中國會改變對比特幣（BTC）採礦的立場嗎？

本文回顧了有關美國在比特幣採礦業的統治地位的最新發展以及包括唐納德·特朗普總統徵收的政治壓力如何影響中國的政策。

China has long been known for its anti-cryptocurrency stance, shutting down bitcoin (BTC) mining activity and other crypto-related businesses in the country. However, with the changing global dynamics, especially the new dominance achieved by the United States in terms of bitcoin mining, a question arises whether China will change its policy.

長期以來，中國以其反貨幣姿態，關閉比特幣（BTC）採礦活動以及該國其他與加密相關的企業而聞名。但是，隨著全球動態的變化，尤其是美國在比特幣採礦方面實現的新統治力，中國是否會改變其政策。

This article explores the latest developments concerning U.S. dominance in the bitcoin mining industry and how political pressure, including tariffs imposed by President Donald Trump, might affect China’s policies.

本文探討了有關美國在比特幣採礦業中統治地位的最新發展以及包括唐納德·特朗普總統徵收的政治壓力如何影響中國的政策。

U.S. Dominance in Bitcoin Mining

美國在比特幣採礦中的統治地位

According to the Cambridge Center for Alternative Finance (CCAF), the United States now controls 75.4% of the total global bitcoin hashrate. This marks a major shift in the bitcoin mining industry that was previously dominated by China. In 2017, China was a major leader in bitcoin mining, leveraging low electricity costs and extensive mining infrastructure to control more than 75% of the world’s total hashrate.

根據劍橋替代金融中心（CCAF）的說法，美國現在控制著全球總比特幣橋樑的75.4％。這標誌著比特幣採礦業的重大轉變以前由中國主導。 2017年，中國是比特幣採礦的主要領導者，利用低電力成本和廣泛的採礦基礎設施來控制世界總橋樑的75％以上。

However, in 2019, China began taking decisive steps by banning cryptocurrency mining activities. Some provinces in China even started shutting down their mining operations. This ban was further strengthened in 2021 when the Chinese government declared that all crypto-related transactions were illegal, including banning foreign crypto exchanges from serving Chinese citizens.

但是，在2019年，中國開始通過禁止加密貨幣採礦活動採取決定性的步驟。中國的一些省甚至開始關閉他們的採礦業務。該禁令在2021年中國政府宣布所有與加密相關的交易都是非法的，包括禁止外國加密貨幣交易所為中國公民服務。

Despite Ban, Mining Activities Continue in China

儘管禁止，但中國仍在開採活動

Despite the official ban, bitcoin mining activity in China has not completely stopped. An analysis by Daniel Batten, a researcher focusing on the environmental impact of bitcoin, shows that China still controls about 15% of the total global hashrate. This indicates that despite the ban, the existing infrastructure in China can still support mining activities, both directly and through methods that are not officially registered.

儘管有官方禁令，但中國的比特幣採礦活動並未完全停止。專注於比特幣的環境影響的研究人員丹尼爾·巴頓（Daniel Batten）的分析表明，中國仍控制著全球總橋樑的15％。這表明，儘管禁令，但中國現有的基礎設施仍然可以直接和通過未正式註冊的方法來支持採礦活動。

According to the co-founder of Coin Bureau, Samuel "Sam" Mc Ingle (known as "Coin Bureau" online), this shift in hashrate to the United States is significant. He explained that if China were to rejoin the global hashrate network, they could quickly regain a substantial portion of the total hashrate due to their existing technological capabilities and large-scale operations.

據Coin局的聯合創始人，塞繆爾·薩姆·麥克·英格（Samuel“ Sam” Mc Ingle）（在線稱為“ Coin Bureau”），哈希拉特向美國的這種轉變非常重要。他解釋說，如果中國要重新加入全球哈希底網絡，則由於其現有的技術能力和大規模運營，他們可能會迅速重新獲得總哈希酸鹽的很大一部分。

China and Its Digital Currency Strategy

中國及其數字貨幣戰略

Apart from focusing on bitcoin mining, China has also shown interest in developing digital currencies, such as the digital yuan (e-CNY). This aligns with China’s efforts to reduce its dependence on the U.S. dollar and strengthen the yuan’s position in the global market. The development of the digital yuan is seen as a step to support the de-dollarization of the Chinese economy, aiming to decrease the dominance of the U.S. dollar in international trade.

