随着算力跌至 3 月初以来的最低水平，比特币 (BTC) 矿工纷纷投降

“挖矿算力”是指跟踪矿工当前连接到比特币区块链的总计算能力的指标。

The Bitcoin mining hashrate has declined to the lowest since early March. This indicator, which measures the total computing power connected to the Bitcoin blockchain, could be considered a proxy for the sentiment among the miners.

比特币挖矿算力已降至 3 月初以来的最低水平。该指标衡量与比特币区块链相关的总计算能力，可以被视为矿工情绪的代表。

When the indicator’s value increases, it suggests that existing miners are expanding their mining farms and new miners are entering the space, indicating that the blockchain is looking attractive to these chain validators.

当该指标的值增加时，表明现有矿工正在扩大其矿场，并且新矿工正在进入该领域，这表明区块链对这些链验证者具有吸引力。

On the other hand, the metric registering a decline implies that some miners have decided to bring their machines offline, potentially because they are no longer finding the cryptocurrency profitable.

另一方面，指标下降意味着一些矿工已经决定让他们的机器离线，可能是因为他们不再发现加密货币有利可图。

Now, here is a chart that shows the 7-day average Bitcoin mining hashrate over the past year:

现在，这是一张显示过去一年 7 天平均比特币挖矿哈希率的图表：

As you can see in the above graph, the 7-day average Bitcoin mining hashrate set a new all-time high (ATH) last month, but the metric has since been going through a drawdown. This decline will likely be the bearish momentum that the cryptocurrency’s price has been observing.

正如您在上图中看到的那样，比特币 7 天平均挖矿哈希率上个月创下了历史新高 (ATH)，但该指标此后一直在下降。这种下跌可能是加密货币价格一直观察到的看跌势头。

Miners make most of their revenue through the BTC block rewards that they receive as compensation for solving blocks. These rewards are fixed in value and more or less fixed in frequency. As such, the only variable related to them is the spot price of BTC.

矿工的大部分收入都是通过 BTC 区块奖励来获得的，这些奖励是他们解决区块时获得的补偿。这些奖励的价值是固定的，频率也或多或少是固定的。因此，与它们相关的唯一变量是 BTC 的现货价格。

When the price of the asset drops, so does the value of the rewards that these miners are getting, which naturally leads to a decrease in revenue. Bitcoin has taken a sizeable hit recently, so it makes sense that some miners have gone underwater.

当资产价格下跌时，这些矿工获得的奖励价值也会下降，这自然会导致收入减少。比特币最近遭受了相当大的打击，因此一些矿工陷入困境是有道理的。

Following the most recent leg down in the mining hashrate, its value has plunged to its lowest since early March. If BTC persists at its current lows or declines further, the indicator will likely extend its fall.

在最近一次挖矿算力下降之后，其价值已跌至 3 月初以来的最低水平。如果比特币持续处于当前低点或进一步下跌，该指标可能会延续跌势。

Because of the miners’ distress, they have also been selling their stored-up rewards recently, as an analyst pointed out in a CryptoQuant Quicktake post.

正如一位分析师在 CryptoQuant Quicktake 帖子中指出的那样，由于矿工的困境，他们最近也一直在出售储存的奖励。

The above chart shows the trend in the Bitcoin balance for the over-the-counter (OTC) desks. It would appear that this metric has observed a notable increase recently. According to the quant, the selling moves from the BTC miners have been a factor behind this growth.

上图显示了场外交易（OTC）柜台的比特币余额趋势。看来该指标最近出现了显着增长。据量化分析师称，比特币矿商的抛售行为是这一增长背后的一个因素。

BTC Price

比特币价格

Bitcoin is trading near the lower end of its recent consolidation range as its price is around $61,700.

比特币目前交易价格接近近期盘整区间的下限，价格约为 61,700 美元。