Charlie Lee: Next Month’s Halving Will Be a ‘Shock’ to Litecoin Mining
(LTC) creator Charlie Lee has predicted that miners may shut up shop after the coin’s upcoming halving this summer.
In an interview with Australian crypto news site Mickey on July 10, Lee reflected on the possible implications for litecoin’s mining ecosystem when the planned halving kicks in and current block rewards on the network are reduced by 50%. “It’s always kind of a shock to the system,” he said, explaining:
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