比特币采矿从来都不是在公园里散步，但是最近，它已成为真正的障碍课程

这可能是当下的悖论：比特币的hashprice，该指南指示矿工每秒赚取的矿工赚取的钱（pH/s）

Bitcoin mining has never been a walk in the park, but lately, it has become a real obstacle course. The sector must juggle a delicate equation: a hashprice that remains stagnant, rising difficulty, and transaction fees that melt away like snow in the sun. The result? Several miners will soon have to put the key under the doormat…

比特币采矿从来都不是在公园里散步，但是最近，它已成为真正的障碍路线。该行业必须兼顾一个精致的方程式：一种悬停，难度上升和交易费用的哈希值，就像阳光下的雪一样融化。结果？几个矿工很快将不得不将钥匙放在拖鞋下……

Bitcoin mining: a stable hashprice, but at what cost?

比特币采矿：稳定的Hashprice，但是以多少代价？

This may be the paradox of the moment: the bitcoin hashprice, this compass that indicates what miners earn for each petahash per second (PH/s), remains stuck around $48. Yet, the network difficulty – in other words, the complexity of the calculations to be solved to validate a block – jumped by 1.4%, reaching 113.76 trillion on March 23. In short, we are rowing harder for the same salary.

这可能是当下的悖论：比特币Hashprice，该指南指示矿工每秒赚取的矿工赚取的收入（ph/s），仍然停留在48美元左右。然而，网络难度 - 换句话说，要解决的计算的复杂性以验证一个障碍 - 跃升了1.4％，3月23日达到113.76万亿。

And that’s where it gets tricky for bitcoin miners who do not have top-of-the-line machines. The Antminer S19 XP or S19 Pro, once the stars of the hashrate, are now seeing their revenues collapse to $0.088 and $0.067 per kilowatt-hour. One could say that with energy costs skyrocketing everywhere, some must start looking at their equipment with a sad eye (or even consider selling it for parts…).

对于没有顶级机器的比特币矿工来说，这就是棘手的地方。 Antminer S19 XP或S19 Pro曾经是Hashrate的星星，现在他们的收入崩溃至0.088美元和每千瓦时0.067美元。可以说，随着到处的能源成本飞涨，有些人必须以悲伤的眼睛开始看他们的设备（甚至考虑将其出售给零件……）。

Transaction fees: the major absentees of the moment

交易费：当下的主要缺席者

Another unpleasant surprise: transaction fees, which now represent only 1.12% of total block rewards. We haven’t seen this since January 2022! Consequently, bitcoin miners can no longer rely too much on these little bonuses to round out their end-of-block pay. The dependence on fixed rewards (which is set to decrease with the upcoming halving) thus becomes total.

另一个令人不愉快的惊喜：交易费用，现在仅占总奖励的1.12％。自2022年1月以来，我们还没有看到这一点！因此，比特币矿工再也无法依靠这些小奖金来解决他们的结束薪水。因此，对固定奖励的依赖性（将随着即将到来的减半而减少）。

As if it weren’t complicated enough, network difficulty could still increase by 16.05% in the next adjustment scheduled for April 4, 2025. We’re talking about a rise to 132.02 trillion. If this projection turns out to be accurate, bitcoin miners may have to push even harder on the pedal to move… at a crawl.

好像还不够复杂，在计划于2025年4月4日的下一个调整中，网络难度仍然可以增加16.05％。我们正在谈论的是上升至132.02万亿。如果这种投影是准确的，那么比特币矿工可能必须在踏板上更加努力地移动……爬行。

In this context, profitability becomes a balancing act. Energy optimization, migration to less expensive regions, or investment in top-notch equipment: the options are on the table, but none are simple. Bitcoin mining, more than ever, requires solid nerves, sharp strategy… and perhaps a touch of faith in the hashrate.

在这种情况下，盈利能力成为平衡行为。能源优化，迁移到较便宜的区域或对一流设备的投资：选项在桌上，但没有一个简单。比特币采矿比以往任何时候都需要坚实的神经，敏锐的策略……也许对哈希酸盐的信念有所了解。

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

世界正在发展，适应是在这个起伏的宇宙中生存的最佳武器。我最初是加密社区经理，我对与区块链及其衍生物直接或间接相关的任何事物感兴趣。为了分享我的经验并促进我热衷的领域，没有什么比撰写内容丰富且放松的文章更好。