Litecoin Outshines Top-10 Cryptos Ahead of August Reward Halving

Jul 05,2019 at 07:00 am



In less than five weeks, litecoin will introduce new coins to be halved, leading to an outstanding performance as it outpaced its peers.


The fourth-largest cryptocurrency by market capitalization is currently trading at $123, representing 5 percent gains on a seven-day basis, according to data source CoinMarketCap.


Meanwhile, the top cryptocurrency by market value Bitcoin, reported a meager 1 percent gain. Other top-10 cryptocurrencies are trading mixed as seen in the table below.


Litecoin’s recent relatively shining performance could be associated with the mining reward halving due on Aug. 6 this year.


The process is aimed at curbing inflation by reducing the coins paid out for mining on litecoin’s blockchain by half. So, after Aug. 6, miners will get 12.5 coins for every block mined – down 50 percent from the current reward of 25 coins.


Essentially, miners will be adding fewer coins to the ecosystem, likely leading to less in circulation. The impending supply cut might have helped LTC outperform its peers in the last seven days.


Meanwhile, litecoin’s hash rate, or computing power dedicated to mining, rose to a record high of 468.1019 TH/s this week. Notably, the metric is currently up 220 percent from the low of 146.2118 TH/s seen in December.

BCH $500/one time

Earn an average $137.19/month

  • Hashpower 18 TH/S
  • Mining days: 730
  • Alghoritm: SHA-256
  • Daily Fees: $2.79

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How much can you earn with
?

  • BCH $500 18 TH/S
  • BCH $250 9 TH/S
  • BCH $1000 36 TH/S
  • BCH $5000 180 TH/s
You can earn an average of $137.19/month
Maximum earning for this package $ 150.909 per month Actual earning for this package $ 130.3305 per month Algorithm SHA-256 Daily Fees $ 2.79
You can earn an average of $68.58/month
Maximum earning for this package $ 75.438 per month Actual earning for this package $ 65.151 per month Algorithm SHA-256 Daily Fees $ 1.39
You can earn an average of $274.35/month
Maximum earning for this package $ 301.785 per month Actual earning for this package $ 260.6325 per month Algorithm SHA-256 Daily Fees $ 5.58
You can earn an average of $1375.74/month
Maximum earning for this package $ 1513.314 per month Actual earning for this package $ 1306.953 per month Algorithm SHA-256 Daily Fees $ 27.5