比特幣減半：對投資者、礦工和市場動態的影響

減半日是加密資產領域的關鍵事件，人們對此抱持極大的興趣，因為它標誌著礦工的區塊獎勵大幅減少。新幣供應的減少被認為會對比特幣價格產生正面影響，使其成為投資者考慮的關鍵因素。從歷史上看，減半天數與價格上漲趨勢相關，這凸顯了了解這些事件及其對成功投資策略的潛在影響的重要性。

Every four years, crypto asset investors witness an important event called bitcoin halving day.

每四年，加密資產投資者都會見證一個被稱為比特幣減半日的重要事件。

In the world of crypto assets which is often filled with large price fluctuations and great opportunities for profit, halving day is a moment that is eagerly awaited and is considered a crucial factor in achieving success for crypto asset investors.

在價格波動較大、獲利機會巨大的加密資產世界裡，減半日是人們翹首以待的時刻，被認為是加密資產投資者能否成功的關鍵因素。

The halving event is a highly anticipated moment because it is expected to push Bitcoin prices up. This is caused by a decrease in Bitcoin supply following the halving, resulting in a perception of Bitcoin scarcity and potentially a positive driver for Bitcoin prices.

減半事件是一個備受期待的時刻，因為預計它將推高比特幣價格。這是由於減半後比特幣供應減少造成的，導致人們認為比特幣稀缺，並可能對比特幣價格產生積極推動作用。

What is Halving Day?

什麼是減半日？

Halving day is the time when the reward block in a crypto protocol is reduced by half or 50 percent. This indicates that the number of new coins created as rewards for miners has halved.

減半日是指加密協議中獎勵區塊減少一半或 50% 的時間。這表明作為礦工獎勵而創造的新幣數量減少了一半。

Halving in the world of crypto assets involves halving the rewards earned by miners. The purpose of halving is to maintain the scarcity of a crypto asset, such as Bitcoin.

加密資產減半意味著礦工獲得的獎勵減半。減半的目的是維持比特幣等加密資產的稀缺性。

With the halving, the number of new coins entering circulation remains limited, which in turn is expected to encourage an increase in the value of the asset. Halving Bitcoin is a halving of mining rewards, with the aim of maintaining asset scarcity.

隨著減半，進入流通的新代幣數量仍然有限，這反過來又有望鼓勵資產價值的增加。比特幣減半就是挖礦獎勵減半，目的是維持資產稀缺性。

With the halving, the number of new Bitcoins entering circulation remains controlled, thereby increasing the potential for an increase in asset value. The main goal of halving is to regulate the supply of Bitcoin.

隨著減半，新進入流通的比特幣數量仍然受到控制，從而增加了資產價值成長的潛力。減半的主要目標是調節比特幣的供應。

By reducing the reward for mining new blocks, the rate of new Bitcoin production slows. This helps control inflation and maintain the stability of Bitcoin’s value.

透過減少開採新區塊的獎勵，新比特幣的生產速度會減慢。這有助於控制通貨膨脹並維持比特幣價值的穩定性。

History of Halving Day: How and When Did It Happen?

減半日的歷史：它是如何以及何時發生的？

Reducing rewards from mined blocks has been part of the plan since Satoshi Nakamoto, the mysterious creator of Bitcoin, published a white paper for this crypto asset on October 31, 2008.

自從比特幣的神秘創造者中本聰於 2008 年 10 月 31 日發布該加密資產的白皮書以來，減少開採區塊的獎勵一直是該計劃的一部分。

This white paper is a document that first introduced the concept of digital assets, which later became known as the crypto asset Bitcoin (BTC). Halving day in the world of crypto assets was first introduced by Bitcoin.

這份白皮書是首次介紹數位資產概念的文件，數位資產後來被稱為加密資產比特幣（BTC）。加密資產世界的減半日最早是由比特幣引入的。

On the first halving day that occurred in 2012, the reward for bitcoin miners was reduced to 25 bitcoins. Then, the reward was reduced to 12.5 bitcoin on the second halving day of 2016.

