比特币BTC/USD采矿股只是碰到了一个粗糙的补丁

比特币价格下跌，采矿竞赛上升。罪魁祸首？比特币的价格下跌和采矿竞赛的增长结合。

Bitcoin BTC/USD mining stocks just hit a rough patch. According to JPMorgan analyst Reginald L. Smith, U.S.-listed miners are now trading at just 1.35x their proportional share of the four-year block reward opportunity. This marks the first time in nearly a year that valuations have fallen below the 1.7x historical average.

比特币BTC/USD采矿股只是一片粗糙的斑点。根据摩根大通分析师雷金纳德·史密斯（Reginald L.这标志着将近一年来估值低于1.7倍历史平均水平的第一次。

Bitcoin's price fell 10% in March, averaging $85,600 and briefly touching $79,000. Meanwhile, network hashrate, a key measure of mining difficulty, rose 35% year-over-year to an average of 811 EH/s.

比特币的价格在3月下降了10％，平均$ 85,600，短暂触及了79,000美元。同时，网络哈希拉特（Network Hashrate）是采矿难度的关键度量，同比增长35％，平均为811 EH/s。

With more miners vying for a slice of the pie, daily mining profitability continues to erode.

随着更多的矿工争夺一片馅饼，每天的采矿盈利能力继续侵蚀。

According to the analyst's calculations, the 14 U.S.-listed miners that JPMorgan tracks saw a combined market cap fall by 13% from Feb. 28 to March 15. This marks a $3 billion hit.

根据分析师的计算，摩根大通（JPMorgan）赛道的14名矿工从2月28日至3月15日的总市值下降了13％。这标志着30亿美元的命中率。

Only one miner outperformed Bitcoin's price movement in that span. Cipher Mining Inc CIFR led the losers with a 25% drop, while Argo Blockchain PLC ARBK was the lone miner to post a gain, rising 1%.

在这一范围内，只有一名矿工优于比特币的价格变动。 Cipher Mining Inc CIFR以25％的速度率领失败者，而Argo Blockchain PLC ARBK是孤独的矿工，可以发行增长，增长1％。

The U.S.-listed miners also saw a slight increase in their market share, collectively adding about 1 EH/s of hashpower since late January to maintain their share of the global hashrate at around 30%.

这位美国上市的矿工也看到了他们的市场份额略有增加，自1月下旬以来，总体增加了大约1 EH/s的哈希功率，以维持其在全球哈希龙的份额约为30％。

Bitfarms Ltd BITF and CleanSpark Inc CLSK saw the biggest increases in self-mining capacity. On the other hand, Core Scientific Inc CORZ and Hut 8 Corp HUT saw slight decreases in their hashpower.

Bitfarms Ltd Bitf和CleanSpark Inc Clsk认为自矿工能力的提高最大。另一方面，Core Scientific Inc Corz和Hut 8 Corp Hut的标题能力略有下降。

Now, the sector is facing a squeeze with declining Bitcoin prices and increased competition making mining a tougher business. With valuations slipping below long-term averages, the question remains: Are investors overreacting or is this a sign of tougher days ahead?

现在，该行业正面临着比特币价格下降和竞争提高的挤压，使开采变得更加艰难。由于估值低于长期平均值，问题仍然存在：投资者是否反应过度，还是未来艰难的日子的迹象？

See More: Top Cryptocurrency News Today: Bitcoin Drops As March CPI Shows Stubborn Inflation, Now Averaging $85,600 This Month

查看更多：今天的加密货币新闻：3月CPI显示顽固的通货膨胀，现在平均为85,600美元，比特币下降了

This article was originally published on Benzinga and has been modified for Clear Investing.

本文最初发表在Benzinga上，并已修改以进行清晰的投资。