BTC區塊獎勵礦工希望川普的第二個總統任期能提供更順暢的獲利之路

在川普前一天晚上擊敗對手卡馬拉·哈里斯後，公開上市的比特幣挖礦營運商的股價週三飆升。

BTC block reward miners are hoping that Donald Trump’s second presidential term will pave the way for them to finally achieve profitability, thanks to cheaper electricity, friendlier environmental rules and good old-fashioned patriotism.

比特幣區塊獎勵礦工希望唐納德·川普的第二個總統任期將為他們最終實現盈利鋪平道路，這要歸功於更便宜的電力、更友好的環境規則和良好的老式愛國主義。

The share prices of publicly listed BTC mining operators soared on Wednesday following Trump’s electoral victory over opponent Kamala Harris the night before. Some prominent miners saw their shares jump 20-30% in a single day, fuelled by the perception that Trump will lift the constraints that have kept their operations in the red.

在川普前一天晚上擊敗對手卡馬拉·哈里斯後，公開上市的比特幣挖礦營運商的股價週三飆升。一些知名礦商的股價單日上漲 20-30%，因為人們認為川普將解除導致其營運虧損的限制。

In June, top execs from those same mining companies met with Trump at his Mar-a-Lago estate in Florida for a 90-minute chat. Trump had likely never heard of block reward mining before that meeting but was reportedly very intrigued by the execs’ claims that if America didn’t let miners do as they pleased, the business of securing BTC network transactions would be left to those godless Chinese communists.

6 月，這些礦業公司的高層在川普位於佛羅裡達州的海湖莊園會見了川普，進行了 90 分鐘的對話。在那次會議之前，川普可能從未聽說過區塊獎勵挖礦，但據報道，他對高層的說法非常感興趣，即如果美國不讓礦工為所欲為，那麼保護BTC 網路交易的業務將留給那些無神論的中國共產黨人。

The miners’ pitch also included their participation in the ‘crypto’ sector’s pledge to raise over $100 million and turn out five million voters for Trump’s election campaign. The pitch appeared to work, as mere hours after that meeting, Trump posted on his Truth Social platform about wanting “all the remaining [BTC] to be MADE IN THE USA!!!”

礦工們的宣傳還包括參與「加密貨幣」產業，承諾籌集超過 1 億美元，並為川普的競選活動提供 500 萬選民。這次宣傳似乎起到了作用，因為在那次會議後僅僅幾個小時，川普就在他的 Truth Social 平台上發文稱，希望“所有剩餘的 [BTC] 都在美國製造！！！”

One month later, at a private fundraiser on the fringes of the BTC Nashville conference, mining execs from Riot Platforms, Marathon, CleanSpark and others reportedly paid $500,000 apiece to bend Trump’s ear. The next day, Trump publicly declared his support for miners, acknowledging their insatiable electricity demands by referencing America’s abundant oil supplies and pledging that “with low energy costs, America will become the world’s undisputed [BTC] mining powerhouse.”

一個月後，在 BTC 納許維爾會議期間舉行的一場私人籌款活動上，據報道，來自 Riot Platforms、Marathon、CleanSpark 等公司的礦業高管每人支付了 50 萬美元，以討好川普。第二天，川普公開宣布支持礦工，透過提及美國豐富的石油供應來承認他們無法滿足的電力需求，並承諾「憑藉低廉的能源成本，美國將成為世界無可爭議的[BTC]挖礦強國。

Trump cross-referenced miners’ electricity demands with those of AI data centers—which many miners have begun ‘pivoting’ toward because it’s more profitable than minting new BTC. Trump promised that “we’ll be having power plants built at the sites. We’ll be releasing people from certain ridiculous requirements, and we’ll be using fossil fuel to make electricity because we’re going to have to. We’ll be using nuclear.”

川普將礦工的電力需求與人工智慧資料中心的電力需求進行了交叉引用——許多礦工已經開始「轉向」人工智慧資料中心，因為它比鑄造新的比特幣更有利可圖。川普承諾「我們將在這些地點建造發電廠。我們將使人們擺脫某些荒謬的要求，我們將使用化石燃料發電，因為我們必須這麼做。我們將使用核能。

But now that he’s in office—and is constitutionally barred from seeking a third term in 2028—will Trump follow through on his mining pledges? Trump is notoriously transactional in his relationships and has a well-documented history of not honoring his debts to contractors once they’ve done the work they were hired to do.

