唐纳德·特朗普总统在2024年的竞选活动中说，他想要所有剩下的比特币

唐纳德·特朗普（Donald Trump）总统在2024年的竞选活动中说，他希望所有剩下的比特币，大约有115万辆中的2100万个供应

The Trump administration's decision to impose reciprocal tariffs on a wide range of goods from U.S. trading partners may have been a surprising move, but it could have serious implications for bitcoin miners operating in the U.S. As a result of these tariffs, which are set to take effect on April 9, miners will be forced to pay a hefty price to import machines from countries like Vietnam, Thailand, and Malaysia, ranging from 24% to 46% of the original value.

The Trump administration's decision to impose reciprocal tariffs on a wide range of goods from US trading partners may have been a surprising move, but it could have serious implications for bitcoin miners operating in the US As a result of these tariffs, which are set to take effect on April 9, miners will be forced to pay a hefty price to import machines from countries like Vietnam, Thailand, and Malaysia, ranging from 24% to 46% of the original 价值。

This news comes at a particularly bad time for miners, who are already struggling with the fallout from the recent market downturn. Hashprice, a term used to assess mining profitability, or the amount of bitcoin earned from a unit of energy, continues to set all-time lows as competition rises, but the payoff in terms of new bitcoin is lower than ever before. At current prices, which are up 37% over the past 12 months and in the $84,000 range, miners are still profitably producing bitcoin and they are not in danger of having to liquidate further assets to pay off debt or massively subsidize operations.

对于矿工来说，这个消息正处于一个特别糟糕的时期，他们已经在最近的市场下滑中挣扎。 HashPrice是用于评估采矿盈利能力的术语，或者从一个能源单位获得的比特币数量，随着竞争的增长而继续设定历史最低点，但是关于新比特币的收益低于以往。在过去的12个月中，目前的价格上涨了37％，在84,000美元的范围内，矿工仍在有利可图地生产比特币，而且他们不得不清算更多资产以还清债务或大量补贴运营。

These dire economic circumstances leave American miners in a difficult position. According to multiple sources, they comprise about 40% of the total global hashrate, or mining power, on the Bitcoin (CRYPTO: BTC) network. If they want to keep pace with the global network, they will need to import machines and pay the tariffs, or leave them unplugged in Asian warehouses.

这些可怕的经济环境使美国矿工处于困难。根据多个来源，它们约占比特币（加密：BTC）网络上全球桥梁或采矿能力的40％。如果他们想与全球网络保持同步，他们将需要进口机器并支付关税，或者将它们放在亚洲仓库中。

“I’m seeing a lot of confusion from everybody, even at the highest levels. No one really knows what’s going on,” says Taras Kulyk, CEO of Synteq Digital, an official distributor for Bitmain (BTC: BITMAIN), the world’s largest bitcoin miner manufacturer. “No one really understands what — for the lack of a better term — ‘strategy’ is being implemented right now. It seems like chaos, not even controlled or organized chaos. No 5D chess anymore. It just seems like complete, ridiculous chaos.”

“我也看到每个人的困惑，即使是最高水平也很困惑。没人真正知道发生了什么，” Bitmain（BTC：Bitmain）的正式分销商Synteq Digital的首席执行官Taras Kulyk说。 “没有人真正理解什么 - 因为缺乏更好的术语 - 目前正在实施'策略'。看来是混乱，甚至没有受控或有组织的混乱。没有5D国际象棋。这似乎是完整，荒谬的混乱。”

If there is any silver lining for bitcoin miners, it is that overcoming a number of challenges in recent years has strengthened them. After being given a gift from the Chinese government in May 2021, when it kicked all miners out of the country, leading to a 42% drop in hashrate, bitcoin miners have faced an onslaught of challenges.

