由於符文炒作失敗，比特幣礦工收入減半後暴跌

比特幣減半事件對礦工收入產生了重大影響。雖然區塊獎勵減少了一半，但由於 Runes 協議的發布，交易費用卻飆升，該協議提供了一種在比特幣區塊鏈上鑄造可替代代幣的方法。這導致礦工收入激增，但此後對符文的興趣逐漸減弱，交易費用也隨之減弱。因此，比特幣挖礦收入現已回落至 5,000 萬美元，僅為先前 1 億美元高峰的一半。

Bitcoin Halving Aftermath: Miner Revenues Dip as Runes Hype Subsides

比特幣減半後果：隨著符文炒作的消退，礦工收入下降

In the aftermath of the highly anticipated Bitcoin halving, miner revenues have experienced a significant downturn as interest in the newly introduced Runes protocol wanes.

在備受期待的比特幣減半之後，隨著人們對新推出的符文協議的興趣減弱，礦工收入經歷了大幅下滑。

Halvings are scheduled events embedded in the Bitcoin blockchain that reduce the block rewards received by miners by half every four years. The recent halving, the fourth of its kind, occurred a few days ago, marking a major milestone in the cryptocurrency's history.

減半是嵌入比特幣區塊鏈中的預定事件，每四年將礦工獲得的區塊獎勵減少一半。最近的減半是幾天前發生的第四次減半，標誌著加密貨幣歷史上的一個重要里程碑。

Typically, halvings can have a detrimental impact on miner revenues as their primary income source, block rewards, undergoes a substantial decline. However, following the latest halving, miner revenues surged to a record $100 million, defying expectations.

通常情況下，減半可能會對礦工收入產生不利影響，因為他們的主要收入來源——區塊獎勵——會大幅下降。然而，在最近一次減半之後，礦商收入飆升至創紀錄的 1 億美元，超出了預期。

This unexpected surge was attributed to a simultaneous increase in transaction fees, the miners' secondary revenue stream. The surge in transaction fees was fueled by the launch of the Runes protocol on Halving Day.

這種意外的激增歸因於交易費的同時增加，交易費是礦工的第二收入來源。減半日 Runes 協議的推出推動了交易費用的飆升。

Runes is a novel protocol that enables the creation of fungible tokens (tokens that are indistinguishable from each other) on the Bitcoin blockchain. The protocol gained immense popularity upon release, leading to a surge in network usage and, consequently, transaction fees.

Runes 是一種新穎的協議，可以在比特幣區塊鏈上創建可替代代幣（彼此無法區分的代幣）。該協議一發布就獲得了廣泛的歡迎，導致網路使用量激增，從而導致交易費用激增。

Data from the on-chain analytics firm CryptoQuant indicates a dramatic spike in transaction fees coinciding with the launch of Runes. However, the chart also reveals a subsequent cooling-off period, suggesting that the initial enthusiasm surrounding Runes has subsided.

鏈上分析公司 CryptoQuant 的數據表明，隨著 Runes 的推出，交易費用急劇上升。然而，該圖表也顯示了隨後的冷靜期，顯示最初圍繞符文的熱情已經消退。

As interest in Runes waned, Bitcoin mining revenues, which had reached unprecedented heights post-halving, have plummeted. Miner revenue has now dropped to $50 million, half of the $100 million peak.

隨著人們對符文的興趣減弱，比特幣挖礦收入在減半後達到了前所未有的高度，但也大幅下降。礦工收入現已降至 5,000 萬美元，僅為最高 1 億美元的一半。

This decline highlights the fragility of miner revenues, which are heavily dependent on both block rewards and transaction fees. The temporary boost provided by Runes has now dissipated, leaving miners facing increasing financial pressure.

這種下降凸顯了礦工收入的脆弱性，這些收入嚴重依賴區塊獎勵和交易費用。符文提供的暫時提振現已消散，讓礦工面臨越來越大的財務壓力。

At the time of writing, Bitcoin is trading at around $63,900, down over 1% in the past seven days. The price action reflects the overall market sentiment, which remains cautious amidst the ongoing regulatory uncertainty and geopolitical tensions.

截至撰寫本文時，比特幣交易價格約為 63,900 美元，過去 7 天下跌超過 1%。價格走勢反映了整體市場情緒，在持續的監管不確定性和地緣政治緊張局勢中，市場情緒仍然保持謹慎。

As Bitcoin navigates these challenges, the future of miner revenues remains uncertain. The halving has reduced block rewards by half, while the volatility of transaction fees makes it difficult for miners to predict their income. The long-term impact of Runes on the Bitcoin ecosystem is yet to be determined, and it remains to be seen whether it can provide a sustainable revenue stream for miners.

當比特幣應對這些挑戰時，礦工收入的未來仍然不確定。減半使區塊獎勵減少了一半，而交易費用的波動使礦工很難預測他們的收入。 Runes 對比特幣生態系統的長期影響尚待確定，它是否能為礦工提供可持續的收入來源還有待觀察。