Something is wrong with the Litecoin hashrate distribution.To be more specific, F2Pool currently controls 52.4% of the entire mining hashrate.Earlier today, that number was closer to 56%.It is unclear what is happening exactly, although it seems the situation will be rectified soon.It looks as if someone directed a lot of ASIC mining power to this pool over the past few days.F2Pool is Over the 51% Hashrate Threshold It is never good to see a mining pool control over half of the network hashrate.This would effectively allow to take control of the Litecoin network, if they were inclined to do so.That does not appear to be the case, though.It is still a situation that needs to be addressed sooner rather than later.Having one pool control the majority of hashrate never bodes well if things are not solved quickly.Luckily, it appears is on the case already.It is unclear what will be done to revert this dominant position, though.The hashrate of F2Pool is dropping slowly, but it will take time to get it below 50%.

The pool has always been one of the largest Litecoin mining pools, though.This sudden growth is both unexpected and unprecedented in the Litecoin ecosystem.bitcoin server install ubuntuIt is good to see there is no malicious intent to take over the Litecoin ecosystem, though.bitcoin anarchyI'm talking to @f2pool_wangchun about it.bitcoin steuer 2017— Charlie Lee (@SatoshiLite) June 8, 2017 It is possible the recent value increase of Litecoin attracted a lot of new miners.bitcoin etf march 30Even though the LTC price is a bit flat these past few weeks, it is still a profitable cryptocurrency to mine.bitcoin kreditkarte kaufen

That is, assuming one has access to both powerful hardware and cheap electricity.Until we know who is responsible for this sudden change in network hashrate, all one can do is speculate.dogecoin exchange rate chartIt is evident someone feels mining Litecoin is the worth their while right now.bitcoin price yearlyIf all things go according to plan, this problem should be solved in a few hours from now.litecoin 5 gpuThere is no imminent threat to the network right now, though, so no one should panic either.bitcoin hits 700F2Pool is getting a more popular than anticipated, but the issue will be resolved with ease.Issues like these may arise from time to time, though.It is good to see F2Pool and Charlie Lee take action to make sure this matter is resolved quickly.

The Litecoin network is in good hands, that much is evident.Bitcoin, Ethereium, Litecoin, and other blockchain-based digital tokens have rallied sharply in the last month.In just the last 48 hours, Bitcoin and Ethereum raced well into record territory.On many exchanges, the US-dollar denominated price of Bitcoin crossed the $1600 mark, and the price of Ethereum topped $100 for the first time in its comparatively short history.And Litecoin, which has languished below $5 for over a year, saw a major uptick in interest from traders, pushing its price to over $25 in the past 24 hours.Cryptocurrency is a supremely volatile asset class, and traders in these digital tokens are a notoriously mercurial bunch, so the current optimism may point to some bigger trend here.To show the remarkable rise in respective price over the last month, we created a chart that tracks the historical value of each up to the time of writing.The starting point for each is their value on April 4th: (Note: We chose to exclude Ripple, which has a total market capitalization that ranks higher than Litecoin’s.

But because mining of Ripple is centralized, it’s price is not subject to the same market forces as cryptocurrencies with open, decentralized mining written into the protocol.)Over the past month, Bitcoin’s average price has risen steadily, closing out the 30-day period ending May 5th some 33.5 percent higher.That’s a pace of return that investors in more conventional asset classes would be incredibly happy with.But relative to other cryptocurrncies, that pace of return could be considered lackluster.Litecoin, one of the oldest alternatives to Bitcoin, is trading 80 percent higher over the same time frame.And Ethereum, a relative newcomer with more technical features than Bitcoin, is up nearly 120 percent relative to the same time last month.What’s driving the rapid appreciation in the price of Bitcoin and its cryptocurrency counterparts?Of course, arriving at definitive answers is difficult, but there are recent and notable trends that affect traders’ behavior.In the case of Bitcoin, there has been a significant spike in demand by traders and users alike from Japan.

That country’s legislature put new rules into effect in April that made Bitcoin a legally-recognized method of payment.According to CNBC coverage of Coindesk research, Japanese Yen-denominated orders for Bitcoin accounted for over 50% of the volume on May 1.Litecoin has seen a renewed spike in interest as miners voted to activate the “Segregated Witness” patch, which allows more information to fit in the cryptographic blocks that record transactions on the blockchain.However, Litecoin’s price and trading volume really took off after Coinbase, the venture-backed Bitcoin exchange and wallet service added support for Litecoin on Wednesday.This major development is seen as a victory for the Litecoin community as many have been waiting for Coinbase’s support for years.With Ethereum, the increased value the market places on its tokens is likely the result of increased adoption of the technology and ongoing interest in blockchain development by major corporations, startups, and researchers.