比特币矿工通过符文协议的推出获利，抵消影响减半

尽管预期比特币将减半，但由于交易费用增加，矿商的收入却大幅增长。 Runes 协议的推出利用未花费的交易输出（UTXO）在比特币上发行可替代代币，该协议的推出导致网络费用飙升，导致矿工收入破纪录。

Bitcoin Miners Benefit from Runes Protocol Launch Amidst Halving Impact

比特币矿工受益于符文协议的推出，影响减半

On April 19, 2024, the highly anticipated Bitcoin halving occurred at 8:09 p.m. ET, reducing the block subsidy reward from 6.25 BTC to 3.125 BTC. While this event was anticipated to significantly lower Bitcoin miners' revenue, an unexpected surge in network transaction fees has propelled miner income to a record high.

2024 年 4 月 19 日晚上 8:09，备受期待的比特币减半发生。 ET，将区块补贴奖励从 6.25 BTC 减少至 3.125 BTC。尽管预计这一事件将显着降低比特币矿工的收入，但网络交易费用的意外激增已将矿工收入推升至历史新高。

Statistics from Ycharts reveal that on April 20, the day following the halving, miner revenue reached an unprecedented $107.8 million. Approximately 75% of this revenue, amounting to over $81 million, originated from transaction fees. The average transaction fee peaked at a record $127.97.

Ycharts 的统计数据显示，4 月 20 日，即减半后的第二天，矿工收入达到了前所未有的 1.078 亿美元。该收入中约 75%（超过 8100 万美元）来​​自交易费用。平均交易费用达到创纪录的 127.97 美元。

The surge in network fees is largely attributed to the launch of Runes, a protocol developed by Casey Rodamor, the creator of Bitcoin Ordinals. Runes leverages Unspent Transaction Output (UTXO) as the basis for issuing fungible tokens on Bitcoin.

网络费用的飙升很大程度上归因于 Runes 的推出，这是由比特币 Ordinals 的创建者 Casey Rodamor 开发的协议。 Runes 利用未花费的交易输出（UTXO）作为在比特币上发行可替代代币的基础。

Runes enables users to inscribe immutable attributes and governance rules into tokens, with options for open or closed minting. Although initially intended to alleviate congestion caused by BRC-20 tokens, the overwhelming number of Runes projects launched post-release suggests an unintended opposite effect.

Runes 使用户能够将不可变的属性和治理规则写入代币中，并可选择开放或封闭铸造。尽管最初的目的是缓解 BRC-20 代币造成的拥堵，但发布后启动的大量 Runes 项目表明了意想不到的相反效果。

"In the initial 18 blocks alone, over $20 million in fees have been incurred, primarily due to Runes issuance," remarked Jimmy Song, an independent Bitcoin developer, in a blog post. "At this rate, Runes issuers would spend $150 million daily or $1 billion weekly."

“仅在最初的 18 个区块中，就产生了超过 2000 万美元的费用，主要是由于符文的发行，”独立比特币开发商吉米·宋 (Jimmy Song) 在一篇博客文章中表示。 “按照这个速度，符文发行者每天将花费 1.5 亿美元，每周将花费 10 亿美元。”

Prior to the halving, miners earned approximately 6.5 BTC per block, comprising the 6.25 subsidy and negligible transaction fees. Post-halving, despite the 3.125 subsidy, block rewards have exceeded 7 BTC due to the elevated transaction fees.

在减半之前，矿工每个区块赚取约 6.5 BTC，其中包括 6.25 BTC 的补贴和微不足道的交易费用。减半后，尽管有3.125的补贴，但由于交易费用上涨，区块奖励已超过7 BTC。

As of Sunday evening, average transaction fees on Bitcoin have stabilized between 5 and 7 BTC per block, comparable to pre-halving levels.

截至周日晚上，比特币的平均交易费用已稳定在每个区块 5 至 7 BTC 之间，与减半前的水平相当。

"If fees decline further, which I do not anticipate, I expect a reduction in network hashrate," observed a market analyst on X. "This would be advantageous for efficient miners, with low energy costs being an added benefit."

X 上的一位市场分析师表示：“如果费用进一步下降（我没有预料到），我预计网络算力会下降。这对高效的矿工来说是有利的，因为低能源成本是一个额外的好处。”

The impact of Runes and the post-halving transaction fee surge has highlighted the evolving nature of Bitcoin mining revenue streams. While the halving reduced the block subsidy, the protocol's ability to generate value and support ancillary services, such as Runes, has demonstrated the resilience and adaptability of the Bitcoin mining industry.

符文的影响和减半后交易费用的激增凸显了比特币挖矿收入流不断变化的性质。虽然减半减少了区块补贴，但该协议产生价值和支持符文等辅助服务的能力证明了比特币采矿业的弹性和适应性。