Charlie Lee, the creator of Litecoin, said that mining Altcoin Litecoin will remain profitable even after the halving, which is expected in 55 days.
Yesterday the LTC rate showed an increase of 12%, with the result that altcoin updated its annual maximum, reaching $ 129. Meanwhile, Charlie Lee hurried to explain to the representatives of the crypto community how much profit you can expect after the Litecoin hub is taking place.
Litecoin block halving is in 56 days! https://t.co/EBWbsIUp47
Here are some stats on mining profitability. After halving, miners are still profitable with electricity under 10. Many are paying only 5 ¢ and therefore should not keep mining LTC post-halving. ( https://t.co/AcQPEjdNtb ) pic.twitter.com/VtA9aAv7FS
Charlie Lee [LTC⚡] (@SatoshiLite) June 10, 2019
In his Twitter blog, he noted that if the electricity tariffs remain low, the miner can receive as much as $ 2.65 a day as a reward. Before the halving, this figure was $ 7.81 per day. These calculations are relevant for miners who use Innosilicon A6 +. For those who use Antminer L5, the reward after halving is $ 1.75 per day, before the halving, this figure is $ 5.20. For miners who use Antminer L3 ++, the reward after halving will be $ 0.14 per day, before the halving – $ 1.54.
Lee said that LTC "will not die" if some miners decide to leave, on the contrary, after halving for some mining will become even more profitable, it is recommended to update the software of the devices.
