尽管资产处于看跌轨迹，但比特币（BTC）挖矿算力仍创下历史新高（ATH）

“挖矿算力”是指跟踪矿工作为一个整体连接到比特币区块链的计算能力总量的指标。

The total computing power dedicated to mining Bitcoin (BTC) has just hit a new all-time high (ATH) despite the asset’s bearish trajectory.

尽管比特币资产处于看跌轨迹，但用于开采比特币 (BTC) 的总计算能力刚刚创下历史新高 (ATH)。

7-Day Average Bitcoin Mining Hashrate Has Shot Up Recently

近期比特币7日平均挖矿算力大幅上升

The “Mining Hashrate” is a metric that measures the total amount of computing power connected to the Bitcoin blockchain by miners. This computing power is necessary for miners due to the BTC network’s Proof-of-Work (PoW) based consensus mechanism, which sees validators competing against each other to solve mathematical problems and add the next block to the chain.

“挖矿算力”是衡量矿工连接到比特币区块链的计算能力总量的指标。由于 BTC 网络基于工作量证明 (PoW) 的共识机制，这种计算能力对于矿工来说是必需的，验证者相互竞争来解决数学问题并将下一个区块添加到链中。

Thus, the hashrate can serve as an indicator of how miners view the cryptocurrency. An increase in the metric may suggest that these validators find the asset attractive at the moment, leading to new miners joining the scene and/or existing ones expanding their operations.

因此，算力可以作为矿工如何看待加密货币的指标。该指标的增加可能表明这些验证者发现该资产目前很有吸引力，从而导致新矿工加入场景和/或现有矿工扩大其运营。

On the other hand, a decrease in hashrate implies that some miners have decided to disconnect from the network, possibly because they no longer find BTC mining to be profitable.

另一方面，算力下降意味着一些矿工决定断开与网络的连接，可能是因为他们不再发现 BTC 挖矿有利可图。

Now, here is a chart that shows the trend in the 7-day average Bitcoin Mining Hashrate over the past year:

现在，这是一张图表，显示了过去一年中比特币挖矿7天平均算力的趋势：

According to the above graph, the 7-day average Bitcoin Mining Hashrate shot up to set a new record high for the metric towards the end of July. However, after this peak, the indicator saw a rapid decline and it wasn’t until the second half of August that the metric made some recovery.

根据上图，7月底比特币挖矿7日平均算力飙升，创下该指标的新纪录高点。然而，在这个峰值之后，该指标迅速下跌，直到8月下半月该指标才有所回升。

This recovery continued for a short while, but the indicator ended the month with a retrace back to the earlier lows. As for why these trends played out the way they did, the corresponding BTC price action could hold the answer.

这种复苏持续了很短一段时间，但该指标在本月结束时回撤至早些时候的低点。至于为什么这些趋势会以这种方式发挥作用，相应的比特币价格走势可以找到答案。

The Bitcoin miners derive the majority of their income from the block subsidy that they receive for solving blocks on the network. One aspect of the chain is that these rewards remain fixed in BTC value and are also awarded at roughly regular time intervals.

比特币矿工的大部分收入来自他们因解决网络上的区块而获得的区块补贴。该链的一个方面是，这些奖励保持固定的 BTC 价值，并且也大致按固定的时间间隔授予。

This means that there is really only one variable associated with them: the USD value of the cryptocurrency. As a result, whenever the price goes up, so does the revenue of the miners. The late July peak in hashrate occurred as BTC rallied towards the $70,000 level, while the decline that followed this peak took place as the asset itself saw a sharp drawdown.

这意味着实际上只有一个变量与它们相关：加密货币的美元价值。因此，每当价格上涨时，矿工的收入也会上涨。 7 月下旬，随着 BTC 反弹至 70,000 美元的水平，算力出现峰值，而随着该资产本身的急剧下跌，该峰值之后的下跌也发生了。

However, since September began, the 7-day average Bitcoin Mining Hashrate has been rising despite the fact that the price has been continuously falling instead.

然而，进入9月份以来，比特币7日平均算力却在价格不断下跌的情况下不断上涨。

This suggests that the miners have decided to take a bold step and expand their operations in anticipation of a future rally. The hashrate had also shown a similar trend earlier this year, which led to the rally towards the ATH price for BTC.

这表明矿商已决定采取大胆的步骤并扩大业务，以应对未来的反弹。今年早些时候，算力也表现出了类似的趋势，导致 BTC 的 ATH 价格上涨。

It now remains to be seen whether this expansion of the hashrate to a new ATH will work out for the Bitcoin miners this time as well or not.

现在还不清楚这次算力扩展到新的 ATH 是否也会对比特币矿工有利。

BTC Price

比特币价格

At the time of writing, Bitcoin is trading at around $55,100, down almost 6% over the last seven days.

截至撰写本文时，比特币交易价格约为 55,100 美元，在过去 7 天里下跌了近 6%。