Litecoin, Dogecoin Record Hash Rate Gains After A Mining Company Reveals 3X Profit Over Bitcoin
Posted On December 9, 2024
Litecoin (CRYPTO: LTC) and Dogecoin (CRYPTO: DOGE) recorded a sharp uptick in hash rate on Sunday after a mining company disclosed that the two coins yielded three times the profit as mining Bitcoin (CRYPTO: BTC) alone.
What happened: Litecoin’s hash rate jumped from 1.48 PetaHashes per second to a fresh all-time high of 1.7128 PH/s, marking a 15% spike, according to Coinwarz.
Similarly, Dogecoin’s hash rate breached the 2.52 PH/s level for the first time on Sunday, before pulling back to 1.58 PH/s at the time of writing.
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