Litecoin Network’s First Decline in Mining Reward

By August 26, 2015Bitcoin Business

F2Pool, the same mining pool which generated the largest bitcoin transaction ever recorded on July 11, mined the Litecoin network’s block 840,000, with a declined mining reward from 50 LTC per block to 25 per block for the first time since its launch in 2011.

The Litecoin network, similar to the Bitcoin network systemized to halve its block reward every 840,000. To celebrate its technological “milestone,” the Litecoin association published a video explicating the process […]

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