Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Tether-Backed Twenty One Capital Eyes Bitcoin Accumulation

    IREN Reaches 50 EH/s Milestone, Expands AI Infrastructure

    IREN Hits 50 EH/s Hashrate Milestone, Expands AI Infrastructure

    Corporate Treasuries Surpass ETFs in Bitcoin Accumulation

    UniCredit Sets to Offer BlackRock Bitcoin ETF Product

    DDC Enterprise Secures $528M for Bitcoin Strategy

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Kraken, Robinhood Support Paxos’ Global Dollar Launch in EU

    Global Dollar (USDG) Launches in Europe with Kraken, Robinhood

    Elon Musk and Trump Spur Dogecoin Rally with Tweet

    Dogecoin Surges Amid Elon Musk and Trump Interaction

    Circle Applies for National Digital Currency Bank Charter

    Circle Seeks National Trust Bank Charter for USDC

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Litecoin Hash Rate Has Plunged 60 Percent Since August Halving

Tony P. by Tony P.
October 27, 2019
in Altcoin News, Latest News, Litecoin
LTC hash rate

Litecoin (LTC) went through the halving process in August and three months down the line, Litecoin hash rate is on a downward trend, leading to all-time lows in mining profitability. This massive drop in mining activity heralds yet another downbeat report for the sixth-largest digital asset in terms of market size. Earlier in the year, reports emerged that developers showed a lack of interest in supporting its cryptocurrency code.

According to data from BitInfoCharts.com, Litecoin hash rate has dipped by over 60 percent since the August halving. These figures simply perpetuate a downward trend in mining activity that started back in the summer of 2019.

Litecoin hash rate decline

What Does This Mean?

The massive decline in the hash rate indicates a dwindling miner interest in Litecoin. The miners of the sixth-largest cryptocurrency by market capitalization are leaving the network in masses, leading to lower computing potential on the network.

Besides, the hash rate decline of huge proportions can pose a security risk to the network. If the situation persists, the reliability of the Proof-of-Work (PoW) functions on the blockchain are at risk. For Litecoin, the falling hash rate after halving is even more worrying, as the halving process should drive a scarcity that leads to higher values per unit.

Litecoin mining profitability

The halving process, according to analysts, should be a trigger for improving the market value of PoW crypto. Unfortunately, LTC miners are not fulfilling this goal, which means they might be focusing on other cryptocurrencies, that are more valuable. Litecoin mining profitability is currently at an all-time low, based on the data from BitInfoCharts.com.

A Familiar Tale for LTC?

Litecoin has been entangled in a series of issues and the dwindling hash rate is just a fraction of its share of challenges. Regardless of its notable achievements, such as the atomic swaps and the Litecoin Lightning Network, the overall appeal of the altcoin has not seen any major improvement.

Litecoin price decline

During the altseason in 2019, Litecoin was among the top ten altcoins, with its price surging to $140. However, the price has dropped significantly by about 60 percent. As of this writing, LTC is valued at $57.63 on CMC.

Featured Image: BTCNewz

Tags: Litecoin (LTC)LTC halvingLTC hash rateLTC news
Previous Post

Which Cryptocurrency Exchanges Have the Lowest Fees?

Next Post

DeFi Project Synthetix Raises $3.8 Million in New Funding

Tony P.

Tony P.

Related Posts

SEC Approves Grayscale Fund’s Conversion to Spot Crypto ETF

by Solomon M.
July 2, 2025

Grayscale secures SEC approval to transform its Digital Large Cap Fund into a spot crypto ETF, potentially boosting institutional interest.

SEC Approves Grayscale’s GDLC Spot Crypto ETF Conversion

by Solomon M.
July 2, 2025

SEC greenlights Grayscale's GDLC conversion to a spot crypto ETF, signaling a regulatory shift.

Connecticut Bans State Involvement in Cryptocurrency

by Solomon M.
July 1, 2025

Connecticut becomes first U.S. state to ban state crypto holdings and transactions.

Kraken, Robinhood Support Paxos’ Global Dollar Launch in EU

by Solomon M.
July 1, 2025

Paxos launches Global Dollar (USDG) in EU with Kraken, Robinhood support, expanding crypto access to 450 million consumers.

Global Dollar (USDG) Launches in Europe with Kraken, Robinhood

by Solomon M.
July 1, 2025

Global Dollar USDG stablecoin, backed by Kraken and Robinhood, launches in Europe, impacting 450 million consumers.

China to Discuss Tariffs with US at WTO

by Solomon M.
July 1, 2025

China is open to discussing tariffs and subsidies with the US at the WTO, signaling potential economic shifts.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.