老化的比特幣礦機會在國外找到第二次生命嗎？

隨著比特幣區塊獎勵減半的臨近，礦業公司面臨越來越大的壓力，需要降低電力成本以維持獲利能力。由於電費高昂，S19 系列等較舊的礦機在美國運作的利潤越來越低。因此，許多礦工正在將這些機器遷移到電力較便宜的地區，主要是非洲和南美洲。預計減半後，二手S19機型的銷售量將進一步下降，一些買家等待以更低的價格購買。

Will Old Bitcoin Mining Rigs Find New Life Overseas?

舊的比特幣礦機會在海外找到新的生命嗎？

As electricity costs soar, bitcoin mining companies are scrambling to cut costs. For some, that means sending their older machines overseas.

隨著電費飆升，比特幣挖礦公司紛紛削減成本。對某些人來說，這意味著將他們的舊機器送到海外。

Africa and South America: New Havens for Bitcoin Miners?

非洲和南美洲：比特幣礦工的新避風港？

According to industry experts, an estimated 600,000 S19 series computers, which currently dominate the mining landscape, are being shipped out of the US, primarily to Africa and South America. The allure lies in the significantly lower power costs in these regions.

據行業專家稱，估計有 60 萬台 S19 系列電腦正在從美國運出，主要運往非洲和南美洲，這些電腦目前在採礦領域佔據主導地位。其吸引力在於這些地區的電力成本顯著降低。

Halving Looms: Time to Upgrade or Relocate?

織布機減半：是時候升級或搬遷了？

With the upcoming halving of bitcoin rewards, the pressure is on miners to upgrade to more efficient machines. The halving, which occurs every four years, will reduce the reward for mining a block from 6.25 bitcoin to 3.125 bitcoin.

隨著比特幣獎勵即將減半，礦工面臨升級到更有效率機器的壓力。每四年發生一次的減半將使開採一個區塊的獎勵從 6.25 比特幣減少到 3.125 比特幣。

Used Machines: A Bargain for International Buyers?

二手機：對於國際買家來說是划算的選擇嗎？

The halving has prompted a sell-off of older mining rigs, with prices plummeting. Buyers are flocking to these machines, anticipating that they can still generate profits in regions with cheaper electricity.

減半促使舊礦機遭到拋售，價格暴跌。買家紛紛湧向這些機器，期望它們仍然可以在電力較便宜的地區產生利潤。

US Miners: Reluctant to Sell or Relocate?

美國礦商：不願意出售或搬遷？

Some US-based miners are opting to hold onto their older machines rather than sell them at a loss. Others are exploring the option of relocating their operations to regions with lower electricity costs.

一些美國礦商選擇保留舊機器，而不是虧本出售。其他公司正在探索將業務轉移到電力成本較低的地區的選擇。

Hosting Fees: A Critical Factor

託管費用：一個關鍵因素

For miners who lack their own facilities, hosting fees play a significant role in profitability. In Ethiopia, for example, hosting fees are around 5 US cents per kilowatt-hour, compared to 7 US cents in the US. This two-cent difference can make a substantial impact on margins.

對於缺乏自己設施的礦工來說，託管費對獲利能力起著重要作用。例如，在衣索比亞，託管費約為每千瓦時 5 美分，而美國為 7 美分。這兩美分的差異會對利潤率產生重大影響。

Ethiopia: A Rising Star in Digital Mining

衣索比亞：數位採礦領域的後起之秀

Ethiopia has emerged as a popular destination for bitcoin miners due to its abundant and affordable hydropower. The government has also relaxed regulations on crypto mining, making it an attractive investment destination.

埃塞俄比亞因其豐富且負擔得起的水力發電而成為比特幣礦工的熱門目的地。政府也放寬了對加密貨幣挖礦的監管，使其成為有吸引力的投資目的地。

Chinese Miners Flock to Ethiopia

中國礦工湧向衣索比亞

Chinese bitcoin miners, facing regulatory crackdowns at home, are increasingly relocating their operations to Ethiopia. The country's favorable electricity rates and government support are major incentives.

面臨國內監管打壓的中國比特幣礦商越來越多地將業務轉移到衣索比亞。該國優惠的電價和政府支持是主要的激勵因素。

Publicly Traded Miners: Balancing Risk and Profit

公開交易的礦工：平衡風險與利潤

Publicly traded bitcoin mining companies face unique challenges in relocating their operations overseas. Shareholders' risk aversion and logistical concerns can make it difficult to move machines abroad.

公開交易的比特幣礦業公司在將業務遷往海外方面面臨獨特的挑戰。股東的風險規避和物流問題可能導致機器難以運往國外。

Big Bucks for New Hardware

花大錢買新硬體

In anticipation of the halving, major bitcoin mining companies have invested heavily in new hardware. Since February 2023, they have ordered over US$1 billion worth of machines.

由於預計減半，主要的比特幣挖礦公司已投入大量資金購買新硬體。自 2023 年 2 月以來，他們已訂購了價值超過 10 億美元的機器。

Fundraising Spree: Miners Seek Cash

募款熱潮：礦工尋求現金

To finance their expansion plans, five of the largest bitcoin miners have raised over US$2.7 billion through stock offerings in the past two years. This trend has continued in 2023, with an additional US$840 million raised so far.

為了為其擴張計劃提供資金，五家最大的比特幣礦商在過去兩年中透過股票發行籌集了超過 27 億美元的資金。這一趨勢在 2023 年得以延續，迄今已籌集了 8.4 億美元。