Crypto News

Hasrat litecoin for three months fell by 60%

The activity of miners in the litecoin network falls on the last three months. The amount of computing power used in mining LTC during that period fell by about 60%.

A landmark event in the history Aldona was the so-called August halving when the reward miners halved. The activity of mining pools has been steadily weakening since the summer of 2019, as evidenced by the data service Bitinfocharts.

In mid-September, Hasrat LTC was about 295 teraherz per second (TH/s), and at the end of October this figure fell to 212,6 TH/s.

Observers point out that the smaller Hasrat network, the worse its safety. The reduction in computing power is signaled not only about the withdrawal of miners from mining cryptocurrency, but also the emergence of threats to holders of a digital asset.

In cryptosphere before alvingham popular view is that the reduction in rewards miners activates buyers of litecoin, as the market there is a deficit because of lower supplies.

However, having provoked the opposite trend, and the coin began to fall, which has forced the miners to leave mining.

But if we analyze dynamics of the network of litecoin over the past three years, we can see that Hasrat LTC in 2016 has grown by 10 000% with 2.1 TH/s to 218 TH/s as of 24 Oct. This drew the attention of the service CoinWarz.


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