2012 年第一個減半日，比特幣礦工的獎勵減少至 25 個比特幣。然後，獎勵在2016年第二個減半日減少到12.5比特幣。

On the third halving day which occurred on May 11 2020, the reward for miners was reduced to 6.25 BTC. If we continue with the history of halvings then the next halving is expected to occur in 2024 with the reward for miners being 3,125 BTC.

2020 年 5 月 11 日第三個減半日，礦工的獎勵減少至 6.25 BTC。如果我們繼續回顧減半的歷史，那麼下一次減半預計將在 2024 年發生，礦工的獎勵為 3,125 BTC。

9 Things You Need to Do After the Bitcoin Halving

比特幣減半後你需要做的 9 件事

After the bitcoin halving, there are several things that traders and investors need to do, including the following:

比特幣減半後，交易者和投資者需要做幾件事，包括以下：

1. Convert to Bitcoin

1. 轉換為比特幣

After a halving occurs, Bitcoin prices tend to increase because the supply decreases. This is why investors and traders may be interested in buying Bitcoin before or after the halving event.

減半發生後，由於供應量減少，比特幣價格往往會上漲。這就是為什麼投資者和交易者可能有興趣在減半事件之前或之後購買比特幣。

If you don’t have Bitcoin yet then buying it before the price increase occurs could be a wise move.

如果您還沒有比特幣，那麼在價格上漲之前購買它可能是明智之舉。

2. Pay Attention to Trends

2.關注趨勢

Before and after the halving, Bitcoin prices may experience fluctuations. Historical data shows that Bitcoin prices tend to be lower before the halving and increase afterward.

減半前後，比特幣價格可能會出現波動。歷史數據顯示，比特幣價格往往在減半前走低，減半後上漲。

3. Study Technical Trends

3.研究技術趨勢

Technical factors, such as support and resistance, trends, and technical indicators, can influence Bitcoin price movements. You can deepen your understanding of these technical trends and use them to make better investment decisions.

技術因素，例如支撐位和阻力位、趨勢和技術指標，可以影響比特幣價格趨勢。您可以加深對這些技術趨勢的理解，並利用它們做出更好的投資決策。

4. Study Crypto Project Announcements

4. 研究加密項目公告

Bitcoin halving is an important event that can influence the market. However, apart from halving, there are also various other events that have the potential to influence the market, such as announcements regarding crypto projects.

比特幣減半是一個能夠影響市場的重要事件。然而，除了減半之外，還有各種其他事件有可能影響市場，例如有關加密貨幣項目的公告。

5. Pay Attention to Economic Conditions

5.關注經濟狀況

Economic conditions, including inflation, fluctuations in the price of goods, and low income levels, can impact the price of Bitcoin.

經濟狀況，包括通貨膨脹、商品價格波動和低收入水平，可能會影響比特幣的價格。

6. Study Economic Indicators

6.研究經濟指標

Economic indicators, such as GDP, GRDP, and Per Capita Income, can influence the price of Bitcoin. You can deepen your understanding of these economic indicators and use them to make better investment decisions.

GDP、GRDP 和人均收入等經濟指標可以影響比特幣的價格。您可以加深對這些經濟指標的理解，並利用它們做出更好的投資決策。

7. Study Market Trends

7.研究市場趨勢

Market movements, including trends in the stock, forex, and commodity markets, can have an impact on the price of Bitcoin. You can study market trends and utilize them in your investment decision-making process.

市場走勢，包括股票、外匯和大宗商品市場的趨勢，可能會對比特幣的價格產生影響。您可以研究市場趨勢並在投資決策過程中利用它們。

8. Study Global Market Trends

8.研究全球市場趨勢

Global market movements, such as trends in European, Asian and American markets, can influence Bitcoin prices. You can deepen your understanding of global market trends to help in making investment decisions.

