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Altcoin News
litecoin min
Altcoin News

Litecoin Hashrate Drops to 40%, Is the Recent Reward Halving Responsible?

Litecoin hashrate has dropped to 40%, implying miners are leaving the network. The reason for the same is likely to be the halving of the block reward on the 5th of August.  LTC Lost 30% of its Mining Power in August The month of August saw hashrate on the network dropping from 523 TH/s to

Litecoin hashrate has dropped to 40%, implying miners are leaving the network. The reason for the same is likely to be the halving of the block reward on the 5th of August.  LTC Lost 30% of its Mining Power in August The month of August saw hashrate on the network dropping from 523 TH/s to

litecoin mining
Altcoin News
litecoin mining
Altcoin News

Is Litecoin Mining Profitable for an ‘Average Miner’?

The discussion on Litecoin [LTC] mining power has been of paramount importance because of the reduction of rewards to the miners. Litecoin [LTC] halving occurred on 5th August 2019. Around two weeks after the halving the mining power has reduced by about 30%, increasing the block time for Litecoin. For a given network characteristic (‘difficulty’

The discussion on Litecoin [LTC] mining power has been of paramount importance because of the reduction of rewards to the miners. Litecoin [LTC] halving occurred on 5th August 2019. Around two weeks after the halving the mining power has reduced by about 30%, increasing the block time for Litecoin. For a given network characteristic (‘difficulty’