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Litecoin Block Reward Halving Countdown
23 Aug2015
There are just about two more days left before the first Litecoin (LTC) block reward halving occurs, this should happen sometime on Tuesday, August 25th. Litecoin’s block mining reward halves every 840000 blocks or roughly in 4 years, and we are going to see the first halving that will bring the coin reward down to 25 coins from the current reward of 50 coins. The total Litecoins mined when the first block reward halving occurs will be 42 million and for the next 4 years before the next halving occurs there will be 21 millions more LTC mined. The question how will the halving affect Litecoin (LTC) and especially the price of the alternative crypto currency is the one that miners are continuing to be asking as the day approaches. If you want to keep a track of when exactly the Litecoin block reward halving will occur, then you should know that there is a countdown on a dedicated website just for that available.
– To visit the dedicated Litecoin Block Reward Halving Countdown website…
- Publihsed in: Crypto Coins
- Related tags: block reward halving, Liecoin, Litecoin block reward halving, Litecoin halving, Litecoin halving countdown, LTC, LTC block reward halving, LTC fork, LTC halving, LTC halving countdown
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1 Response to Litecoin Block Reward Halving Countdown
bathr
August 23rd, 2015 at 20:58
The only reason the price might change short term is psychological. The daily volume of the coin is currently over 10.000 BTC (and it was as high as 90.000 BTC a month ago) while about 400 BTC worth of coins are being mined each day. The market can easily absorb that 400 BTC every day as it is and halving that to 200 BTC worth of coins a day really shouldn’t have any significant short term effects.