美國超過中國作為頂級比特幣採礦樞紐，引發了有關北京如何回應的問題

劍橋最近的一份報告證實，美國現在領導全球比特幣採礦，引發了有關中國將如何反應的問題。

The U.S. has become the world’s largest Bitcoin mining hub, according to a recent report by the Cambridge Centre for Alternative Finance (CCAF). The report, which was published in July, found that the U.S. now accounts for 75.4% of the reported hashrate.

根據劍橋替代金融中心（CCAF）最近的一份報告，美國已成為世界上最大的比特幣採礦中心。該報告於7月份發布，發現美國現在佔報告的哈希拉特的75.4％。

This newest development showcases a reversal of power in terms of Bitcoin mining. Back in 2017, China was already identified as the world’s leading Bitcoin mining nation. At one point, the Asian nation contributed up to 75% of the global hash rate.

這項最新的開發在比特幣採礦方面展示了權力的逆轉。早在2017年，中國就已經被確定為世界領先的比特幣採礦國家。有一次，亞洲國家貢獻了全球哈希稅率的75％。

However, towards the end of 2021, the Middle Kingdom declared all crypto-related transactions as illegal, rendering any use of crypto-assets in China invalid. This move prohibited Chinese citizens from trading on foreign cryptocurrency exchanges.

但是，到2021年底，中間王國宣布所有與加密相關的交易是非法的，使中國的加密資產使用無效。此舉禁止中國公民進行外國加密貨幣交易所交易。

But China has a history of quickly adapting to geopolitical shifts that could affect its economic standing, and the current climate may present such a challenge.

但是中國有迅速適應可能影響其經濟地位的地緣政治轉變的歷史，當前的氣候可能會帶來這樣的挑戰。

What Is the Latest on Bitcoin Mining in China?

中國最新的比特幣開採是什麼？

Despite China’s well-known stance on crypto, reports from July indicate that the country’s hashrate contributes about 15% of the global total, according to Bitcoin environmental impact analyst Daniel Batten.

儘管中國對加密貨幣的著名立場，但七月的報導表明，該國的哈希拉特島佔全球總數的15％，但根據比特幣環境影響分析師丹尼爾·巴頓（Daniel Batten）的數據。

This is despite the fact that at least four Chinese provinces began shutting down mining operations in 2021 amid concerns over excessive energy consumption. Earlier that year, the National Development and Reform Commission of China (NDRC) also released a draft law which would categorize cryptocurrency mining as an “undesirable industry.”

儘管這一事實是，至少有四個中國省開始在2021年關閉採礦業務，這是由於對過度能源消耗的擔憂。當年早些時候，中國國家發展與改革委員會（NDRC）也發布了一項法律草案，將加密貨幣採礦歸類為“不良行業”。

However, the Asian nation is known for quickly pivoting to adjust to new economic trends. In July, representatives from The Coin Bureau and Wanchain spoke with BeInCrypto about what might encourage China to change its stance on digital assets.

但是，亞洲國家以迅速調整以適應新的經濟趨勢而聞名。 7月，來自硬幣局和旺欣的代表與貝克里普托（Beincrypto）談了什麼可能鼓勵中國改變其對數字資產的立場。

Discussing the new CCAF report, which found that the U.S. has overtaken China as the top crypto mining hub, the Coin Bureau’s co-founder, Nic Puckrin, said that the combination of Trump’s trade friction and the U.S.’s invigorated push for crypto dominance might be enough to make China reconsider its position.

在討論新的CCAF報告時，該報告發現，美國硬幣局的聯合創始人尼克·普克林（Nic Puckrin）說，美國已經超過了中國，他說，特朗普的貿易摩擦和美國為加密統治的激動人心的努力的結合可能足以使中國重新佔領自己的位置。

“It’s unlikely China will make a public U-turn on its crypto mining and trading ban anytime be but with US-based miners now accounting for higher and higher proportions of Bitcoin’s hashrate, China is bound to be paying attention and may well be quietly reassessing its stance.”

