比特币减半：对投资者、矿工和市场动态的影响

减半日是加密资产领域的一个关键事件，人们对此抱有极大的兴趣，因为它标志着矿工的区块奖励大幅减少。新币供应的减少被认为会对比特币价格产生积极影响，使其成为投资者考虑的关键因素。从历史上看，减半天数与价格上涨趋势相关，这凸显了了解这些事件及其对成功投资策略的潜在影响的重要性。

Every four years, crypto asset investors witness an important event called bitcoin halving day.

每四年，加密资产投资者都会见证一个被称为比特币减半日的重要事件。

In the world of crypto assets which is often filled with large price fluctuations and great opportunities for profit, halving day is a moment that is eagerly awaited and is considered a crucial factor in achieving success for crypto asset investors.

在价格波动较大、获利机会巨大的加密资产世界里，减半日是人们翘首以待的时刻，被认为是加密资产投资者能否成功的关键因素。

The halving event is a highly anticipated moment because it is expected to push Bitcoin prices up. This is caused by a decrease in Bitcoin supply following the halving, resulting in a perception of Bitcoin scarcity and potentially a positive driver for Bitcoin prices.

减半事件是一个备受期待的时刻，因为预计它将推高比特币价格。这是由于减半后比特币供应减少造成的，导致人们认为比特币稀缺，并可能对比特币价格产生积极推动作用。

What is Halving Day?

什么是减半日？

Halving day is the time when the reward block in a crypto protocol is reduced by half or 50 percent. This indicates that the number of new coins created as rewards for miners has halved.

减半日是指加密协议中奖励区块减少一半或 50% 的时间。这表明作为矿工奖励而创造的新币数量减少了一半。

Halving in the world of crypto assets involves halving the rewards earned by miners. The purpose of halving is to maintain the scarcity of a crypto asset, such as Bitcoin.

加密资产减半意味着矿工获得的奖励减半。减半的目的是维持比特币等加密资产的稀缺性。

With the halving, the number of new coins entering circulation remains limited, which in turn is expected to encourage an increase in the value of the asset. Halving Bitcoin is a halving of mining rewards, with the aim of maintaining asset scarcity.

随着减半，进入流通的新代币数量仍然有限，这反过来又有望鼓励资产价值的增加。比特币减半就是挖矿奖励减半，目的是维持资产稀缺性。

With the halving, the number of new Bitcoins entering circulation remains controlled, thereby increasing the potential for an increase in asset value. The main goal of halving is to regulate the supply of Bitcoin.

随着减半，新进入流通的比特币数量仍然受到控制，从而增加了资产价值增长的潜力。减半的主要目标是调节比特币的供应。

By reducing the reward for mining new blocks, the rate of new Bitcoin production slows. This helps control inflation and maintain the stability of Bitcoin’s value.

通过减少开采新区块的奖励，新比特币的生产速度会减慢。这有助于控制通货膨胀并保持比特币价值的稳定性。

History of Halving Day: How and When Did It Happen?

减半日的历史：它是如何以及何时发生的？

Reducing rewards from mined blocks has been part of the plan since Satoshi Nakamoto, the mysterious creator of Bitcoin, published a white paper for this crypto asset on October 31, 2008.

自比特币的神秘创造者中本聪于 2008 年 10 月 31 日发布该加密资产的白皮书以来，减少开采区块的奖励一直是该计划的一部分。

This white paper is a document that first introduced the concept of digital assets, which later became known as the crypto asset Bitcoin (BTC). Halving day in the world of crypto assets was first introduced by Bitcoin.

这份白皮书是首次介绍数字资产概念的文件，数字资产后来被称为加密资产比特币（BTC）。加密资产世界的减半日最早是由比特币引入的。

On the first halving day that occurred in 2012, the reward for bitcoin miners was reduced to 25 bitcoins. Then, the reward was reduced to 12.5 bitcoin on the second halving day of 2016.

