作為最大，最受歡迎的加密貨幣，這對沒有比特幣的人來說是一個驚喜（Crypto：BTC）

礦業的骯髒聲譽正成為pasthistor的礦物質，比特幣因其採礦過程而受到批評。

As the biggest and most popular cryptocurrency, it's a surprise to nobody that Bitcoin (CRYPTO: BTC) is subjected to all sorts of different trends, pressures, risks, and influences. It's easy to assume that all of the biggest factors that determine its price are already common knowledge.

作為最大，最受歡迎的加密貨幣，對任何人來說，比特幣（Crypto：BTC）都受到各種不同趨勢，壓力，風險和影響力是一個驚喜。很容易假設確定價格的所有最大因素已經是常識。

But what might be surprising is that some of the coin's least-discussed risks are getting less scary instead of looming larger, particularly in one key area. In short, the future is looking even brighter for the coin, and, interestingly, it will probably also be easier on the conscience of some holders and future buyers. Here's why.

但是，可能令人驚訝的是，某些硬幣最不討論的風險越來越少，而不是迫在眉睫，尤其是在一個關鍵領域。簡而言之，對於硬幣而言，未來看起來更加明亮，有趣的是，對於某些持有人和未來的買家的良心，這也可能會更容易。這就是原因。

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Mining's dirty reputation is becoming a thing of the past

採礦的骯髒聲譽已成為過去

Historically, Bitcoin has been criticized for its mining process.

從歷史上看，比特幣因其採礦過程而受到批評。

Mining requires a lot of computing power, which means that it requires a lot of energy. At the same time, miners experience reducing returns for each unit of effort as a result of the coin's protocol. Every four years in a process that's called halving, the reward that miners get for each block that's mined is reduced by half, so it takes much more effort -- and energy -- to get the same quantity of coin.

採礦需要大量的計算能力，這意味著它需要大量的能量。同時，由於硬幣的協議，礦工經歷了每單位努力的回報。每四年在一個稱為減半的過程中，每個開採區的礦工獲得的獎勵減少了一半，因此獲得相同數量的硬幣需要更多的精力和精力。

Those factors put a strong pressure on miners to buy energy at the lowest cost they can, as every bit of money they save is more that they can throw into capital expenditures like buying more mining rigs or buying climate-controlled facilities to house them. So, in 2012, a few years after Bitcoin was launched, about 63% of the coin was mined using energy produced by coal power plants, according to a new report published by MiCa Crypto Alliance in collaboration with Nodiens, a data platform.

這些因素給礦工帶來了巨大的壓力，要求他們以最低的成本購買能源，因為他們節省的每一筆錢都可以投入資本支出，例如購買更多的採礦鑽機或購買氣候控制的設施來容納他們。因此，根據Mica Crypto Alliance與數據平台Nodiens合作發表的一份新報告，在2012年，在比特幣發射後的幾年後，使用煤炭發電廠生產的能源進行了大約63％的硬幣。

Aside from creating unwelcome headlines about the coin's environmental sustainability, relying so heavily on dirty coal power exposed Bitcoin to a galaxy of regulatory and policy risks across many different jurisdictions worldwide. After all, coal is a bigger environmental hazard than other fossil fuels, and it was in the process of being replaced with cleaner energy sources back when Bitcoin was just getting started -- a replacement process that some have rightfully alleged was interrupted by the pressure to mine cryptocurrency.

除了創建有關硬幣環境可持續性的不受歡迎的頭條新聞之外，依靠骯髒的煤炭能力暴露於全球許多不同司法管轄區的監管和政策風險的銀河系。畢竟，與其他化石燃料相比，煤炭是一種更大的環境危害，並且在比特幣剛剛開始時，煤炭在被更清潔的能源替換的過程中 - 有些替代過程被某些人所稱的替代過程被挖掘加密貨幣的壓力打斷了。

In fact, in China, during early 2021 Bitcoin mining was banned altogether as part of one province's plans to reduce emissions; in late 2021, the rest of the country followed suit as a result of a ban advanced by the government, though without explicitly citing the same rationale. So the precedent that dirty mining operations represent a threat to the coin's value is well-established.

實際上，在中國，在2021年初，比特幣採礦被完全禁止，這是一個省減少排放的計劃的一部分；在2021年底，由於政府的禁令，該國其他地區也效仿，儘管沒有明確援引同樣的理由。因此，骯髒的採礦業務代表了對硬幣價值的威脅的先例。

But, in 2024, per the MiCa report, just 20% of the energy used for mining Bitcoin was produced using coal power. Nearly 41% of the energy was produced by renewable sources, up from 24% in 2014. That's a very bullish trend for Bitcoin, and practically nobody is talking about it. Nor is there any sign that the growth of renewable sources as a proportion of the total energy used is slowing.

但是，在2024年，根據云母的報告，使用煤炭能源生產了用於採礦比特幣的能源的20％。近41％的能源是由可再生能源產生的，從2014年的24％增加了。這是比特幣的非常看漲的趨勢，實際上沒有人在談論它。也沒有任何跡象表明可再生能源的生長是所用總能量的一定比例正在放緩。

Don't underestimate the upside here

不要低估這裡的上升空間

Bitcoin using less energy from coal and more from renewables over time is favorable because it means the regulatory and policy risks of mining it are declining over time rather than increasing. If it becomes an asset that's produced primarily using renewable power, which it's on track to do in just a couple of years, the risk of it being banned or heavily restricted for environmental reasons will be well on its way toward zero. There would still be other policy-related risks, of course -- but fewer than before.

隨著時間的推移，比特幣使用較少的煤炭能量，更多的可再生能源從可再生能源中使用的比特幣是有利的，因為這意味著它隨著時間的推移而不是增加的監管和政策風險正在下降。如果它成為主要使用可再生能源的資產，它可以在短短幾年內進行，因此由於環境原因而被禁止或受到嚴重限制的風險將在零方向上。當然，仍然會有其他與政策有關的風險 - 但比以前少。

Aside from those declining risks, if Bitcoin fully sheds its reputation of being a burden on the environment in the coming years, it could also attract capital from investors who previously refused to buy it for environmental reasons. It's unclear if that would trigger rising prices, but it's hard to see how a larger pool of willing buyers could be a downside over the long run.

除了那些風險下降的風險之外，如果比特幣在未來幾年完全忽略了對環境負擔的聲譽，那麼它也可以吸引以前出於環境原因拒絕購買的投資者的資本。目前尚不清楚這是否會觸發價格上漲，但是很難看到從長遠來看，更大的願意買家如何成為缺點。

What should investors do about this trend? On the off chance that you weren't invested in Bitcoin because you thought it was bad for the environment, it's worth reevaluating your opinion now, at least preliminarily. For everyone else, consider this as another ancillary reason the coin is worth buying and holding forever. It probably shouldn't be the thing that makes you invest more than you were already planning, but it's certainly a reason to avoid selling it if you were concerned about the regulatory consequences for coal-powered mining operations.

投資者應該如何處理這一趨勢？由於您認為這對環境不利，因此您沒有投資比特幣，因此現在值得重新評估您的意見，至少是初步的。對於其他所有人來說，將其視為硬幣值得購買和持有的另一個輔助原因。這可能不應該使您的投資比已經計劃的要多，但是如果您擔心您對煤礦開採業務的監管後果，那肯定是避免出售它的原因。