全球市場趨勢，例如歐洲、亞洲和美洲市場的趨勢，可以影響比特幣價格。您可以加深對全球市場趨勢的了解，以協助做出投資決策。

9. Study Halving Trends

9. 研究減半趨勢

Halving changes, including Bitcoin halving, Ethereum halving, and other crypto asset halvings, can impact the price of Bitcoin. You can deepen your understanding of this halving trend and integrate it into your investment decision-making process.

減半變化，包括比特幣減半、以太幣減半和其他加密資產減半，可能會影響比特幣的價格。您可以加深對這一減半趨勢的理解，並將其融入您的投資決策過程中。

Economic Impact of the Halving on Bitcoin

減半對比特幣的經濟影響

Quoting the blockpit.io page, the economic impact of the Bitcoin halving is enormous, highlighting the deflationary design and its impact on market dynamics. Historically, halving events have often correlated with bullish trends in Bitcoin prices.

引用blockpit.io頁面的說法，比特幣減半的經濟影響是巨大的，凸顯了通縮設計及其對市場動態的影響。從歷史上看，減半事件通常與比特幣價格的看漲趨勢有關。

This pattern is primarily caused by a decrease in the rate of new Bitcoin creation, which causes supply to become more limited at a time when demand remains stable or increases.

這種模式主要是由於新比特幣創造速度的下降造成的，這導致在需求保持穩定或增加的情況下供應變得更加有限。

Such inadequacies could increase Bitcoin’s appeal as a digital store of value, compared to precious metals such as gold.

與黃金等貴金屬相比，這種缺陷可能會增加比特幣作為數位價值儲存手段的吸引力。

Additionally, anticipation and speculation surrounding these events often amplifies market activity and investor interest, further influencing price movements.

此外，圍繞這些事件的預期和猜測往往會放大市場活動和投資者興趣，進一步影響價格趨勢。

The cyclical interaction between halving events and market dynamics highlights the delicate balance between supply and demand in the Bitcoin economy, strengthening its position as an attractive investment vehicle in the broader financial landscape.

減半事件與市場動態之間的周期性交互作用凸顯了比特幣經濟中供需之間的微妙平衡，鞏固了其作為更廣泛的金融領域中有吸引力的投資工具的地位。

Halving Day Effects on Bitcoin Miners

減半日對比特幣礦工的影響

Quoting the time.com page, although determining the impact of the halving on the average Bitcoin investor is challenging, it seems certain that the halving will dramatically change the Bitcoin mining industry.

引用time.com的頁面，儘管確定減半對普通比特幣投資者的影響具有挑戰性，但似乎可以肯定的是，減半將極大地改變比特幣採礦業。

Bitcoin “miners” are essentially the guardians of the network, protecting the network from attacks, creating new Bitcoins, and earning financial rewards in return for their actions.

比特幣「礦工」本質上是網路的守護者，保護網路免受攻擊，創造新的比特幣，並透過他們的行為獲得經濟獎勵。

After the halving, the reward for miners for processing new transactions will be reduced from 6.25 Bitcoins to 3,125 (approximately $200,000)—an immediate, significant reduction in revenue.

減半後，礦工處理新交易的獎勵將從 6.25 個比特幣減少到 3,125 個比特幣（約 20 萬美元）——收入立即大幅減少。

As a result, mining will become unprofitable for many small operations. When they go out of business or sell themselves to large operations, such as Marathon Digital Holdings Inc. or CleanSpark Inc., the industry is likely to consolidate.

因此，對於許多小型企業來說，採礦將變得無利可圖。當他們倒閉或將自己出售給大型企業（例如 Marathon Digital Holdings Inc. 或 CleanSpark Inc.）時，該行業可能會進行整合。

“People are going to operate in a slightly profitable environment for as long as possible,” said Adam Sullivan, CEO of Bitcoin mining company Core Scientific. “Those are the people who will probably be looking to buy, probably in the 6 to 12 month time frame. ”

比特幣礦業公司 Core Scientific 執行長 Adam Sullivan 表示：“人們將盡可能長時間地在微利的環境中運作。” 「這些人可能會在 6 到 12 個月的時間內尋求購買。 」

However, Bitcoin mining companies that survive and gain market share from those that pull out could reap huge rewards, said Matthew Sigel, head of digital asset research at global investment manager VanEck.

