Term of the Moment
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Definition: ASIC farm
A group of cryptocurrency mining machines. A single entity can deploy an ASIC farm comprising any number, even thousands, of mining machines to derive revenue for adding blocks of transactions to a blockchain such as Bitcoin. However, mining pools deploy ASIC farms, which enable anyone with only a modest investment to participate in the mining process (see pool mining). See miner hardware, crypto mining and GPU farm.
An ASIC Farm
CleanSpark is a renewable energy company that is one of the top U.S. miners with more than 30,000 mining rigs in Georgia and upstate New York. (Images courtesy of CleanSpark.)