印度的比特幣採礦：探索水力發電的潛力

印度是世界上人口最多的國家，是多元化，生動和龐大的。不僅是人口，而且在土地面積方面

Bhutan, a tiny sovereign kingdom sandwiched between two Asian giants—China and India, is quietly stacking up Bitcoin—the digital gold, all thanks to its rivers. Yes, you heard that right!

不丹是一個小主權王國，夾在兩個亞洲巨人之間 - 中國和印度，正在悄悄地堆疊比特幣 - 數字黃金，這要歸功於其河流。是的，您聽說沒錯！

The unique topography of Bhutan allows the kingdom to strategically place its Bitcoin mining centers next to hydroelectric power plants that operate on its four major rivers—Amo Chu, Wang Chu, Punat Sang Chu & Mangde Chu. In less than five years, Bhutan has amassed over $1 Billion in Bitcoin, generating a range of 55-75 BTC per week from its mining operations.

不丹的獨特地形使王國能夠從戰略上將其比特幣採礦中心放在其在其四個主要河流上運行的水力發電廠旁邊，即Aamo Chu，Wang Chu，Punat Sang Chu＆Mangde Chu。在不到五年的時間裡，不丹已經積累了超過10億美元的比特幣，其採礦業務每週產生55-75 BTC的範圍。

Interestingly, all four major rivers of Bhutan merge into Brahmaputra river basin and enter India to form different rivers and its tributaries. But then what about India and why is she not utilizing her natural resources to mine Bitcoins?

有趣的是，不丹的所有主要河流都合併為婆羅門河流域，進入印度形成不同的河流及其支流。但是，印度呢，為什麼她不利用自己的自然資源來開採比特幣？

India, the most populous nation in the world, is diverse, vivid and massive; not just by her population but also in terms of land area, topography and varied languages, culture as well as faith. From the arid plains of Rajasthan to the hilly terrain of Arunachal Pradesh, India encompasses 3.28 million square kilometers and is blessed with 10 perennial rivers including the holy Ganges and a flourishing ecosystem that has survived since ancient times.

印度是世界上人口最多的國家，是多元化，生動和龐大的。不僅是她的人口，而且在土地領域，地形和各種語言，文化和信仰方面。從拉賈斯坦邦的干旱平原到印度阿魯納恰爾邦的丘陵地形，擁有328萬平方公里的公里，並幸運地擁有10個多年生河流，包括聖恒河和一個繁榮的生態系統，這些生態系統自遠古時代就倖存下來。

Owing to her geographical location & perennially fierce rivers, India ranks 5th globally when it comes to installed hydropower generation. Just like her Himalayan neighbor Bhutan, she too has the potential to mine bitcoins and become a major player in this niche industry in the coming years.

由於她的地理位置和常年兇猛的河流，印度在安裝水力發電一代方面排名全球第五。就像她的喜馬拉雅鄰居不丹一樣，她也有潛力開採比特幣，並在未來幾年成為這個利基行業的主要參與者。

But unlike her neighbor, India has a rather “hush-hush” approach towards cryptocurrencies in general and therefore niche sectors like bitcoin mining have remained largely neglected. While Bhutan possesses a substantial $1 Billion in bitcoin holdings, India's cryptocurrency journey is hindered by high taxes and blanket bans.

但是，與她的鄰居不同，印度對加密貨幣採取了一種相當“安靜的”方法，因此，像比特幣採礦這樣的利基市場仍然在很大程度上被忽略了。儘管不丹擁有10億美元的比特幣控股，但印度的加密貨幣旅程受到高稅和毯子禁令的阻礙。

In this article, we will dissect the Bitcoin mining operations of Bhutan, revisit her unique topography and understand how India can also utilize her rivers to mine the digital gold.

在本文中，我們將剖析不丹的比特幣採礦業務，重新審視其獨特的地形，並了解印度如何利用她的河流來開採數字黃金。

What is Bitcoin Mining and why it is a lucrative business?

什麼是比特幣採礦，為什麼它是一項有利可圖的業務？

Bitcoin mining is a process in blockchain networks that helps in the confirmation and finalization of transactions. The miners use a specialized, high-powered computer system to mine the coins. The main work of crypto miners is to secure the network, verify the transaction, & circulate new coins.

