儘管難以攀爬，但比特幣（BTC）採礦效果仍然恆定

比特幣（BTC）採礦哈希普爾（Hashprice

The Bitcoin (BTC) mining hashprice, a measure of a miner's daily revenue per unit of hashing power expended to mine blocks, has remained constant at around $48 (R828) per petahash per second (PH/s) despite a slight 1.4% uptick in Bitcoin difficulty, data from CoinWarz shows.

比特幣（BTC）採礦效果是礦工每天每天消耗的散裝電源的每日收入，儘管比特船（PH/S）每秒（ph/s）的每人塊均保持恆定約為48美元（R828），儘管比特幣難度有1.4％，但比特幣難度略有上漲。

Bitcoin difficulty climbed to 113.76 trillion at block 889,081 on March 23, up from the 112.1 trillion difficulty in the previous epoch.

比特幣難度在3月23日在889,081街區攀升至113.76萬億，高於上一個時代的112.1萬億個困難。

According to TheMinerMag, a hashprice below $50 is known to place financial stress on miners running older hardware such as the Antminer S19 XP and S19 Pro, which are still the primary models deployed on the network.

根據TheminerMag的說法，眾所周知，HashPrice售出50美元以下是對運行較舊硬件的礦工（例如Antminer S19 XP和S19 Pro）的財務壓力，這些硬件仍然是網絡上部署的主要模型。

The older hardware is less efficient at burning electricity into hashing power, and with transaction fees continuing to decline from their January highs, it could push some miners into unprofitable territory, forcing them to turn off their ASICs until network conditions change.

較舊的硬件在將電力燃燒到哈希電力方面的效率較低，並且由於一月份的高點不斷下降，交易費用繼續下降，它可能會將某些礦工推向無利可圖的領域，從而迫使他們關閉其ASIC直到網絡條件發生變化。

Bitcoin mining firms have been struggling since the April 12 halving event, which slashed the block subsidy to 3.125 BTC (R545,058) per block mined, generally increasing network difficulty and making it harder for miners to collect coins.

自4月12日減半活動以來，比特幣採礦公司一直在掙扎，該公司將街區的補貼削減至3.125 BTC（R545,058），每個街區開採開採，通常會增加網絡難度，並使礦工更難收集硬幣。

The recent downturn in the crypto markets due to macroeconomic uncertainty and unrest has also affected the industry.

由於宏觀經濟的不確定性和動盪，加密貨幣市場最近的低迷也影響了該行業。

Miners have a rough start to 2025

礦工到2025年的開端很艱難

In February, publicly listed Bitcoin mining companies collectively lost 22% of their share value, according to financial services firm JPMorgan.

據金融服務公司JPMorgan稱，2月，公開上市的比特幣礦業公司統稱其股價的22％。

Even miners who diversified operations into artificial intelligence and high-performance computing data centers to shore up revenue lost through mining activities are facing financial pressures, the firm noted.

該公司指出，即使是將業務多樣化為人工智能和高性能計算數據中心的礦工也面臨著通過採礦活動損失的收入。

It added that the recent release of DeepSeek R1, an open-source AI model, which was trained for a fraction of the cost as the leading models and performs on par with closed-source AI products, will place further strain on large AI data centers to generate revenue.

它補充說，最近發布的DeepSeek R1是一種開源AI型號，該模型的成本是領先型號的一小部分，並且與封閉源AI產品相同，將對大型AI數據中心產生進一步的壓力，以產生收入。

Although the Bitcoin network’s hashrate oscillates in the short term, the long term trend is up-only.

儘管比特幣網絡在短期內振盪，但長期趨勢卻是僅限的。

A steadily rising network hashrate, which is the sum total computing power in the Bitcoin network, is also creating increased competition among miners, who must expend greater computing resources to remain profitable.

比特幣網絡中總計計算能力的穩定上升的網絡哈希拉特也正在創造礦工之間的競爭，他們必須花費更多的計算資源才能保持盈利。

Fears of a prolonged trade war between the United States and Canada, alongside constant tariff headlines, have put miners on edge.

人們擔心美國與加拿大之間的貿易戰爭長期與持續的關稅頭條新聞，使礦工處於邊緣狀態。

On March 22, Canadian officials threatened to place tariffs on energy exports to the United States, which would exert even more pressure on the already struggling industry.

3月22日，加拿大官員威脅要向美國的能源出口徵收關稅，這將對已經陷入困境的行業施加更大的壓力。