Litecoin difficulty and hash rates drop by almost a third

Soon after Litecoin halving, the hash rate and the difficulty of mining “digital silver” fell by almost a third.

According to BTC.com , network complexity has decreased by 28% since halving.

This situation may be related to the cessation of the operation of part of the mining equipment, which became unprofitable after halving the award.

Over the same period, the LTC hashrate fell to May marks:

As well as complexity, the hash rate fell by 28%. Bitinfocharts data

According to F2pool , it is currently most efficient to mine Litecoin on devices from InnoSilicon and FusionSilicon:

With an electricity price of $ 0.04 per kWh, miners from these firms will bring in from $ 0.23 to $ 0.50 per day. In this case, the once popular Antminer L3 + will work approximately "to zero".

Recall that the second Litecoin halving took place on August 5 , changing the block reward from 25 LTC to 12.5 LTC.

Subscribe to the BlockchainJournal YouTube Channel!