減半後比特幣交易費用暴跌

比特幣交易費用最近飆升至前所未有的水平，然後又回落至 12 月的水平。費用激增受到 Runes（一種在比特幣上創建硬幣的協議）的推出以及減少礦工獎勵的減半事件的影響。費用帶來的意外收入短暫超過了比特幣的區塊補貼，這引發了人們對隨著比特幣進入第五階段礦工的此類收入的可持續性的質疑。

Bitcoin Transaction Fees Plummet After Halving Frenzy

比特幣減半狂潮後交易費用暴跌

In an unprecedented surge, Bitcoin transaction fees skyrocketed to an all-time high this weekend, exceeding $127 on average. The surge was fueled by a confluence of events: the much-anticipated Bitcoin halving, which reduced mining rewards by 50%, and the launch of Runes, a new protocol for creating fungible coins on Bitcoin.

本週末，比特幣交易費用史無前例地飆升至歷史新高，平均超過 127 美元。這一激增是由一系列事件推動的：備受期待的比特幣減半，挖礦獎勵減少了 50%，以及 Runes 的推出，這是一種在比特幣上創建可替代硬幣的新協議。

The halving event, which occurs every four years, reduces the issuance of new Bitcoins, ostensibly increasing its scarcity and value. Concurrently, Runes attracted a surge of crypto enthusiasts eager to mint tokens, resulting in a spike in Bitcoin transactions and a corresponding increase in fees.

每四年發生一次的減半事件減少了新比特幣的發行量，表面上增加了其稀缺性和價值。同時，符文吸引了大批渴望鑄造代幣的加密貨幣愛好者，導致比特幣交易量激增，費用也隨之增加。

Data from Blockchain.com reveals that the average Bitcoin transaction fee reached a record high of $127 on Friday, driven by a few exceptionally costly transactions. Notably, one user paid a staggering $510,000 in fees to be included in the first Bitcoin block after the halving.

Blockchain.com 的數據顯示，在一些異常昂貴的交易的推動下，週五比特幣平均交易費用達到 127 美元的歷史新高。值得注意的是，一名用戶支付了驚人的 51 萬美元費用，以納入減半後的第一個比特幣區塊。

The surge in fees was temporary, however. By Sunday, the average Bitcoin transaction fee had plummeted by 74% to $34, returning to levels last seen in December. This decline is attributed to a reduction in network congestion as the initial frenzy surrounding Runes subsided.

然而，費用激增是暫時的。截至週日，比特幣平均交易費用已暴跌 74% 至 34 美元，回到 12 月的水平。這種下降歸因於隨著最初圍繞符文的狂熱消退，網路擁塞減少。

Despite the halving, miners' rewards from transaction fees have reached unprecedented heights. According to data from 21Shares, transaction fees accounted for a whopping 75% of miners' earnings on Saturday, temporarily eclipsing the block subsidy reward.

儘管減半，礦工從交易費中獲得的回報達到了前所未有的高度。根據 21Shares 的數據，週六交易費用佔礦工收入的比例高達 75%，暫時超過了區塊補貼獎勵。

While the post-halving windfall for miners may have been short-lived, its significance cannot be overlooked. The reduced block subsidy may incentivize miners to seek alternative sources of revenue, including transaction fees.

雖然減半後礦工的意外之財可能是短暫的，但其意義卻不容忽視。減少的區塊補貼可能會激勵礦工尋求其他收入來源，包括交易費。

As Bitcoin enters its fifth epoch, the relationship between block subsidies and transaction fees is likely to evolve. Miners may increasingly rely on fees to supplement their income, potentially influencing the long-term trajectory of Bitcoin's transaction costs.

隨著比特幣進入第五個時代，區塊補貼和交易費用之間的關係可能​​會改變。礦工可能越來越依賴費用來補充收入，這可能會影響比特幣交易成本的長期軌跡。

As the digital asset landscape continues to evolve, it remains to be seen whether Bitcoin's latest brush with high fees is an isolated incident or a harbinger of a new revenue model for miners in the post-halving era.

隨著數位資產格局的不斷發展，比特幣最新的高額手續費刷單究竟是一次孤立事件，還是減半後礦工新收入模式的預兆，還有待觀察。