Litecoins Hashrate reaches all -time high, difficulties follow - old coins
Litecoins Hashrate reaches all -time high, difficulties follow - old coins
The computing power of the Litecoin blockchain network reached an all-time high (ATH) on Wednesday, January 25, 2023, at a block height of 2,411.048 and reached 798.43 TeraHash per second (Th/S). In addition, Litecoin's level of difficulty also reached an all -time high this week and reached 23,505,031 the following day.
Litecoin's computing power increases by 38 %
in 30 daysA considerable amount of hashates was dedicated to Litecoin ( ltc ) network in the last 30 days, as the computing power of the blockchain of 576 Terahash per second (TH/S) on December 28, 2022 by 38 % to which All-time high of 798 Th/S recorded on January 25, 2023. The Hashrate of Litecoin on January 28, 2023 at around 691 Th/S, which is 20 % higher than the hashrate of the last month. The price of litecoin has also increased higher ltc The value of has been 34 % in the last 30 days.
The all-time high-halge rate of 798 terahashs per second (Th/s) is about 202 Th/s from a single petahash per second (ph/s), which corresponds to 0.798 pH/s. VIABTC is the best litecoin mining pool with 192 Th/s , or 27 % of the entire Litecoin-Hashrates. F2Pool (121 Th/S), Antpool (104 Th/S), Litecoincoinpool.org (77 Th/S) or Binance (69 Th/S) follow on the crypto mining pool VIABTC. All five Litecoin mining pools also take part in the Merge mining of Dogecoin (Doge) through a process called auxiliary proof-of-work (auxpow).
litecoin will be the first of a few proof-of-work (pow) cryptocurrencies Halves his mining reward because his network protocols like Bitcoin Cash precedes ( bch ), Bitcoinsv ( bsv ) and bitcoin ( Bitcoin ). The ltc It is expected that the network from 12.5 reduces ltc to 25.06 ltc around or around August 3, 2023. Litecoin's difficulty rose to 23.50 million on January 26 and has been 3.28 % higher in the past three days. As with Bitcoin, Litecoin is adjusted every 2,016 blocks, but ltc blocks are used with a rate of about 2.5 minutes per block discovered.
This means that the difficulty adjustment of Litecoin is reoriented every three days to keep the block time on a constant rate. Last month the difficulty has increased by 14.80 % and 32.41 % in the last 90 days. ltc has lost a lot of its market dominance since his beginnings, as was once second largest cryptocurrency after market capitalization at the end of January 2014. By the next year, around the same time, it was put down to the depressed third largest cryptocurrency after market capitalization. In the following years ltc has gradually fallen back to the current 17th place.
Interested in ltc has also fallen since 2013, as Data from Google Trends (GT) indicates that the search term "Litecoin" of 1-100 achieved a score of 6 in 2013. In December 2017 the term reached the highest score of 100, but today the score is 3 half of what it was in 2013. GT data further shows that the search term "Litecoin" had an upswing at the end of 2020 and recorded a much larger increase in the course of 2021. The greatest interest in Litecoin comes from Nigeria, the Netherlands, the Czech Republic, the United States and Slovenia.
What do you think the future does for the Litecoin network if it approaches its next halving of the mining reward in August 2023? Share your thoughts and predictions in the comments below.
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