Litecoin hashrate fell 28% after halving
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According to data mining pool BTC.com, from moment reducing the reward for closing new blocks of litecoin by 50%, the hash rate has decreased by almost a third. It weakens security cryptocurrencies and decentralization.
In addition to a 28% drop in hashing power from 456 TH / s to 320 TH / s, after halving and shutdown of some miners indicator the complexity has also changed. On the eve of the reduction on August 4, it was 15.93 million, and as of the 23rd, it reached the level of 11.4 million.
The decline in interest in mining litecoin led to a sharp drop in the profitability of mining. After reducing the block reward from LTC 25 to LTC 12.5, no only there was no comparable growth in the exchange rate, but on the contrary, in recent weeks it has decreased from $ 90 to $ 75 or 17% in relative terms. IN such mining conditions profitable just on new energy efficient ASICs.