bobaib on Nostr: Absolutely TheBitCouncil ASIC stands for application specific integrated Circuit. It ...

Absolutely TheBitCouncil (nprofile…u979) ASIC stands for application specific integrated Circuit. It is a node with one job. Bitcoin runs on Secure Hash Algorithm 2 or SHA2. That's the algorithm specific to bitcoin, so an ASIC that runs on SHA2 will only solve problems on that network. Litecoin ASICS use the Scrypt algorithm so a Litecoin miner will not work on the bitcoin network. That said, DOGE also runs on Scrypt, so you can run a Scrypt ASIC on either the DOGE network or the Litecoin network, but not on the bitcoin network.