比特幣的網絡達到了一個新的里程碑，每秒的哈希速率超過1000個

這一新記錄表明，確保比特幣區塊鏈的計算能力大大增加。

Bitcoin’s network reached a new milestone, now boasting a hash rate of over 1,000 exahashes per second (1 Zetahash per second) according to data from Cloverpool. This new record marks a significant increase in the computational power securing Bitcoin’s blockchain.

根據Cloverpool的數據，比特幣的網絡達到了一個新的里程碑，現在擁有每秒超過1,000個Exahashes（每秒1 Zetahash）的哈希速率。這一新記錄標誌著確保比特幣區塊鏈的計算能力的顯著增加。

Record High Despite Financial Strain on Miners

儘管礦工的財務壓力很高，但記錄得很高

This growth in Bitcoin’s hash rate indicates a surge in mining participation and technological improvements in the industry. As of April, the hash reached one sextillion hashes per second. This provides more computing power to the network and contributes to its security.

比特幣哈希率的這種增長表明，採礦參與和行業的技術進步激增。截至4月，哈希每秒達到了四分之一的哈希。這為網絡提供了更多的計算能力，並有助於其安全性。

However, despite these advancements in network strength, Bitcoin miners are facing increasing financial strain. According to Newhedge, a blockchain analytics platform, the revenue of Bitcoin miners plummeted almost 40% year-over-year, shifting from $2 billion in March 2024 to $1.2 billion in March 2025. This is mainly due to the Bitcoin halving in April 2024, cutting block rewards from 6.25 to 3.125 BTC per block. This decrease has made transaction fees increasingly crucial for miners, yet low fees and empty blocks have put further strain on their operations.

但是，儘管網絡強度取得了這些進步，但比特幣礦工仍面臨日益增加的財務壓力。根據區塊鏈分析平台Newhedge的數據，比特幣礦工的收入跌至近40％同比，從2024年3月的20億美元轉移到2025年3月的12億美元。這主要是由於2024年4月的比特幣在2024年4月減少了，削減塊從6.25降低到3.125 btc btc btc btc btc btc btc。這種減少使交易費用對礦工越來越重要，但是低費用和空的塊使他們的運營進一步壓力。

Miner Sell-Offs Amid Struggles

在掙扎中銷售的礦工拋售

According to TheMinerMag, publicly traded mining companies sold over 40% of their own Bitcoin production in March 2025, the largest liquidation rate since October 2024. This is a shift from the post-halving accumulation strategy miners have favored in the past. The struggling hash price conditions and rising market competition led HIVE, Bitfarms, and Ionic Digital to sell more Bitcoin than they mined in the month of March.

根據Theminermag的說法，公開交易的礦業公司在2025年3月售出了自己的比特幣生產的40％以上，這是自2024年10月以來最大的清算率。這與礦工過去的備用後累積策略相比，礦工在過去曾受到青睞。掙扎的哈希價格狀況和市場競爭上升的競爭使Hive，Bitfarms和Ionic Digital銷售比3月份開採更多的比特幣。

The sell-off immediately affected Bitcoin’s market price, which recorded a 2.3% drop in March, following a larger 17.39% correction in February. The release of mining reserves to fund operations creates downward market pressure, which may worsen market conditions.

該拋售立即影響了比特幣的市場價格，該市場價格在2月份的17.39％的更正後，在3月下降了2.3％。釋放採礦儲備以資助運營會造成下降的市場壓力，這可能會使市場狀況惡化。

In addition to financial pressures, U.S.-based Bitcoin miners are contending with trade tariffs that could significantly affect their profitability. Tariffs on mining hardware, particularly those introduced under the Trump administration, have raised the cost of importing essential equipment. According to BullifyX, these tariffs could increase the cost of mining components, further squeezing miners’ profit margins.

除了財務壓力外，總部位於美國的比特幣礦工還與可能會嚴重影響其盈利能力的貿易關稅競爭。對採礦硬件的關稅，尤其是特朗普政府下引入的硬件，已經提高了進口基本設備的成本。根據Bullifyx的說法，這些關稅可能會增加採礦組件的成本，進一步擠壓礦工的利潤率。