哈希价格接近历史新低，比特币挖矿业遭受重创

比特币挖矿盈利指标（即哈希价格）暴跌至历史最低点附近，这表明矿工面临着挑战。由于比特币减半、地缘政治紧张局势和利率预期，这一代表矿工每算力赚取的收入的指标已降至 57 美元。减半并没有显着提振比特币的价格，导致矿工越来越依赖费用收入和价格上涨。

Bitcoin Mining Faces Adversity as Hashprice Plummets to Near Record Low

随着哈希价格暴跌至接近历史低点，比特币挖矿面临逆境

Amidst an array of economic challenges, the cryptocurrency industry is witnessing a significant downturn in Bitcoin mining profitability. The hashprice, a metric that gauges the profitability of Bitcoin mining, has reached a level close to its all-time low in the aftermath of the collapse of Sam Bankman-Fried's FTX. This development indicates dire prospects for Bitcoin miners.

在一系列经济挑战中，加密货币行业的比特币挖矿盈利能力正在大幅下滑。在山姆·班克曼-弗里德 (Sam Bankman-Fried) 的 FTX 崩溃后，衡量比特币挖矿盈利能力的指标哈希价格已达到接近历史低点的水平。这一发展预示着比特币矿工的前景黯淡。

The precipitous decline in the hashprice follows Bitcoin's fourth "halving" event, which took place on April 20, 2023. During a halving, the reward miners receive for securing the Bitcoin network is reduced by half. While this quadrennial event has historically benefited Bitcoin, its impact has been minimal this time around. Instead, geopolitical tensions and expectations of sustained high interest rates in the United States have weighed heavily on Bitcoin and other cryptocurrencies.

2023 年 4 月 20 日比特币第四次“减半”事件发生后，哈希价格急剧下跌。在减半期间，矿工因保护比特币网络而获得的奖励减少了一半。虽然这一四年一度的事件在历史上使比特币受益，但这次的影响微乎其微。相反，地缘政治紧张局势和美国持续高利率的预期严重影响了比特币和其他加密货币。

According to data from Hashrate Index, the hashprice fell to $57 on Friday, May 26, 2023. This figure reflects the amount a miner can potentially earn from one petahash per second of computing power per day. The hashprice reached its all-time low of $55 shortly after the FTX implosion in November 2022.

根据 Hashrate Index 的数据，2023 年 5 月 26 日星期五，哈希价格跌至 57 美元。这个数字反映了矿工每天每秒 1 petahash 的算力可能赚取的金额。 2022 年 11 月 FTX 崩溃后不久，哈希价格就触及 55 美元的历史低点。

Immediately after the halving, the hashprice experienced a brief surge to $139. This increase was attributed to a spike in transaction fees due to the surge in activity surrounding the Rune protocol, which allows for the creation of non-fungible tokens (NFTs) on the Bitcoin blockchain. However, the rise proved短暂, as fees declined to pre-halving levels and mining difficulty escalated, as per data from CryptoQuant.

减半后，哈希价格立即短暂飙升至 139 美元。这一增长归因于围绕 Rune 协议的活动激增导致交易费用飙升，该协议允许在比特币区块链上创建不可替代的代币（NFT）。然而，根据 CryptoQuant 的数据，随着费用下降到减半前的水平并且挖矿难度不断升级，这种上涨是短暂的。

With Bitcoin mining becoming exponentially more challenging and rewards being slashed, miners are increasingly dependent on fee revenue and gains in the token's value. To mitigate potential disruptions, large-scale miners like Marathon Digital Holdings Inc. and Riot Platforms Inc. have invested billions of dollars in mining equipment and data center infrastructure. Smaller and less well-capitalized entities, however, face the threat of market displacement.

随着比特币挖矿的难度呈指数级增长，奖励也被大幅削减，矿工越来越依赖于费用收入和代币价值的增长。为了减轻潜在的干扰，Marathon Digital Holdings Inc. 和 Riot Platforms Inc. 等大型矿商已在采矿设备和数据中心基础设施上投资了数十亿美元。然而，规模较小且资本较差的实体面临着市场取代的威胁。

The Bitcoin mining industry remains in a state of flux, grappling with a confluence of economic headwinds. As the hashprice continues to hover near all-time lows, the profitability of Bitcoin mining is severely compromised, with smaller miners particularly vulnerable to elimination from the market. The long-term implications of this downturn on the Bitcoin network and the cryptocurrency ecosystem at large remain uncertain.

比特币挖矿业仍处于不断变化的状态，正在努力应对经济逆风的影响。随着哈希价格继续徘徊在历史低点附近，比特币挖矿的盈利能力受到严重损害，小型矿商特别容易被市场淘汰。这种低迷对比特币网络和整个加密货币生态系统的长期影响仍然不确定。