By Dmitriy Gurkovskiy, Chief Analyst at RoboForex
The Litecoin, presently being the fifth cryptocurrency in terms of market capitalization, has halved the payments to miners. Another halving has reduced the payment for a block from 25 LTC to 12.5 LTC; at the same time, the difficulty of mining has grown by 200% since the end of December 2018. What is more, this event may influence the general interest to mining the “digital silver”, because formerly popular gadgets will no more be able to generate enough digital assets to fully make for the expenses.
Presently, the time of production of blocks on the net is about a block every 2.5 minutes. Some 576 blocks are produced every 24 hours. At the same time, the market receives around 7,200 LTC, which is two times less than the previous daily level of 14,400 LTC. This makes the digital asset even rarer, which may have a positive effect on the price of the currency.
On the one hand, investors expected from halving an attempt of growth in the mid-term; however, instead of the…