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Author: Admin | 2025-04-28
Litecoin (LTC) will be witnessing the decrease of block reward within 100 days. This event is expected to take place around August, 06, 2019 and it will reduce the Litecoin mining block reward into half. The below countdown timer shows you approximately when the Litecoin halving event will occur.Block reward halves @ block height: 1,680,000LTC reward drop ETA: 05, August, 2019 12:59:15It is expected that on this date and time Litecoin mining reward will decrease from 25 LTC to 12.5 LTC per block and it will take place approximately in:What is Litecoin Halving?Litecoin halving is an event similar to Bitcoin halving and it roughly occurs every 4 years. During this event the mining block reward of Litecoin will be divided by two (halved). It is programmatically hard-coded that every 840,000 blocks the Litecoin block reward halving should occur and the number of Litecoins generated should be cut in half.Started in 2011 the first having event of Litecoin occurred at block height 840,000 (August 2015) where the mining block reward decreased from 50 LTC to 25 LTC. The next halving event that is the upcoming LTC halving will occur at block # 1,680,000. It is estimated around 06, August, 2019 where the reward for mining Litecoin will be reduced from 25 LTC per block to 12.5 LTC / block.This halving is a fixed event that occurs every 840,000 blocks. Since the block generation time of Litecoin is set to ~2.5 Minutes the halving event is scheduled to happen every 4 years. This halving of the mining reward structure is aimed at controlling the coin inflation. Also it ensures that Litecoin reaches the total supply of 84 Million (4 times the max supply of Bitcoin).So why it matters and what’s so significant about the Litecoin halving event?Importance of Litecoin block reward halvingThe upcoming event is all about cutting the coin rewards from 25 coins to 12.5 coins. Miners are currently earning 25 LTC per block. But after this event miners will be earning 50% lesser coins (12.5 LTC) for validating every successful block. It means the profitability will be cut into half. Since this event decreases the inflation rate of the cryptocurrency it leads to greater scarcity thus naturally pushing the price up.In the history of Litecoin there have been only one halving event occurred in the past where the reward dropped from 50 to 25 LTC. Before that event took place
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