As of July 25, on-chain data indicates that the hash rate dedicated to the Litecoin network for mining from Binance Pool, a platform focused on improving miners’ income, is down by over 50% in the past seven months.
In crypto mining, hash rate is the cumulative computing power funneled to a proof-of-work network like Bitcoin, Litecoin, or Monero.
These public networks rely on miners distributed across the globe for security, decentralization, and transaction confirmation.
Binance Pool Hash Rate To Litecoin Drops By 50%
Presently, Binance Pool is allocating approximately 28 TH/s of hash rate to the Litecoin network, a decrease from the average of around 69 TH/s recorded in January 2023. Consequently, Binance Pool has lost its standing as one of the dominant Litecoin mining pools as of July 2023.
As of July 25, Binance Pool is ranked 7th in the Litecoin mining pool scene, accounting for approximately 3.6% of the total hash rate share.
In comparison, competitors like Poolin, F2P
We współpracy z: https://www.newsbtc.com/news/litecoin/binance-pool-litecoin-hash-rate-falls-50/
