LTC halving and DOGE mining profitability: is there a connection?
The next LTC halving will take place on August 3, and it’s been 4 years since the previous one. The approach of a significant event forces miners to become more active.
The number of connections to the network is growing and this provokes the increase of LTC hash rate – on February 15 the maximum level of 886.17 TH/s was reached. The unified model in use today also involves DOGE mining, forcing miners to keep an eye on that coin as well. Moreover, in recent years, the meme token has become not so much a secondary source of income as a primary one. The upcoming halving has raised the question of the prospect of rewards for mining Dogecoin.
At the moment, the algorithm looks as follows:
- Mining LTC means receiving rewards from both circuits.
- In the case of Doge mining, the reward will only be received for that token.
- If the block is above the Dogecoin difficulty level but below Litecoin, the second scenario will still work.
To calculate the profit from combined mining, go to the link.
The main and auxiliary chains are independent, so the activation of Litecoin halving will not significantly affect the Dogecoin network processes. Among the factors that can have a significant impact are fluctuations in the complexity of Dogecoin itself and hashrate migration during LTC mining. Nevertheless, due to the close connection of the two cryptocurrencies, experts predict DOGE volatility against the backdrop of LTC halving.
