挖矿难度飙升，比特币矿工纷纷投降

随着加密货币市场崩溃，比特币挖矿难度持续增加，并在 8 月初达到历史新高。

Bitcoin mining difficulty hit an all-time high in early August as crypto markets crashed, rendering most BTC mining machines unprofitable.

8 月初，随着加密货币市场崩溃，比特币挖矿难度创下历史新高，导致大多数 BTC 矿机无利可图。

Key Points

关键点

Bitcoin mining difficulty recently reached a 24th-time high since 2016.

比特币挖矿难度最近达到 2016 年以来的第 24 次新高。

At Bitcoin’s current price of $52,982, BTC mining difficulty is at a 90.67 hashrate.

以比特币当前价格 52,982 美元计算，BTC 挖矿难度为 90.67 算力。

Data shows only a handful of miners remain profitable, with most Bitcoin mining machines falling below the break-even point.

数据显示，只有少数矿商保持盈利，大多数比特币矿机都跌破了盈亏平衡点。

Bitcoin Miners Capitulate as Mining Difficulty Soars

挖矿难度飙升，比特币矿工纷纷投降

Head of Research at Galaxy Alex Thorn recently highlighted the 24th biggest increase in Bitcoin mining difficulty since 2016. According to f2pool, at Bitcoin’s current price of $52,982, BTC mining difficulty is at a 90.67 hashrate.

Galaxy 研究主管 Alex Thorn 最近强调了比特币挖矿难度自 2016 年以来的第 24 次最大增幅。根据 f2pool 的数据，以比特币当前价格 52,982 美元计算，BTC 挖矿难度为 90.67 算力。

“Today, Bitcoin has dropped to as low as $52,300. According to f2pool, when Bitcoin dropped to $52,000, only Antminer S21 Hyd and S21, Avalon A1466I, Antminer S19XP Hyd and S19XP were profitable. At $0.07/kWh, most Bitcoin mining machines have fallen below the break-even point,” WuBlockchain reported.

“今天，比特币已跌至 52,300 美元。据f2pool统计，当比特币跌至5.2万美元时，只有蚂蚁矿机S21 Hyd和S21、Avalon A1466I、蚂蚁矿机S19XP Hyd和S19XP是盈利的。以 0.07 美元/kWh 的价格，大多数比特币矿机已跌破盈亏平衡点，”WuBlockchain 报道。

Data shows only a handful of miners remain profitable, with most Bitcoin mining machines falling below the break-even point. The f2pool tool summarizes that all Bitcoin ASICs (specialized Bitcoin mining computers, machines, or generators) with a unit power consumption of 23 W/T or higher are operating at a loss.

数据显示，只有少数矿商保持盈利，大多数比特币矿机都跌破了盈亏平衡点。 f2pool工具总结称，所有单位功耗为23 W/T或更高的比特币ASIC（专用比特币挖矿计算机、机器或发电机）都在亏损运营。

This means that the cost of electricity and resources required to mine Bitcoin outweighs the rewards earned from mining. This situation can be challenging for Bitcoin miners as it puts pressure on their sustainability. To remain competitive, miners may have to make operational adjustments, such as upgrading to more efficient mining machines or reducing costs.

这意味着开采比特币所需的电力和资源成本超过了采矿所获得的回报。这种情况对比特币矿工来说可能具有挑战性，因为它给他们的可持续性带来了压力。为了保持竞争力，矿商可能必须做出运营调整，例如升级到更高效的矿机或降低成本。

Some miners may even temporarily shut down operations until market conditions improve. Indeed, this is already happening as blockchain.com data shows nosediving mining hashrate as Bitcoin slides lower.

一些矿商甚至可能暂时关闭运营，直到市场状况改善。事实上，这种情况已经发生，因为 Blockchain.com 的数据显示，随着比特币下滑，挖矿算力急剧下降。

“One still risk for miners is that fees remain depressed, so mining profitability is currently too much dependent on the price of Bitcoin,” Julio Moreno, Head of Research at Cryptoquant, told BeInCrypto.

