wiring is laid on top of a pre-defined matrix of transistors. … My guess is that if Bitcoin continues to succeed for another year, one of the existing ASIC vendors will raise money ($5-10M) to design a standard cell ASIC. …
1
vote
When will FPGAs and ASICs 'replace' GPUs for mining?
But I know that several groups have invested heavily in up front purchases of ASIC miners, so the ramp ought to be steep. …