Why this big increase in hashrate? I don't understand, mining is hardly profitable already, who is investing in LTC when it is more and more falling back vs BTC.
I'm still mining with a Titan, but lost my thrust in crypto mining a long time ago. On a certain moment I realised that it is embedded in alogrithm that it will always level out to zero profit. Only early miners will have a profit, for LTC you should have started back in 2014. My titan will probably never ROI, so won't all those new mining equipment.
The Titan is still one of the most effycient miners, new equipment is hardly better. It is telling me that hardware is on it's max, there is not much to gain in effeciency.
So on august 2019, when the next halving is, all mining hardware will cost more to run than it will mine in LTC. And I'm pretty sure the value of LTC will not compensate it. As it didn't do anything the last halving.
So only people who run on cheap or free electricity can run their miners.
Second thing, with segwit on BTC why would anyone use LTC anymore, So I think it will loose more and more interest, lowering it's value even more.
Sorry for my negative opinion, but this is how I feel about it.