減半後交易費用飆升，比特幣礦工賺取利潤

在最近的比特幣減半期間，由於網路費用的增加，礦工的收入激增。在圍繞 meme 代幣鑄造的投機活動（例如由 Runes 協議實現的代幣）的推動下，當前礦工收入與減半前的水平相比增加了兩倍。儘管這些代幣的發行具有投機性質，但 Bernstein 預計礦工收入的 15% 將來自持續的網路交易費用，這凸顯了開發者對比特幣的興趣以及礦工持續收入流的潛力。

Bitcoin Miners Reap Windfall from Surge in Transaction Fees Post-Halving: Bernstein Analysis

伯恩斯坦分析：比特幣礦工從減半後交易費用激增中獲得意外之財

[April 22, 2024, 11:51 UTC] - Bitcoin miners have witnessed a remarkable surge in their earnings following the cryptocurrency's recent block reward halving, according to a comprehensive report published by brokerage firm Bernstein. The unexpected spike in network fees has catapulted total miner revenue to approximately three times its pre-halving level, driving the earnings to unprecedented heights.

[世界標準時間 2024 年 4 月 22 日 11:51] - 根據經紀公司 Bernstein 發布的一份綜合報告，隨著加密貨幣最近的區塊獎勵減半，比特幣礦工的收入顯著飆升。網路費用的意外飆升使礦工總收入猛增至減半前水平的約三倍，將收入推向前所未有的高度。

The halving event, which occurs quadrennially and reduces the issuance rate of new bitcoins, transpired on Friday evening. However, a surge in speculative activity, predominantly involving the minting of novel meme tokens following the launch of the Runes protocol, has propelled network fees to record highs.

減半事件每四年發生一次，並降低了新比特幣的發行率，發生在周五晚上。然而，投機活動激增，主要涉及 Runes 協議推出後鑄造新穎的 meme 代幣，已將網路費用推至歷史新高。

Analysts Gautam Chhugani and Mahika Sapra attribute the surge in transaction fees to the speculative fervor surrounding the minting of new tokens on the Bitcoin blockchain. Runes, a protocol designed to facilitate the etching and minting of tokens on the chain, has sparked a frenzy among retail traders seeking to capitalize on the potential rewards.

分析師 Gautam Chhugani 和 Mahika Sapra 將交易費用的飆升歸因於圍繞比特幣區塊鏈上新代幣鑄造的投機熱情。 Runes 是一種旨在促進鏈上代幣蝕刻和鑄造的協議，它在尋求利用潛在回報的散戶交易者中引發了狂熱。

Bernstein's analysis reveals that current miner revenue stands at approximately 22 bitcoins per block, a significant increase from the 7 bitcoins earned before the halving event. Daily revenue has surpassed $100 million, with an astonishing $80 million derived from transaction fees, a deviation from the expected norm.

Bernstein 的分析顯示，目前礦工的收入約為每個區塊 22 個比特幣，比減半事件之前賺取的 7 個比特幣顯著增加。每日收入已超過 1 億美元，其中交易費用的金額高達 8,000 萬美元，超出預期正常水準。

"Investors should exercise caution in extrapolating these fees into the future," cautioned the report's authors. "Nonetheless, the surge serves as an indicator of the burgeoning developer interest in the Bitcoin blockchain and underscores the considerable revenue potential for miners."

該報告的作者警告說：“投資者在將這些費用推算到未來時應謹慎行事。” “儘管如此，這種激增表明開發人員對比特幣區塊鏈的興趣日益濃厚，並突顯了礦工的巨大收入潛力。”

While the Runes token launches have predominantly comprised speculative meme tokens, Bernstein anticipates that the untapped potential of fungible tokens on the Bitcoin network remains vast. They note that decentralized tokens and utility tokens on the Ethereum network have already surpassed $200 billion in value.

雖然 Runes 代幣的發行主要包括投機性 meme 代幣，但 Bernstein 預計，比特幣網路上可替代代幣的未開發潛力仍然巨大。他們指出，以太坊網路上的去中心化代幣和實用代幣的價值已經超過 2000 億美元。

"We project that 15% of miner revenues will be derived from network transaction fees on a sustainable basis," the report states. "Given that speculative activity on blockchains can persist for periods ranging from 6 to 18 months, miners may continue to reap the benefits of this above-average windfall."

報告指出：“我們預計 15% 的礦工收入將持續來自網路交易費用。” “鑑於區塊鏈上的投機活動可能持續 6 至 18 個月，礦工可能會繼續從這種高於平均水平的意外之財中獲益。”

The report's findings provide valuable insights into the dynamic relationship between Bitcoin miners and the broader cryptocurrency ecosystem. The surge in transaction fees highlights the role of miners in securing the network and facilitating the transactions that underpin the entire ecosystem. As adoption grows and innovation flourishes, miners are poised to play an increasingly pivotal role in the growth and development of the Bitcoin protocol.

該報告的發現為比特幣礦工與更廣泛的加密貨幣生態系統之間的動態關係提供了寶貴的見解。交易費用的飆升凸顯了礦工在保護網路安全和促進支撐整個生態系統的交易方面的作用。隨著採用的成長和創新的蓬勃發展，礦工將在比特幣協議的成長和發展中發揮越來越關鍵的作用。