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How is ASIC Mining Profitability Now? Jan 2024Crypto mining rigs come in various forms (including CPU, GPU, ASIC, FPGA, and cloud mining) that deliver differing degrees of hashing power and mining. An application-specific integrated circuit (ASIC) miner is a computerized device designed for the sole purpose of mining a cryptocurrency. Best Bitcoin ASIC Miners: Bitcoin ASIC miners have evolved rapidly, with newer models offering higher hashrates and better energy efficiency.