到2025年3月底，比特幣哈希拉特達到8.5億次/s

BlockChain.com的數據證實，到2025年3月底，到2025年3月底，比特幣哈希拉特達到了8.5億TH/s。這個歷史最高的高度表明，越來越多的礦工正在加入網絡。

Yerevan - Bitcoin hashrate reached 850 million TH/s by the end of March 2025, data from Blockchain.com confirmed. This all-time high shows that more miners are joining the network. It also indicates that the network is becoming more secure and harder to disrupt.

Yerevan -BlockChain.com的數據證實，到2025年3月底，比特幣哈希拉特（Bitcoin Hashrate）達到了8.5億TH/s。這個歷史最高的高度表明，越來越多的礦工正在加入網絡。這也表明該網絡變得越來越安全，更難破壞。

The increase in Bitcoin hashrate reflects rising mining activity. However, mining companies are now under pressure due to higher electricity rates and hardware costs. The sharp rise in Bitcoin mining costs is affecting both small and large players.

比特幣哈希酸鹽的增加反映了採礦活動的上升。但是，由於電力率和硬件成本較高，採礦公司現在正處於壓力下。比特幣採礦成本的急劇上升正在影響大小球員。

As the network gets stronger, Bitcoin becomes harder to attack, harder to ignore, and more justified in commanding a higher valuation. This isn’t just code. It’s economic gravity, said Thomas Jeegers, CFO and COO of Relai.

隨著網絡變得越來越強，比特幣變得更難攻擊，難以忽視，並且更有正當的估值。這不僅僅是代碼。 Relai的首席財務官和首席運營官Thomas Jeegers說，這是經濟重力。

Bitcoin mining costs double since early 2024

比特幣開采的成本自2024年初以來兩倍

According to Macromicro, Bitcoin mining costs rose to $88,000 per coin in 2025. This is almost double the amount miners paid in early 2024. The primary causes are high electricity prices and expensive ASIC machines.

根據Macromicro的數據，比特幣開採成本上漲至2025年每枚硬幣88,000美元。這幾乎是礦工在2024年初支付的金額的兩倍。主要原因是高電價和昂貴的ASIC機器。

Even though Bitcoin hashrate went up, miner profits did not increase at the same rate. Rising Bitcoin mining costs are putting pressure on margins. Smaller mining operations are struggling the most because they cannot buy electricity at lower bulk rates.

即使比特幣哈希雷特上升，礦工的利潤也沒有以相同的速度增加。比特幣採礦成本上升給利潤率施加壓力。較小的採礦業務最為掙扎，因為他們無法以較低的體積價格購買電力。

As energy markets remain volatile, the rising Bitcoin mining costs may continue to affect miners’ break-even levels. Companies must maintain high efficiency to stay profitable.

隨著能源市場的波動，比特幣採礦成本上升可能會繼續影響礦工的收支平衡水平。公司必須保持高效率才能保持盈利。

US miners face pressure from ASIC tariffs on Bitmain miners

美國礦工面臨對Bitmain礦工的ASIC關稅的壓力

US-based miners are also dealing with tariffs on mining hardware. ASIC tariffs on imports from China have been in place since 2018. These tariffs go up to 27.6%, according to SCMP.

美國的礦工還正在處理有關採礦硬件的關稅。自2018年以來，從中國進口的ASIC關稅就已經達到了。根據SCMP的數據，這些關稅高達27.6％。

Most mining machines come from Chinese firm Bitmain. Data from CoinMetrics shows that Bitmain miners account for 59% to 76% of Bitcoin hashrate. Popular models include the Antminer S19 and Antminer S21.

大多數採礦機來自中國公司。共同攻擊技術的數據表明，Bitmain礦工佔比特幣哈希酯的59％至76％。受歡迎的模型包括Antminer S19和Antminer S21。

In early 2025, tighter customs checks and new trade measures delayed the delivery of Bitmain miners to US mining companies. ASIC tariffs are pushing up hardware prices and causing supply issues.

在2025年初，更嚴格的海關檢查和新的貿易措施推遲了Bitmain礦工向美國採礦公司的交付。 ASIC關稅正在推高硬件價格並引起供應問題。

With Bitmain accounting for a majority of Bitcoin’s network hashrate, reliance on a single manufacturer, despite having distributed supply chains, presents a potential risk, said CoinMetrics.

Coinmetrics說，儘管Bitmain佔比特幣網絡的大部分哈希雷特，但依賴單個製造商，儘管有分佈式供應鏈，但仍有潛在的風險。

Hut 8 and Trump family form American Bitcoin Corp

小屋8和特朗普家庭組成美國比特幣公司

In March 2025, Hut 8 Corp. partnered with Eric Trump and Donald Trump Jr. to launch American Bitcoin Corp. The company plans to build a large Bitcoin reserve and operate as a major US mining firm.

2025年3月，Hut 8 Corp.與埃里克·特朗普（Eric Trump）和小唐納德·特朗普（Donald Trump Jr.）合作，啟動了美國比特幣公司（American Bitcoin Corp.

The entry of a new player with capital access adds to the competition. However,ASIC tariffs and rising Bitcoin mining costs remain a challenge for all firms operating in the US.

具有資本訪問的新玩家的進入增加了比賽。但是，對於在美國運營的所有公司，ASIC關稅和比特幣礦業成本上升仍然是一個挑戰。

As Bitcoin hashrate keeps increasing, operational efficiency and hardware access will be crucial for Bitcoin miners facing these pressures.

隨著比特幣哈希拉特的不斷提高，操作效率和硬件訪問對於面臨這些壓力的比特幣礦工至關重要。