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

In another sign of confidence for (LTC), its mining activity keeps increasing to record levels. Scrypt-based 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…

This article appeared first on Cryptovest

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