然而，全球投資管理公司 VanEck 數位資產研究主管 Matthew Sigel 表示，倖存下來並從退出者手中獲得市場份額的比特幣礦業公司可能會獲得巨大回報。

“Miners have always been cockroaches in the energy market; they are very agile,” he said. “We think the second half of the year will be very strong for Bitcoin miners, as long as Bitcoin prices are on the rise.”

「礦工一直是能源市場上的蟑螂；他們非常敏捷，」他說。 “我們認為，只要比特幣價格上漲，下半年比特幣礦商的表現就會非常強勁。”

The Last Bitcoin Halving Event is Estimated to Occur Around 2140

最後一次比特幣減半事件預計將在 2140 年左右發生

Quoting the blockpit.io page, the last Bitcoin halving event is expected to occur around 2140, marking the end of new Bitcoin emissions with the mining of the 21,000,000th Bitcoin.

引用 blockpit.io 頁面的說法，最後一次比特幣減半事件預計將在 2140 年左右發生，隨著第 21,000,000 個比特幣的開採，標誌著新比特幣排放的結束。

The network will shift to relying entirely on transaction fees as an incentive for miners.

這個網路將轉向完全依賴交易費作為對礦工的激勵。

The long-term effects on Bitcoin’s price, security, and Bitcoin’s role in the global financial system remain the subject of speculation and depend on a variety of factors, including technological developments and broader economic conditions.

對比特幣價格、安全性以及比特幣在全球金融體系中的作用的長期影響仍然是猜測的主題，並取決於多種因素，包括技術發展和更廣泛的經濟狀況。

List of Other Crypto Assets that Implement the Halving System

其他實施減半制度的加密資產列表

Quoting the bitget.com page, apart from Bitcoin, there are several other crypto assets that also implement the halving system. The following is the complete list, including:

引用bitget.com頁面，除了比特幣之外，還有其他幾種加密資產也實現了減半系統。以下是完整列表，包括：

1. Litecoin Halving

1. 萊特幣減半

Created by Charlie Lee, a former Google engineer and Director of Engineering at Coinbase, in October 2011, Litecoin is often considered the “silver” to Bitcoin’s “gold.” It operates on a decentralized and open source global payment network.

萊特幣由前谷歌工程師兼 Coinbase 工程總監 Charlie Lee 於 2011 年 10 月創建，通常被認為是比特幣「黃金」的「白銀」。它在去中心化和開源的全球支付網路上運行。

Lee aims to overcome some of Bitcoin’s limitations, resulting in faster transaction confirmation times for Litecoin and making it more suitable for everyday transactions.

Lee 的目標是克服比特幣的一些限制，從而縮短萊特幣的交易確認時間，並使其更適合日常交易。

Litecoin halving, like Bitcoin halving, is a predetermined event where the block reward decreases approximately every four years or after every 840,000 blocks. This cycle is projected to continue until 2142.

萊特幣減半，就像比特幣減半一樣，是一個預先確定的事件，其中區塊獎勵大約每四年或每 840,000 個區塊後就會減少。這一週期預計將持續到 2142 年。

Although its impact on the market is less pronounced than Bitcoin, LTC typically experiences increased trading volume and price volatility leading up to a halving event.

儘管 LTC 對市場的影響不如比特幣那麼明顯，但 LTC 通常會經歷交易量增加和價格波動，從而導致減半事件。

2. Bitcoin Cash Halving

2. 比特幣現金減半

Bitcoin Cash emerged in August 2017 from a hard fork of the Bitcoin blockchain. Known for processing over 100 transactions per second due to its larger block size, BCH offers a decentralized currency system, with an emphasis on peer-to-peer electronic payments.

