BTC区块奖励矿工希望特朗普的第二个总统任期能够提供更顺畅的盈利之路

在特朗普前一天晚上击败对手卡马拉·哈里斯后，公开上市的比特币挖矿运营商的股价周三飙升。

BTC block reward miners are hoping that Donald Trump’s second presidential term will pave the way for them to finally achieve profitability, thanks to cheaper electricity, friendlier environmental rules and good old-fashioned patriotism.

比特币区块奖励矿工希望唐纳德·特朗普的第二个总统任期将为他们最终实现盈利铺平道路，这要归功于更便宜的电力、更友好的环境规则和良好的老式爱国主义。

The share prices of publicly listed BTC mining operators soared on Wednesday following Trump’s electoral victory over opponent Kamala Harris the night before. Some prominent miners saw their shares jump 20-30% in a single day, fuelled by the perception that Trump will lift the constraints that have kept their operations in the red.

在特朗普前一天晚上击败对手卡马拉·哈里斯后，公开上市的比特币挖矿运营商的股价周三飙升。一些知名矿商的股价单日上涨 20-30%，原因是人们认为特朗普将解除导致其运营亏损的限制。

In June, top execs from those same mining companies met with Trump at his Mar-a-Lago estate in Florida for a 90-minute chat. Trump had likely never heard of block reward mining before that meeting but was reportedly very intrigued by the execs’ claims that if America didn’t let miners do as they pleased, the business of securing BTC network transactions would be left to those godless Chinese communists.

6 月，这些矿业公司的高管在特朗普位于佛罗里达州的海湖庄园会见了特朗普，进行了 90 分钟的交谈。在那次会议之前，特朗普可能从未听说过区块奖励挖矿，但据报道，他对高管们的说法非常感兴趣，即如果美国不让矿工为所欲为，那么保护 BTC 网络交易的业务将留给那些无神论的中国共产党人。

The miners’ pitch also included their participation in the ‘crypto’ sector’s pledge to raise over $100 million and turn out five million voters for Trump’s election campaign. The pitch appeared to work, as mere hours after that meeting, Trump posted on his Truth Social platform about wanting “all the remaining [BTC] to be MADE IN THE USA!!!”

矿工们的宣传还包括参与“加密货币”行业，承诺筹集超过 1 亿美元，并为特朗普的竞选活动提供 500 万选民。这次宣传似乎起到了作用，因为在那次会议后仅仅几个小时，特朗普就在他的 Truth Social 平台上发帖称，希望“所有剩余的 [BTC] 都在美国制造！！！”

One month later, at a private fundraiser on the fringes of the BTC Nashville conference, mining execs from Riot Platforms, Marathon, CleanSpark and others reportedly paid $500,000 apiece to bend Trump’s ear. The next day, Trump publicly declared his support for miners, acknowledging their insatiable electricity demands by referencing America’s abundant oil supplies and pledging that “with low energy costs, America will become the world’s undisputed [BTC] mining powerhouse.”

一个月后，在 BTC 纳什维尔会议期间举行的一场私人筹款活动上，据报道，来自 Riot Platforms、Marathon、CleanSpark 等公司的矿业高管每人支付了 50 万美元，以讨好特朗普。第二天，特朗普公开宣布支持矿工，通过提及美国丰富的石油供应来承认他们无法满足的电力需求，并承诺“凭借低廉的能源成本，美国将成为世界无可争议的[BTC]挖矿强国。”

Trump cross-referenced miners’ electricity demands with those of AI data centers—which many miners have begun ‘pivoting’ toward because it’s more profitable than minting new BTC. Trump promised that “we’ll be having power plants built at the sites. We’ll be releasing people from certain ridiculous requirements, and we’ll be using fossil fuel to make electricity because we’re going to have to. We’ll be using nuclear.”

特朗普将矿工的电力需求与人工智能数据中心的电力需求进行了交叉引用——许多矿工已经开始“转向”人工智能数据中心，因为它比铸造新的比特币更有利可图。特朗普承诺“我们将在这些地点建造发电厂。我们将使人们摆脱某些荒谬的要求，我们将使用化石燃料发电，因为我们必须这么做。我们将使用核能。”

But now that he’s in office—and is constitutionally barred from seeking a third term in 2028—will Trump follow through on his mining pledges? Trump is notoriously transactional in his relationships and has a well-documented history of not honoring his debts to contractors once they’ve done the work they were hired to do.

