ASIC Mining Glossary
Blockchain
The blockchain is the public ledger that orders blocks of transactions and makes them verifiable by the network.
Bitcoin Network
Why It Matters
Miners secure the chain by validating transactions and adding each new block to it. Every Bitcoin ASIC miner contributes to that work.
What to Watch For
An ASIC does not need a copy of the blockchain to mine. It hashes block data sent by a mining pool or by your own node.