但既然他已經就任，而且憲法禁止他在 2028 年尋求第三次連任，川普會兌現他的採礦承諾嗎？川普在人際關係中的交易性是出了名的，並且在承包商完成受僱工作後不履行其債務的歷史記錄在案。

Trump himself told the Nashville audience that, after being told how many people were involved in crypto, his campaign team told him, “let’s be nice to them, at least until after the election.” Any miners expecting a payoff here should probably give generously to Trump’s inaugural committee/slush fund, just to be sure.

川普本人告訴納許維爾的觀眾，在被告知有多少人參與加密貨幣後，他的競選團隊告訴他，“讓我們對他們好一點，至少在大選之後。”為了保險起見，任何希望在這裡獲得回報的礦工都應該向川普的就職委員會/行賄基金慷慨解囊。

There’s no question that the mining economy currently involves pushing rocks uphill (financially speaking). This week, BTC mining difficulty jumped over 6%, pushing it over the 100 trillion mark for the first time. The seven-day moving average also hit a new record of 755.5 EH/s last week and shows no sign of letting up.

毫無疑問，目前的採礦經濟涉及推石上山（從財務角度來說）。本週，BTC挖礦難度躍升超過6%，首次突破100兆大關。 7日移動平均線上周也創下了755.5 EH/s的新紀錄，並且沒有減弱的跡象。

The unprecedented difficulty adjustments will put further pressure on smaller mining operators and/or those whose fleets are equipped with less modern (and thus less capable) rigs. The consolidation wave that has swept over this sector in the past couple of years will only increase as this Darwinian struggle weeds out the weaklings.

前所未有的難度調整將為規模較小的採礦業者和/或其車隊配備較不現代化（因此能力較差）鑽機的採礦業者帶來進一步的壓力。過去幾年席捲該行業的整合浪潮只會隨著達爾文主義鬥爭淘汰弱者而加劇。

In the meantime, here are the October performances by some of the most prominent publicly-traded BTC miners, in descending order of magnitude in BTC production:

同時，以下是一些最著名的公開交易 BTC 礦商 10 月份的表現，按 BTC 產量的降序排列：

It remains to be seen what impact (if any) Trump’s return to the White House might have on a new U.S. Treasury/Defense Department final rule on “certain real estate transactions by foreign persons near more than 60 military bases and installations across 30 states.”

川普重返白宮可能會對美國財政部/國防部關於「外國人在30 多個州60 多個軍事基地和設施附近進行某些房地產交易的新最終規則」產生什麼影響（如果有的話）還有待觀察。

The rule follows the federal government shutting down a mining operation near the Warren Air Force Base near Cheyenne, Wyoming earlier this year due to national security concerns. That operation was run by Chinese-owned MineOne and, given recent incidents of Chinese espionage on U.S. soil, it was thought that the miners’ location a mere mile away from a nuclear missile base was more than a little iffy.

此前，聯邦政府出於國家安全考慮，今年稍早關閉了懷俄明州夏延附近沃倫空軍基地附近的採礦作業。該礦場由中國企業 MineOne 運營，考慮到最近中國在美國領土上發生的間諜活動，人們認為礦工所在的位置距離核彈基地僅一英里，非常可疑。

While most U.S. mining sites are run by U.S. operators, Bitdeer calls Singapore home. Bitdeer has sites in three U.S. states, but none are within the new rule’s exclusion zones. However, the new rules will limit Bitdeer’s freedom to plunk a new installation anywhere near any site the U.S. military deems sensitive.

雖然大多數美國礦場均由美國營運商經營，但 Bitdeer 將新加坡視為自己的家。 Bitdeer 在美國三個州設有站點，但均不在新規則的禁區內。然而，新規定將限制 Bitdeer 在美國軍方認為敏感的任何地點附近安裝新設施的自由。

However, since most U.S. operators employ mining gear manufactured outside America, the language in that MineOne shutdown order could prove problematic. The Committee on Foreign Investment in the United States (

然而，由於大多數美國營運商都使用美國境外製造的採礦設備，MineOne 關閉命令中的措辭可能會出現問題。美國外國投資委員會（