但既然他已经就任，而且宪法禁止他在 2028 年寻求第三次连任，特朗普会兑现他的采矿承诺吗？特朗普在人际关系中的交易性是出了名的，并且在承包商完成受雇工作后不履行其债务的历史记录在案。

Trump himself told the Nashville audience that, after being told how many people were involved in crypto, his campaign team told him, “let’s be nice to them, at least until after the election.” Any miners expecting a payoff here should probably give generously to Trump’s inaugural committee/slush fund, just to be sure.

特朗普本人告诉纳什维尔的观众，在被告知有多少人参与加密货币后，他的竞选团队告诉他，“让我们对他们好一点，至少在大选之后。”为了保险起见，任何希望在这里获得回报的矿工都应该向特朗普的就职委员会/行贿基金慷慨解囊。

There’s no question that the mining economy currently involves pushing rocks uphill (financially speaking). This week, BTC mining difficulty jumped over 6%, pushing it over the 100 trillion mark for the first time. The seven-day moving average also hit a new record of 755.5 EH/s last week and shows no sign of letting up.

毫无疑问，目前的采矿经济涉及推石上山（从财务角度来说）。本周，BTC挖矿难度跃升超过6%，首次突破100万亿大关。 7日移动平均线上周也创下了755.5 EH/s的新纪录，并且没有减弱的迹象。

The unprecedented difficulty adjustments will put further pressure on smaller mining operators and/or those whose fleets are equipped with less modern (and thus less capable) rigs. The consolidation wave that has swept over this sector in the past couple of years will only increase as this Darwinian struggle weeds out the weaklings.

前所未有的难度调整将给规模较小的采矿运营商和/或其车队配备不太现代化（因此能力较差）钻机的采矿运营商带来进一步的压力。过去几年席卷该行业的整合浪潮只会随着达尔文主义斗争淘汰弱者而加剧。

In the meantime, here are the October performances by some of the most prominent publicly-traded BTC miners, in descending order of magnitude in BTC production:

与此同时，以下是一些最著名的公开交易 BTC 矿商 10 月份的表现，按 BTC 产量的降序排列：

It remains to be seen what impact (if any) Trump’s return to the White House might have on a new U.S. Treasury/Defense Department final rule on “certain real estate transactions by foreign persons near more than 60 military bases and installations across 30 states.”

特朗普重返白宫可能会对美国财政部/国防部关于“外国人在 30 多个州 60 多个军事基地和设施附近进行某些房地产交易的新最终规则”产生什么影响（如果有的话）还有待观察。 ”

The rule follows the federal government shutting down a mining operation near the Warren Air Force Base near Cheyenne, Wyoming earlier this year due to national security concerns. That operation was run by Chinese-owned MineOne and, given recent incidents of Chinese espionage on U.S. soil, it was thought that the miners’ location a mere mile away from a nuclear missile base was more than a little iffy.

此前，联邦政府出于国家安全考虑，于今年早些时候关闭了怀俄明州夏延附近沃伦空军基地附近的采矿作业。该矿场由中国企业 MineOne 运营，考虑到最近中国在美国领土上发生的间谍活动，人们认为矿工所在的位置距离核导弹基地仅一英里，非常可疑。

While most U.S. mining sites are run by U.S. operators, Bitdeer calls Singapore home. Bitdeer has sites in three U.S. states, but none are within the new rule’s exclusion zones. However, the new rules will limit Bitdeer’s freedom to plunk a new installation anywhere near any site the U.S. military deems sensitive.

虽然大多数美国矿场均由美国运营商运营，但 Bitdeer 将新加坡视为自己的家。 Bitdeer 在美国三个州设有站点，但均不在新规则的禁区内。然而，新规定将限制 Bitdeer 在美国军方认为敏感的任何地点附近安装新设施的自由。

However, since most U.S. operators employ mining gear manufactured outside America, the language in that MineOne shutdown order could prove problematic. The Committee on Foreign Investment in the United States (

然而，由于大多数美国运营商都使用美国境外制造的采矿设备，MineOne 关闭命令中的措辞可能会出现问题。美国外国投资委员会（