隨著網路適應哈希率暴跌，比特幣挖礦難度下降

比特幣挖礦難度下降了 5.7%，這是約 18 個月來最大的負調整。這次調整發生在區塊高度 842,688 處，使難度等級降至 83.1 兆。此次下跌是在網路哈希率下降 10% 後發生的，導致比特幣哈希價格創下歷史新低，目前每 PH/s 每天不到 50 美元。

Bitcoin Mining Difficulty Declines Sharply, Signaling Network Adjustment Amidst Hash Rate Downturn

比特幣挖礦難度大幅下降，算力低迷預示網路調整

On Thursday, the Bitcoin (BTC) network underwent a significant negative adjustment in mining difficulty, marking the largest downward correction in nearly 18 months. Data from Bitbo reveals that the difficulty dropped by 5.7% at block height 842,688, falling to 83.1 trillion. This adjustment represents the most severe negative change since the bear market lows of December 6, 2022, when difficulty fell by 7% while bitcoin traded around $17,000.

週四，比特幣（BTC）網路挖礦難度大幅負調整，創下近 18 個月來最大的下行調整。 Bitbo數據顯示，區塊高度842,688時，難度下降5.7%，降至83.1兆。這項調整代表了自 2022 年 12 月 6 日熊市低點以來最嚴重的負面變化，當時難度下降了 7%，而比特幣交易價格約為 17,000 美元。

Bitcoin's mining difficulty serves as a gauge of the computational effort required to mine a new block. It undergoes automatic adjustments every 2016 blocks, approximately every two weeks, to maintain an average block discovery time of 10 minutes, regardless of the number of miners actively engaged in the process.

比特幣的挖礦難度可以用來衡量挖掘新區塊所需的運算量。它每 2016 個區塊（大約每兩週）進行一次自動調整，以保持平均區塊發現時間為 10 分鐘，無論積極參與該過程的礦工數量如何。

An increase in the number of miners typically leads to an increase in mining difficulty, while a decrease in miner participation results in a reduction of difficulty, facilitating block discovery for the remaining miners.

礦工數量的增加通常會導致挖礦難度的增加，而礦工參與度的減少會導致難度的降低，從而促進剩餘礦工的區塊發現。

Network Hash Rate Decline Precipitates Difficulty Adjustment

網路算力下降導致難度調整

The recent negative difficulty adjustment follows a 10% drop in the network hash rate since the last adjustment on April 24. According to The Block's data dashboard, the seven-day moving average of hash rate has declined from 639.58 exahashes per second (EH/s) to 578.74 EH/s as of Wednesday. Prior to the adjustment, average block times extended to 10 minutes and 36 seconds.

自 4 月 24 日上次調整以來，網路算力下降了 10%。 /s。調整前，平均出塊時間延長至10分36秒。

The decline in hash rate led to an all-time low in Bitcoin's hash price, reaching $0.05 per terahash per second per day ($0.05 per TH/s/day) on April 29. This coincided with a drop in bitcoin's price below $63,000. At the time of writing, bitcoin trades around $61,000, as per The Block's price page.

哈希率的下降導致比特幣的哈希價格創下歷史新低，於4 月29 日達到每秒每秒0.05 美元（每TH/s/天0.05 美元）。美元。截至撰寫本文時，根據 The Block 的價格頁面，比特幣交易價格約為 61,000 美元。

Hash price is a metric coined by Luxor, a Bitcoin mining services firm, representing the expected value of 1 PH/s or 1 TH/s of hashing power per day. It quantifies the potential earnings of a miner based on their hash rate contribution.

哈希價格是比特幣挖礦服務公司 Luxor 創造的指標，代表每天 1 PH/s 或 1 TH/s 哈希能力的預期值。它根據礦工的哈希率貢獻來量化礦工的潛在收入。

Positive Impact on Miner Profitability

對礦工獲利能力的正面影響

Despite the negative adjustment, it could provide some relief for miners who have faced increased challenges since the halving. The adjustment makes it slightly easier to mine blocks compared to the past two weeks.

儘管出現了負面調整，但它可以為自減半以來面臨更多挑戰的礦工帶來一些緩解。與過去兩週相比，這項調整使得開採區塊變得稍微容易。

Difficulty Adjustment History

難度調整歷史

Today's negative adjustment follows a 1% drop in March and precedes two positive adjustments around the halving event. Bitcoin's fourth halving occurred on April 20, with the penultimate difficulty adjustment pre-halving and the first post-halving adjustment increasing by 4% and 2%, respectively, reaching a record high of 88.1 trillion. This coincided with a hash rate peak of 650.29 EH/s on April 19. The network's hash rate has since fallen by approximately 11%.

今天的負調整是在 3 月下跌 1% 之後，在減半事件前後的兩次正調整之前進行的。比特幣第四次減半發生在4月20日，減半前的倒數第二次難度調整和減半後的第一次難度調整分別增加了4%和2%，達到88.1萬億的歷史新高。這與 4 月 19 日的哈希率峰值 650.29 EH/s 相吻合。

The pre-halving adjustment rise reflected increased miner participation in anticipation of the reduction in block subsidy rewards from 6.25 BTC to 3.125 BTC.

減半前調整的上漲反映了礦工參與度的增加，因為預計區塊補貼獎勵將從 6.25 BTC 減少到 3.125 BTC。

The post-halving difficulty adjustment increase, a first of its kind, was attributed to the hype surrounding Runes, a fungible token standard for Bitcoin launched at the halving. Runes initially boosted transaction fee revenue for miners following the subsidy reduction.

減半後難度調整的增加是首次，這歸因於圍繞符文的炒作，符文是減半時推出的比特幣可替代代幣標準。在補貼減少後，符文最初增加了礦工的交易費收入。

Following the halving, block 840,000 generated $2.4 million in fees, far exceeding the $200,000 block subsidy reward. Bitcoin experienced a record 104-block run of transaction fee rewards surpassing the subsidy, as recorded by the Bitcoin explorer Mempool.

減半後，區塊 84 萬產生了 240 萬美元的費用，遠遠超過了 20 萬美元的區塊補貼獎勵。根據比特幣瀏覽器 Mempool 的記錄，比特幣經歷了創紀錄的 104 個區塊的交易費用獎勵超過補貼。

The Runes protocol, developed by Ordinals creator Casey Rodarmor, offers a more efficient solution for creating tokens on Bitcoin compared to BRC-20 tokens that utilize Ordinals inscriptions.

與使用 Ordinals 銘文的 BRC-20 代幣相比，由 Ordinals 創建者 Casey Rodarmor 開發的 Runes 協議為在比特幣上創建代幣提供了更有效的解決方案。

Runes transactions generated over $135 million in fees during the first week following their launch. However, following the initial enthusiasm, average transaction fees have dropped significantly from a peak of $128.45 on the day of halving to around $1, according to Mempool data.

符文交易在推出後的第一周就產生了超過 1.35 億美元的費用。然而，Mempool 數據顯示，繼最初的熱情之後，平均交易費用已從減半當天的峰值 128.45 美元大幅下降至 1 美元左右。