Halving and its effect on litecoin

Mining
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Since the blockchain’s third halving, Litecoin’s hashrate has remained stable. Rather, if the past weeks are to be considered, the sector was showing consistent growth. At press time, Litecoin’s hashrate was 772.99 TH/s.

Additionally, as hashrate increased, mining difficulty also went up, even touching an ATH on 5 August 2023. These metrics clearly reflect the growing popularity of Litecoin mining.

It was interesting to note that a possible reason behind this surge could be Dogecoin.
High hashrate might be the result of Dogecoin being merged-mined with Litecoin.

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While Litecoin is still harder to attack than Ethereum Classic, there’s more money on the line, making it a bigger target. It has a current market cap of $3.8 billion. I think this will not effect on Litecoin blockchain security now.

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The Litecoin mining business is competitive, and it will depend on how you can mine them. In general, the amount of time it takes to mine 1 Litecoin depends on how powerful your mining setup is, the block’s difficulty (which increases with time), and the block rewards.

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