隨著減半事件和符文協議的推出，比特幣費用飆升

Runes 協議推出後，比特幣交易費用激增，引發了人們對其作為礦工收入來源的長期可持續性的質疑。儘管最初出現飆升，但此後費用有所下降，分析師仍不確定符文是否會產生可觀的費用收入。專家認為，包括 NFT 和序數集合在內的各種數位資產可能會在未來為礦工收入做出貢獻。 Grayscale 預測比特幣的價值可能達到 10 兆美元，從而導致網路流量和交易費用增加，成為挖礦的潛在收入來源。然而，實現可擴展性和廣泛採用對於可持續的費用產生仍然至關重要。

Bitcoin Transaction Fees Surge, Halving Event and Runes Protocol Launch Drive Activity

比特幣交易費用激增、減半事件和 Runes 協議啟動推動活動

On April 20, 2024, Bitcoin transaction fees reached an unprecedented high, coinciding with the halving event and the launch of the Runes protocol. This sudden spike in fees has raised questions about the sustainability of this revenue stream for miners and signaled potential challenges in the network's scalability.

2024 年 4 月 20 日，比特幣交易費用達到前所未有的高位，恰逢減半事件和 Runes 協議的推出。費用的突然飆升引發了人們對礦工收入來源可持續性的質疑，並預示著網路可擴展性的潛在挑戰。

All-Time Peak and Subsequent Decline

歷史最高點和隨後的下降

According to data from YCharts, the average fee per transaction on the Bitcoin network reached an all-time high of $128.45 on April 20. However, this surge was short-lived, and fees subsequently declined sharply to a more reasonable $34.80 on April 21.

根據YCharts 的數據，比特幣網路每筆交易的平均費用在4 月20 日達到歷史新高，達到128.45 美元。 34.80 美元。

Runes Protocol Triggers Frenzy

符文協議引發瘋狂

The initial surge in transaction fees was largely attributed to the release of the Runes protocol, a platform for creating tokens similar to Ethereum's ERC-20 tokens. The launch of Runes sparked a surge in user activity, as users rushed to create and trade rune-based meme coins. This sudden influx of transactions congested the network, leading to the skyrocketing of fees.

交易費用最初的飆升很大程度上歸因於 Runes 協議的發布，該協議是一個用於創建類似於以太坊 ERC-20 代幣的代幣的平台。符文的推出引發了用戶活動的激增，用戶紛紛創建和交易基於符文的迷因幣。交易的突然湧入導致網路擁塞，導致費用飆升。

Surge in Total Transaction Fees

總交易費用激增

The Bitcoin network experienced a significant surge in total transaction fees, reflecting the increased activity on the network. According to YCharts, the fees spiked from $7.7 million on April 19 to a remarkable $81 million on April 20, driven by the halving event and the Runes launch. However, the fees subsequently decreased to $22.37 million on April 21, highlighting potential scalability challenges.

比特幣網路的總交易費用大幅上漲，反映出網路活動的增加。據 YCharts 稱，在減半事件和 Runes 發布的推動下，費用從 4 月 19 日的 770 萬美元飆升至 4 月 20 日的 8,100 萬美元。然而，費用隨後於 4 月 21 日降至 2,237 萬美元，凸顯了潛在的可擴展性挑戰。

Sustainability of Fees as a Revenue Source

費用作為收入來源的可持續性

While the Runes launch initially led to a surge in fees, it remains uncertain whether this represents a long-term, sustainable source of revenue for miners. Some initially anticipated that Runes would become a significant fee generator, but early signs suggest otherwise. For example, the floor prices for Runestone NFT items dropped nearly 50% within one day as of April 21, according to Magic Eden.

雖然符文的推出最初導致費用飆升，但仍不確定這是否代表礦工的長期、可持續的收入來源。有些人最初預計符文將成為重要的費用產生者，但早期跡象表明並非如此。例如，根據 Magic Eden 的數據，截至 4 月 21 日，符石 NFT 商品的底價在一天內下跌了近 50%。

Potential for Diversification

多元化的潛力

Despite the challenges with fee sustainability, the situation is not entirely unfavorable for cryptocurrency miners. Ordinal collections like Bitcoin Punks and NodeMonkes, which generate fees from transactions, have experienced price increases during the same timeframe. This suggests a potential future where various digital assets, not only traditional transactions, contribute to the revenue earned by miners.

儘管費用可持續性面臨挑戰，但情況對加密貨幣礦工來說並非完全不利。像 Bitcoin Punks 和 NodeMonkes 這樣透過交易產生費用的有序集合在同一時間段內經歷了價格上漲。這表明未來潛在的可能性是，各種數位資產（而不僅僅是傳統交易）都會為礦工賺取收入做出貢獻。

Grayscale's Predictions

灰階的預測

Despite the short-term challenges, industry experts believe that these events offer insights into the future economics of Bitcoin mining. Grayscale, the manager of the world's largest Bitcoin Trust (GBTC), predicts that if transaction charges stabilize at a higher rate than historically observed, the impact of future halvings on miner revenue will diminish.

儘管有短期挑戰，但產業專家認為這些事件為比特幣挖礦的未來經濟提供了見解。全球最大的比特幣信託基金（GBTC）的管理人 Grayscale 預測，如果交易費用穩定在比歷史觀察到的更高的水平，未來減半對礦工收入的影響將會減弱。

Looking decades ahead, Grayscale forecasts that Bitcoin's total worth could inflate to $10 trillion, resulting in a surge in network traffic. In this scenario, transaction fees could become a significant income stream for miners. However, achieving such scalability and widespread adoption will require ongoing development efforts and innovative approaches to mitigate network congestion.

展望未來幾十年，Grayscale 預測比特幣的總價值可能會飆升至 10 兆美元，從而導致網路流量激增。在這種情況下，交易費用可能成為礦工的重要收入來源。然而，實現這種可擴展性和廣泛採用將需要持續的開發努力和創新方法來緩解網路擁塞。

"This is a glimpse into the future of Bitcoin mining economics, as Bitcoin becomes a $10 trillion+ asset, demand for the network grows exponentially, and we experience several more halvings," stated Grayscale.

Grayscale 表示：“這是對比特幣挖礦經濟未來的一瞥，隨著比特幣成為價值超過 10 兆美元的資產，對網路的需求呈指數級增長，並且我們經歷了多次減半。”

Conclusion

結論

The surge in Bitcoin transaction fees following the halving event and the launch of the Runes protocol has raised questions about the sustainability of this revenue stream for miners. While the Runes launch initially led to a frenzy of activity, its long-term impact on fees remains uncertain. However, the emergence of new digital assets, such as ordinal collections, suggests the potential for diversification in miner revenue streams. Industry experts believe that transaction fees could become a significant income source for miners in the long term, provided that scalability challenges can be addressed and widespread adoption continues.

在減半事件和 Runes 協議推出後，比特幣交易費用激增，引發了人們對礦工收入來源可持續性的質疑。雖然 Runes 的推出最初引發了狂熱的活動，但對費用的長期影響仍不確定。然而，新數位資產（例如序數集合）的出現表明了礦工收入來源的多元化潛力。產業專家認為，從長遠來看，只要能夠解決可擴展性挑戰並繼續廣泛採用，交易費用可能會成為礦工的重要收入來源。