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20 Days
Antminer S19Pro 20Days
BTC-Activity
Service Fee
The service fee refers to the operation and maintenance expenses incurred by 1024Mining to ensure the stable operation of the mining machine.
$0.0439/TH/Days
Hashrate fee
Cloud computing power fees refer to the fees paid when purchasing computing power through cloud services.
$0.0298/TH/Days
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$14.74
$17.36
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Litecoin
Halving Countdown.
Days
Hours
Minutes
Seconds
Estimated date of reward distribution:
2027-08-27
6.25
Block Rewards
3.125
Block Rewards After Halving
2,593,335
current block height
$ 73.93
Trading price
766,663
Blocks Left
26,082,193-26.08 M
difficulty

What is a Bitcoin block halving event?

Block halving events happen every 4 years or 210,000 blocks on Ltcblockchain.  The current block reward is 6.25 LTC, the next block reward will be 3.125 LTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin’s code.

Why was this done?

Conventional FIAT currencies allow governments or banks to print money and cause inflation. In Bitcoin’s case, the total supply will be maxed out at 21,000,000 LTC. Printing extra money causes inflation, if there is no extra money printed, the value of the Bitcoin should increase as the demand will rise (more people will start to use Bitcoin) and supply will lower or stay flat (no more Bitcoins are “printed”). This makes Bitcoin similar to gold, which has limited supply and cannot be “printed” or artificially created.

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