Mining

29/05/19 04:06 UTC-4

Litecoin cryptocurrency halving: 70 days left

Litecoin. 70 days left to halving
Litecoin. 70 days left to halving

Starting today, on May 29th, the countdown begins until the reduction of the remuneration to the miners of the sixth cryptocurrency in terms of capitalization, Litecoin. It is expected that in early August, the remuneration for the Litecoin block will be halved.

 

Litecoin Halving

The popular Huobi Global cryptocurrency exchange today began the countdown to the moment of the Litecoin Halving. Representatives of the exchanger reported on Twitter.

As you know, now, the amount of remuneration for each mined block in the Litecoin network is 25 LTC. It is assumed that in the morning of August 6, the amount of remuneration will be halved to 12.5 LTC. Recall that now the generation time of each next LTC unit is about 2.5-3 minutes, which is 4 times faster than Bitcoin.

Interesting in the section: Electrum Wallet: Bitcoin-Wallet description

In addition, now more than 84 million Litecoin has been extracted (this is three and a half times more than the first cryptocurrency, Bitcoin). It is important to know that halving in the Litecoin network occurs every 840,000 blocks. At the time of writing, the number of blocks in the Litecoin network is 1,640,305 units (10:24:33). At the same time, over the past 24 hours, 582 blocks were mined, with an average complexity of 12,539,144 and a size of 25.034 KBytes.

Available about the complicated: After 70 days, the Litecoin miners will receive two times less. It is assumed that the upcoming reduction in remuneration will positively affect the course of digital silver.

70 days left until the Litecoin Halving. Recall that in the first quarter of this year, the value of the asset has doubled.

Editor: Pereyidenko Ihor

See also: "Lukashenko intends to mine Bitcoin: President of Belarus told where to build a data center"

#Litecoin #halving #LTC #cryptocurrency #blockchain #mining

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