除了專注於比特幣採礦外，中國還對開發數字貨幣（例如數字元素（E-CNY））表現出興趣。這符合中國為減少美元對美元的依賴並加強人民幣在全球市場的地位而努力的努力。數字人民幣的發展被視為支持中國經濟承保的一步，旨在減少美元在國際貿易中的統治地位。

According to Temujin Louie, CEO of Wanchain, while China remains obstructive to the use of domestic cryptocurrencies, they remain active in developing other digital assets, such as CBDC (Central Bank Digital Currency) research and the launch of the digital yuan. He explained that China’s policies are not solely driven by pressure from the U.S. but also by global market trends and China’s own domestic strategies.

Wanchain首席執行官Temujin Louie表示，雖然中國仍然阻礙使用國內加密貨幣，但它們仍活躍於開發其他數字資產（例如CBDC（中央銀行數字貨幣）研究和數字元素的推出）中。他解釋說，中國的政策不僅受美國的壓力，而且還受到全球市場趨勢和中國自己的國內戰略的驅動。

Trade Tension Risks and U.S. Influence

貿易緊張風險和美國影響力

Trade tensions between the U.S. and China, triggered by trade tariffs imposed by President Donald Trump, add a layer of uncertainty in terms of the cost efficiency of bitcoin mining operations in the U.S. According to Coin Bureau, China could use this moment to reconsider their bitcoin mining policies, although they are unlikely to make any major changes immediately.

根據Coin Bureau的說法，美國和中國之間的貿易緊張局勢是由唐納德·特朗普（Donald Trump）總統徵收的貿易關稅觸發的，在美國的比特幣採礦業務的成本效率方面增加了一層不確定性，儘管他們不可能立即進行任何重大變化，但中國可以利用這一刻重新考慮其比特幣採礦政策。

Instead, China is likely to adopt a more cautious and measured approach in response to these changes. However, considering the significant trade friction and political pressure from the U.S., China might be motivated to reevaluate their stance on bitcoin mining and other cryptocurrencies.

取而代之的是，中國可能對這些變化採取更加謹慎和衡量的方法。但是，考慮到美國的巨大貿易摩擦和政治壓力，中國可能會被激勵重新評估其對比特幣採礦和其他加密貨幣的立場。

Will China Change Its Stance on Crypto?

中國會改變對加密貨幣的立場嗎？

Although China’s policy toward cryptocurrencies looks contradictory, some analysis suggests that there is a possibility of a change in policy direction, especially in relation to the de-dollarization strategy. Several countries, including China and Russia, have started using bitcoin (BTC) in energy trade to circumvent the dominance of the U.S. dollar. This is evidence that the use of cryptocurrencies as an alternative to international transactions is gaining attention at the global level.

儘管中國對加密貨幣的政策似乎是矛盾的，但一些分析表明，政策方向有可能改變，尤其是與債務策略有關。包括中國和俄羅斯在內的幾個國家已經開始在能源貿易中使用比特幣（BTC）來規避美元的統治地位。這證明使用加密貨幣作為國際交易的替代方案正在全球範圍內受到關注。

In this case, China may choose to change their policy quietly, adjusting their policy towards cryptocurrencies in order to support efforts to internationalize the digital yuan or e-CNY. This process, while perhaps not directly related to U.S. dominance in mining, suggests that China retains a broader strategy in dealing with global challenges.

在這種情況下，中國可能會選擇安靜地改變其政策，調整其對加密貨幣的政策，以支持國際化數字人民幣或E-CNY的努力。這個過程雖然可能與美國在採礦領域的統治地位沒有直接關係，但表明中國在應對全球挑戰方面保留了更廣泛的戰略。