Is a cryptocurrency ASIC-resistant?

When a cryptocurrency is ASIC-resistant, its protocol and mining algorithm are designed to be far less susceptible to ASIC mining. This isn't to say that these cryptos are impossible to mine with ASICs. Rather, it's just much harder and often a waste of time and money.

What is ASIC in crypto?

ASIC, an acronym for Application-Specific Integrated Circuit, is a circuit created for one specific purpose. In crypto, the purpose is typically to mine cryptocurrency. It is the opposite of general-purpose integrated circuits that have many applications. Among the popular known GPICs include the normal computer RAMs and other microprocessors.

What is cryptocurrency mining & how does it work?

Cryptocurrency mining is required by a proof of work (PoW) blockchain like Bitcoin to carry out its operations. The mining process involves solving a block's hash by randomly generating numbers until reaching a number below the target difficulty number. The first miner to find the solution to the puzzle closes the block.

Are ASIC chips good for cryptocurrency mining?

However, because ASICs are built especially for mining cryptocurrency, they do the job faster than less powerful computers. As a result, ASIC chips for cryptocurrency mining have become increasingly efficient, with the latest generation hashing at 158 terahashes per second but only using 34.5 joules per terahash.