比特幣BTC/USD採礦股只是碰到了一個粗糙的補丁

比特幣價格下跌，採礦競賽上升。罪魁禍首？比特幣的價格下跌和採礦競賽的增長結合。

Bitcoin BTC/USD mining stocks just hit a rough patch. According to JPMorgan analyst Reginald L. Smith, U.S.-listed miners are now trading at just 1.35x their proportional share of the four-year block reward opportunity. This marks the first time in nearly a year that valuations have fallen below the 1.7x historical average.

比特幣BTC/USD採礦股只是一片粗糙的斑點。根據摩根大通分析師雷金納德·史密斯（Reginald L.這標誌著將近一年來估值低於1.7倍歷史平均水平的第一次。

Bitcoin's price fell 10% in March, averaging $85,600 and briefly touching $79,000. Meanwhile, network hashrate, a key measure of mining difficulty, rose 35% year-over-year to an average of 811 EH/s.

比特幣的價格在3月下降了10％，平均$ 85,600，短暫觸及了79,000美元。同時，網絡哈希拉特（Network Hashrate）是採礦難度的關鍵度量，同比增長35％，平均為811 EH/s。

With more miners vying for a slice of the pie, daily mining profitability continues to erode.

隨著更多的礦工爭奪一片餡餅，每天的採礦盈利能力繼續侵蝕。

According to the analyst's calculations, the 14 U.S.-listed miners that JPMorgan tracks saw a combined market cap fall by 13% from Feb. 28 to March 15. This marks a $3 billion hit.

根據分析師的計算，摩根大通（JPMorgan）賽道的14名礦工從2月28日至3月15日的總市值下降了13％。這標誌著30億美元的命中率。

Only one miner outperformed Bitcoin's price movement in that span. Cipher Mining Inc CIFR led the losers with a 25% drop, while Argo Blockchain PLC ARBK was the lone miner to post a gain, rising 1%.

在這一範圍內，只有一名礦工優於比特幣的價格變動。 Cipher Mining Inc CIFR以25％的速度率領失敗者，而Argo Blockchain PLC ARBK是孤獨的礦工，可以發行增長，增長1％。

The U.S.-listed miners also saw a slight increase in their market share, collectively adding about 1 EH/s of hashpower since late January to maintain their share of the global hashrate at around 30%.

這位美國上市的礦工也看到了他們的市場份額略有增加，自1月下旬以來，總體增加了大約1 EH/s的哈希功率，以維持其在全球哈希龍的份額約為30％。

Bitfarms Ltd BITF and CleanSpark Inc CLSK saw the biggest increases in self-mining capacity. On the other hand, Core Scientific Inc CORZ and Hut 8 Corp HUT saw slight decreases in their hashpower.

Bitfarms Ltd Bitf和CleanSpark Inc Clsk認為自礦工能力的提高最大。另一方面，Core Scientific Inc Corz和Hut 8 Corp Hut的標題能力略有下降。

Now, the sector is facing a squeeze with declining Bitcoin prices and increased competition making mining a tougher business. With valuations slipping below long-term averages, the question remains: Are investors overreacting or is this a sign of tougher days ahead?

現在，該行業正面臨著比特幣價格下降和競爭提高的擠壓，使開採變得更加艱難。由於估值低於長期平均值，問題仍然存在：投資者是否反應過度，還是未來艱難的日子的跡象？

See More: Top Cryptocurrency News Today: Bitcoin Drops As March CPI Shows Stubborn Inflation, Now Averaging $85,600 This Month

查看更多：今天的加密貨幣新聞：3月CPI顯示頑固的通貨膨脹，現在平均為85,600美元，比特幣下降了

This article was originally published on Benzinga and has been modified for Clear Investing.

本文最初發表在Benzinga上，並已修改以進行清晰的投資。