Reward-Drop ETA date: 18 Aug 2019 13:42:48 Litecoin's block mining reward halves every 840,000 blocks, the coin reward will decrease from 25 to 12.5 coins.You can watch an educational video by the Litecoin Association explaining it in more detail below:At block 840,000, the mining reward fell from 50 LTC per block to 25 per block, marking the first time the alternative cryptocurrency, launched in 2011, has seen such a reduction.The 840,000th block was mined by F2Pool, also known as Discus Fish.Litecoin supporters took to social media to celebrate the halving, and creator Charlie Lee thanked Chinese supporters in a YouTube message.For now, the network itself doesn't appear to have been significantly affected by the reward drop, though some have speculated that, long-term, the hashrate will fall as profitability for some miners declines.The litecoin network hashrate saw some fluctuation but is within ranges seen over the past several days, according to CoinWarz.Markets reacted more significantly around the time of the halving.

According to BitcoinWisdom data for OKCoin, litecoin prices in Chinese markets fell sharply but have since seen recovery at press time.Speculation as to what comes next varies.Some have predicted a long-term price increase, whereas others see further declines to come after the LTC market ramped and subsequently plunged earlier this summer as concerns about Chinese investment fraud mounted.ethereum elementExternal factors in China - the largest market for litecoin – could fuel further volatility in markets moving forward, as the country's stock markets slip further into turmoil.bitcoin ether exchange rateImages via BitcoinWisdom, CoinWarz, Flickr The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.tesla for bitcoin mining

Reward-Drop ETA date: 20 Jun 2020 23:13:07 The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12 to 6 coins.Total Bitcoins in circulation:16,408,450 Total Bitcoins to ever be produced:21,000,000 Percentage of total Bitcoins mined:78.14% Total Bitcoins left to mine:4,591,550 Total Bitcoins left to mine until next blockhalf:1,887,888 Bitcoin price (USD):$2,663.00 Market capitalization (USD):$43,695,702,350.00 Bitcoins generated per day:1,728 Bitcoin inflation rate per annum:3.92% Bitcoin inflation rate per annum at next block halving event:1.73% Bitcoin inflation per day (USD):$4,601,664 Bitcoin inflation until next blockhalf event based on current price (USD):$5,027,445,744 Total blocks:472,676 Blocks until mining reward is halved:157,324 Approximate block generation time:10.00 minutes Approximate blocks generated per day:144 Difficulty:711,697,198,174 Hash rate:4.99 Exahashes/s Litecoin Block Halving Countdownbitcoin 2009 kurs

Bitcoin just experienced a major milestone in its short little lifespan.The reward for mining a block (a block = a ledger of transaction data) was just cut in half from 25 bitcoins to 12.5 bitcoins.This means that assuming a price of $650 per coin, going forward miners will make ~$8,125 per block they mine, compared to $16,250 before the halving.bitcoin sign raw transactionThis is all supposed to happen.bitcoin rpm centosWhen the code for Bitcoin was written, it was designed to be a currency with no more than 21 million bitcoins ever in circulation.And to encourage people to mine (which is what validates and supports the entire bitcoin network), Satoshi created a reward that went along with each block.When Bitcoin was first created, the reward was set at 50 bitcoins per block mined.And, the code specified that every 210,000 blocks mined that reward would be cut in half, until it eventually is reduced to zero after 64 halving events.

This exponential halving means that even though the last halving won’t occur for over 100 years, 75% of all bitcoins have already been mined and distributed.So, today was the second ever halving in the history of Bitcoin.The first halving (when the reward was cut from 50 to 25 bitcoins) was back in November of 2012, when the price was around $12 dollars.But what does it mean for ME??Ok, enough of the history lesson.You probably just want to know how this will effect the price of bitcoin.In a perfect market the USD/BTC price would have simply doubled, to compensate for half as much bitcoin being rewarded.This logically would make sense, since the cost of mining isn’t changing at all, and without a doubling of price miners are instantly seeing their revenue cut in half.But we all know markets aren’t perfect.So the best we can do it guess.And the most logical conclusion is that any pricing effect from the halving has most likely already happened due to the market anticipating it, and is probably one of the main reason for the huge price increase over the past 6 months.

