LITECOIN REACHES A MILESTONE – 1TH/S
According to the Liteshack, the Litecoin network hash rate reached 1TH/s, the equivalent of 1PH/s in Bitcoin (on GPUs), which was a milestone heralded as the arrival of Bitcoin. This comes on the heels of the merge mining of Dogecoin andLitecoin.
In an effort to survive, Dogecoin has switched to an auxiliary proof-of-work. The merger alone signals a positive attitude towards the future of Litecoin, and this new milestone is icing on the cake.
Almost exactly a year ago today, September 15, 2013, the Bitcoin network reached 1 PH/swhich was marked as a historical milestone. Litecoin’s network reached 1TH/s on September 14, 2014 – which is the equivalent of Bitcoins 1PH/s. The network hash rate was followed by 16.62% change in the network difficulty – jumping from 28,323 to 33,030. While this is one of the largest jumps single jumps for Litecoin, it’s only a .76 change since last month.
This post was published at Crypto Coins News on 17/09/2014.