唐納德·特朗普總統在2024年的競選活動中說，他想要所有剩下的比特幣

唐納德·特朗普（Donald Trump）總統在2024年的競選活動中說，他希望所有剩下的比特幣，大約有115萬輛中的2100萬個供應

The Trump administration's decision to impose reciprocal tariffs on a wide range of goods from U.S. trading partners may have been a surprising move, but it could have serious implications for bitcoin miners operating in the U.S. As a result of these tariffs, which are set to take effect on April 9, miners will be forced to pay a hefty price to import machines from countries like Vietnam, Thailand, and Malaysia, ranging from 24% to 46% of the original value.

The Trump administration's decision to impose reciprocal tariffs on a wide range of goods from US trading partners may have been a surprising move, but it could have serious implications for bitcoin miners operating in the US As a result of these tariffs, which are set to take effect on April 9, miners will be forced to pay a hefty price to import machines from countries like Vietnam, Thailand, and Malaysia, ranging from 24% to 46% of the original 價值。

This news comes at a particularly bad time for miners, who are already struggling with the fallout from the recent market downturn. Hashprice, a term used to assess mining profitability, or the amount of bitcoin earned from a unit of energy, continues to set all-time lows as competition rises, but the payoff in terms of new bitcoin is lower than ever before. At current prices, which are up 37% over the past 12 months and in the $84,000 range, miners are still profitably producing bitcoin and they are not in danger of having to liquidate further assets to pay off debt or massively subsidize operations.

對於礦工來說，這個消息正處於一個特別糟糕的時期，他們已經在最近的市場下滑中掙扎。 HashPrice是用於評估採礦盈利能力的術語，或者從一個能源單位獲得的比特幣數量，隨著競爭的增長而繼續設定歷史最低點，但是關於新比特幣的收益低於以往。在過去的12個月中，目前的價格上漲了37％，在84,000美元的範圍內，礦工仍在有利可圖地生產比特幣，而且他們不得不清算更多資產以還清債務或大量補貼運營。

These dire economic circumstances leave American miners in a difficult position. According to multiple sources, they comprise about 40% of the total global hashrate, or mining power, on the Bitcoin (CRYPTO: BTC) network. If they want to keep pace with the global network, they will need to import machines and pay the tariffs, or leave them unplugged in Asian warehouses.

這些可怕的經濟環境使美國礦工處於困難。根據多個來源，它們約佔比特幣（加密：BTC）網絡上全球橋樑或採礦能力的40％。如果他們想與全球網絡保持同步，他們將需要進口機器並支付關稅，或者將它們放在亞洲倉庫中。

“I’m seeing a lot of confusion from everybody, even at the highest levels. No one really knows what’s going on,” says Taras Kulyk, CEO of Synteq Digital, an official distributor for Bitmain (BTC: BITMAIN), the world’s largest bitcoin miner manufacturer. “No one really understands what — for the lack of a better term — ‘strategy’ is being implemented right now. It seems like chaos, not even controlled or organized chaos. No 5D chess anymore. It just seems like complete, ridiculous chaos.”

“我也看到每個人的困惑，即使是最高水平也很困惑。沒人真正知道發生了什麼，” Bitmain（BTC：Bitmain）的正式分銷商Synteq Digital的首席執行官Taras Kulyk說。 “沒有人真正理解什麼 - 因為缺乏更好的術語 - 目前正在實施'策略'。看來是混亂，甚至沒有受控或有組織的混亂。沒有5D國際象棋。這似乎是完整，荒謬的混亂。”

If there is any silver lining for bitcoin miners, it is that overcoming a number of challenges in recent years has strengthened them. After being given a gift from the Chinese government in May 2021, when it kicked all miners out of the country, leading to a 42% drop in hashrate, bitcoin miners have faced an onslaught of challenges.

