報告算力、收入下降

隨著操作變得更加困難，比特幣挖礦的場景正在改變。社區哈希率的異常範圍正在造成

The dynamics of the operation are turning out to be harder, and the scene of Bitcoin mining is shifting. The extraordinary ranges of community hashrate are inflicting miners to see a big change in profitability even with Bitcoin’s virtually file buying and selling values.

操作的動態變得更加困難，比特幣挖礦的場景正在改變。即使比特幣的交易價值幾乎記錄在案，社區算力的巨大變化也使礦工的獲利能力發生了巨大變化。

This evolution is tightening the margins for miners and elevating questions over the long run dynamics of Bitcoin mining.

這種演變正在收緊礦工的利潤，並引發了人們對比特幣挖礦長期動態的質疑。

Miners Stand to Lose (Actually)

礦工可能會遭受損失（實際上）

One might anticipate miners to be making important good points as Bitcoin trades around $63,500. Truly, the reality is de facto completely different. The hashrate of the Bitcoin community has shot to an unimaginable 635 exahashes per second (EH/s). This enchancment in laptop energy has made the battle in mining even more durable.

人們可能會預計，隨著比特幣交易價格在 63,500 美元左右，礦商將做出重要的好事。確實，現實其實完全不同。比特幣社群的哈希率已飆升至難以想像的每秒 635 exahashes (EH/s)。筆記型電腦效能的增強使得採礦業的戰鬥變得更加持久。

The hashrate, which measures the computing power wanted to make transactions on proof-of-work blockchain, has greater than tripled since November 2021, when Bitcoin’s worth was about the identical. It was 161 EH/s on common.

自 2021 年 11 月以來，哈希率（衡量在工作量證明區塊鏈上進行交易所需的運算能力）已增加了兩倍多，而當時比特幣的價值大致相同。普通網路上的速度為 161 EH/s。

Knowledge from the Hashrate Index exhibits that the “hash worth”—the day by day earnings per terahash per second (TH/s)—has plunged to its lowest level in 5 years, now simply $51.13 as of July 16. This drop means that the price of extracting one block has grown, subsequently reducing the profitability for particular person miners even with Bitcoin’s nice market worth.

算力指數顯示，「算力價值」——每秒每太拉哈希的每日收益（TH/s）——已跌至5 年來的最低水平，截至7 月16 日僅為51.13 美元。一下降意味著儘管比特幣的市場價值不錯，但開採一個區塊的價格卻上漲了，從而降低了個別礦工的獲利能力。

Professional Views on the Matter

對此事的專業看法

Trade analysts are weighing in on the current state of affairs of Bitcoin mining. Profitability for miners utilizing SHA256 blockchains is nearly a six-year low, based on Kurt Wuckert Jr., CEO and creator of Bitcoin SV mining pool Gorilla Pool. Wuckert notes that though some US-based Bitcoin mining entities are nonetheless in operation, their ranges of profitability is enhanced by their inventory worth.

貿易分析師正在評估比特幣挖礦的現狀。 Bitcoin SV 礦池 Gorilla Pool 的執行長兼創辦人 Kurt Wuckert Jr. 表示，使用 SHA256 區塊鏈的礦工的獲利能力接近六年來的最低點。伍克特指出，儘管一些美國的比特幣挖礦實體仍在運營，但它們的獲利能力因其庫存價值而提高。

Chatting with an viewers at Crypto Join Palm Seashore in Miami, Wuckert voiced his worries in regards to the state of the market and cautioned towards investing in blockchain belongings or mining tools in view of the overall uncertainty.

在邁阿密 Crypto Join Palm Seashore 與觀眾聊天時，Wuckert 表達了他對市場狀況的擔憂，並警告鑑於總體不確定性，不要投資區塊鏈資產或挖礦工具。

He underlined the complexity led to by electrical energy use, declaring that miners’ important energy consumption generates revenue potential through energy arbitrage, subsequently aggravating the economics of Bitcoin mining.

他強調了電能使用帶來的複雜性，宣稱礦工的重要能源消耗透過能源套利產生收入潛力，加劇了比特幣挖礦的經濟性。

Centralization Questions, Anyone?

有人有中心化問題嗎？

The centralising of mining energy raises rising questions throughout the Bitcoin group. Two mining swimming pools, Foundry and Antpool, have emerged as main gamers accountable for mining 54% of all Bitcoin blocks over the earlier 12 months, in accordance knowledge from Gorilla Pool’s information launch and a June Bitcoin.com evaluation.

採礦能源的集中化在整個比特幣集團中引發了越來越多的問題。根據 Gorilla Pool 發布的信息和 6 月 Bitcoin.com 的評估，Foundry 和 Antpool 這兩個礦池已成為主要玩家，在過去 12 個月中開採了 54% 的比特幣區塊。

By aggregating their computational capabilities, mining swimming pools let particular person miners maximise their probabilities of successfully extracting blocks. But this method has resulted in a state of affairs whereby a small variety of highly effective firms management a substantial share of the hashrate of the community. Such centralising compromises the distributed character of Bitcoin, thereby rising the vulnerability of the community to potential safety dangers and governance issues.

透過聚合他們的運算能力，採礦池可以讓特定的礦工最大限度地提高成功提取區塊的機率。但這種方法導致了一種情況，即少數高效公司管理著社區算力的很大一部分。這種中心化損害了比特幣的分散式特徵，從而增加了社區面臨潛在安全危險和治理問題的脆弱性。

The Street Forward

街道前進

For miners, the altering economics of Bitcoin mining create a troublesome and complicated environment. Report-high hashrates mixed with dropping hash costs are pinching profitability and making miners negotiate a very aggressive market.

對礦工來說，比特幣挖礦經濟的變化創造了一個麻煩而複雜的環境。報告顯示的高算力和不斷下降的算力成本正在擠壓獲利能力，並使礦商在一個非常激進的市場上進行談判。

Featured picture from Pexels, chart from TradingView

精選圖片來自 Pexels，圖表來自 TradingView