Litecoin Halving: Impact on Exchange Rate, Mining Profitability
Just as Bitcoin’s block reward halved in the past, Litecoin will undergo the same same process on Tuesday, August 25th. In anticipation of the halving, the Litecoin Association says that it is a milestone in the cryptocurrency’s 4-year history. The association also released a video that elaborates the entire process of Litecoin’s halving, informing that after the halving, Litecoin will reward miners with 25 coins rather than 50 coins per block. The video also explains that the halving process happens every four years for both Litecoin and Bitcoin, as dictated by their respective protocols.....
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The Bitcoin network has been running for a few years now, with roughly over 14 million units injected into circulation by miners. In 2016, the community surrounding the currency has a major event taking place, in which miners will receive half the reward for mining Bitcoin after July 27, 2016 at 12:30:03 UTC. If calculations are exceeded by computational....
F2Pool, the same mining pool which generated the largest bitcoin transaction ever recorded on July 11, mined the Litecoin network's block 840,000, with a declined mining reward from 50 LTC per block to 25 per block for the first time since its launch in 2011. The Litecoin network, similar to the Bitcoin network systemized to halve its block reward every 840,000. To celebrate its technological "milestone," the Litecoin association published a video explicating the process of the decline in mining reward. Currently, the halving of the mining reward has not affected the network significantly.....
Bitcoin mining profitability is up 275% since before the May 2020 halving. Bitcoin mining operations are on the path to full recovery following the most dramatic short-term disruption in network history earlier this year, and miners are reaping the rewards in revenues. In its Oct. 4 Week on Chain report, on-chain analytics provider Glassnode reports that Bitcoin hashrate has largely recovered despite 50% of the network’s hashing power going offline in May following China’s crackdown on the sector. Hash rate measures the total computational resources of a Proof-of-Work network.Glassnode....
Litecoin's block reward has halved. At block 840,000, the mining reward fell from 50 LTC per block to 25 per block, marking the first time the alternative cryptocurrency, launched in 2011, has seen such a reduction. The 840,000th block was mined by F2Pool, also known as Discus Fish. Litecoin supporters took to social media to celebrate the halving, and creator Charlie Lee thanked Chinese supporters in a YouTube message. For now, the network itself doesn't appear to have been significantly affected by the reward drop, though some have speculated that, long-term, the hashrate will fall as....
Bitcoin and Crypto Markets Continue Their Slide…But Why?!Litecoin is trading more than 40% lower than pre-halving local highs. But according to an ominous-sounding technical analysis signal, LTC could have a lot more decline ahead. Litecoin Triggers Death Cross After Halving Rally Failure This month, the Litecoin block reward halving came and went, leading to very […]