Slushpool may Enable Litecoin Mining if There is Enough Support

By June 9, 2017Bitcoin Business
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Slushpool may Enable Litecoin Mining if There is Enough Support

It looks like Slushpool miners are quite interesting in seeing a dedicated Litecoin mining option. This comes as quite a surprise, though. Up until now, Slushpool has not been inclined to offer LTC mining. However, a proposal on the “development corner” part of the website paints an interesting story. If the users get their way, the pool may enable LTC mining in the future. This would help distribute the overall hashrate a bit more evenly.

Slushpool And Litecoin Mining?

On paper, it sounds quite odd Slushpool would enable Litecoin mining. Then again, there is such a proposal on its website. The goal would be to deploy a fully PPS-operated Litecoin mining section. Since the pool recently added ZCash support, LTC support would be more than welcome. This becomes especially valid when looking at the current network hashrate distribution. It appears one pool is taking over the majority of hashpower since 24 hours ago.

To be more specific, F2Pool still controls over half of the Litecoin network hashrate. This problem became more apparent yesterday morning. At that time, the pool represented over 56% of all mining efforts. Ever since then, the percentage has started to shrink a bit. However, F2Pool is still at 51.6% right now. If Slushpool enables Litecoin, this concern could be alleviated relatively quickly.

Do keep in mind there is no guarantee Slushpool will allow LTC mining. The proposal is getting a fair bit of support, which is good to see. However, it is unclear which threshold needs to be met before this will effectively be integrated. Right now, only 13 votes have been cast in favor of this proposal. That does not appear to be all that much, though. Then again, most proposals get even fewer votes, so things could be looking quite good.

It has always been somewhat baffling to see so few Litecoin mining pools. If Slushpool were to embrace LTC, things could get very interesting. It is evident a lot of people want to mine this popular currency. Having more pools at their disposal is never a bad thing by any means. We can only hope this proposal gets enough support to be turned into a reality. It is quite an intriguing development, to say the least.

JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

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