Litecoin (LTC) Hashrate Keeps Breaking Records; Becomes 3rd Most Expensive Network to Attack

Cryptovest

Published Apr 15, 2019 08:39AM ET

Updated Apr 15, 2019 09:42AM ET

Litecoin (LTC) Hashrate Keeps Breaking Records; Becomes 3rd Most Expensive Network to Attack

In another sign of confidence for mining is picking up ahead of the reward halving in August, as a way to scoop up as much LTC as possible. Till now, more than 75% of the entire supply of LTC has been mined, and after August, the block reward will fall to 12.5 coins.

Litecoin mining activity doubled in the past quarter, reaching above 347 TH/s on Monday, with a peak above 369 TH/s in the past few days.

Increase in mining act...