2012 年第一个减半日，比特币矿工的奖励减少至 25 个比特币。然后，奖励在2016年第二个减半日减少到12.5比特币。

On the third halving day which occurred on May 11 2020, the reward for miners was reduced to 6.25 BTC. If we continue with the history of halvings then the next halving is expected to occur in 2024 with the reward for miners being 3,125 BTC.

2020 年 5 月 11 日第三个减半日，矿工的奖励减少至 6.25 BTC。如果我们继续回顾减半的历史，那么下一次减半预计将在 2024 年发生，矿工的奖励为 3,125 BTC。

9 Things You Need to Do After the Bitcoin Halving

比特币减半后你需要做的 9 件事

After the bitcoin halving, there are several things that traders and investors need to do, including the following:

比特币减半后，交易者和投资者需要做几件事，包括以下内容：

1. Convert to Bitcoin

1. 转换为比特币

After a halving occurs, Bitcoin prices tend to increase because the supply decreases. This is why investors and traders may be interested in buying Bitcoin before or after the halving event.

减半发生后，由于供应量减少，比特币价格往往会上涨。这就是为什么投资者和交易者可能有兴趣在减半事件之前或之后购买比特币。

If you don’t have Bitcoin yet then buying it before the price increase occurs could be a wise move.

如果您还没有比特币，那么在价格上涨之前购买它可能是明智之举。

2. Pay Attention to Trends

2.关注趋势

Before and after the halving, Bitcoin prices may experience fluctuations. Historical data shows that Bitcoin prices tend to be lower before the halving and increase afterward.

减半前后，比特币价格可能会出现波动。历史数据显示，比特币价格往往在减半前走低，减半后上涨。

3. Study Technical Trends

3.研究技术趋势

Technical factors, such as support and resistance, trends, and technical indicators, can influence Bitcoin price movements. You can deepen your understanding of these technical trends and use them to make better investment decisions.

技术因素，例如支撑位和阻力位、趋势和技术指标，可以影响比特币价格走势。您可以加深对这些技术趋势的理解，并利用它们做出更好的投资决策。

4. Study Crypto Project Announcements

4. 研究加密项目公告

Bitcoin halving is an important event that can influence the market. However, apart from halving, there are also various other events that have the potential to influence the market, such as announcements regarding crypto projects.

比特币减半是一个能够影响市场的重要事件。然而，除了减半之外，还有各种其他事件有可能影响市场，例如有关加密货币项目的公告。

5. Pay Attention to Economic Conditions

5、关注经济状况

Economic conditions, including inflation, fluctuations in the price of goods, and low income levels, can impact the price of Bitcoin.

经济状况，包括通货膨胀、商品价格波动和低收入水平，可能会影响比特币的价格。

6. Study Economic Indicators

6.研究经济指标

Economic indicators, such as GDP, GRDP, and Per Capita Income, can influence the price of Bitcoin. You can deepen your understanding of these economic indicators and use them to make better investment decisions.

GDP、GRDP 和人均收入等经济指标可以影响比特币的价格。您可以加深对这些经济指标的理解，并利用它们做出更好的投资决策。

7. Study Market Trends

7.研究市场趋势

Market movements, including trends in the stock, forex, and commodity markets, can have an impact on the price of Bitcoin. You can study market trends and utilize them in your investment decision-making process.

市场走势，包括股票、外汇和大宗商品市场的趋势，可能会对比特币的价格产生影响。您可以研究市场趋势并在投资决策过程中利用它们。

8. Study Global Market Trends

8.研究全球市场趋势

Global market movements, such as trends in European, Asian and American markets, can influence Bitcoin prices. You can deepen your understanding of global market trends to help in making investment decisions.

全球市场走势，例如欧洲、亚洲和美洲市场的趋势，可以影响比特币价格。您可以加深对全球市场趋势的了解，以帮助做出投资决策。

9. Study Halving Trends

9. 研究减半趋势

Halving changes, including Bitcoin halving, Ethereum halving, and other crypto asset halvings, can impact the price of Bitcoin. You can deepen your understanding of this halving trend and integrate it into your investment decision-making process.

