比特幣減半：小礦工會沉還是浮？

即將到來的 2024 年比特幣減半是第四次減半，引發了不同的反應。由於稀缺性增加，投資者熱切期待多頭市場，而小型礦商則面臨財務困難。 Marathon Digital 執行長警告小型礦商面臨的挑戰，強調獲得融資和設備的機會不平等。

Will the Bitcoin Halving Sink or Swim Small Miners?

比特幣減半會讓小型礦商沉沒還是游泳？

The impending 2024 Bitcoin halving, the fourth of its kind, is stirring a mix of anticipation and apprehension. While investors eagerly await the potential for a bull run driven by the increased scarcity of Bitcoin, some miners fear the financial headwinds that lie ahead.

即將到來的 2024 年比特幣減半是第四次減半，令人既期待又擔憂。雖然投資者熱切地等待比特幣日益稀缺帶來的牛市潛力，但一些礦商擔心未來的金融逆風。

Small Miners Face Financial Tempest

小礦商面臨金融風暴

Marathon Digital, a prominent Bitcoin mining behemoth, has reported solid results in 2023. From integrating methane gas into its mining operations to producing nearly 10,000 BTC in just 10 months, the company has enjoyed a strong year. However, despite these impressive figures, Marathon has raised eyebrows with its controversial practices, including Bitcoin transaction censorship in 2021 and the deployment of Slipstream, a service that undermines the revenue of competing Bitcoin miners.

著名的比特幣挖礦巨頭Marathon Digital 在2023 年公佈了穩健的業績。從將甲烷氣體納入其挖礦業務，到在短短10 個月內生產了近10,000 個比特幣，該公司度過了強勁的一年。然而，儘管有這些令人印象深刻的數字，Marathon 仍因其有爭議的做法引起了人們的關注，包括2021 年的比特幣交易審查和Slipstream 的部署，該服務損害了競爭對手比特幣礦商的收入。

Now, Marathon's CEO, Fred Thiel, is sounding the alarm: small Bitcoin miners will face a financial storm after the April halving. In an interview with CNBC, Thiel highlighted the unequal access to financing and equipment between small and large players in the current mining market. While industry giants have raised funds with ease, smaller miners have been left behind, their growth stifled by limited access to financing options. Thiel predicts that the reduction in BTC mining rewards will exert unsustainable financial pressure on these small firms, paving the way for industry consolidation by the giants.

現在，Marathon 執行長 Fred Thiel 敲響了警鐘：小型比特幣礦商將在 4 月減半後面臨金融風暴。在接受 CNBC 採訪時，泰爾強調了當前礦業市場中小型企業和大型企業之間在融資和設備方面的不平等。雖然行業巨頭可以輕鬆籌集資金，但規模較小的礦商卻被拋在了後面，融資選擇有限，抑制了它們的成長。蒂爾預測，比特幣挖礦獎勵的減少將對這些小公司造成不可持續的財務壓力，為巨頭的產業整合鋪路。

Marathon Prepares for the Storm

馬拉松為暴風雨做準備

According to Crypto News, Marathon Digital is not sitting idly by as the storm approaches. The company has recently completed two acquisitions and plans to continue this strategy to bolster its operations. With acquisitions of mining facilities in Texas and Nebraska, Marathon is well-positioned to weather the upcoming challenges.

根據 Crypto News 報導，隨著風暴的臨近，Marathon Digital 並沒有袖手旁觀。該公司最近完成了兩項收購，並計劃繼續這項策略以加強其營運。透過收購德州和內布拉斯加州的採礦設施，馬拉松已做好準備應對即將到來的挑戰。

Historic Milestone in 2023

2023 年的歷史性里程碑

2023 has been a banner year for Marathon, with impressive financial outcomes. The industry giant reported record revenue of $387.5 million for the past year, a remarkable 229% increase over the previous year. CEO Fred Thiel attributed this notable leap to the company's efforts to revitalize its mining machine fleet and optimize its performance. With these impressive results, Marathon continues to cement its position as a major player in the cryptocurrency mining industry, setting the stage for future growth opportunities.

2023 年對 Marathon 來說是輝煌的一年，並取得了令人矚目的財務成果。這家產業巨頭去年的營收達到創紀錄的 3.875 億美元，比前一年成長 229%。執行長 Fred Thiel 將這一顯著飛躍歸功於公司振興礦機群和優化性能的努力。憑藉這些令人印象深刻的成果，馬拉松繼續鞏固其作為加密貨幣挖礦行業主要參與者的地位，為未來的成長機會奠定了基礎。

Conclusion

結論

The 2024 Bitcoin halving will undoubtedly impact the mining landscape, with small miners facing the greatest challenges. As the block rewards are halved, these miners will face increased financial pressure, potentially leading to industry consolidation. Marathon Digital, with its recent acquisitions and strong financial performance, is well-positioned to navigate the storm, while smaller miners may struggle to survive.

2024年比特幣減半無疑將影響挖礦格局，小型礦商面臨最大的挑戰。隨著區塊獎勵減半，這些礦工將面臨更大的財務壓力，可能導致產業整合。 Marathon Digital 憑藉最近的收購和強勁的財務業績，已做好應對這場風暴的有利條件，而規模較小的礦商可能難以生存。