Goodbye Bitcoin and Ethereum: what is the “most profitable” cryptocurrency for miners
The director of a major cryptocurrency assured that this is the “most profitable” digital currency for miners.
In the midst of the unfavorable context for Bitcoin (BTC), with a price that has fallen to its lowest price in the last two years, the director of a major digital currency proposed that cryptocurrency miners look for another alternative.
After the bankruptcy of the FTX exchange due to lack of liquidity, most of the cryptocurrencies presented drops in their price, but the ones that received the strongest impact were BTC, which now clings to USD 16,000, and Ethereum, which barely touches the USD 1200.
THE MOST PROFITABLE CRYPTOCURRENCY FOR MINERS
The director of the Litecoin Foundation, Alan Austin, stated in an interview with the Cripto Noticias medium that, after “The Merge” of Ethereum, Litecoin (LTC) mining “are among the most profitable today.”
In addition, Austin assured that the security of the “Proof of Work or PoW” (proof of work) offers Litecoin “the blockchain with the longest uninterrupted operation time“.
On the other hand, the director of this foundation highlighted that the mining of cryptocurrencies in the LTC network has several advantages and that “there is a great demand for Litecoin miners”, in dialogue with the media cited at the World Digital Mining Summit conference. from Cancun, Mexico.
“First, you don’t need to stay with LTC if you don’t want to, you can convert your earnings. Second, it’s good for diversifying. I’m a Bitcoin fan, but having all your eggs in one basket is always a risk,” Austin explained.
LITECOIN IS THE BLOCKCHAIN WITH AN INTERRUPTED OPERATION
In the interview, the director of the Litecoin Foundation expressed that the objective of LTC is “trying to be better money, and for that, security is important” and stressed that this “Litecoin is the blockchain with the longest uninterrupted operating time.”
“Even Bitcoin had a crash at some point. That’s a huge thing and it says a lot about the quality and security of the network. It also says a lot about PoW,” Austin told Cripto Noticias.
Finally, it should be remembered that the director of Litecoin celebrated the “11 years without falls” of this network on his official Twitter account in October 2022.