减半变化，包括比特币减半、以太坊减半和其他加密资产减半，可能会影响比特币的价格。您可以加深对这一减半趋势的理解，并将其融入到您的投资决策过程中。

Economic Impact of the Halving on Bitcoin

减半对比特币的经济影响

Quoting the blockpit.io page, the economic impact of the Bitcoin halving is enormous, highlighting the deflationary design and its impact on market dynamics. Historically, halving events have often correlated with bullish trends in Bitcoin prices.

引用blockpit.io页面的说法，比特币减半的经济影响是巨大的，凸显了通缩设计及其对市场动态的影响。从历史上看，减半事件通常与比特币价格的看涨趋势相关。

This pattern is primarily caused by a decrease in the rate of new Bitcoin creation, which causes supply to become more limited at a time when demand remains stable or increases.

这种模式主要是由于新比特币创造速度的下降造成的，这导致在需求保持稳定或增加的情况下供应变得更加有限。

Such inadequacies could increase Bitcoin’s appeal as a digital store of value, compared to precious metals such as gold.

与黄金等贵金属相比，这种缺陷可能会增加比特币作为数字价值储存手段的吸引力。

Additionally, anticipation and speculation surrounding these events often amplifies market activity and investor interest, further influencing price movements.

此外，围绕这些事件的预期和猜测往往会放大市场活动和投资者兴趣，进一步影响价格走势。

The cyclical interaction between halving events and market dynamics highlights the delicate balance between supply and demand in the Bitcoin economy, strengthening its position as an attractive investment vehicle in the broader financial landscape.

减半事件与市场动态之间的周期性相互作用凸显了比特币经济中供需之间的微妙平衡，巩固了其作为更广泛的金融领域中有吸引力的投资工具的地位。

Halving Day Effects on Bitcoin Miners

减半日对比特币矿工的影响

Quoting the time.com page, although determining the impact of the halving on the average Bitcoin investor is challenging, it seems certain that the halving will dramatically change the Bitcoin mining industry.

引用time.com的页面，尽管确定减半对普通比特币投资者的影响具有挑战性，但似乎可以肯定的是，减半将极大地改变比特币采矿业。

Bitcoin “miners” are essentially the guardians of the network, protecting the network from attacks, creating new Bitcoins, and earning financial rewards in return for their actions.

比特币“矿工”本质上是网络的守护者，保护网络免受攻击，创造新的比特币，并通过他们的行为获得经济奖励。

After the halving, the reward for miners for processing new transactions will be reduced from 6.25 Bitcoins to 3,125 (approximately $200,000)—an immediate, significant reduction in revenue.

减半后，矿工处理新交易的奖励将从 6.25 个比特币减少到 3,125 个比特币（约 20 万美元）——收入立即大幅减少。

As a result, mining will become unprofitable for many small operations. When they go out of business or sell themselves to large operations, such as Marathon Digital Holdings Inc. or CleanSpark Inc., the industry is likely to consolidate.

因此，对于许多小型企业来说，采矿将变得无利可图。当他们倒闭或将自己出售给大型企业（例如 Marathon Digital Holdings Inc. 或 CleanSpark Inc.）时，该行业可能会进行整合。

“People are going to operate in a slightly profitable environment for as long as possible,” said Adam Sullivan, CEO of Bitcoin mining company Core Scientific. “Those are the people who will probably be looking to buy, probably in the 6 to 12 month time frame. ”

比特币矿业公司 Core Scientific 首席执行官 Adam Sullivan 表示：“人们将尽可能长时间地在微利的环境中运营。” “这些人可能会在 6 到 12 个月的时间内寻求购买。 ”

However, Bitcoin mining companies that survive and gain market share from those that pull out could reap huge rewards, said Matthew Sigel, head of digital asset research at global investment manager VanEck.

