Mining Litecoin was as difficult in March 2021 as it was in September 2020, as more computing power was used to create this cryptocurrency. Hashing refers to the amount of processing power that PCs use to build the blockchain: the more blocks of verified transactions that are processed or "hashed", the more cryptocurrency - the reward for this verification process - is being mined. A higher mining difficulty means more miners are trying to get this cryptocurrency and essentially shows how much computing power is being applied to mine this particular virtual coin.
Average mining difficulty of Litecoin from October 2014 to March 28, 2021
(in megahash)
Characteristic
Mining difficulty in M
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BitInfoCharts. (March 29, 2021). Average mining difficulty of Litecoin from October 2014 to March 28, 2021 (in megahash) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1224599/litecoin-mining-profitability/
BitInfoCharts. "Average mining difficulty of Litecoin from October 2014 to March 28, 2021 (in megahash)." Chart. March 29, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1224599/litecoin-mining-profitability/
BitInfoCharts. (2021). Average mining difficulty of Litecoin from October 2014 to March 28, 2021 (in megahash). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1224599/litecoin-mining-profitability/
BitInfoCharts. "Average Mining Difficulty of Litecoin from October 2014 to March 28, 2021 (in Megahash)." Statista, Statista Inc., 29 Mar 2021, https://www.statista.com/statistics/1224599/litecoin-mining-profitability/
BitInfoCharts, Average mining difficulty of Litecoin from October 2014 to March 28, 2021 (in megahash) Statista, https://www.statista.com/statistics/1224599/litecoin-mining-profitability/ (last visited July 22, 2024)
Average mining difficulty of Litecoin from October 2014 to March 28, 2021 (in megahash) [Graph], BitInfoCharts, March 29, 2021. [Online]. Available: https://www.statista.com/statistics/1224599/litecoin-mining-profitability/