减半后交易费用飙升，比特币矿工赚取利润

在最近的比特币减半期间，由于网络费用的增加，矿工的收入激增。在围绕 meme 代币铸造的投机活动（例如由 Runes 协议实现的代币）的推动下，当前矿工收入与减半前的水平相比增加了两倍。尽管这些代币的发行具有投机性质，但 Bernstein 预计矿工收入的 15% 将来自持续的网络交易费用，这凸显了开发者对比特币的兴趣以及矿工持续收入流的潜力。

Bitcoin Miners Reap Windfall from Surge in Transaction Fees Post-Halving: Bernstein Analysis

伯恩斯坦分析：比特币矿工从减半后交易费用激增中获得意外之财

[April 22, 2024, 11:51 UTC] - Bitcoin miners have witnessed a remarkable surge in their earnings following the cryptocurrency's recent block reward halving, according to a comprehensive report published by brokerage firm Bernstein. The unexpected spike in network fees has catapulted total miner revenue to approximately three times its pre-halving level, driving the earnings to unprecedented heights.

[世界标准时间 2024 年 4 月 22 日 11:51] - 根据经纪公司 Bernstein 发布的一份综合报告，随着加密货币最近的区块奖励减半，比特币矿工的收入显着飙升。网络费用的意外飙升使矿工总收入猛增至减半前水平的约三倍，将收入推向前所未有的高度。

The halving event, which occurs quadrennially and reduces the issuance rate of new bitcoins, transpired on Friday evening. However, a surge in speculative activity, predominantly involving the minting of novel meme tokens following the launch of the Runes protocol, has propelled network fees to record highs.

减半事件每四年发生一次，并降低了新比特币的发行率，发生在周五晚上。然而，投机活动激增，主要涉及 Runes 协议推出后铸造新颖的 meme 代币，已将网络费用推至历史新高。

Analysts Gautam Chhugani and Mahika Sapra attribute the surge in transaction fees to the speculative fervor surrounding the minting of new tokens on the Bitcoin blockchain. Runes, a protocol designed to facilitate the etching and minting of tokens on the chain, has sparked a frenzy among retail traders seeking to capitalize on the potential rewards.

分析师 Gautam Chhugani 和 Mahika Sapra 将交易费用的飙升归因于围绕比特币区块链上新代币铸造的投机热情。 Runes 是一种旨在促进链上代币蚀刻和铸造的协议，它在寻求利用潜在回报的散户交易者中引发了狂热。

Bernstein's analysis reveals that current miner revenue stands at approximately 22 bitcoins per block, a significant increase from the 7 bitcoins earned before the halving event. Daily revenue has surpassed $100 million, with an astonishing $80 million derived from transaction fees, a deviation from the expected norm.

Bernstein 的分析显示，目前矿工的收入约为每个区块 22 个比特币，比减半事件之前赚取的 7 个比特币显着增加。每日收入已超过 1 亿美元，其中来自交易费用的金额高达 8000 万美元，超出预期正常水平。

"Investors should exercise caution in extrapolating these fees into the future," cautioned the report's authors. "Nonetheless, the surge serves as an indicator of the burgeoning developer interest in the Bitcoin blockchain and underscores the considerable revenue potential for miners."

该报告的作者警告说：“投资者在将这些费用推算到未来时应谨慎行事。” “尽管如此，这种激增表明开发商对比特币区块链的兴趣日益浓厚，并突显了矿工的巨大收入潜力。”

While the Runes token launches have predominantly comprised speculative meme tokens, Bernstein anticipates that the untapped potential of fungible tokens on the Bitcoin network remains vast. They note that decentralized tokens and utility tokens on the Ethereum network have already surpassed $200 billion in value.

虽然 Runes 代币的发行主要包括投机性 meme 代币，但 Bernstein 预计，比特币网络上可替代代币的未开发潜力仍然巨大。他们指出，以太坊网络上的去中心化代币和实用代币的价值已经超过 2000 亿美元。

"We project that 15% of miner revenues will be derived from network transaction fees on a sustainable basis," the report states. "Given that speculative activity on blockchains can persist for periods ranging from 6 to 18 months, miners may continue to reap the benefits of this above-average windfall."

报告指出：“我们预计 15% 的矿工收入将持续来自网络交易费用。” “鉴于区块链上的投机活动可能持续 6 至 18 个月，矿工可能会继续从这种高于平均水平的意外之财中获益。”

The report's findings provide valuable insights into the dynamic relationship between Bitcoin miners and the broader cryptocurrency ecosystem. The surge in transaction fees highlights the role of miners in securing the network and facilitating the transactions that underpin the entire ecosystem. As adoption grows and innovation flourishes, miners are poised to play an increasingly pivotal role in the growth and development of the Bitcoin protocol.

该报告的发现为比特币矿工与更广泛的加密货币生态系统之间的动态关系提供了宝贵的见解。交易费用的飙升凸显了矿工在保护网络安全和促进支撑整个生态系统的交易方面的作用。随着采用的增长和创新的蓬勃发展，矿工将在比特币协议的增长和发展中发挥越来越关键的作用。