Litecoin mining became more profitable over the course of 2020, and remained on roughly the same level in the early months of 2021. During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain. When this process is completed, the miner receives cryptocurrency as a block reward. The underlying dynamic is that machines with more computing power - or hashrate - are likely to solve more puzzles, and therefore mine more cryptocurrencies. Whether a miner can make money with this depends on various costs such as electricity consumption during this process, transaction fees or whether the hardware used is efficient or not.
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Mining profitability of Litecoin per day from July 2012 to February 27, 2025
(in U.S. dollar per day for one Gigahash/s)
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BitInfoCharts. (February 28, 2025). Mining profitability of Litecoin per day from July 2012 to February 27, 2025 (in U.S. dollar per day for one Gigahash/s) [Graph]. In Statista. Retrieved June 24, 2025, from https://www.statista.com/statistics/1201845/litecoin-mining-profitability/
BitInfoCharts. "Mining profitability of Litecoin per day from July 2012 to February 27, 2025 (in U.S. dollar per day for one Gigahash/s)." Chart. February 28, 2025. Statista. Accessed June 24, 2025. https://www.statista.com/statistics/1201845/litecoin-mining-profitability/
BitInfoCharts. (2025). Mining profitability of Litecoin per day from July 2012 to February 27, 2025 (in U.S. dollar per day for one Gigahash/s). Statista. Statista Inc.. Accessed: June 24, 2025. https://www.statista.com/statistics/1201845/litecoin-mining-profitability/
BitInfoCharts. "Mining Profitability of Litecoin per Day from July 2012 to February 27, 2025 (in U.S. Dollar per Day for One Gigahash/S)." Statista, Statista Inc., 28 Feb 2025, https://www.statista.com/statistics/1201845/litecoin-mining-profitability/
BitInfoCharts, Mining profitability of Litecoin per day from July 2012 to February 27, 2025 (in U.S. dollar per day for one Gigahash/s) Statista, https://www.statista.com/statistics/1201845/litecoin-mining-profitability/ (last visited June 24, 2025)
Mining profitability of Litecoin per day from July 2012 to February 27, 2025 (in U.S. dollar per day for one Gigahash/s) [Graph], BitInfoCharts, February 28, 2025. [Online]. Available: https://www.statista.com/statistics/1201845/litecoin-mining-profitability/