比特币矿工摆脱减半的影响，算力达到历史峰值

在第四次比特币减半事件之后，矿工们表现出了韧性，7 天平均算力已达到 650 EH/s 的历史新高。虽然自事件发生以来算力略有下降，但仍保持在 ATH 水平附近。这表明矿工并没有因区块奖励的减少而受到太大阻碍，并且可能会受到与符文引入相关的交易费用收入激增的提振。

Bitcoin Miners Unfazed by Halving, Hashrate Hits New All-Time High

比特币矿工未受减半影响，算力创历史新高

Introduction

介绍

Bitcoin's highly anticipated fourth Halving event has come to pass, significantly reducing the block rewards earned by miners for validating transactions on the network. While such reductions have historically led to declines in hashrate, the opposite has occurred this time, with Bitcoin's 7-day average hashrate reaching an unprecedented peak. This suggests unwavering enthusiasm among miners despite the income reduction.

比特币备受期待的第四次减半事件已经发生，显着减少了矿工验证网络交易而获得的区块奖励。虽然这种减少在历史上会导致算力下降，但这次却出现了相反的情况，比特币的 7 天平均算力达到了前所未有的峰值。这表明尽管收入减少，矿工的热情依然坚定不移。

Halving and Hashrate

减半和算力

Halving is an integral part of Bitcoin's design, programmed to occur approximately every four years. It involves a 50% decrease in the block rewards, currently standing at 3.125 BTC per block, down from 6.25 BTC. This reduction forces miners to rely increasingly on transaction fees for profitability.

减半是比特币设计的一个组成部分，计划大约每四年发生一次。它涉及区块奖励减少 50%，目前为每个区块 3.125 BTC，低于 6.25 BTC。这种减少迫使矿工越来越依赖交易费来获取盈利。

Historical Hashrate Trends

历史算力趋势

In the past, Halvings have typically been followed by temporary declines in hashrate as some miners find it less economically viable to participate in the network. However, this time around, the Bitcoin hashrate has surged to new highs, indicating that a significant number of miners remain committed to the ecosystem.

在过去，减半之后通常会出现算力暂时下降，因为一些矿工发现参与网络在经济上不太可行。然而，这一次，比特币算力飙升至新高，表明大量矿工仍然致力于该生态系统。

Current Hashrate Dynamics

当前算力动态

On the day of the Halving, May 11, 2020, the 7-day average Bitcoin hashrate spiked to an all-time high of 650 EH/s. While it has since receded slightly to around 629 EH/s, it remains significantly elevated compared to pre-Halving levels. This suggests that the majority of miners have not been significantly impacted by the block reward reduction.

2020 年 5 月 11 日减半当天，比特币 7 天平均算力飙升至 650 EH/s 的历史新高。虽然此后略有回落至 629 EH/s 左右，但与减半前的水平相比仍然显着升高。这表明大多数矿工并未受到区块奖励减少的重大影响。

Factors Supporting High Hashrate

高算力的支撑因素

Analysts attribute the sustained hashrate to several factors. Firstly, the recent surge in transaction fees due to the introduction of Runes for Bitcoin has provided miners with an additional source of revenue. While the fee premium has somewhat subsided, it still accounts for a substantial portion of miner income.

分析师将持续的算力归因于几个因素。首先，由于比特币符文的引入，最近交易费用激增，为矿工提供了额外的收入来源。尽管费用溢价有所下降，但仍占矿工收入的很大一部分。

Secondly, the overall bullish sentiment surrounding Bitcoin, with its price hovering around $66,100 at the time of writing, has likely boosted miner confidence. The sustained demand for Bitcoin, coupled with the expectation of further price appreciation, may have incentivized miners to invest in hardware and expand their operations.

其次，围绕比特币的整体看涨情绪（截至撰写本文时其价格徘徊在 66,100 美元左右）可能提振了矿商信心。对比特币的持续需求，加上价格进一步升值的预期，可能会激励矿工投资硬件并扩大业务。

Implications for the Bitcoin Ecosystem

对比特币生态系统的影响

The unprecedented hashrate following the Halving underscores the resilience and commitment of the Bitcoin mining community. It demonstrates that miners are willing to adjust their strategies and remain active even in the face of reduced block rewards.

减半后前所未有的算力凸显了比特币挖矿社区的韧性和承诺。这表明即使面对区块奖励减少，矿工也愿意调整策略并保持活跃。

A sustained hashrate ensures network security and transaction processing capabilities, maintaining Bitcoin's integrity as a censorship-resistant and reliable store of value. Moreover, it indicates that miners remain optimistic about the long-term prospects of Bitcoin, signaling continued growth and adoption of the cryptocurrency.

持续的算力可确保网络安全和交易处理能力，保持比特币作为抗审查和可靠价值存储的完整性。此外，这表明矿工对比特币的长期前景保持乐观，这表明加密货币的持续增长和采用。

Conclusion

结论

While the immediate impact of the Bitcoin Halving on miners is still evolving, the surge in hashrate is a positive sign that the mining community remains steadfast in its support of the Bitcoin network. The sustained hashrate suggests that miners are confident in Bitcoin's future and are adapting to the reduced block rewards by exploring alternative revenue streams. As such, the Bitcoin ecosystem remains robust and well-equipped to handle the ongoing demand for its services.

虽然比特币减半对矿工的直接影响仍在不断演变，但算力的飙升是一个积极的信号，表明采矿社区仍然坚定地支持比特币网络。持续的算力表明矿工对比特币的未来充满信心，并通过探索替代收入来源来适应区块奖励的减少。因此，比特币生态系统仍然强大且装备精良，可以满足对其服务的持续需求。