“中國不太可能會隨時公開對其加密礦業開采和交易禁令進行公開拒絕，但總部位於美國的礦工現在佔比特幣的哈希拉特的比例越來越高，中國一定會引起人們的注意，很可能會悄悄地重新評估其立場。”

China also has a geographical advantage over the U.S., especially when it comes to technological advancements. Crypto mining, especially for proof-of-work cryptocurrencies like Bitcoin, depends on Application-Specific Integrated Circuit (ASIC) equipment to carry out the necessary complex calculations for validation and mining.

中國也比美國具有地理優勢，尤其是在技術進步方面。加密挖掘，尤其是用於比特幣等工作證明的加密貨幣，取決於應用特定的集成電路（ASIC）設備，以進行必要的複雜計算以進行驗證和採礦。

China’s position as a top exporter of crypto mining hardware, particularly to the U.S., provides it with an edge should it decide to quickly ramp up its mining sector again. But the unfolding tariff dispute between the two nations adds another layer of complexity to the long-term cost efficiency of U.S. mining operations.

中國作為加密礦業硬件的頂級出口國，特別是對美國的高級出口商，如果它決定再次迅速升級其採礦業，則可以為其提供優勢。但是，兩國之間的關稅糾紛為美國採礦業務的長期成本效率增加了另一層複雜性。

This factor, along with the U.S.’s competitive edge in crypto mining and renewed hostility over trade policy might motivate China to quickly cooperate.

這一因素以及美國在加密礦業開採方面的競爭優勢以及對貿易政策的重新敵意可能激發中國迅速合作。

China’s Plans for Digital Currency

中國的數字貨幣計劃

Even though China is against the use of cryptocurrencies, it might still see the value in digital assets to counterbalance the U.S. dollar’s world currency dominance.

儘管中國反對使用加密貨幣，但仍可能看到數字資產的價值以抵消美元的世界貨幣統治地位。

Several countries are either adopting or considering central bank digital currencies (CBDCs) to strengthen their domestic currencies. China is at the forefront of these developments.

幾個國家要么採用或考慮中央銀行數字貨幣（CBDC）來加強其家用貨幣。中國處於這些發展的最前沿。

“Despite the ban on Bitcoin mining, China has actively participated in the digital asset space, e.g., with initiatives like CDBC research and the digital yuan, or e-CNY,” added Wanchain CEO, Temujin Louie.

Wanchain首席執行官Temujin Louie補充說：“儘管禁止比特幣採礦，但中國還是通過CDBC Research和Digital Yuan或E-CNY等計劃積極參與了數字資產領域。”

Indeed, China’s efforts to create a digital yuan are partly driven by its desire to de-dollarize its economy and lessen its dependence on the greenback.

的確，中國創建數字人民幣的努力部分是由於其渴望使經濟取消經濟並減少對綠色的依賴的願望所驅動。

According to Louie, whatever move China makes won’t be solely based on what the U.S. does or does not do. But it will be interesting to see how these broader macroeconomic and geopolitical trends will factor into China’s thinking in the second half of 2024.

根據路易的說法，無論中國採取的任何行動都不會僅僅基於美國的所作所為。但是，有趣的是，這些更廣泛的宏觀經濟和地緣政治趨勢將如何影響2024年下半年中國的思想。

“As always, with China, a nuanced approach is best. Any shifts in policy will not be due to US tariffs. Rather, China’s decisions will be informed by global market trends and China’s own domestic strategy.”

“與往常一樣，有了中國，最好的方法是最好的。政策上的任何變化都不會歸功於美國的關稅。相反，中國的決定將由全球市場趨勢和中國自己的國內戰略告知。”

This signals that the unfolding tariff dispute between the two nations will add another layer of complexity to the long-term cost efficiency of U.S. mining operations.

這表明兩國之間不斷發展的關稅爭議將增加美國採礦業務的長期成本效率的另一層複雜性。

This factor, along with the U.S.’s competitive edge in crypto mining and renewed hostility over trade policy might motivate China to quickly cooperate.

這一因素以及美國在加密礦業開採方面的競爭優勢以及對貿易政策的重新敵意可能激發中國迅速合作。

China’s Position on Crypto and Its Zoom Out View

中國在加密貨幣上的立場及其縮小視圖

Apart from its focus on the e-CNY, China’s complete stance on crypto has also shown some contradictions which may

除了關注E-CNY外，中國對加密的完全立場還表明了一些矛盾