比特幣交易費用跌至四年低點 38.69 美元

比特幣網路上的交易費用成本主要由兩個主要因素決定：礦工的收入和處理的交易總數。

The cost of transaction fees on the Bitcoin network is primarily determined by two major factors: miners’ revenue and the total number of transactions processed.

比特幣網路上的交易費用成本主要由兩個主要因素決定：礦工的收入和處理的交易總數。

Bitcoin transaction fees have dropped to their lowest level in four years. As of July 7, the average fee per Bitcoin transaction stood at $38.69, a figure last seen during the height of the COVID-19 pandemic in 2020.

比特幣交易費用已降至四年來的最低水準。截至 7 月 7 日，每筆比特幣交易的平均費用為 38.69 美元，這一數字上次出現是在 2020 年 COVID-19 大流行最嚴重的時期。

The COVID-19 pandemic led to a surge in the popularity of Bitcoin as investors sought alternative assets amidst global economic uncertainty. This surge in demand resulted in a significant increase in Bitcoin transactions, which drove up transaction fees.

隨著投資者在全球經濟不確定的情況下尋求替代資產，COVID-19 大流行導致比特幣的受歡迎程度激增。需求激增導致比特幣交易量大幅增加，從而推高了交易費用。

During this period, users had to pay higher costs to ensure their transactions were processed without delay. However, this trend has changed recently, with transaction costs dropping to $38.69.

在此期間，用戶必須支付更高的成本才能確保交易及時處理。然而，這一趨勢最近發生了變化，交易成本降至 38.69 美元。

Factors Influencing Transaction Fees

影響交易費用的因素

The cost of transaction fees on the Bitcoin network is primarily determined by two major factors: miners’ revenue and the total number of transactions processed. According to data from Ycharts on July 7, Bitcoin miners processed a total of 673,752 transactions on the Bitcoin network, with 89.7% of the transactions involving Bitcoin (BTC). This high volume helped reduce transaction costs on the Bitcoin network.

比特幣網路上的交易費用成本主要由兩個主要因素決定：礦工的收入和處理的交易總數。 Ycharts 7 月 7 日的數據顯示，比特幣礦工在比特幣網路上總共處理了 673,752 筆交易，其中 89.7% 的交易涉及比特幣（BTC）。這種高交易量有助於降低比特幣網路的交易成本。

The remaining bandwidth was utilized by other blockchain protocols within the Bitcoin ecosystem, including Ordinals (0.7%), BRC-20 (4.1%), and Runes (5.4%).

剩餘頻寬被比特幣生態系統內的其他區塊鏈協議利用，包括 Ordinals (0.7%)、BRC-20 (4.1%) 和 Runes (5.4%)。

In terms of mining rewards, Bitcoin miners received 1.14% of the total transaction volume recorded on July 7, which represents an average share since the beginning of the year in January.

在挖礦獎勵方面，比特幣礦工獲得了 7 月 7 日記錄的總交易量的 1.14%，這是自 1 月初以來的平均份額。

Despite the lower average transaction costs, which typically result in reduced revenue, miners were not completely at a loss. They benefited from the lower network difficulty, which allowed them to process transactions with less computational effort.

儘管平均交易成本較低（通常會導致收入減少），但礦商並未完全虧損。他們受益於較低的網路難度，這使他們能夠以更少的計算工作來處理交易。

Implications for Traders and Miners

對交易者和礦工的影響

While reduced transaction costs benefit Bitcoin traders by allowing them to pay lower fees to process transactions, miners may face challenges in navigating the current market conditions.

雖然交易成本的降低使比特幣交易者能夠支付較低的交易費用，從而使他們受益，但礦工在應對當前市場狀況時可能面臨挑戰。

A recent report from market intelligence firm CryptoQuant highlighted that Bitcoin miners may be approaching “capitulation” as profit margins tighten with Bitcoin (BTC) falling back to the $50,000-$55,000 range.

市場情報公司 CryptoQuant 最近的一份報告強調，隨著比特幣 (BTC) 回落至 50,000 美元至 55,000 美元區間，利潤率收緊，比特幣礦商可能正在接近「投降」。

This situation could lead to companies involved in Bitcoin mining opting to sell their earnings or reduce operational costs to sustain their operations during periods of market uncertainty.

這種情況可能會導致參與比特幣挖礦的公司選擇出售其收益或降低營運成本，以在市場不確定時期維持營運。

According to the report, several signs of capitulation have emerged over the past month, including a significant decline in Bitcoin’s hashrate.

該報告稱，過去一個月出現了一些投降跡象，包括比特幣算力大幅下降。

“Bitcoin Miner capitulation mirrors December 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions. Such declines often signal potential market bottoms,” the report noted, adding that several signs of capitulation have emerged over the past month.

「比特幣礦工的投降反映了 2022 年 12 月的水平，算力下降了 7.7%，與 FTX 崩潰後的情況類似。這種下跌往往預示著潛在的市場觸底，」報告指出，並補充說，過去一個月出現了一些投降的跡象。

Furthermore, CryptoQuant disclosed that miners have been “extremely underpaid,” a factor that could also contribute to the potential capitulation.

此外，CryptoQuant 透露，礦工的工資“極低”，這也可能導致潛在的投降。