到2025年3月底，比特币哈希拉特达到8.5亿次/s

BlockChain.com的数据证实，到2025年3月底，到2025年3月底，比特币哈希拉特达到了8.5亿TH/s。这个历史最高的高度表明，越来越多的矿工正在加入网络。

Yerevan - Bitcoin hashrate reached 850 million TH/s by the end of March 2025, data from Blockchain.com confirmed. This all-time high shows that more miners are joining the network. It also indicates that the network is becoming more secure and harder to disrupt.

Yerevan -BlockChain.com的数据证实，到2025年3月底，比特币哈希拉特（Bitcoin Hashrate）达到了8.5亿TH/s。这个历史最高的高度表明，越来越多的矿工正在加入网络。这也表明该网络变得越来越安全，更难破坏。

The increase in Bitcoin hashrate reflects rising mining activity. However, mining companies are now under pressure due to higher electricity rates and hardware costs. The sharp rise in Bitcoin mining costs is affecting both small and large players.

比特币哈希酸盐的增加反映了采矿活动的上升。但是，由于电力率和硬件成本较高，采矿公司现在正处于压力下。比特币采矿成本的急剧上升正在影响大小球员。

As the network gets stronger, Bitcoin becomes harder to attack, harder to ignore, and more justified in commanding a higher valuation. This isn’t just code. It’s economic gravity, said Thomas Jeegers, CFO and COO of Relai.

随着网络变得越来越强，比特币变得更难攻击，难以忽视，并且更有正当的估值。这不仅仅是代码。 Relai的首席财务官和首席运营官Thomas Jeegers说，这是经济重力。

Bitcoin mining costs double since early 2024

比特币开采的成本自2024年初以来两倍

According to Macromicro, Bitcoin mining costs rose to $88,000 per coin in 2025. This is almost double the amount miners paid in early 2024. The primary causes are high electricity prices and expensive ASIC machines.

根据Macromicro的数据，比特币开采成本上涨至2025年每枚硬币88,000美元。这几乎是矿工在2024年初支付的金额的两倍。主要原因是高电价和昂贵的ASIC机器。

Even though Bitcoin hashrate went up, miner profits did not increase at the same rate. Rising Bitcoin mining costs are putting pressure on margins. Smaller mining operations are struggling the most because they cannot buy electricity at lower bulk rates.

即使比特币哈希雷特上升，矿工的利润也没有以相同的速度增加。比特币采矿成本上升给利润率施加压力。较小的采矿业务最为挣扎，因为他们无法以较低的体积价格购买电力。

As energy markets remain volatile, the rising Bitcoin mining costs may continue to affect miners’ break-even levels. Companies must maintain high efficiency to stay profitable.

随着能源市场的波动，比特币采矿成本上升可能会继续影响矿工的收支平衡水平。公司必须保持高效率才能保持盈利。

US miners face pressure from ASIC tariffs on Bitmain miners

美国矿工面临对Bitmain矿工的ASIC关税的压力

US-based miners are also dealing with tariffs on mining hardware. ASIC tariffs on imports from China have been in place since 2018. These tariffs go up to 27.6%, according to SCMP.

美国的矿工还正在处理有关采矿硬件的关税。自2018年以来，从中国进口的ASIC关税就已经达到了。根据SCMP的数据，这些关税高达27.6％。

Most mining machines come from Chinese firm Bitmain. Data from CoinMetrics shows that Bitmain miners account for 59% to 76% of Bitcoin hashrate. Popular models include the Antminer S19 and Antminer S21.

大多数采矿机来自中国公司。共同攻击技术的数据表明，Bitmain矿工占比特币哈希酯的59％至76％。受欢迎的模型包括Antminer S19和Antminer S21。

In early 2025, tighter customs checks and new trade measures delayed the delivery of Bitmain miners to US mining companies. ASIC tariffs are pushing up hardware prices and causing supply issues.

在2025年初，更严格的海关检查和新的贸易措施推迟了Bitmain矿工向美国采矿公司的交付。 ASIC关税正在推高硬件价格并引起供应问题。

With Bitmain accounting for a majority of Bitcoin’s network hashrate, reliance on a single manufacturer, despite having distributed supply chains, presents a potential risk, said CoinMetrics.

Coinmetrics说，尽管Bitmain占比特币网络的大部分哈希雷特，但依赖单个制造商，尽管有分布式供应链，但仍有潜在的风险。

Hut 8 and Trump family form American Bitcoin Corp

小屋8和特朗普家庭组成美国比特币公司

In March 2025, Hut 8 Corp. partnered with Eric Trump and Donald Trump Jr. to launch American Bitcoin Corp. The company plans to build a large Bitcoin reserve and operate as a major US mining firm.

2025年3月，Hut 8 Corp.与埃里克·特朗普（Eric Trump）和小唐纳德·特朗普（Donald Trump Jr.）合作，启动了美国比特币公司（American Bitcoin Corp.

The entry of a new player with capital access adds to the competition. However,ASIC tariffs and rising Bitcoin mining costs remain a challenge for all firms operating in the US.

具有资本访问的新玩家的进入增加了比赛。但是，对于在美国运营的所有公司，ASIC关税和比特币矿业成本上升仍然是一个挑战。

As Bitcoin hashrate keeps increasing, operational efficiency and hardware access will be crucial for Bitcoin miners facing these pressures.

随着比特币哈希拉特的不断提高，操作效率和硬件访问对于面临这些压力的比特币矿工至关重要。