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So based mostly on the present charge the miners have been promoting off their reserve of litecoin, do we all know when the availability might be bought off? Additionally it appears like about 90% of all litecoin have been mined and there are about 8.7 million litecoin left to be mined (in accordance with https://www.litecoinblockhalf.com/), undecided if they’re respected or not however their numbers appear fathomable). Additionally they say the subsequent halving occasion might be in roughly 3 years. Which i assume will decelerate mining significantly… I've additionally seen on this discussion board that there are one thing like 1.5 million litecoin held in reserve by miners, and so they've been promoting off their provide. I wish to perceive this all higher. When will all of it be mined? When will the present reserve be bought off? How will that have an effect on the worth (clearly it can go up quicker however do we’ve concepts of what magnitude)? How will the subsequent halving have an effect on worth? Does 3 years truly seem to be an inexpensive timeframe for that? As soon as it's all been bought, gained't that simply imply its all in circulation and could be purchased and bought like regular.. that means extra provide than at the moment exists? How does that work. What are your ideas? I'm attempting to grasp higher the mechanisms that can have a giant impact on provide. submitted by /u/somanyburritos |
