The fifth of August was the second in the history of Litecoin halving. After this procedure, the miners althena began to get less coins for each mined block. After two weeks of Hasrat of bitcoin has dropped 30 percent. In other words, the third equipment for mining was disconnected from the network. Whether the profitability of mining LTC dropped so much?

The calculation of the profitability of mining Litecoin

Today Litecoin is trading at 73 dollars. Since halving coin cheaper by about $ 30, because immediately after the events of the coin crossed the level of $ 100. As you can see, cuts rewards on the block did not lead to a rise in price of the asset. However, from may until the procedure LTC is in a steady uptrend, it is marked on the chart below.

Source: TradingView

The difficulty of Litecoin mining is recalculated every 2016 blocks like Bitcoin. However, the time unit in the network of LTC is approximately 2.5 minutes, which is four times faster than the Bitcoin finding a block. After the fall Hasrat network cryptocurrency, it was observed the increase in the average output time of the block. LTC Creator Charlie Lee hastened to reassure them — according to him, even the sudden disappearance of 75 percent of the computing power of the network will not have a significant impact on Litecoin in the long term.

To halving Lee also did not miss the opportunity to remind you that LTC mining will remain profitable even after lowering the rewards. However, according to preliminary estimates, the decision of the miners to switch from Litecoin to some other coin is understandable.

For 56 days prior to curtailment of the awards Lee has published a forecast on the profitability of mining LTC before and after halving. When calculating the cost of electricity was taken at 5 cents per kilowatt*hour. Potential profit and power consumption calculated according to the characteristics of ASIC miners InnosiliconA6+ Antminer and L5. Below the break-even point of electricity — the electricity price at which the miner will go to zero.

Source: Coingape

So, based on estimates of Whether, before the procedure of halving daily profit with Innosilicon A6+ and L5 Antminer was 7.82 5.21 and the dollar, respectively. After reduction of the reward for miners was supposed to 2.65 and 1.75 dollar, respectively.

In reality, the situation is almost two times worse. Use the service WhatToMine to calculate the profitability of the above two Asimov at the current price of Litecoin. Here are the results for Innosilicon A6+. As you can see, today the profitability of the equipment is only 1.07 dollars a day when the electricity price 0.05 USD per kWh.

Source: WhatToMine

In the case of Antminer L5 today profit per day does not exceed one dollar. If the home miner in the electricity tariff will be higher five cents per kilowatt*hour, he will receive a paltry sum for their equipment.

Source: WhatToMine

Conclusion: forecast Charlie does not come true, because at the current rate, the miners receive a minimum of two times less.