比特币减半推动采矿业可持续能源转型

即将到来的比特币减半可能会促进“更绿色”的采矿网络。随着区块奖励减少一半，矿业公司可能会寻求更便宜的能源。 BTC 挖矿中的可持续能源使用量一直在上升，自 2024 年 1 月以来，超过 54.5% 的能源消耗由可再生能源驱动。挖矿机制还激励效率、减少碳排放并推广可持续的区块确认方法。尽管禁止比特币挖矿，中国仍占全球算力的 15% 左右，主要依靠水力发电。据称，许多散户参与者亏本开采比特币，目的是通过加密货币将人民币兑换成美元。

Bitcoin Halving Catalyzes Sustainable Energy Shift in Mining Network

比特币减半促进采矿网络的可持续能源转变

As the highly anticipated Bitcoin halving event looms, industry experts anticipate a transformative shift towards sustainable energy sources within the Bitcoin mining network.

随着备受期待的比特币减半事件的临近，行业专家预计比特币挖矿网络将向可持续能源转型。

With the block reward set to be halved from 6.25 BTC to 3.125 BTC, coupled with a steadily increasing hash rate, the profitability of Bitcoin mining operations is poised to decline. This dynamic, according to Matteo Greco, research analyst at Fineqia International, will compel miners to explore strategies for enhancing capital efficiency.

随着区块奖励从 6.25 BTC 减半至 3.125 BTC，加上哈希率稳步上升，比特币挖矿业务的盈利能力势必下降。 Fineqia International 研究分析师 Matteo Greco 表示，这种动态将迫使矿商探索提高资本效率的策略。

"This compels mining companies to optimize capital efficiency and seek cheaper electricity sources, leading to an increasing use of renewable energy in BTC mining," Greco wrote.

Greco 写道：“这迫使矿业公司优化资本效率并寻求更便宜的电力来源，从而导致 BTC 矿业越来越多地使用可再生能源。”

Bitcoin has historically faced criticism for its elevated energy consumption and dependence on fossil fuels. However, recent data from the Bitcoin ESG Forecast, a research report by CH4 Capital's managing partner, Daniel Batten, indicates that over 54.5% of the Bitcoin network's energy usage was derived from renewable sources since January 2024.

比特币历来因其能源消耗增加和对化石燃料的依赖而受到批评。然而，CH4 Capital 管理合伙人 Daniel Batten 的研究报告《比特币 ESG 预测》的最新数据表明，自 2024 年 1 月以来，比特币网络超过 54.5% 的能源使用来自可再生能源。

Inherently, the mechanics of Bitcoin mining incentivize greater efficiency, which is believed to be a key factor driving the network's increasing sustainability.

从本质上讲，比特币挖矿机制会激励更高的效率，这被认为是推动网络不断增强可持续性的关键因素。

"The BTC mining rewards mechanism inherently drives greater efficiency with each step, enhancing network security, reducing carbon emissions, and promoting research into sustainable block confirmation methods," Greco added.

Greco 补充道：“BTC 挖矿奖励机制本质上可以提高每一步的效率，增强网络安全性，减少碳排放，并促进对可持续区块确认方法的研究。”

Notably, China, despite implementing a Bitcoin mining ban, remains a significant player in the global Bitcoin hash rate, contributing approximately 15% as of April 5, according to Batten's Bitcoin ESG Forecast.

值得注意的是，尽管实施了比特币挖矿禁令，但根据 Batten 的比特币 ESG 预测，中国仍然是全球比特币哈希率的重要参与者，截至 4 月 5 日贡献了约 15%。

"No off-grid coal-based mining occurs anymore. It’s too easy to spot, it competes for baseload energy and interferes with the central government’s emission targets. This has caused a significant reduction of the emission intensity of the Chinese mining post-ban," Batten said.

“离网煤矿开采不再出现了。它太容易被发现了，它会争夺基荷能源，干扰中央政府的排放目标。这导致中国采矿禁令后排放强度大幅下降， ”巴顿说道。

Presently, miners in mainland China primarily rely on hydroelectric power, which is particularly cost-effective during the rainy season in regions like Xi'an, Wuhan, Beijing, and Xining.

目前，中国大陆的矿工主要依靠水力发电，在西安、武汉、北京、西宁等地区的雨季期间，水力发电尤其划算。

Furthermore, Batten highlights the presence of a sizable number of retail participants engaging in Bitcoin mining at a loss, primarily as a means of circumventing the Chinese financial system.

此外，巴滕还强调，有相当多的零售参与者亏本从事比特币挖矿，主要是为了规避中国金融体系。

"They convert Chinese yuan for ASICS and electricity which creates BTC, which gets converted into USD. Many retail miners are happy to take the profitability hit simply to have a way to convert Yuan to USD," Batten said.

“他们将人民币兑换成 ASICS 和电力，从而创造出比特币，然后再兑换成美元。许多零售矿商乐于承受利润损失，只是为了有办法将人民币兑换成美元，”巴滕说。

As the Bitcoin halving event approaches, experts anticipate a surge in the adoption of sustainable energy sources within the Bitcoin mining network. This transition will not only enhance the environmental sustainability of Bitcoin but also ensure the long-term viability of the mining industry.

随着比特币减半事件的临近，专家预计比特币挖矿网络中可持续能源的采用将会激增。这一转变不仅将增强比特币的环境可持续性，还将确保采矿业的长期生存能力。