浸入後，比特幣將向其歷史最高高。儘管如此，似乎為加密貨幣開採

在與股市崩潰時相吻合的蘸醬（還記得比特幣應該是針對市場波動的對沖嗎？），加密貨幣正在向後推遲

After a dip that coincided with when the stock market crashed (remember when Bitcoin was supposed to be a hedge against market volatility?), the cryptocurrency is pushing back up toward its all-time high. Despite that, it seems that mining for the cryptocurrency is no longer worth it, even for some larger mining operations. According to data recently published by CoinShares, the cost of electricity and computational power needed to mine for Bitcoin now often exceeds the actual value of the coin.

在股市崩潰時偶然的下降（還記得比特幣應該是針對市場波動的對沖嗎？）之後，加密貨幣正在向其歷史悠久的高潮恢復。儘管如此，即使對於一些更大的採礦業務，加密貨幣的採礦似乎不再值得。根據Coinshares最近發布的數據，比特幣所需的電力和計算能力成本通常超過硬幣的實際價值。

For large mining companies, it now costs over $82,000 to mine a single Bitcoin, which is currently valued at about $95,000 at the time of publication. That is still technically profitable, though the margins have gotten mighty thin compared to where they were even just one quarter ago. It cost about $56,000 in the third quarter of 2024 to do the necessary computational calculations to mine for a Bitcoin, per CoinShares, so that price has jumped about 47% in just a few months.

對於大型採礦公司而言，挖掘一家比特幣的價格超過82,000美元，該比特幣目前的價值約為95,000美元。這仍然是技術上的盈利，儘管與僅一分之一前的利潤相比，利潤變得越來越大。在2024年的第三季度，要進行必要的計算計算，以挖掘比特幣的必要計算計算，因此每次共同幣的費用約為56,000美元，因此短短幾個月內的價格上漲了約47％。

Of course, most people are not industrial miners. For smaller organizations, the equation leaves them underwater. For miners in the US who are operating at anything short of a massive scale, it is estimated the price is closer to $137,000 spent to mine for a single BTC. If you’re doing your mining in Germany, the math gets worse: it’ll run about $200,000 for a single coin. Neither price comes close to even Bitcoin’s all-time high, meaning you’ll have to take a loss up front and hold, hoping the cryptocurrency skyrockets to new highs in the future.

當然，大多數人不是工業礦工。對於較小的組織，該方程將它們留在水下。對於在大規模範圍內運營的美國的礦工來說，估計價格接近單個BTC的價格接近137,000美元。如果您在德國進行採礦，數學會變得更糟：一枚硬幣將付出約200,000美元。這兩種價格都接近比特幣的歷史最高水平，這意味著您將不得不提前損失並保持損失，希望將來的加密貨幣飛機升至新的高點。

The “why” of that sudden price discrepancy has a few prongs to it (and it’s worth noting that some have argued the math on mining hasn’t worked for a while now). The first is the rising cost of electricity, an issue that is hitting the United States and many nations overseas—the result of inflation, Trump’s trade war, and increased demand from high-usage technologies like artificial intelligence. Those tariffs are also driving up the cost of mining equipment, too. There is also the fact that Bitcoin halved about a year ago, a process that lowers the reward for mining and is designed to slow the rate of new coins entering the market. So it’s getting more expensive to mine and there is less payout for doing so.

突然的價格差異中的“原因”有一些插腳（值得注意的是，有些人認為採礦的數學現在已經有一段時間沒有工作了）。首先是電力成本上升，這是一個襲擊美國和許多國家的問題，這是通貨膨脹，特朗普的貿易戰的結果以及人工智能等高USAGE技術的需求增加。這些關稅也提高了採礦設備的成本。還有一個事實是，比特幣大約一年前減少了一半，該過程降低了採礦的獎勵，旨在減慢進入市場的新硬幣的速度。因此，它的礦山變得越來越昂貴，這樣做的支出較少。

For most people, nothing of value will be lost by Bitcoin mining ceasing to be profitable. But it does potentially exacerbate Bitcoin’s haves and have-nots problem. For a currency that is supposed to be decentralized and some sort of equalizer in a way that fiat isn’t, the wealth has largely accumulated at the top. According to BitInfoCharts, the top 1% of wallet addresses hold more than 90% of all BTC in circulation. If mining were ever an equalizer, it certainly isn’t now, given the cost. The rich get richer.

對於大多數人來說，比特幣開採不再盈利，任何價值不會損失。但這確實會加劇比特幣的遺物，並沒有問題。對於本來應該是分散和某種均衡器的貨幣，以菲亞特的方式而言，財富在很大程度上積累了。根據Bitinfocharts的說法，最高的錢包地址佔據了所有BTC的90％以上。如果採礦是一個均衡器，那麼鑑於成本，現在肯定不是。富人變得更富有。