Business Terms and Jargon Explained

What is ASIC

Asic is an “Application Specific Integrated Circuit”. This is a chip that is designed to do only a specific job. The programming and software is already on the chip. Asic miners are devices that are used solely to solve and mine bitcoin or other altcoin blocks.

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A.K.A Pari passu Possession
Spoilage Close company Compounded Settlement
Trademark Principal Place of Business Year end dividend
Sale and Leaseback Act of God Charging Order
Competitor Preference Shares Balance of trade (BOT)
Goodwill Big Hitter 51% attack
Exceptions Occurrences Idem Residual Input Tax
Time Sheet DNS Creative Commons
Coin of the realm MasterCard Kina
Company Tax Return Tainted acquittal Import VAT
Quasi-judicial functions Grey market Real Wage Flexibility
Yen CPEI Crypto-jacking
Tax rebate UK Business Registration Lord Chancellor

Term created / updated 2014-01-27 20:49:58

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