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ASIC (Application-Specific Integrated Circuit) is an integrated circuit customized for a particular use, rather than intended for general-purpose use. In Cryptocurrency mining hardware, ASICs were the next step of development after CPUs, GPUs and FPGAs. Capable of easily outperforming the aforementioned platforms for cryptocurrency mining in both speed and efficiency, all cryptocurrency mining hardware that is practical in use will make use of one or more cryptocurrency ASICs.