然而，全球投资管理公司 VanEck 数字资产研究主管马修·西格尔 (Matthew Sigel) 表示，幸存下来并从退出者手中获得市场份额的比特币矿业公司可能会获得巨大回报。

“Miners have always been cockroaches in the energy market; they are very agile,” he said. “We think the second half of the year will be very strong for Bitcoin miners, as long as Bitcoin prices are on the rise.”

“矿工一直是能源市场上的蟑螂；他们非常敏捷，”他说。 “我们认为，只要比特币价格上涨，下半年比特币矿商的表现就会非常强劲。”

The Last Bitcoin Halving Event is Estimated to Occur Around 2140

最后一次比特币减半事件预计将在 2140 年左右发生

Quoting the blockpit.io page, the last Bitcoin halving event is expected to occur around 2140, marking the end of new Bitcoin emissions with the mining of the 21,000,000th Bitcoin.

援引 blockpit.io 页面的说法，最后一次比特币减半事件预计将在 2140 年左右发生，随着第 21,000,000 个比特币的开采，标志着新比特币排放的结束。

The network will shift to relying entirely on transaction fees as an incentive for miners.

该网络将转向完全依赖交易费作为对矿工的激励。

The long-term effects on Bitcoin’s price, security, and Bitcoin’s role in the global financial system remain the subject of speculation and depend on a variety of factors, including technological developments and broader economic conditions.

对比特币价格、安全性以及比特币在全球金融体系中的作用的长期影响仍然是猜测的主题，并取决于多种因素，包括技术发展和更广泛的经济状况。

List of Other Crypto Assets that Implement the Halving System

其他实施减半制度的加密资产列表

Quoting the bitget.com page, apart from Bitcoin, there are several other crypto assets that also implement the halving system. The following is the complete list, including:

引用bitget.com页面，除了比特币之外，还有其他几种加密资产也实现了减半系统。以下是完整列表，包括：

1. Litecoin Halving

1. 莱特币减半

Created by Charlie Lee, a former Google engineer and Director of Engineering at Coinbase, in October 2011, Litecoin is often considered the “silver” to Bitcoin’s “gold.” It operates on a decentralized and open source global payment network.

莱特币由前谷歌工程师兼 Coinbase 工程总监 Charlie Lee 于 2011 年 10 月创建，通常被认为是比特币“黄金”的“白银”。它在去中心化和开源的全球支付网络上运行。

Lee aims to overcome some of Bitcoin’s limitations, resulting in faster transaction confirmation times for Litecoin and making it more suitable for everyday transactions.

Lee 的目标是克服比特币的一些限制，从而缩短莱特币的交易确认时间，并使其更适合日常交易。

Litecoin halving, like Bitcoin halving, is a predetermined event where the block reward decreases approximately every four years or after every 840,000 blocks. This cycle is projected to continue until 2142.

莱特币减半，就像比特币减半一样，是一个预先确定的事件，其中区块奖励大约每四年或每 840,000 个区块后就会减少。这一周期预计将持续到 2142 年。

Although its impact on the market is less pronounced than Bitcoin, LTC typically experiences increased trading volume and price volatility leading up to a halving event.

尽管 LTC 对市场的影响不如比特币那么明显，但 LTC 通常会经历交易量增加和价格波动，从而导致减半事件。

2. Bitcoin Cash Halving

2. 比特币现金减半

Bitcoin Cash emerged in August 2017 from a hard fork of the Bitcoin blockchain. Known for processing over 100 transactions per second due to its larger block size, BCH offers a decentralized currency system, with an emphasis on peer-to-peer electronic payments.

比特币现金于 2017 年 8 月从比特币区块链的硬分叉中诞生。 BCH 由于其较大的区块大小而以每秒处理超过 100 笔交易而闻名，它提供了一个去中心化的货币系统，重点是点对点电子支付。

Bitcoin Cash’s first halving occurred in April 2020. Contrary to expectations, BCH’s halving did not coincide with Bitcoin’s because it uses a different mining algorithm, resulting in an accelerated block mining rate and an earlier halving date.