比特幣現金於 2017 年 8 月從比特幣區塊鏈的硬分叉中誕生。 BCH 由於其較大的區塊大小而以每秒處理超過 100 筆交易而聞名，它提供了一個去中心化的貨幣系統，重點是點對點電子支付。

Bitcoin Cash’s first halving occurred in April 2020. Contrary to expectations, BCH’s halving did not coincide with Bitcoin’s because it uses a different mining algorithm, resulting in an accelerated block mining rate and an earlier halving date.

比特幣現金第一次減半發生在2020年4月。 ，減半日期提前。

However, right after the halving event occurred, BCH experienced almost 2 hours of silence before the next block was mined. Although Bitcoin Cash is capable of handling around 116 transactions per second, this figure drops drastically to just 1.11 TPS.

然而，在減半事件發生後，BCH 在下一個區塊被開採之前經歷了近 2 個小時的沉寂。儘管比特幣現金每秒能夠處理約 116 筆交易，但這一數字急劇下降至僅 1.11 TPS。

This is because BCH uses the same mining mechanism as Bitcoin so miners can easily switch to other coins.

這是因為 BCH 使用與比特幣相同的挖礦機制，因此礦工可以輕鬆切換到其他貨幣。

This resulted in a large number of miners leaving the Bitcoin Cash network to seek better returns elsewhere.

這導致大量礦工離開比特幣現金網絡，去其他地方尋求更好的回報。

As a result, the mining difficulty level increases, making it less profitable for miners who continue to mine BCH tokens. Therefore, the upcoming BCH halving event could be very controversial.

結果，挖礦難度增加，使得繼續挖礦 BCH 代幣的礦工的利潤減少。因此，即將到來的BCH減半事件可能會引起很大爭議。

3. Bitcoin Vision Satoshi (Bitcoin SV) Halving

3. 比特幣願景中本聰（Bitcoin SV）減半

Bitcoin SV (BSV), originating from BCH, it was created in November 2018, by a group led by Craig Wright, who claims to be Satoshi Nakamoto.

比特幣SV（BSV）源自BCH，於2018年11月由自稱中本聰的Craig Wright領導的團隊創立。

BSV’s unlimited block size, reaching up to 4GB, enables low and stable transaction fees. This unlimited block size allows miners to choose the block size they want.

BSV 的區塊大小不受限制，最高可達 4GB，可實現低且穩定的交易費用。這種無限的區塊大小允許礦工選擇他們想要的區塊大小。

However, this flexibility carries the risk of centralization and vulnerability to attack, as was proven in an incident in October 2022 in which an unknown miner controlled more than 51% of the hash power.

然而，這種靈活性帶來了中心化和易受攻擊的風險，2022 年 10 月的一次事件證明了這一點，其中一名未知礦工控制了超過 51% 的算力。

4. Dash Halving

4. 達世幣減半

Dash is an open source crypto asset that emerged in 2014, forked from the Bitcoin protocol. It functions as a decentralized autonomous organization (DAO) and is managed by “masternodes” (powerful servers backed by collateral held in Dash, and designed to provide sophisticated services and governance on the blockchain).

達世幣是一種開源加密資產，於 2014 年出現，從比特幣協議中分叉出來。它作為一個去中心化自治組織 (DAO) 運作，並由「主節點」（由達世幣持有的抵押品支援的強大伺服器，旨在在區塊鏈上提供複雜的服務和治理）管理。

In contrast to the sudden halvings of other crypto assets, Dash experienced a gradual decline of approximately 7.14% approximately every 383.25 days.

與其他加密資產突然減半相比，達世幣大約每 383.25 天就會經歷約 7.14% 的逐漸下跌。

5. Zcash Halving

5.Zcash 減半

Developed by experts from MIT and Johns Hopkins, Zcash stands out for its privacy technology, which offers confidential transactions. Zcash has a unique reward allocation.

Zcash 由麻省理工學院和約翰霍普金斯大學的專家開發，因其提供保密交易的隱私技術而脫穎而出。 Zcash 有獨特的獎勵分配。

When it launched, Zcash established a reward allocation plan called Founder’s Reward (FR) to fund Zcash development. According to the reward plan, 80% (5 ZEC) of the mining rewards will go to the miners, while 20% will be distributed among the founders and investors of Electric Coin Company.

