Litecoin Difficulty Chart - LTC Difficulty (2024)

FAQs

Litecoin Difficulty Chart - LTC Difficulty? ›

The LTC mining difficulty increase average in the last 24 hours is -5.66% at block 2,707,524 on the Litecoin blockchain network. In the last 7 days the Litecoin difficulty increase was -6.01%, with the increase in the last 30 days being -5.05%, and the last 90 days is 3.54%.

Litecoin mining is similar to Bitcoin mining in that it requires specialized hardware and software. While it can be mined on high-end computers connected to a mining pool, to receive more than a few cents per day, Litecoin requires one or more ASIC miners.

Current LitecoinCash Difficulty

The current LCC difficulty is 12.17 M at block 3,474,135, resulting in a LitecoinCash mining difficulty increase of 0.00% in the last 24 hours.

How long does it take to mine one Litecoin? The average block mining time on the Litecoin blockchain is approximately 2.5 minutes. Miners receive a reward of 12.5 Litecoins per block mined.

Because of its popularity, Bitcoin is one of the most difficult cryptocurrencies to mine profitably. At-home miners often find themselves losing money on equipment and electricity costs while competing with large-scale BTC mining operations.

Currently. LTC costs $112 per token, but experts have predicted that it to reach $1,000 in the next ten years. While LTC reaching $10,000 is improbable, it's still a good investment.

There are three different types of Litecoin mining hardware – CPU, GPU, and ASIC. ASICs are considered to be the best Litecoin miners due to effectiveness. CPU mining, on the other hand, is considered to be the least profitable one.

According to its predictions, the value of the Litecoin could rise to $550 by the very end of 2021, rising to $1000 in 2022, and achieving a mean price of $6500 by 2025. Litecoin has also consistently stayed in the crypto market top ten by market cap, a feat that not many other altcoins can claim.

Conclusion. Based on predictions from a range of analysts and market news sources, the overriding outlook for Litecoin is extremely bullish, with all predictions suggesting the value of the crypto is only likely to increase in the coming years. This is irrespective of the timeframe, whether short, medium, or long term.

Is LTC faster than BTC? ›

Faster speed and cheaper fees: Litecoin is known for its faster transaction speeds and more affordable fees than BTC. While the Bitcoin blockchain can process about six TPS, Litecoin can handle 54.

✅ Litecoin can be efficiently mined with ASIC mining machines. ❌ Litecoin cannot be efficiently mined with CPU or GPU cards.

Current Litecoin Difficulty

The current LTC difficulty is 35.79 M at block 2,700,840, resulting in a Litecoin mining difficulty increase of 0.00% in the last 24 hours. The Litecoin difficulty chart plots the Litecoin difficulty target over time and the current Litecoin difficulty (LTC diff) target.

Historically, Bitcoin (BTC) has been one of the most lucrative cryptocurrencies to mine due to its high market value. However, other cryptocurrencies like Ethereum (ETH), Litecoin (LTC), and Monero (XMR) have also been profitable for miners, depending on market conditions and mining hardware efficiency.

Bitcoin is the largest crypto by market capitalization and the most popular cryptocurrency to mine, with a reward of 6.25 BTC per block - although this halved in April 2024. Due to competition, you'll need a top-of-the-line mining rig to mine Bitcoin successfully, as well as to join a mining pool.

Other crypto currencies like Ethereum, Litecoin, and Bitcoin Cash are also profitable to mine. These coins use a different mining algorithm than Bitcoin, which makes them easier to mine with GPUs. However, the profitability of these coins depends on their market value and mining difficulty.

What is the Best Litecoin Mining Rig? The ASIC Antminer L3+ is the best rig for mining because it has 288 BM1485 chips designed specifically for mining Scrypt coins. It also is more powerful than other hardware, making it better at solving the hash. It has a maximum hashrate of 504 MH/s and 800-watt power consumption.