如果比特币矿工有任何一线希望，那就是克服近年来的许多挑战可以加强它们。在2021年5月从中国政府赠送礼物之后，当它把所有矿工赶出了全国，导致哈希拉特下降了42％，比特币矿工面临着面临的挑战。

The first came from a suite of bitcoin-proxy substitutes that suddenly became competitors for investor dollars. Notably, Strategy (NASDAQ:MAGA), formerly known as MicroStrategy (NASDAQ:MSTR), has become a spirit animal for the bitcoin industry with its bitcoin accumulation strategy. The company currently owns 528,185 bitcoin, worth $44.8 billion, and is sitting on a paper gain of $9 billion. Its stock more than quadrupled in 2024. A rash of copycat firms like Semler Scientific (NASDAQ:SEML), Metaplanet (NASDAQ:MPLAN) and Genius Group (NYSE:GENI) have all followed suit.

第一个来自一套比特币 - 普罗克西替代品，这些替代品突然成为投资者美元的竞争对手。值得注意的是，战略（NASDAQ：MAGA）以前称为MicroStrategy（NASDAQ：MSTR），已通过其比特币积累策略成为比特币行业的精神动物。该公司目前拥有528,185个比特币，价值448亿美元，并以90亿美元的纸质收益。它的股票在2024年的股票超过三倍。诸如Semler Scientific（NASDAQ：SEML），Metaplanet（NASDAQ：MPLAN）和GENIUS GROUP（NYSE：GENI）等模仿公司众多的库存公司都伴随着。

And they are able to fund most of these purchases through at-the-market stock offerings or zero-coupon convertible debt, meaning that investors are lending billions of dollars at zero interest to these companies so that they can buy bitcoin right now. This stands in stark relief to bitcoin miners who have to pay massive upfront costs to purchase miners, power generation, facilities, and address various overhead costs. All for a payoff that needs to be projected out 12-24 months in the future.

他们能够通过在市场上的股票产品或零企业转换债务来资助这些购买的大多数，这意味着投资者以零利息向这些公司贷款数十亿美元，以便他们现在可以购买比特币。这对比特币矿工感到明显地缓解，他们必须支付巨额前期费用才能购买矿工，发电，设施，并解决各种间接费用。所有这些都需要预计将来需要12-24个月。

Moreover, many miners had to sell newly minted bitcoin and bitcoin held on their balance sheet during the bear market of 2022 and early 2023 to maintain operations. This means that they were unable to reap the subsequent gains in bitcoin's jump above $100,000 for those tokens.

此外，许多矿工不得不在2022年和2023年初在资产负债表上销售新近铸造的比特币和比特币，以维持运营。这意味着他们无法为那些代币超过100,000美元的比特币跳高收益。

The second hit came from the launch of spot bitcoin ETFs in January, led by the likes of BlackRock (NYSE:BLK) and Fidelity, which have accumulated more than $100 billion worth of bitcoin themselves. All of this meant that public bitcoin mining stocks suddenly had competition for investors who wanted exposure to bitcoin, as well as leveraged or high-beta exposure, after operating as an oligopoly for years.

第二次命中来自1月份的现货比特币ETF，由贝莱德（NYSE：BLK）和富达（Fidelity）等人带领，他们本身积累了价值超过1000亿美元的比特币。所有这些都意味着，公共比特币采矿股突然引起了想要接触比特币以及杠杆或高苦烟的投资者的竞争，多年以来。

The final blow came in April with the introduction of Trump's reciprocal tariffs. In response to tariffs imposed by U.S. trading partners, the administration announced plans to impose tariffs of 25% on a range of goods from those countries, including textiles, furniture, and chemical products. The tariffs are set to take effect on April 9, but could be postponed by 90 days if the trading partners agree to eliminate their tariffs.

最后的打击是在四月份引入了特朗普的互惠关税。为了应对美国贸易合作伙伴征收的关税，政府宣布计划对这些国家（包括纺织品，家具和化学产品）的一系列商品征收25％的关税。关税定于4月9日生效，但如果贸易伙伴同意消除关税，则可能会在90天内推迟。

However, the tariffs will also apply to goods that are not covered by the original tariffs, such as machinery and equipment used by bitcoin miners. This means that miners

但是，关税还将适用于原始关税不涵盖的商品，例如比特币矿工使用的机械和设备。这意味着矿工