DOGE Rewards Drive Network Hashrate After The LTC Halving

• Shan Belew shared on Twitter that LTC and DOGE miners only saw a 20% reduction in the daily block rewards after the LTC halving.
• Due to Dogecoin’s continuous block rewards system, DOGE remains the primary source of rewards for miners.
• Both LTC and DOGE saw their price decline over the past 24 hours.

After the Litecoin (LTC) halving, both Litecoin and Dogecoin (DOGE) miners experienced a reduction in their daily block rewards by around 20%, according to a Twitter post shared by Litecoin enthusiast Shan Belew.  However, despite the reduction, Dogecoin still contributes a significant portion of the total block rewards for miners of both cryptocurrencies.

Litecoin & Dogecoin miners only saw a reduction in the daily block rewards by 20% after the Litecoin halving.

Dogecoin still makes up the majority of the block rewards right now for Litecoin and Dogecoin miners.

This is why hashrate continue to climb even after the halving.… pic.twitter.com/jFezmyXuX6

— Shan Belew (@MASTERBTCLTC) August 4, 2023

The post also pointed out that, due to Dogecoin’s continuous block rewards system, it remains the primary source of rewards for miners even after the halving. Thi…

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