Post
Topic
Board Announcements (Altcoins)
Re: Lethean (LTHN): The Safest Way To Be Online. P2P VPN
by
MagicSmoker
on 11/09/2018, 21:01:14 UTC
Unfortunately the price seems to still have room to drop, partly because of the overall market conditions but in my opinion mainly because of the millions of coins that have been mined while asics were tearing apart all the cryptonote coins before the forks.
...

I don't think the CN ASICs mined all that much of ITNS/LTHN for the month or so it was possible; I don't recall network hashrate getting much above 7MH/s at any point and, of course, difficulty adjusts rather rapidly to network hashrate, so a higher hashrate doesn't necessarily result in more coins getting mined per day.

Ever since the fork to CNv7 the average hashrate has been 2MH/s or less, which results in the mining of about 1M LTHN per day at the current difficulty. A rather minuscule amount, all things considered.

Market conditions are, indeed, unfriendly; I'll definitely give you that one.