比特币现金第一次减半发生在2020年4月。与预期相反，BCH的减半与比特币的减半并不吻合，因为它使用了不同的挖矿算法，导致区块挖矿速度加快，减半日期提前。

However, right after the halving event occurred, BCH experienced almost 2 hours of silence before the next block was mined. Although Bitcoin Cash is capable of handling around 116 transactions per second, this figure drops drastically to just 1.11 TPS.

然而，减半事件发生后，BCH 在下一个区块被开采之前经历了近 2 个小时的沉寂。尽管比特币现金每秒能够处理约 116 笔交易，但这一数字急剧下降至仅为 1.11 TPS。

This is because BCH uses the same mining mechanism as Bitcoin so miners can easily switch to other coins.

这是因为 BCH 使用与比特币相同的挖矿机制，因此矿工可以轻松切换到其他货币。

This resulted in a large number of miners leaving the Bitcoin Cash network to seek better returns elsewhere.

这导致大量矿工离开比特币现金网络，去其他地方寻求更好的回报。

As a result, the mining difficulty level increases, making it less profitable for miners who continue to mine BCH tokens. Therefore, the upcoming BCH halving event could be very controversial.

结果，挖矿难度增加，使得继续挖矿 BCH 代币的矿工的利润减少。因此，即将到来的BCH减半事件可能会引起很大争议。

3. Bitcoin Vision Satoshi (Bitcoin SV) Halving

3. 比特币愿景中本聪（Bitcoin SV）减半

Bitcoin SV (BSV), originating from BCH, it was created in November 2018, by a group led by Craig Wright, who claims to be Satoshi Nakamoto.

比特币SV（BSV）源自BCH，于2018年11月由自称中本聪的Craig Wright领导的团队创​​建。

BSV’s unlimited block size, reaching up to 4GB, enables low and stable transaction fees. This unlimited block size allows miners to choose the block size they want.

BSV 的区块大小不受限制，最高可达 4GB，可实现低且稳定的交易费用。这种无限的区块大小允许矿工选择他们想要的区块大小。

However, this flexibility carries the risk of centralization and vulnerability to attack, as was proven in an incident in October 2022 in which an unknown miner controlled more than 51% of the hash power.

然而，这种灵活性带来了中心化和易受攻击的风险，2022 年 10 月的一次事件证明了这一点，其中一名未知矿工控制了超过 51% 的算力。

4. Dash Halving

4. 达世币减半

Dash is an open source crypto asset that emerged in 2014, forked from the Bitcoin protocol. It functions as a decentralized autonomous organization (DAO) and is managed by “masternodes” (powerful servers backed by collateral held in Dash, and designed to provide sophisticated services and governance on the blockchain).

达世币是一种开源加密资产，于 2014 年出现，从比特币协议中分叉出来。它作为一个去中心化自治组织 (DAO) 运作，并由“主节点”（由达世币持有的抵押品支持的强大服务器，旨在在区块链上提供复杂的服务和治理）管理。

In contrast to the sudden halvings of other crypto assets, Dash experienced a gradual decline of approximately 7.14% approximately every 383.25 days.

与其他加密资产突然减半相比，达世币大约每 383.25 天就会经历约 7.14% 的逐渐下跌。

5. Zcash Halving

5.Zcash 减半

Developed by experts from MIT and Johns Hopkins, Zcash stands out for its privacy technology, which offers confidential transactions. Zcash has a unique reward allocation.

Zcash 由麻省理工学院和约翰·霍普金斯大学的专家开发，因其提供保密交易的隐私技术而脱颖而出。 Zcash 有独特的奖励分配。

When it launched, Zcash established a reward allocation plan called Founder’s Reward (FR) to fund Zcash development. According to the reward plan, 80% (5 ZEC) of the mining rewards will go to the miners, while 20% will be distributed among the founders and investors of Electric Coin Company.

