On Monday, August 5, the half-covering of the Litecoin miners reward will occur

The second halving of the miners’ reward (halving) of lightcoin according to the algorithm laid down will take place at a block of 1,680,000. It will be produced in the middle of the day on Monday, August 5th (Moscow time).

A decrease in the reward approximately every 4 years was incorporated into the Bitcoin system by its creator Satoshi Nakamoto. In 2020, the reward for the bitcoin block will be reduced for the third time – to 6.25 BTC. By the same model, the emission and its closest forks, primarily lightcoin, occur. For the first time, the unit reward decreased from 50 LTC to 25 in August 2015. From next Monday, miners with the same difficulty and hash rate will receive only 12.5 LTC.

In the community of the next halving of the issue, coins are usually eagerly awaited (all except miners), since over time it should cause an increase in the rate due to a drop in supply. Of course, no one can guarantee a double growth rate only because of the slowing down of emissions – for this, it is necessary, at a minimum, to keep demand at the same level.

Even for popular coins, to which LTC belongs, this rule works conditionally and with a delay, since the exchange rate depends more on the general state of the market than on the rate of emission. But in a bull market after the halving of the reward, the coin can grow faster, and on the bear market – fall slower than the rest.

On the other hand, the fall of the reward for the block reduces the profit of the miners and can even make their work unprofitable if the rate does not grow. Therefore, part of the miner can go to other coins, which temporarily reduces the security of the network. But more loyal miners will increase their share of hashrate in the network for a while. But since LTC is mainly mined at ASIC miners, the choice of coins for which is small, a serious fall in the hash rate most likely will not happen – in 2015, with less favorable market conditions, it fell by only 15%. Now, in the period of the bull market, miners will hope for a faster growth rate.