比特幣挖掘是區塊鍊網絡中的一個過程，有助於交易的確認和完成。礦工使用專門的高功率計算機系統來開採硬幣。加密礦工的主要工作是確保網絡，驗證交易並循環新硬幣。

Being a niche sector, Bitcoin mining is quite a profitable business as the collective market cap of the top 5 private Bitcoin mining firms worldwide is a staggering $1377 billion. To name a few, MARA Holdings, Riot Blockchain & Core Scientific are US-based crypto mining companies with annual turnovers of $338 billion, $376 billion, and $558 billion, respectively.

作為利基市場，比特幣採礦是一項盈利的業務，​​因為全球前5家私人比特幣礦業公司的集體市值是一筆驚人的13770億美元。僅舉幾例，Mara Holdings，Riot Blockchain和Core Scientific是總部位於美國的加密礦業公司，年營業額分別為3380億美元，3760億美元和5580億美元。

Why is Bitcoin Mining Expensive?

為什麼比特幣開採昂貴？

Bitcoin/Crypto mining farms are large industrial setups. They are usually located in remote areas where electricity setups are arranged with high-speed internet, efficient cooling systems, and ventilation. This is because bitcoin mining generates computing power equivalent to 3.7 million supercomputers.

比特幣/加密礦業農場是大型工業設置。它們通常位於偏遠地區，在那裡電力設置與高速互聯網，有效的冷卻系統和通風。這是因為比特幣挖掘產生的計算能力相當於370萬個超級計算機。

According to experts, the mining facility should also provide protection from outdoor conditions and have proper security measures. It is for this reason, storage facilities and warehouses operate mining farms because of the above-mentioned requirements.

根據專家的說法，採礦設施還應提供防止室外狀況的保護，並採取適當的安全措施。因此，由於上述要求，存儲設施和倉庫經營採礦農場。

Some major Bitcoin Mining Firms Around The Globe

全球一些主要的比特幣採礦公司

There are many other countries that are leading in the Bitcoin mining endeavor. U.S. is at the forefront, boasting a formidable infrastructure and readily available capital, making it an exceptionally appealing destination for institutional miners seeking profitable opportunities.

還有許多其他國家領導比特幣採礦業。美國處於最前沿，擁有強大的基礎設施和隨時可用的資本，這使其成為尋求盈利機會的機構礦工的極具吸引力的目的地。

That’s why the top 4 miners in the top 5 spots are taken by companies based in the U.S.A. Let’s have a look at the top five Bitcoin mining companies’ list.

這就是為什麼在美國的公司中排名前5位的前4名礦工的原因，讓我們看看前五名比特幣礦業公司的清單。

MARA Holdings (Market Cap $410 Billion)

Mara Holdings（市值4100億美元）

At first is MARA Holdings, a firm established in Florida, which is regarded as one of the largest bitcoin miners globally with a market cap of $410 billion. It is also the second largest corporate holder of Bitcoin.

起初是在佛羅里達州成立的一家公司Mara Holdings，該公司在全球最大的比特幣礦工之一，市值為4100億美元。它也是比特幣的第二大公司持有人。

Riot Blockchain (Market Cap $398 Billion)

防暴區塊鏈（市值3980億美元）

Keeping close is Riot Blockchain, the largest Bitcoin mining plant in North America in terms of developed capacity. The total market cap of Riot Blockchain is $398 billion.

在發達能力方面，徹底的區塊鍊是RIOT區塊鏈，這是北美最大的比特幣採礦廠。 RIOT區塊鏈的總市值為3980億美元。

Core Scientific (Market Cap $239.53 Billion)

核心科學（市值2395.3億美元）

Then we have Core Scientific, which has facilities in 7 U.S. states. Core Scientific’s market capitalization was $239.53 billion in February 2025. Due to this, Core Scientific is now the 3702nd most valuable firm in the world.

然後，我們擁有核心科學，該科學在美國7個州設有設施。核心科學的市值在2025年2月為2395.3億美元。因此，核心科學現在是世界上第3702位最有價值的公司。

Bitdeer (Market Cap $219.37 Billion)

比特（市值2193.7億美元）

The 4th spot is taken by Bitdeer Technology Group, a Singapore-based company. The market capitalization of Bitdeer Technologies Group was $219.37 billion in February 2025.

第四名是由新加坡公司Bitdeer Technology Group取得的。 Bitdeer Technologies Group的市值為2025年2月的213.7億美元。

Clean Spark (Market Cap $2

清潔火花（市值2美元