Bitcoin miners are rewarded with a set amount of bitcoins, as well as a fee every time they successfully mine a block of transactions. In order to make sure that they are able to mine blocks consistently, miners need to have access to high-powered computers that can quickly solve complex mathematical problems.
These computers, known as “mining rigs,” are usually equipped with specialized chips known as “application-specific integrated circuits” (ASICs).
ASIC chips are designed specifically for mining Bitcoin, and are much more efficient than the regular computer chips found in most laptops and desktop computers. The downside is that ASIC chips are also very expensive, and can cost upwards of $1,000 each.
For this reason, many people choose to join “mining pools” in order to pool their resources and increase their chances of successfully mining a block.
There are a few different companies that manufacture ASIC chips for Bitcoin miners. The two most popular ones are BitFury and KnC Miner. BitFury is one of the largest producers of Bitcoin mining hardware and chips. The company is based in the Netherlands, and has been involved in Bitcoin since 2011.
KnC Miner is another popular manufacturer of ASIC chips. The company is based in Sweden, and was one of the first companies to produce ASIC chips for Bitcoin mining.