Litecoin's First Block Reward Halving
Warning: This post is very old, and may contain outdated information.
2015-08-25 22:22 UTC (8 years ago)
Today Litecoin is undergoing its first block reward halving. This means that the block subsidy is going to change from 50 LTC to 25 LTC, and, consequently, the earnings of all miners are going to halve as well. This shouldn't be seen as a bad thing, though: the halvings exist to guarantee that there will never be more than 84 million litecoins in circulation, thus making Litecoin inflation-proof.
We invite you to watch the following educational video by the Litecoin Association, which explains the Halving more in detail:
We are currently running a countdown to the Halving in the pool's IRC channel. Just click on the “Chat” link in the top menu to join us!
EDIT: The halving has happened! Thanks to everybody who joined us for the countdown, it was a lot of fun!