On Monday, August 5th, 2019 is not found in the litecoin block halving took place. This means that the reward for the miners in the litecoin per transactieblok halved. A lot of cryptoliefhebbers watched it there, very much looking forward to: we’re going to be in a less fast-paced litecoin is on the market and the same demand, the price will rise.
However, there is also a down side. Litecoin miners are receiving less in litecoin by transactieblok, and received less, or no, return for more. Some of the miners have, therefore, stopped by mine, or have made the switch to mining any other cryptocurrency. The total computational power in the litecoin network has been reduced from 523 terahashes per second to a mere 295 terahashes per second. In August, the network has had more than thirty percent of computing power delivered.
Using hashes per second, that is, the number of calculations per second a computer or a processor is provided. The higher the number, the more secure will be the network of litecoin. The more hashes per second, it means that it is more difficult for the litecoin blockchain to hack it.
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The peak for the block halving
Interestingly, the surge in computational power has already been achieved before the litecoin block halving was a fact. On Sunday, the 14th of July, the peak of 523 terahashes per second. On August 5, took to the litecoin block halving, when did litecoin 458 terahashes per second. However, after the block halving, stopped miners are flocking in with mine.
It’s an assumption, but it is also possible that the miners are even litecoin wanted to be mine, before the reward was halved. Now that you have less to pay, and the hype of halving the way it is, it is the mining of litecoin is suddenly more interesting now.
However, everything must be in perspective to be considered. The number of miners, it is now slightly lower than in may of this year. And, on an annual basis, it is litecoin will come when you will look at the growth of the computing power.
How did the litecoin block halving the price?
The hype surrounding the litecoin block halving in the first six months of this year are huge, litecoin was made to be one of the best cryptomunten. Of the land in december 2018 up to and including the peak on the 22nd of June, the share price by more than 560 percent! An increase of 19,66 € 128,52 eur at the peak.
But that didn’t last long. Already on the 23rd of June, with the rate dropping. On the 29th of August, with 56,30 euros, its lowest value since the peak is passed. That’s a decline of more than 56 percent of the time. Well, it might go fast, we’ll just have to say something about it. But here, too, it may be said, in comparison with that by the end of 2018 is litecoin still on the rise.