Litecoin (LTC) is picking up the pace in more ways than just padding its market price. The hashrate for the minable coin is near its all-time peak, looking ready to repeat the records from the summer of 2018. The Litecoin network’s hashrate reached a recent peak above 321 TH/s, nearly doubling in the past three months.
Litecoin is mined using a Scrypt algorithm, and the current L3 miner is the widely used machine to achieve this level of mining competition.
The Litecoin block reward is still 25 LTC per block, produced every 2.5 minutes. Currently, more than 61 million LTC have bee...