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Litecoin (LTC) mining profitability up until February 14, 2021

Litecoin mining became more profitable over the course of 2020, and remained on roughly the same level in the early months of 2021. During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain. When this process is completed, the miner receives cryptocurrency as a block reward. The underlying dynamic is that machines with more computing power - or hashrate - are likely to solve more puzzles, and therefore mine more cryptocurrencies. Whether a miner can make money with this depends on various costs such as electricity consumption during this process, transaction fees or whether the hardware used is efficient or not.

Mining revenue of Litecoin per day from October 2014 to February 14, 2021

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Source

Release date

February 2021

Region

Worldwide

Survey time period

October 2014 to February 14, 2021

Supplementary notes

Monthly figures are as of the end of that particular month.

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Statistics on "Cryptocurrencies"

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