Anyways, enough for today.Everyone enjoy their halvening parties, and if you don’t get the chance to celebrate just remember we have 30 more halvings ahead of us.Featured Image: Bryce Durbin/TechCrunchMining pool comparison Jump to: navigation, search This page lists all known mining pools along with many of the important details needed to choose a Litecoin pool which best suits you.It is usually a requirement to register an account on the pool, and configure your workers on the pool's portal account pages before mining.Each pool may have different payment methods--select the method which works best for you.A frequently updated list of each pool's hashrates.If possible, please help the network by mining with a pool that doesn't have a large part of the network hashrate.Contents 1 2 3 4 5 "Green" pools are more likely to have active webmasters and be more responsive to the needs of their miners.Name - The name of the pool and the pool's URL.Reward - See Reward types.

Fee % - The percentage that the pool charges as a fee.Launched - The launch date of the pool.Forum - The pool's forum announcement and usually its general public support and info thread.Must be a 3rd party site.Location - The geographical locations of the pool's servers.VDF - Vardiff, short for "variable-difficulty", optimizes the difficulty based on your worker's capacity.Does the pool have vardiff?STX - Blocks are not always 50 LTC because they can contain transaction fees.Does the pool share transaction fees with the miners?LB - Load balancing helps maintain uptime in case a server goes down.Does the pool have multiple mining servers?SSL - SSL is an encryption protocol that protects your privacy.Does the pool have SSL on the main website?TLS - Does the pool support TLS encryption for Stratum connections (prevents hijacking of mining connections)?The list is sorted by the date the pool was announced (Launched)--clicking a column header will change the sort method.Name Reward Fee % Launch Forum Location VDF STX LB SSL TLS Coinotron PPS/RBPPS/PPLNS 6/4.5/1.5 2011-10-20 Link PL No No No Yes No PPS 4 2011-11-05 Link UK, US-NY, US-CA, TOR Yes N/A Yes Yes Yes GiveMeCoins PPLNS 0 2013-03-11 Link US-AZ, FR Yes Yes Yes Yes No TBDice PPLNS (Solo) 0.5 2014-12-28 Link US Yes Yes ?

No No It is recommended not to use mining pools which have a large part of the total network hash rate.The site Learn Cryptography has more information behind the risks of having pools grow to a size of 51% or more of the total network.Think of it this way, what made you decide to join one of these big pools?Was it because bigger is better?For mining, bigger doesn't mean it's better.Joining a bigger pool does not mean bigger or faster payouts, especially when the payment system is probably the same one used by nearly every other pool (PPLNS).Maybe because the big pools are established and trusted?Many of the large pools were created during the Litecoin rush of April 2013.There are numerous smaller pools that were created at the same time or earlier.You can take a look at The Litecoin hash rate distribution chart and avoid joining the biggest pools.Or if you are currently mining them, please Spread the Hashes and consider switching to a pool with a smaller percentage of the total network.

CPPSRB - Capped Pay Per Share with Recent Backpay is a calculation that provides the maximum payout without bankrupting the pool.[1]DGM - Double Geometric Method.A hybrid between PPLNS and Geometric reward types that enables to operator to absorb some of the variance risk.Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments.POT - Pay On Target.High variance reward system to those that like a gamble.You get more for shares of higher difficulty, meaning you get a big reward if you're the block finder.PPLNS - Pay Per Last N Shares.Similar to proportional, but instead of looking at the number of shares in the round, it looks at the last N shares, regardless of round boundaries.PPS - Pay Per Share.Each submitted share is worth a certain amount of Litecoin.It is risky for pool operators, hence the fee is highest.When a block is found, the reward is distributed among all workers proportionally to how many shares each of them has found.RBPPS - Round-Based Pay Per Share.

Like PPS, but payouts are delayed until a block is found and confirmed by the network.If a found block gets orphaned, earnings relative to it are not paid.There is no "normal" or "standard" or "base" difficulty for Litecoin pools.Difficulty is measured in the same way as Bitcoin difficulty, but since the hashing algorithm used by Litecoin is much more complex (and therefore slower), pools need to use a share difficulty lower than 1.In the first months after the launch of Litecoin, most pools used a share difficulty of 2-16 or 2-15.They could have used even lower values, but there was no point in doing that.After GPU mining became widespread, most pools moved to higher difficulties, such as 2-12.The reason behind this was to decrease bandwidth usage, as a higher share difficulty results in fewer shares being submitted.While this change doesn't affect mining rewards, there is a minor downside, and that's that the precision of speed estimates gets drastically reduced.For this reason, slower miners may prefer pools with a lower share difficulty, so that they can get more precise statistics on their workers.