面對市場挑戰，比特幣礦商在減半前增加持有量

在備受期待的減半事件發生之前，比特幣礦商正在積極出售其持有的 BTC，3 月底的每日銷售量達到 1,600 多個比特幣。這種激進的拋售是由即將到來的區塊獎勵調整推動的，這將使礦工的收入減少高達 10%。然而，減半也為礦工提供了鞏固地位的機會，因為獎勵的減少可能會導致活躍礦工數量的減少。

Bitcoin Miners Ramp Up Sales Ahead of Halving, Facing Challenges Amidst Falling Transaction Fees

比特幣礦商在減半前增加銷售，面臨交易費用下降的挑戰

The Bitcoin mining industry is experiencing significant shifts in the lead-up to the highly anticipated halving event, scheduled for April 2024. Miners, who play a crucial role in securing the Bitcoin network, have reportedly increased their Bitcoin sales in anticipation of the halving, which will result in a reduction of block rewards from 6.25 to 3.125 Bitcoin (BTC) per block.

在計劃於2024 年4 月舉行的備受期待的減半事件之前，比特幣採礦業正在經歷重大轉變。據報道，在保護比特幣網路安全方面發揮著關鍵作用的礦工在預期減半的情況下增加了比特幣銷量，這將導致區塊獎勵從每個區塊 6.25 比特幣 (BTC) 減少到 3.125 比特幣 (BTC)。

Data indicates that daily Bitcoin sales have surged from an average of 100 BTC to a peak of 1,600 BTC in late March, the highest level since August 2023. This increase in sales is primarily driven by the upcoming halving, which will witness a significant drop in mining rewards. The halving event is designed to control Bitcoin's inflation rate and maintain its scarcity, ensuring the long-term stability of the network.

數據顯示，比特幣日銷量已從平均100 BTC 飆升至3 月下旬的峰值1,600 BTC，為2023 年8 月以來的最高水平。這一銷量增長主要是由即將到來的減半推動，減半將導致比特幣數量大幅下降。挖礦獎勵。這次減半事件旨在控制比特幣的通膨率並維持其稀缺性，確保網路的長期穩定。

However, Bitcoin miners face additional challenges that have impacted their profitability. The recent decline in transaction fees, coupled with the increasing cost of mining equipment, has put a strain on the industry. The halving event is expected to further exacerbate these challenges, as miners may face reduced incomes and profitability.

然而，比特幣礦商面臨著影響其獲利能力的額外挑戰。最近交易費用的下降，加上採礦設備成本的增加，給該行業帶來了壓力。減半事件預計將進一步加劇這些挑戰，因為礦商可能面臨收入和獲利能力下降。

The drop in transaction fees is attributed to the growing competition among miners to secure block rewards and the increasing hashrate of the Bitcoin network. The hashrate, a measure of the collective computational power utilized for mining, has reached an unprecedented high of 600 H/s, indicating a highly competitive environment for miners.

交易費用的下降歸因於礦工之間為獲得區塊獎勵而日益激烈的競爭以及比特幣網路的哈希率不斷增加。算力（用於衡量挖礦所用集體運算能力的指標）已達到前所未有的高點 600 H/s，這表明礦工面臨高度競爭的環境。

Despite the challenges, Bitcoin miners remain committed to their operations, as evidenced by the continuous increase in hashrate. The increased hashrate ensures the security and stability of the Bitcoin network, which is essential for maintaining its credibility and value.

儘管面臨挑戰，比特幣礦工仍致力於其運營，哈希率的持續成長證明了這一點。算力的增加確保了比特幣網路的安全性和穩定性，這對於維持其可信度和價值至關重要。

The upcoming halving event marks a critical juncture for Bitcoin miners. Unlike previous halving events, this one is expected to have a more pronounced impact on miner rewards, particularly in terms of the US dollar value. The decrease in rewards, coupled with the prevailing profitability challenges, is likely to lead to a "culling" of miners from the network, with an anticipated reduction of 3-7% after the halving.

即將到來的減半事件標誌著比特幣礦工的關鍵時刻。與先前的減半事件不同，這次減半預計將對礦工獎勵產生更顯著的影響，特別是在美元價值方面。獎勵的減少，加上普遍存在的盈利挑戰，可能會導致礦工從網絡中被“淘汰”，預計減半後獎勵將減少 3-7%。

However, the growing adoption of Bitcoin Exchange-Traded Funds (ETFs) is providing some optimism for the industry. ETFs offer institutional and retail investors an opportunity to participate in Bitcoin's price movements without directly owning the cryptocurrency. The influx of institutional funds and investors through ETFs could help stabilize demand for Bitcoin and mitigate the potential negative impact of the halving on miner profitability.

然而，比特幣交易所交易基金（ETF）的日益普及為該行業帶來了一些樂觀。 ETF 為機構和散戶投資者提供了參與比特幣價格變動的機會，而無需直接擁有加密貨幣。機構資金和投資者透過 ETF 湧入可能有助於穩定比特幣需求，並減輕減半對礦商獲利能力的潛在負面影響。

As the Bitcoin ecosystem navigates the upcoming halving event, the dynamics of the mining industry, transaction fees, and market structure are being closely monitored. The outcome of these changes will have significant implications for Bitcoin's long-term stability and viability, shaping the future trajectory of the cryptocurrency and the decentralized financial landscape.

隨著比特幣生態系統應對即將到來的減半事件，採礦業的動態、交易費用和市場結構正在密切監控。這些變化的結果將對比特幣的長期穩定性和生存能力產生重大影響，從而塑造加密貨幣和去中心化金融格局的未來軌跡。