比特币矿工认为喘息的是市场力量遏制采矿难度和硬件需求

这种转变是在新近降低的采矿难度和对专业硬件需求的明显放缓之后出现的。

A shift in focus away from Bitcoin mining is occurring among publicly traded United States mining companies, largely due to a slowdown in demand for specialized hardware. This development comes as the network’s mining difficulty experiences a slight moderation following a record-high difficulty adjustment in 2024.

在公开交易的美国矿业公司中，将重点转移到比特币采矿中，这在很大程度上是由于对专业硬件的需求放缓。这一发展是因为该网络的采矿难度经历了2024年创纪录的最高难度调整后的略有节奏。

The slowdown in hardware demand is attributed to several factors, including the lower block subsidy following Bitcoin’s halving in 2024 and the rising costs of mining equipment. In response, many mining companies have diversified their operations, moving into adjacent industries like high-performance computing and artificial intelligence. Some companies have also adjusted their balance sheets by increasing their Bitcoin holdings.

硬件需求的放缓归因于几个因素，包括比特币在2024年减半后的较低块补贴以及采矿设备的上涨成本。作为回应，许多矿业公司已经多样化了运营，进入了邻近的行业，例如高性能计算和人工智能。一些公司还通过增加比特币持有量来调整资产负债表。

Despite a rally in the Bitcoin price in late 2024, most publicly traded mining companies posted negative returns for the year, a trend that worsened after the launch of DeepSeek R1, a generative AI system from China. The arrival of this technology, which can be trained at a fraction of the cost of existing generative AI systems, raised concerns about the long-term profitability of high-end processors and data centers.

尽管2024年末的比特币价格集会，但大多数公开交易的矿业公司都在当年的负面回报率负面回报，这一趋势在DeepSeek R1推出后加剧了这一趋势，这是来自中国的生成AI系统。该技术的到来，可以以现有生成AI系统成本的一小部分进行培训，这引起了人们对高端处理器和数据中心的长期盈利能力的担忧。