Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Litecoin Forum => Topic started by: zendicator on May 26, 2019, 03:17:47 pm

Title: Litecoin Halving
Post by: zendicator on May 26, 2019, 03:17:47 pm
What are your thoughts in this coming halving of litecoin rewards per block?
Title: Re: Litecoin Halving
Post by: kent47400 on June 03, 2019, 04:18:23 pm
I don't know about that yet and you also don't provide complete information regarding Halving.
I admit I am a beginner in cryptocurrency and maybe I will get more knowledge from this forum about Halving Litecoin.
Title: Re: Litecoin Halving
Post by: IyemRoker on June 05, 2019, 04:24:39 pm
If we refer to gold mining, the more gold in the mine it will run out, when gold runs out in the mine it will be expensive.
Halving Rewards is for miners who can effect the price increase such as the gold mining that I have mentioned, for more details I don't know what Halving is and this is according to my experience.
Title: Re: Litecoin Halving
Post by: jonathancool220 on June 05, 2019, 05:10:16 pm
- i have done write topic for Halving LiteCoin (https://www.altcoinstalks.com/index.php?topic=104497.msg640385#msg640385) . -

Look at the screenshot and there it says "the coin rewards decreases from 25 to 12.5 coins".
This indicates that there is a 50% reduction in the total block being mined because the more blocks that are in the mine run out.

The conclusion from Halving is a decrease in rewards of 50%.
Title: Re: Litecoin Halving
Post by: mimikri on June 09, 2019, 08:35:52 pm
If we refer to gold mining, the more gold in the mine it will run out, when gold runs out in the mine it will be expensive.
Halving Rewards is for miners who can effect the price increase such as the gold mining that I have mentioned, for more details I don't know what Halving is and this is according to my experience.

Miners might be not so very much happy. Many of them will go to a trading business. The price of Litecoin must go up, which will be good for the holders.
Title: Re: Litecoin Halving
Post by: Bobcrypto on June 12, 2019, 02:03:07 pm
If we refer to gold mining, the more gold in the mine it will run out, when gold runs out in the mine it will be expensive.
Halving Rewards is for miners who can effect the price increase such as the gold mining that I have mentioned, for more details I don't know what Halving is and this is according to my experience.

In a very simple term, halving or Litecoin halving is the process that sees the reduction of mining rewards of digital currencies to 50%.
Litecoin, which runs on the same base code as that of Bitcoin, halves its mining rewards every four years.
Title: Re: Litecoin Halving
Post by: leithy on June 13, 2019, 07:07:59 pm
Will it still be economic to mine litecoin? If a large number stop mining there will be a slowdown in new litecoin available which could push price up if demand continues.
Title: Re: Litecoin Halving
Post by: Felix Felicis on June 19, 2019, 12:17:21 pm
Litecoin Halving is the halving of miner reward which is done to limit (indirectly) the supply of the crypto and hence reduce the inflation rate in the market. The supply reduces indirectly as there are less number of newly generated coins that flow in the crypto market. When the miners are rewarded, they sell their reward (newly generated coins), so as to equalise their expenditure on the mining process (mining rigs, electricity consumption, etc).
There is a general fear among some people regarding this whole Litecoin halving (https://www.youtube.com/watch?v=iXjkMV4EjCg&feature=youtu.be) ordeal. But worry not, as this will actually improve the Litecoin market. By indirectly reducing the supply, the coin inflation (in an ideal situation) will go down, and hence the value of Litecoin will increase in terms of fiat currencies.
Some of the basic features of Litecoin Halving are:
 1. The mining reward will become 12.5 LTC
 2. The halving will occur in Aug' 19 (most probably 8th August)
 3. Total LTCs to ever be produced is 84,000,000
 4. Total LTCs in circulation is 62,010,275
 5. LTCs generated per day is 14,400
 6. Percentage of LTC mined is 73.82%

But again, these results will occur in an ideal situation. Nothing can be said for sure as the cryptocurrency market is highly volatile, and the results mentioned above should technically happen.
Title: Re: Litecoin Halving
Post by: Zion03 on June 24, 2019, 02:55:35 pm
The price movement (USD) in almost two months says it all about the sentiment of the market to this LYC halving. Investors probably see the less new coins generated from mining as beneficial to the market.
Title: Re: Litecoin Halving
Post by: bountyecrire on June 25, 2019, 02:47:16 am
There will be less LTC generated, so it always (in the past) pumped the prices. I think same will happen again. I am longing LTC around here because we are very close to MA200 line in 1D chart, which is our support if nothing goes wrong about Bitcoin. LTC will moon in 2 months in my opinion.
Title: Re: Litecoin Halving
Post by: masudginanjar on June 30, 2019, 03:27:04 am
- i have done write topic for Halving LiteCoin (https://www.altcoinstalks.com/index.php?topic=104497.msg640385#msg640385) . -
I have seen it and read it and in the thread it's the same as asking about Halving from LiteCoin.
The effect of ordinary Halving will increase the price in accordance with the notes written on the website "reduction in the allocation of miner".
This story might be the same as Halving Bitcoin. Cmiiw
Title: Re: Litecoin Halving
Post by: Zed30 on July 01, 2019, 07:35:12 pm
Will it still be economic to mine litecoin? If a large number stop mining there will be a slowdown in new litecoin available which could push price up if demand continues.

Just like mining bitcoin, you have to factor in the cost of electricity in your area to determine whether it is still economical or profitable to mine litecoin. Don't worry about people people stopping from mining, there will always be replacements.
Title: Re: Litecoin Halving
Post by: alfatih99 on July 06, 2019, 01:30:09 am
I think that way is also very good for Litecoin, and I strongly believe that Litecoin will grow further in the future, and will be a very potential coin.
Title: Re: Litecoin Halving
Post by: Rembang on July 11, 2019, 12:44:19 am
I think the approach of halving will make litecoin even more expensive, and if I think it is the right time to buy litecoin before the price rises higher.
Title: Re: Litecoin Halving
Post by: Betim on July 15, 2019, 09:42:30 pm
The price movement (USD) in almost two months says it all about the sentiment of the market to this LYC halving. Investors probably see the less new coins generated from mining as beneficial to the market.
Now investors have become more cautious and are investing in older and more promising coins like Litecoin. Moreover, on the eve of the upcoming halving, investors want to earn as a result of the rising LTC price, which may well rise twice as high as now.
Title: Re: Litecoin Halving
Post by: Puncak_pelangi on July 24, 2019, 01:38:32 am
indeed it is true that Litecoin will be halving, but I really like it all because halving will make the price go up higher and potentially.
Title: Re: Litecoin Halving
Post by: Niteroy on July 24, 2019, 09:41:08 am
The news of the upcoming halving Litecoin has significantly affected the price of LTC. Likewise, the last time halving Litecoin was produced, the price of an LTC coin roughly doubled. I think after halving we will see a slight increase in prices, but I do not think that growth will be gradual, in the long run.
Title: Re: Litecoin Halving
Post by: moonuranus on July 24, 2019, 01:39:08 pm
The market is looking ready for the halving of litecoin, accumulation is in the process for everyone who supports litecoin, significant growth of price will be seen possibly after the halving, let's see how it goes.
Title: Re: Litecoin Halving
Post by: Rembang on July 26, 2019, 11:20:56 am
I think it is very good with halving, because it will make the price better on the market, and will increase the price of litecoin.