比特幣（BTC）算力接近歷史最高水平，顯示礦工相信網路最終會得到回報

鏈上數據顯示，比特幣挖礦算力最近已接近歷史新高（ATH）。這對 BTC 可能意味著什麼。

The Bitcoin mining hashrate has been surging in recent weeks, suggesting that miners are bullish on BTC despite the ongoing market downturn.

最近幾週，比特幣挖礦算力一直在飆升，這表明儘管市場持續低迷，礦商仍看好比特幣。

Bitcoin Hashrate Close To ATH Despite Market Downturn

儘管市場低迷，比特幣算力仍接近 ATH

The Bitcoin mining hashrate is a crucial metric that indicates the total computational power connected to the BTC blockchain network.

比特幣挖礦哈希率是一個關鍵指標，表明連接到 BTC 區塊鏈網路的總運算能力。

Miners on the PoW blockchain use their computing power to solve complex mathematical puzzles in order to validate transactions and add new blocks to the chain. The first miner to solve the puzzle receives a block reward, which currently consists of 6.25 BTC.

PoW 區塊鏈上的礦工利用他們的運算能力來解決複雜的數學難題，以驗證交易並向鏈中添加新區塊。第一個解決該難題的礦工將獲得區塊獎勵，目前為 6.25 BTC。

The total hashrate, however, does not work collectively. Instead, the miners compete against each other to be the first to solve the puzzle, using their own individual power.

然而，總算力並不能共同發揮作用。相反，礦工們利用自己的個人力量相互競爭，成為第一個解決難題的人。

But while there is no collective Bitcoin power, that doesn’t mean the total hashrate has no consequences or usefulness.

但是，雖然比特幣沒有集體力量，但這並不意味著總算力沒有任何後果或用處。

For starters, the more computing power that’s connected to the network, the better is BTC’s security, especially if the new power is sufficiently decentralized.

首先，連接到網路的運算能力越多，BTC 的安全性就越好，特別是如果新的算力足夠去中心化的話。

The indicator also serves as a way of determining the sentiment among the miners. When the value of the metric rises, it means new miners are joining the network and/or old ones are expanding their facilities. Such a trend suggests the miners believe BTC to be a profitable venture.

該指標也可以作為確定礦工情緒的一種方式。當該指標的值上升時，這意味著新的礦工正在加入網路和/或舊的礦工正在擴大其設施。這種趨勢顯示礦工們相信比特幣是一項有利可圖的投資。

On the other hand, a decline in the hashrate implies some of the validators have decided to unplug their mining rigs, potentially because they are no longer able to break even.

另一方面，哈希率的下降意味著一些驗證者決定拔掉他們的採礦設備，可能是因為他們不再能夠實現收支平衡。

Now, here is a chart from Blockchain.com that shows the trend in the Bitcoin hashrate over the past year:

現在，這是來自 Blockchain.com 的圖表，顯示了過去一年比特幣算力的趨勢：

As is visible in the above graph, the Bitcoin mining hashrate hit a new ATH in mid-December, but the indicator then saw a晦涩 as BTC’s price itself fell. Miners receive their rewards in BTC, so the price of the cryptocurrency can be a factor in their revenue.

從上圖可以看出，比特幣挖礦算力在 12 月中旬創下了新的 ATH，但隨著 BTC 價格本身的下跌，該指標隨後出現了暗淡。礦工以比特幣獲得獎勵，因此加密貨幣的價格可能是他們收入的一個因素。

However, while BTC has been yet to show any sufficient recovery, the indicator has reversed course and has arrived back near the ATH. The fact that the miners aren’t ready to rollback on their farms yet would suggest they believe the network will eventually pay off.

然而，儘管 BTC 尚未顯示出足夠的復甦，但該指標已經逆轉並回到了 ATH 附近。事實上，礦工們還沒有準備好回滾他們的農場，這表明他們相信網路最終會得到回報。

As mentioned before, the total hashrate can have some real consequences for the blockchain. One such result is on the network’s difficulty, a feature that controls how hard miners would find their task.

如前所述，總算力可能會對區塊鏈產生一些實際影響。其中一個結果是網路的難度，這項功能控制著礦工發現任務的難度。

The BTC network aims to restrict how much block subsidy the miners receive within a given amount of time, so whenever the miners increase their computing power, it responds by upping its difficulty just enough to keep the pace of the miners the same as before.

BTC網路的目的是限制礦工在給定時間內獲得的區塊補貼的數量，因此每當礦工增加算力時，它就會透過提高難度來回應，以保持礦工的速度與以前相同。

Given that the minining hashrate is close to the ATH, it’s not surprising that the difficulty is also sitting at a new record.

鑑於挖礦算力接近 ATH，難度也創下新紀錄也就不足為奇了。

BTC Price

比特幣價格

At the moment, Bitcoin’s price is around $96,600, showing a 1% increase over the last seven days. The total cryptocurrency market cap stands at $4.3 trillion, with BTC’s dominance at 70%.

目前，比特幣的價格約為 96,600 美元，過去 7 天上漲了 1%。加密貨幣總市值為 4.3 兆美元，其中 BTC 佔據 70% 的主導地位。