Analysis: Litecoin price slump weakens mining profitability

CoinDesk released an analysis article saying that the price of Litecoin has plummeted in recent months, which has weakened the profitability of mining Litecoin, causing shocks to computer operators on the network. According to f2pool data, under the combined effects of various factors, the profit of mining Litecoin using the Innosilicon A6 + computer has decreased from $ 2.65 an hour in mid-June to $ 1.68 an hour. That's a small profit margin for a new $ 3,000 machine. F2pool's mining profit calculations show that operators using older models and weaker Antminer L3 are currently only able to earn a marginal 6-7 cents a day.