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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.

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the SC Jalepeno model and I'd just like some additional info and background on the company and their products before shelling out $150-$300. And are there any comparable low-cost FPGA or ASIC USB devices with a decent Mh/s/$? …
asked Jun 24 '12 by dv90