比特幣減半刺激交易費用飆升，提振礦工利潤

2024 年 4 月 20 日比特幣減半事件發生後，網路交易費用飆升，達到前所未有的平均 128.45 美元，這主要是由於 Runes 代幣標準的推出，導致對區塊空間的需求大幅增加。儘管減半使區塊獎勵減少了 50%，但礦工仍受益於創紀錄的交易費用，比特幣當天產生了 7,830 萬美元的費用，創下了礦工收入的歷史新高。然而，截至 2024 年 4 月 21 日，平均交易費用已大幅下降至 34.86 美元。

Bitcoin Halving Sparks Transaction Fee Surge, Boosting Miner Revenue

比特幣減半引發交易費用飆漲，增加礦工收入

On April 20, 2024, Bitcoin underwent its fourth halving event, slashing miner block rewards from 6.25 BTC to 3.125 BTC. This significant reduction in block rewards raised concerns about the profitability of Bitcoin mining. However, a surge in transaction fees following the halving has alleviated those concerns and even provided a substantial boost to miner revenue.

2024 年 4 月 20 日，比特幣經歷了第四次減半事件，礦工區塊獎勵從 6.25 BTC 大幅削減至 3.125 BTC。區塊獎勵的大幅減少引發了人們對比特幣挖礦獲利能力的擔憂。然而，減半後交易費用的飆升緩解了這些擔憂，甚至大幅增加了礦商收入。

The Runes token standard, launched alongside the halving, has played a pivotal role in the transaction fee surge. Runes, Bitcoin's equivalent of Ethereum's ERC-20 standard, enables the creation of a vast array of assets on the Bitcoin blockchain, from memecoins to governance tokens. The popularity of Runes has led to increased demand for blockspace on the Bitcoin network, resulting in record-high transaction fees.

與減半同時推出的 Runes 代幣標準在交易費用飆升中發揮了關鍵作用。 Runes 是比特幣相當於以太坊的 ERC-20 標準，它可以在比特幣區塊鏈上創建大量資產，從迷因幣到治理代幣。符文的流行導致比特幣網路上對區塊空間的需求增加，導致交易費用創歷史新高。

On the day of the halving, Bitcoin transaction fees skyrocketed to an unprecedented average of $128.45, eclipsing the previous record by over 100%. This surge has benefited Bitcoin miners immensely. Despite the 50% reduction in block rewards, total miner revenue, including both block rewards and transaction fees, reached an all-time high of $107.8 million on April 20, 2024, according to YCharts.

減半當天，比特幣交易費用飆升至前所未有的平均 128.45 美元，超過先前的記錄超過 100%。這種激增使比特幣礦工受益匪淺。根據 YCharts 的數據，儘管區塊獎勵減少了 50%，但包括區塊獎勵和交易費用在內的礦工總收入在 2024 年 4 月 20 日達到了 1.078 億美元的歷史新高。

Major Bitcoin mining firms such as Marathon Digital Holdings, Riot Blockchain, Hut 8 Mining, and Core Scientific have reaped substantial rewards from the transaction fee surge. These companies, which have invested heavily in mining infrastructure, are now seeing record revenue streams despite the halving.

Marathon Digital Holdings、Riot Blockchain、Hut 8 Mining 和 Core Scientific 等主要比特幣挖礦公司從交易費用激增中獲得了豐厚的回報。這些公司在採礦基礎設施上投入巨資，儘管減半，但現在仍看到創紀錄的收入流。

While transaction fees have since receded from their peak, they remain significantly elevated compared to pre-halving levels. The success of Runes and other Bitcoin-based applications is expected to sustain the demand for blockspace and keep transaction fees high.

儘管交易費用已從峰值回落，但與減半前的水平相比仍顯著升高。符文和其他基於比特幣的應用程式的成功預計將維持對區塊空間的需求並保持較高的交易費用。

Analysts at Ten31, a bitcoin research firm, believe that the surge in transaction fees is a positive sign for Bitcoin's future. They argue that as Bitcoin continues to attract users and demand for secure and efficient settlement transactions grows, fees will naturally increase to reflect the scarcity of blockspace on the network.

比特幣研究公司 Ten31 的分析師認為，交易費用的飆升對比特幣的未來來說是一個正面的訊號。他們認為，隨著比特幣不斷吸引用戶以及對安全高效的結算交易的需求增長，費用自然會增加，以反映網路上區塊空間的稀缺性。

"To the extent that Bitcoin continues to gain users and demand for economically dense settlement transactions, we expect fees to use the network's scarce blockspace to increase accordingly," said a Ten31 analyst. "Said another way, fees are designed to pump forever."

Ten31 分析師表示：“只要比特幣繼續獲得用戶和對經濟密集的結算交易的需求，我們預計使用網路稀缺區塊空間的費用會相應增加。” “換句話說，費用的設計是永遠上漲的。”

The increase in transaction fees underscores the dynamic nature of the Bitcoin ecosystem. As the network evolves and new applications emerge, the value of blockspace and the profitability of Bitcoin mining will continue to fluctuate. However, the surge following the halving provides a clear indication that Bitcoin remains a valuable and reliable platform for secure and efficient financial transactions.

交易費用的增加凸顯了比特幣生態系統的動態性質。隨著網路的發展和新應用的出現，區塊空間的價值和比特幣挖礦的獲利能力將持續波動。然而，減半後的飆升清楚地表明，比特幣仍然是安全高效金融交易的有價值且可靠的平台。