如果比特幣礦工有任何一線希望，那就是克服近年來的許多挑戰可以加強它們。在2021年5月從中國政府贈送禮物之後，當它把所有礦工趕出了全國，導致哈希拉特下降了42％，比特幣礦工面臨著面臨的挑戰。

The first came from a suite of bitcoin-proxy substitutes that suddenly became competitors for investor dollars. Notably, Strategy (NASDAQ:MAGA), formerly known as MicroStrategy (NASDAQ:MSTR), has become a spirit animal for the bitcoin industry with its bitcoin accumulation strategy. The company currently owns 528,185 bitcoin, worth $44.8 billion, and is sitting on a paper gain of $9 billion. Its stock more than quadrupled in 2024. A rash of copycat firms like Semler Scientific (NASDAQ:SEML), Metaplanet (NASDAQ:MPLAN) and Genius Group (NYSE:GENI) have all followed suit.

第一個來自一套比特幣 - 普羅克西替代品，這些替代品突然成為投資者美元的競爭對手。值得注意的是，戰略（NASDAQ：MAGA）以前稱為MicroStrategy（NASDAQ：MSTR），已通過其比特幣積累策略成為比特幣行業的精神動物。該公司目前擁有528,185個比特幣，價值448億美元，並以90億美元的紙質收益。它的股票在2024年的股票超過三倍。諸如Semler Scientific（NASDAQ：SEML），Metaplanet（NASDAQ：MPLAN）和GENIUS GROUP（NYSE：GENI）等模仿公司眾多的庫存公司都伴隨著。

And they are able to fund most of these purchases through at-the-market stock offerings or zero-coupon convertible debt, meaning that investors are lending billions of dollars at zero interest to these companies so that they can buy bitcoin right now. This stands in stark relief to bitcoin miners who have to pay massive upfront costs to purchase miners, power generation, facilities, and address various overhead costs. All for a payoff that needs to be projected out 12-24 months in the future.

他們能夠通過在市場上的股票產品或零企業轉換債務來資助這些購買的大多數，這意味著投資者以零利息向這些公司貸款數十億美元，以便他們現在可以購買比特幣。這對比特幣礦工感到明顯地緩解，他們必須支付巨額前期費用才能購買礦工，發電，設施，並解決各種間接費用。所有這些都需要預計將來需要12-24個月。

Moreover, many miners had to sell newly minted bitcoin and bitcoin held on their balance sheet during the bear market of 2022 and early 2023 to maintain operations. This means that they were unable to reap the subsequent gains in bitcoin's jump above $100,000 for those tokens.

此外，許多礦工不得不在2022年和2023年初在資產負債表上銷售新近鑄造的比特幣和比特幣，以維持運營。這意味著他們無法為那些代幣超過100,000美元的比特幣跳高收益。

The second hit came from the launch of spot bitcoin ETFs in January, led by the likes of BlackRock (NYSE:BLK) and Fidelity, which have accumulated more than $100 billion worth of bitcoin themselves. All of this meant that public bitcoin mining stocks suddenly had competition for investors who wanted exposure to bitcoin, as well as leveraged or high-beta exposure, after operating as an oligopoly for years.

第二次命中來自1月份的現貨比特幣ETF，由貝萊德（NYSE：BLK）和富達（Fidelity）等人帶領，他們本身積累了價值超過1000億美元的比特幣。所有這些都意味著，公共比特幣採礦股突然引起了想要接觸比特幣以及槓桿或高苦煙的投資者的競爭，多年以來。

The final blow came in April with the introduction of Trump's reciprocal tariffs. In response to tariffs imposed by U.S. trading partners, the administration announced plans to impose tariffs of 25% on a range of goods from those countries, including textiles, furniture, and chemical products. The tariffs are set to take effect on April 9, but could be postponed by 90 days if the trading partners agree to eliminate their tariffs.

最後的打擊是在四月份引入了特朗普的互惠關稅。為了應對美國貿易合作夥伴徵收的關稅，政府宣布計劃對這些國家（包括紡織品，家具和化學產品）的一系列商品徵收25％的關稅。關稅定於4月9日生效，但如果貿易夥伴同意消除關稅，則可能會在90天內推遲。

However, the tariffs will also apply to goods that are not covered by the original tariffs, such as machinery and equipment used by bitcoin miners. This means that miners

但是，關稅還將適用於原始關稅不涵蓋的商品，例如比特幣礦工使用的機械和設備。這意味著礦工