比特币（BTC）算力接近历史最高水平，表明矿工相信网络最终会得到回报

链上数据显示，比特币挖矿算力最近已接近历史新高（ATH）。这对 BTC 可能意味着什么。

The Bitcoin mining hashrate has been surging in recent weeks, suggesting that miners are bullish on BTC despite the ongoing market downturn.

最近几周，比特币挖矿算力一直在飙升，这表明尽管市场持续低迷，矿商仍看好比特币。

Bitcoin Hashrate Close To ATH Despite Market Downturn

尽管市场低迷，比特币算力仍接近 ATH

The Bitcoin mining hashrate is a crucial metric that indicates the total computational power connected to the BTC blockchain network.

比特币挖矿哈希率是一个关键指标，表明连接到 BTC 区块链网络的总计算能力。

Miners on the PoW blockchain use their computing power to solve complex mathematical puzzles in order to validate transactions and add new blocks to the chain. The first miner to solve the puzzle receives a block reward, which currently consists of 6.25 BTC.

PoW 区块链上的矿工利用他们的计算能力来解决复杂的数学难题，以验证交易并向链中添加新区块。第一个解决该难题的矿工将获得区块奖励，目前为 6.25 BTC。

The total hashrate, however, does not work collectively. Instead, the miners compete against each other to be the first to solve the puzzle, using their own individual power.

然而，总算力并不能共同发挥作用。相反，矿工们利用自己的个人力量相互竞争，成为第一个解决难题的人。

But while there is no collective Bitcoin power, that doesn’t mean the total hashrate has no consequences or usefulness.

但是，虽然比特币没有集体力量，但这并不意味着总算力没有任何后果或用处。

For starters, the more computing power that’s connected to the network, the better is BTC’s security, especially if the new power is sufficiently decentralized.

首先，连接到网络的计算能力越多，BTC 的安全性就越好，特别是如果新的算力足够去中心化的话。

The indicator also serves as a way of determining the sentiment among the miners. When the value of the metric rises, it means new miners are joining the network and/or old ones are expanding their facilities. Such a trend suggests the miners believe BTC to be a profitable venture.

该指标还可以作为确定矿工情绪的一种方式。当该指标的值上升时，这意味着新的矿工正在加入网络和/或旧的矿工正在扩大其设施。这种趋势表明矿工们相信比特币是一项有利可图的投资。

On the other hand, a decline in the hashrate implies some of the validators have decided to unplug their mining rigs, potentially because they are no longer able to break even.

另一方面，哈希率的下降意味着一些验证者已决定拔掉他们的采矿设备，可能是因为他们不再能够实现收支平衡。

Now, here is a chart from Blockchain.com that shows the trend in the Bitcoin hashrate over the past year:

现在，这是来自 Blockchain.com 的图表，显示了过去一年比特币算力的趋势：

As is visible in the above graph, the Bitcoin mining hashrate hit a new ATH in mid-December, but the indicator then saw a晦涩 as BTC’s price itself fell. Miners receive their rewards in BTC, so the price of the cryptocurrency can be a factor in their revenue.

从上图中可以看出，比特币挖矿算力在 12 月中旬创下了新的 ATH，但随着 BTC 价格本身的下跌，该指标随后出现了晦暗的变化。矿工以比特币获得奖励，因此加密货币的价格可能是他们收入的一个因素。

However, while BTC has been yet to show any sufficient recovery, the indicator has reversed course and has arrived back near the ATH. The fact that the miners aren’t ready to rollback on their farms yet would suggest they believe the network will eventually pay off.

然而，尽管 BTC 尚未显示出足够的复苏，但该指标已经逆转并回到了 ATH 附近。事实上，矿工们还没有准备好回滚他们的农场，这表明他们相信网络最终会得到回报。

As mentioned before, the total hashrate can have some real consequences for the blockchain. One such result is on the network’s difficulty, a feature that controls how hard miners would find their task.

如前所述，总算力可能会对区块链产生一些实际影响。其中一个结果是网络的难度，这一功能控制着矿工发现任务的难度。

The BTC network aims to restrict how much block subsidy the miners receive within a given amount of time, so whenever the miners increase their computing power, it responds by upping its difficulty just enough to keep the pace of the miners the same as before.

BTC网络的目的是限制矿工在给定时间内获得的区块补贴的数量，因此每当矿工增加算力时，它就会通过提高难度来做出回应，以保持矿工的速度与以前相同。

Given that the minining hashrate is close to the ATH, it’s not surprising that the difficulty is also sitting at a new record.

鉴于挖矿算力接近 ATH，难度也创下新纪录也就不足为奇了。

BTC Price

比特币价格

At the moment, Bitcoin’s price is around $96,600, showing a 1% increase over the last seven days. The total cryptocurrency market cap stands at $4.3 trillion, with BTC’s dominance at 70%.

目前，比特币的价格约为 96,600 美元，过去 7 天上涨了 1%。加密货币总市值为 4.3 万亿美元，其中 BTC 占据 70% 的主导地位。