Zcash 推出时，制定了一项名为创始人奖励（FR）的奖励分配计划，为 Zcash 的发展提供资金。根据奖励计划，挖矿奖励的80%（5 ZEC）将分配给矿工，20%将分配给Electric Coin Company的创始人和投资者。

After the FR ends, the community votes and agrees that miners will receive 80% of the mining rewards.

FR结束后，社区投票同意矿工获得80%的挖矿奖励。

The remaining 20% will be split between grants to fund independent third-party developers (8%), Electric Coin Co (7%), and the Zcash Foundation (5%), which helps sustain miners mining ZEC.

剩下的 20% 将分配给独立第三方开发商 (8%)、Electric Coin Co (7%) 和 Zcash 基金会 (5%)，以帮助维持矿工开采 ZEC。

Conclusion

结论

In conclusion, halving days are important events in the Bitcoin ecosystem because they have a major impact on the supply and demand of this asset.

总之，减半日是比特币生态系统中的重要事件，因为它们对该资产的供需产生重大影响。

By halving rewards for miners, halving days limit the supply of new Bitcoins entering the market.

通过将矿工的奖励减半，减半天数限制了进入市场的新比特币的供应。

That in turn could lead to an increase in Bitcoin’s value. Historically, halving days are often associated with an upward trend in Bitcoin prices.

这反过来可能会导致比特币价值上涨。从历史上看，减半日通常与比特币价格的上涨趋势相关。

Furthermore, for all crypto market players, a good understanding of halving day events is very important.

此外，对于所有加密货币市场参与者来说，充分了解减半日事件非常重要。

In this case, Bitcoin investors, traders and users need to understand how the halving day affects market dynamics and how they can exploit it to their advantage.

在这种情况下，比特币投资者、交易者和用户需要了解减半日如何影响市场动态，以及如何利用它来发挥自己的优势。

By paying attention to these events and carefully analyzing their impact, market players will hopefully be able to make better investment decisions and optimize their results in the dynamic crypto market.

通过关注这些事件并仔细分析其影响，市场参与者将有望在动态的加密货币市场中做出更好的投资决策并优化其结果。

Buy Bitcoin on INDODAX

在 INDODAX 上购买比特币

So, now you understand what a Bitcoin halving day is, from history to what to do after Bitcoin halving day.

那么，现在您了解了什么是比特币减半日，从历史到比特币减半日之后该做什么。

Next, if you are interested in buying bitcoin then you can buy it at INDODAX. Before buying bitcoin on INDODAX, you can check the price first and make a purchase on the INDODAX Market.

接下来，如果您有兴趣购买比特币，那么您可以在 INDODAX 购买。在 INDODAX 上购买比特币之前，您可以先查看价格并在 INDODAX 市场上进行购买。

For your information, INDODAX is the best crypto buying and selling platform and is a pioneer in trading crypto assets in Indonesia.

供您参考，INDODAX 是最好的加密货币买卖平台，也是印度尼西亚加密资产交易的先驱。

INDODAX is also committed to always providing easy access for investors to the crypto asset market.

INDODAX 还致力于始终为投资者提供进入加密资产市场的便捷通道。

Furthermore, as a disclaimer, it needs to be emphasized again that, like other types of investment, crypto asset investment is not free from risk.

此外，作为免责声明，需要再次强调的是，与其他类型的投资一样，加密资产投资也并非没有风险。

This is because the asset value fluctuates and the level of volatility is high. Therefore, it is highly recommended to do research first before investing in crypto assets.

这是因为资产价值波动且波动程度较高。因此，强烈建议在投资加密资产之前先进行研究。

So, let’s start investing in your crypto assets now only on INDODAX!

那么，让我们现在开始在 INDODAX 上投资您的加密资产吧！