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A To Z of Bitcoins: The Bitcoin Dictionary This is basically a chip that is specifically designed for the purpose of mining bitcoins and cannot be used to perform anything else. This is After a miner 'solves' or 'mines' a block, they are rewarded with Bitcoins as a reward for putting in their resources during the mining process.

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It is not like you can just point out your Bitcoin mining farm to mine Zcash, because ZEC uses new and different proof of work algorithm and you can only mine it with CPUs and GPUs. Renting all available hashrate from a service such as NiceHash will also not be enough for 51% and before trying to double spend coins