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Author Topic: Litecoin Halving  (Read 11925 times)

zendicator

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Litecoin Halving
« on: May 26, 2019, 03:17:47 pm »
What are your thoughts in this coming halving of litecoin rewards per block?

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Litecoin Halving
« on: May 26, 2019, 03:17:47 pm »


kent47400

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Re: Litecoin Halving
« Reply #1 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.

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Re: Litecoin Halving
« Reply #1 on: June 03, 2019, 04:18:23 pm »

IyemRoker

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Re: Litecoin Halving
« Reply #2 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.
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Re: Litecoin Halving
« Reply #3 on: June 05, 2019, 05:10:16 pm »
- i have done write topic for Halving LiteCoin . -

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%.
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Re: Litecoin Halving
« Reply #4 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.
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Re: Litecoin Halving
« Reply #5 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.

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Re: Litecoin Halving
« Reply #6 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.

Felix Felicis

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Re: Litecoin Halving
« Reply #7 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 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.

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Re: Litecoin Halving
« Reply #8 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.

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Re: Litecoin Halving
« Reply #9 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.

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Re: Litecoin Halving
« Reply #10 on: June 30, 2019, 03:27:04 am »
- i have done write topic for Halving LiteCoin . -
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

Zed30

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Re: Litecoin Halving
« Reply #11 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.
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alfatih99

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Re: Litecoin Halving
« Reply #12 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.
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Re: Litecoin Halving
« Reply #13 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.
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Re: Litecoin Halving
« Reply #14 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.

 

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