Litecoin’s Mining Power Has Fallen 28% Since Its Halving
Many litecoin (LTC) miners working to secure the blockchain and compete for block rewards have been unplugging their machinery following the cryptocurrency’s recent “halving” event, network data shows.
What is halving and how does it affect the bitcoin rate
Mining is not only the process of mining cryptocurrencies, but also a real factor affecting the price of a coin. There is a theory that after each reduction in pay-off for the “efforts” of Bitcoin miners, the rate of cryptocurrency increases. LetKnow.News decided to find out whether this is true.