Litecoin Reaches a Milestone - 1TH/s

Litecoin Reaches a Milestone - 1TH/s

According to the Liteshack, the Litecoin network hash rate reached 1TH/s, the equivalent of 1PH/s in Bitcoin (on GPUs), which was a milestone heralded as the arrival of Bitcoin. This comes on the heels of the merge mining of Dogecoin and Litecoin. In an effort to survive, Dogecoin has switched to an auxiliary proof-of-work. The merger alone signals a positive attitude towards the future of Litecoin, and this new milestone is icing on the cake. CNN. A Milestone. Almost exactly a year ago today, September 15, 2013, the Bitcoin network reached 1 PH/s which was marked as a historical....


Related News

Exclusive Interview with Andrew Vegetabile: Litecoin Update

While the price and attention has subsided substantially, Litecoin has gone through a lot of the changes over the last couple of months. I’m here today with Andrew Vegetabile from the Litecoin Association to talk about things that have been happening in Litecoin in the past few months. Since our talk in Februaryregarding LTCGear, how has Litecoin changed? There have been a number of activities and events that has happened since February between major events with Litecoin itself as well as Litecoin Association news and some other miscellaneous things. As I write this, the Litecoin network....

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.....

Mining Roundup: Litecoin's Milestone, Lab Rat's Lawsuit and BitFury's Board Boost

Does the drop in the price of bitcoin have you down? Don't worry - if the continued rise in the bitcoin difficulty is any indication, the network isn't going anywhere anytime soon. This week's Mining Roundup spans from a key moment in litecoin's mining history to growth for BitFury's leadership and advisorial teams. We also shine the spotlight on a discussion that many miners are thinking about these days: what does this latest price drop mean for bitcoin's future? Litecoin breaches 1 terahash in mining power. On 15th September, litecoin - the oldest of the scrypt family of alternative....

Litecoin Spikes to $200 Million Market Capitalization in Five Hours

At 17:00 GMT on 7th November, alt-currency litecoin reached its first $100m market cap milestone with approximately 23m litecoins in circulation, trading at a high of $4.40. On 18th November at 17:45 GMT, litecoin crossed the $10 mark after spiking over 100% in approximately five hours bringing the litecoin market cap to well over $200m. At the time of writing the price of a single litecoin has retreated to approximately $5.60. Back in March and April this year, litecoin caught the market's attention when it spiked approximately 10,000% in a few weeks. The rise, which happened during the....

ProShares Bitcoin ETF Reaches Milestone AUM, Breathes Life Into CME

Data shows the ProShares Bitcoin ETF has reached a milestone number of assets under management (AUM), and has breathed fresh life into CME in the process. ProShares Bitcoin ETF AUM Sets New All-Time High Of 26.7k BTC As per the latest weekly report from Arcane Research, the ProShares BITO ETF has set a new all-time […]