比特幣挖礦產業在減半事件後轉變

2024 年 4 月第四次比特幣減半促使礦業公司在區塊獎勵減少的情況下探索新的收入來源。他們正在囤積比特幣，預計減半後價格會上漲。其他策略包括擴展到人工智慧運算、談判有利的硬體合約、尋求替代能源以及利用 Ordinals 和 Layer-2 交易費用。這些措施旨在減輕激勵削減的影響並保持獲利能力，表明技術進步和成本效益實踐塑造了不斷變化的採礦業格局。

Bitcoin Mining Industry Undergoes Transformation Post Halving Event

比特幣挖礦產業在減半事件後經歷轉型

On April 19, 2024, the fourth Bitcoin halving took place, marking a significant event for the cryptocurrency mining industry. The halving, which occurs every four years, reduces the block reward for miners by half. This time, the reward was cut from 6.25 to 3.125 BTC, posing new challenges for mining operations.

2024年4月19日，比特幣第四次減半，標誌著加密貨幣挖礦產業的重大事件。每四年發生一次的減半將使礦工的區塊獎勵減少一半。此次獎勵從6.25 BTC下調至3.125 BTC，為挖礦營運帶來了新的挑戰。

Revenue Diversification and Cost-Cutting Measures

收入多元化和成本削減措施

To offset the reduction in block rewards, mining companies have been exploring various revenue avenues and cost-cutting measures. One strategy has been stockpiling Bitcoin, with mining enterprises collectively holding over 46,000 BTC as of March 31. This hoarding behavior stems from the expectation that the price of Bitcoin will increase post-halving, as it has in previous halving events.

為了抵​​消區塊獎勵的減少，礦業公司一直在探索各種收入途徑和成本削減措施。一種策略是囤積比特幣，截至3 月31 日，礦企總共持有超過46,000 個BTC。一樣。

Another revenue stream that mining companies are pursuing is artificial intelligence (AI) computing. Both blockchain and AI technologies require significant computing power, creating an overlap between the two industries. Several mining companies, including Hive and Hut8, have already reported revenue from AI computing, while others, such as Bit Digital, TeraWulf, and Core Scientific, are planning to expand their operations in this area.

礦業公司追求的另一個收入來源是人工智慧（AI）計算。區塊鏈和人工智慧技術都需要強大的運算能力，導致兩個行業之間存在重疊。包括 Hive 和 Hut8 在內的幾家礦業公司已經報告了人工智慧計算的收入，而 Bit Digital、TeraWulf 和 Core Scientific 等其他礦業公司正計劃擴大在這一領域的業務。

In terms of cost-cutting, mining companies are relocating hardware to regions with lower energy costs. For instance, Marathon Digital has established a pilot project in Utah to harness methane from the atmosphere as an energy source. Other companies are negotiating more favorable hardware contracts, giving them the flexibility to acquire new technology and adapt to changing market conditions.

在削減成本方面，礦業公司正在將硬體轉移到能源成本較低的地區。例如，馬拉松數位公司在猶他州建立了一個試點項目，利用大氣中的甲烷作為能源。其他公司正在談判更優惠的硬體合同，使他們能夠靈活地獲取新技術並適應不斷變化的市場條件。

Technological Advancements and Innovation

技術進步與創新

The Bitcoin mining industry is also witnessing advancements in hardware technology. Miners compete to create blocks by iterating random numbers, and those with the most powerful hardware have the advantage. Mining companies are therefore investing heavily in better technology to maintain their competitiveness.

比特幣挖礦產業也見證了硬體技術的進步。礦工們透過迭代隨機數來競爭創建區塊，那些擁有最強大硬體的人擁有優勢。因此，礦業公司正在大力投資更好的技術，以保持競爭力。

Moreover, the emergence of Bitcoin Ordinals and Layer-2 solutions has introduced new revenue opportunities for miners. Ordinals allow images to be stored on the Bitcoin blockchain, requiring more block space and higher transaction fees. Layer-2 solutions also utilize the Bitcoin network for settlement, increasing revenue for miners through transaction processing.

此外，比特幣序號和 Layer-2 解決方案的出現為礦工帶來了新的收入機會。序數允許圖像儲存在比特幣區塊鏈上，需要更多的區塊空間和更高的交易費用。 Layer-2 解決方案還利用比特幣網路結算，透過交易處理增加礦工的收入。

Consolidation and Evolution

整合與進化

The halving event has heightened the pressure on mining operations, leading to the expectation of consolidation within the industry. Well-financed players are likely to dominate, as the technological requirements for mining become increasingly complex. However, the industry is also poised for evolution as technological developments reshape input costs and open up new revenue streams.

減半事件加大了挖礦營運壓力，引發產業整合預期。隨著採礦技術要求變得越來越複雜，資金雄厚的參與者可能會佔據主導地位。然而，隨著技術發展重塑投入成本並開闢新的收入來源，該產業也即將發生演變。

Long-Term Outlook

長期展望

Despite the challenges posed by the halving event, the long-term prospects for Bitcoin mining remain positive. The halving mechanism is integral to the cryptocurrency's inflation control, and historically, the price of Bitcoin has tended to rise after halving events.

儘管減半事件帶來了挑戰，但比特幣挖礦的長期前景仍然樂觀。減半機制是加密貨幣通膨控制不可或缺的一部分，從歷史上看，比特幣的價格在減半事件後往往會上漲。

As technological advancements unfold and new revenue opportunities emerge, the Bitcoin mining industry is expected to continue to evolve and adapt. The halving event marks a significant milestone, but it is only one step in the ongoing development of this dynamic sector.

隨著技術進步和新收入機會的出現，比特幣挖礦產業預計將繼續發展和適應。減半事件標誌著一個重要的里程碑，但這只是這個充滿活力的產業持續發展的第一步。