Zcash 推出時，制定了一項名為創始人獎勵（FR）的獎勵分配計劃，為 Zcash 的發展提供資金。根據獎勵計劃，挖礦獎勵的80%（5 ZEC）將分配給礦工，20%將分配給Electric Coin Company的創始人和投資者。

After the FR ends, the community votes and agrees that miners will receive 80% of the mining rewards.

FR結束後，社區投票同意礦工獲得80%的挖礦獎勵。

The remaining 20% will be split between grants to fund independent third-party developers (8%), Electric Coin Co (7%), and the Zcash Foundation (5%), which helps sustain miners mining ZEC.

剩下的 20% 將分配給獨立第三方開發人員 (8%)、Electric Coin Co (7%) 和 Zcash 基金會 (5%)，以協助維持礦工開採 ZEC。

Conclusion

結論

In conclusion, halving days are important events in the Bitcoin ecosystem because they have a major impact on the supply and demand of this asset.

總之，減半日是比特幣生態系統中的重要事件，因為它們對該資產的供需產生重大影響。

By halving rewards for miners, halving days limit the supply of new Bitcoins entering the market.

透過將礦工的獎勵減半，減半天數限制了進入市場的新比特幣的供應。

That in turn could lead to an increase in Bitcoin’s value. Historically, halving days are often associated with an upward trend in Bitcoin prices.

這反過來可能會導致比特幣價值上漲。從歷史上看，減半日通常與比特幣價格的上漲趨勢有關。

Furthermore, for all crypto market players, a good understanding of halving day events is very important.

此外，對於所有加密貨幣市場參與者來說，充分了解減半日事件非常重要。

In this case, Bitcoin investors, traders and users need to understand how the halving day affects market dynamics and how they can exploit it to their advantage.

在這種情況下，比特幣投資者、交易者和用戶需要了解減半日如何影響市場動態，以及如何利用它來發揮自己的優勢。

By paying attention to these events and carefully analyzing their impact, market players will hopefully be able to make better investment decisions and optimize their results in the dynamic crypto market.

透過關注這些事件並仔細分析其影響，市場參與者將有望在動態的加密貨幣市場中做出更好的投資決策並優化其結果。

Buy Bitcoin on INDODAX

在 INDODAX 上購買比特幣

So, now you understand what a Bitcoin halving day is, from history to what to do after Bitcoin halving day.

那麼，現在您了解了什麼是比特幣減半日，從歷史到比特幣減半日後該做什麼。

Next, if you are interested in buying bitcoin then you can buy it at INDODAX. Before buying bitcoin on INDODAX, you can check the price first and make a purchase on the INDODAX Market.

接下來，如果您有興趣購買比特幣，那麼您可以在 INDODAX 購買。在 INDODAX 上購買比特幣之前，您可以先查看價格並在 INDODAX 市場上購買。

For your information, INDODAX is the best crypto buying and selling platform and is a pioneer in trading crypto assets in Indonesia.

供您參考，INDODAX 是最好的加密貨幣買賣平台，也是印尼加密資產交易的先驅。

INDODAX is also committed to always providing easy access for investors to the crypto asset market.

INDODAX 也致力於始終為投資者提供進入加密資產市場的便捷通道。

Furthermore, as a disclaimer, it needs to be emphasized again that, like other types of investment, crypto asset investment is not free from risk.

此外，作為免責聲明，需要再次強調的是，與其他類型的投資一樣，加密資產投資並非沒有風險。

This is because the asset value fluctuates and the level of volatility is high. Therefore, it is highly recommended to do research first before investing in crypto assets.

這是因為資產價值波動且波動程度較高。因此，強烈建議在投資加密資產之前先進行研究。

So, let’s start investing in your crypto assets now only on INDODAX!

那麼，讓我們現在就開始在 INDODAX 上投資您的加密資產吧！