Li Qiwei advises Litecoin miners to donate 1% of block rewards to the Litecoin Foundation

In order to solve the financial problems of the Litecoin Foundation, Litecoin founder Li Qiwei suggested that the mining pool will voluntarily donate part of the proceeds to the Foundation to fund project development. He said that if Litecoin miners donate 1% to the foundation, which is a block reward of 0.125 LTC, the annual donation amount is about $ 1.5 million; at the same time, due to the combined mining of Dogecoin and other Scrypt tokens, the miner block reward returns reach More than 105%. Therefore, donating only 1% of the fund to the foundation is only a small-cost public welfare contribution. In addition, Li Qiwei also said that he can choose from various Litecoin projects, and miners can decide where to use their block reward donations. In response, some Twitter users said that asking miners to donate and cut their already low profits is not feasible for most miners. Unless it is a mandatory fee, in which case they do not have a say, but at least they can reach an agreement.