Litecoin (LTC) Hashrate Peaks; New Mining Rigs May Be Operational in Secret

The (LTC) hashrate has been growing, more than doubling in the past six months. In recent weeks, the hashrate kept rising, and recently peaked above 370 TH/s, mostly boosted by the expectations of the upcoming halving of the block reward in August.

Now, the hashrate rise is ascribed to the possibility that new L5 ASIC machines have been put on the network, and may have been a part of the hashrate for hire in cloud mining services. On a blog by Litecoin.com, a community site, the theory of…

This article appeared first on Cryptovest

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