Profitable mine Litecoin three months after halving?

After almost three months after halving Litecoin miners continue to leave the network of cryptocurrency. The profitability of mining coins because of depreciation is seriously subsided, however, Hasrat network decreased by approximately 60 percent since the cuts the rewards for the block in August this year. To havinga LTC Creator Charlie Lee has published a table with the projected profitability of mining Litecoin. Let’s see how far is his numbers from reality.

The profitability of Asimov for mining Litecoin

Today, LTC is trading at 58.64 USD. Since halving of the cryptocurrency fell by almost 43 percent. Recall that a cut of the reward for a block was considered to be one of the main triggers of potential growth in the price of LTC, because the reduced offer — so we have to increase demand. Unfortunately, the expectations of most investors in altain did not materialize.

The rate of Litecoin in the last day. Source: CoinMarketCap

Miners began to leave the cryptocurrency almost immediately after halving. Since the procedure Hasrat declined by almost 60 percent. This decline is affecting the security of the project, because now the cost of 51% attack on Litecoin is significantly decreased.

Hasrat network of Litecoin over the last year. Source: BitInfoCharts

We will remind, before alvingham Charlie Lee has published a table of the expected profitability of mining LTC on asimah Innosilicon A6+ and Antminer L5. The values below are calculated at the cost of electricity at 5 cents per kilowatt-hour. That is a little more than 3 rubles.

Source: Coingape

A month after halving we have already considered the profitability of mining Aldona. Then the situation was dire — the miners received 1.07 and 0.71 dollar with Innosilicon A6+ Antminer and L5, respectively. Calculate the profitability at the moment using the service WhatToMine.

First, the results for Innosilicon A6+. During the day, using the ASIC miner you can get 4.40 dollar revenue, the net profit will amount to 1.88 dollar. Profitability has grown significantly since the publication of the last article. The reason — falling of difficulty of mining due to the decline Hasrat.

Source: WhatToMine

Recall that the smaller miners in the cryptocurrency network, the easier it is to get the coin.

Now calculate the profitability for Antminer L5. In this case, we obtain a 1.23 dollar after deduction of expenditure for electricity.

Source: WhatToMine

The results of extraction in any case considerably lower than those predicted by the developer of the cryptocurrency. We will remind, according to the calculations Charlie Lee, Innosilicon A6+ and Antminer L5 after halving had to bring 2.65 and 1.75 dollar profit per day, respectively. Today, their results — 1.88 and 1.23 dollars. But if electricity costs more, the difference will be more significant.


Whether mine Litecoin? Now the situation is a little better than three months ago. Yes, the price Aldona serious decline, but thanks to the lowered difficulty remaining miners still make a profit mining LTC. However, the owners of Asimov there are plenty of other coins for a living, and while Litecoin is not among the most profitable of them.

While LTC is one of the few cryptocurrencies on the algorithm Scrypt with a decent volume and a good reputation. So to understand the desire of the miners to continue digging Litecoin can.

To determine the best coin for mining will help yield calculator 2CryptoCalcand get the violas recommend on mining-pool 2Miners.

If you have any difficulty, come to our cryptodata.

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