老化的比特币矿机会在国外找到第二次生命吗？

随着比特币区块奖励减半的临近，矿业公司面临着越来越大的压力，需要降低电力成本以维持盈利能力。由于电费高昂，S19 系列等较旧的矿机在美国运营的利润越来越低。因此，许多矿工正在将这些机器迁移到电力更便宜的地区，主要是非洲和南美洲。预计减半后，二手S19机型的销量将进一步下降，一些买家等待以更低的价格购买。

Will Old Bitcoin Mining Rigs Find New Life Overseas?

旧的比特币矿机会在海外找到新的生命吗？

As electricity costs soar, bitcoin mining companies are scrambling to cut costs. For some, that means sending their older machines overseas.

随着电费飙升，比特币挖矿公司纷纷削减成本。对于一些人来说，这意味着将他们的旧机器送到海外。

Africa and South America: New Havens for Bitcoin Miners?

非洲和南美洲：比特币矿工的新避风港？

According to industry experts, an estimated 600,000 S19 series computers, which currently dominate the mining landscape, are being shipped out of the US, primarily to Africa and South America. The allure lies in the significantly lower power costs in these regions.

据行业专家称，估计有 60 万台 S19 系列计算机正在从美国运出，主要运往非洲和南美洲，这些计算机目前在采矿领域占据主导地位。其吸引力在于这些地区的电力成本显着降低。

Halving Looms: Time to Upgrade or Relocate?

织机减半：是时候升级或搬迁了？

With the upcoming halving of bitcoin rewards, the pressure is on miners to upgrade to more efficient machines. The halving, which occurs every four years, will reduce the reward for mining a block from 6.25 bitcoin to 3.125 bitcoin.

随着比特币奖励即将减半，矿工面临着升级到更高效机器的压力。每四年发生一次的减半将使开采一个区块的奖励从 6.25 比特币减少到 3.125 比特币。

Used Machines: A Bargain for International Buyers?

二手机器：对于国际买家来说是划算的选择吗？

The halving has prompted a sell-off of older mining rigs, with prices plummeting. Buyers are flocking to these machines, anticipating that they can still generate profits in regions with cheaper electricity.

减半促使旧矿机遭到抛售，价格暴跌。买家纷纷涌向这些机器，期望它们仍然可以在电力更便宜的地区产生利润。

US Miners: Reluctant to Sell or Relocate?

美国矿商：不愿出售或搬迁？

Some US-based miners are opting to hold onto their older machines rather than sell them at a loss. Others are exploring the option of relocating their operations to regions with lower electricity costs.

一些美国矿商选择保留旧机器，而不是亏本出售。其他公司正在探索将业务转移到电力成本较低的地区的选择。

Hosting Fees: A Critical Factor

托管费用：一个关键因素

For miners who lack their own facilities, hosting fees play a significant role in profitability. In Ethiopia, for example, hosting fees are around 5 US cents per kilowatt-hour, compared to 7 US cents in the US. This two-cent difference can make a substantial impact on margins.

对于缺乏自己设施的矿工来说，托管费对盈利能力起着重要作用。例如，在埃塞俄比亚，托管费约为每千瓦时 5 美分，而美国为 7 美分。这两美分的差异会对利润率产生重大影响。

Ethiopia: A Rising Star in Digital Mining

埃塞俄比亚：数字采矿领域的后起之秀

Ethiopia has emerged as a popular destination for bitcoin miners due to its abundant and affordable hydropower. The government has also relaxed regulations on crypto mining, making it an attractive investment destination.

埃塞俄比亚因其丰富且负担得起的水力发电而成为比特币矿工的热门目的地。政府还放宽了对加密货币挖矿的监管，使其成为有吸引力的投资目的地。

Chinese Miners Flock to Ethiopia

中国矿工涌向埃塞俄比亚

Chinese bitcoin miners, facing regulatory crackdowns at home, are increasingly relocating their operations to Ethiopia. The country's favorable electricity rates and government support are major incentives.

面临国内监管打压的中国比特币矿商越来越多地将业务转移到埃塞俄比亚。该国优惠的电价和政府支持是主要的激励因素。

Publicly Traded Miners: Balancing Risk and Profit

公开交易的矿工：平衡风险和利润

Publicly traded bitcoin mining companies face unique challenges in relocating their operations overseas. Shareholders' risk aversion and logistical concerns can make it difficult to move machines abroad.

公开交易的比特币矿业公司在将业务迁往海外方面面临着独特的挑战。股东的风险规避和物流问题可能导致机器难以运往国外。

Big Bucks for New Hardware

花大钱购买新硬件

In anticipation of the halving, major bitcoin mining companies have invested heavily in new hardware. Since February 2023, they have ordered over US$1 billion worth of machines.

由于预计减半，主要的比特币挖矿公司已投入巨资购买新硬件。自 2023 年 2 月以来，他们已订购了价值超过 10 亿美元的机器。

Fundraising Spree: Miners Seek Cash

筹款热潮：矿工寻求现金

To finance their expansion plans, five of the largest bitcoin miners have raised over US$2.7 billion through stock offerings in the past two years. This trend has continued in 2023, with an additional US$840 million raised so far.

为了为其扩张计划提供资金，五家最大的比特币矿商在过去两年中通过股票发行筹集了超过 27 亿美元的资金。这一趋势在 2023 年得以延续，迄今为止已筹集了 8.4 亿美元。