Miners' Interest in the Litecoin Network Continues to Decline
The hashrate of the Litecoin network (LTC) continues to fall. It is noteworthy that in August the amount of computing power used to mine coins fell by about 30%. The trend continues in September and according to Bitinfocharts, the hashrate of the network of this cryptocurrency decreased from 523 to 295 TH/s (by more than 43%). Recall that in early August a halving took place in the Litecon network (a reduction in the reward to miners for mining a block on the network). Rewarding miners was halved from 25 to 12.5 LTC. Before halving, the price of the asset grew, as many expected a shortage of coins due to a decrease in the profitability of their mining. https://twitter.com/oasace/status/1171753639481729026 However, after this event, the demand for digital silver began to fall, which, accordingly, led to a decrease in prices. At the time of writing, the price of LTC is $69.54, and the market capitalization of the asset is $4.397 billion.