Cryptoquant 研究主管 Julio Moreno 告诉 BeInCrypto：“矿工面临的一个风险是费用仍然低迷，因此挖矿盈利能力目前过于依赖比特币的价格。”

Miners operating at a loss can potentially affect the overall supply of Bitcoin. In addition to miners shutting down their operations due to unprofitability, other drivers could be network disruptions, regulatory changes, or natural disasters affecting mining facilities. If a significant number of miners reduce their operations or exit the market, it could decrease the supply of newly minted Bitcoins.

亏损的矿工可能会影响比特币的整体供应。除了矿商因无利可图而关闭运营外，其他驱动因素还可能是网络中断、监管变化或影响采矿设施的自然灾害。如果大量矿工减少运营或退出市场，可能会减少新铸造的比特币的供应。

“Finally looking like we get a real bitcoin mining bear market, where cost of production exceeds sales price until businesses go bust and there is consolidation to reduce costs. Remember kids, without natural predators, nature balances populations out through starvation,” Deso Games wrote.

“最终，我们看到了真正的比特币挖矿熊市，生产成本超过销售价格，直到企业破产，并进行整合以降低成本。记住孩子们，如果没有天敌，大自然就会通过饥饿来平衡人口，”Deso Games 写道。

Mining Stocks Sink Amid Market Weakness

矿业股因市场疲软而下跌

TradingView data shows that US crypto mining stocks are also sinking, mirroring Bitcoin’s weakness. Riot Platforms Inc. (RIOT) has seen a 10% decrease, bringing its share price down to $8.57. MARA, formerly Marathon Digital, is also sinking, as are Cipher Mining and Hut.

TradingView 数据显示，美国加密货币矿业股也在下跌，反映出比特币的疲软。 Riot Platforms Inc. (RIOT) 股价下跌 10%，跌至 8.57 美元。 MARA（原名 Marathon Digital）也在衰落，Cipher Mining 和 Hut 也是如此。

Other crypto-related stocks, including Coinbase and Microstrategy, are also suffering. Amid the sell-off, the global crypto market capitalization is down 13.75%.

其他与加密货币相关的股票，包括 Coinbase 和 Microstrategy，也都受到了影响。在抛售中，全球加密货币市值下跌 13.75%。

Bitcoin and major altcoins continue to see losses due to concerns about macroeconomic factors relating to Japanese stocks and geopolitical tension between Iran and Israel. Other supply overhangs disrupting the Bitcoin market include the German government’s recent sale of 50,000 BTC and distributions from the bankrupt Genesis Trading. There is also an impending sale from the US government, causing markets to cry “Black Monday.”

由于对日本股市相关宏观经济因素以及伊朗和以色列之间地缘政治紧张局势的担忧，比特币和主要山寨币继续下跌。其他扰乱比特币市场的供应过剩包括德国政府最近出售 50,000 枚比特币以及破产的 Genesis Trading 的分配。美国政府也即将出售资产，导致市场呼喊“黑色星期一”。

“Markets Crash In What Is Being Called “Black Monday.” New fears of World War 3 are escalating, markets have had their worst days in 40 years, and more than $1,000,000,000 has been liquidated from crypto in the past 24 hours,” Kyle Chasse noted.

“市场在所谓的“黑色星期一”中崩溃。对第三次世界大战的新担忧正在升级，市场经历了 40 年来最糟糕的日子，过去 24 小时内，超过 10 亿美元的加密货币被清算。”Kyle Chasse 指出。

Read more: What Causes Bitcoins Volatility?

阅读更多：是什么导致比特币波动？

While these factors have markets on alert, analysts see a potential market bottom, which would render the dip a good buy opportunity.

尽管这些因素令市场保持警惕，但分析师认为市场可能触底，这将使逢低买入成为绝佳机会。