比特币矿工在历史性难度下降中面临不确定性，为网络的未来蒙上阴影

5 月 10 日，比特币挖矿难度暴跌 6%，创下 2021 年 7 月以来最大百分比跌幅。这种急剧下降表明，由于减半后的经济压力，大量矿工正在离开网络。最初预计序数和符文将通过增加交易费用来增加矿工收入，但随着活动的平淡，却未能实现。由于符文和序数无法提供喘息的机会，矿工依赖于标准交易费用，这可能会导致规模更大、效率更高的参与者进一步整合采矿权。

Bitcoin Miners Grapple with Unprecedented Difficulty Drop, Casting Doubt on Network's Future

比特币矿工努力应对前所未有的难度下降，对网络的未来产生怀疑

In a seismic shift that has sent shockwaves through the Bitcoin mining community, the network's difficulty has plummeted by a staggering 6%, the largest percentage decline since July 2021. This dramatic adjustment, a direct consequence of the highly anticipated halving event on April 19, has fueled widespread speculation about the fate of Bitcoin miners, with many fearing an impending exodus.

比特币挖矿社区发生了巨大的变化，网络难度骤降了 6%，这是自 2021 年 7 月以来最大的百分比跌幅。这一戏剧性的调整是 4 月 19 日备受期待的减半事件的直接后果，引发了人们对比特币矿工命运的广泛猜测，许多人担心即将出现大批矿工外流。

The halving, a pre-programmed feature that occurs every four years, reduces the block reward for miners by half, from 6.25 BTC to 3.125 BTC. This drastic reduction in revenue has placed immense pressure on miners, already struggling to make ends meet. The post-halving period has witnessed a precipitous drop in daily mining revenue, from a peak of $107.8 million in the lead-up to the event to a meager $29.9 million on May 9, the lowest level in 29 weeks.

减半是每四年发生一次的预编程功能，它将矿工的区块奖励减少一半，从 6.25 BTC 减少到 3.125 BTC。收入的大幅减少给已经入不敷出的矿工带来了巨大的压力。减半后的每日挖矿收入急剧下降，从减半前的峰值 1.078 亿美元降至 5 月 9 日的 2990 万美元，为 29 周以来的最低水平。

Compounding the miners' woes is the lackluster performance of Ordinals and Runes, two protocols that were touted as potential saviors post-halving. Ordinals, which allows for the inscription of images and other digital content on the Bitcoin blockchain, enjoyed a brief surge in activity upon its launch in January 2023. However, its popularity has since waned, with daily inscriptions plummeting from 480,000 at its peak to a mere 15,333 on May 8. Fees generated by Ordinals have also taken a nosedive, from a peak of $321,263 on April 26 to just $719 on May 9.

序号和符文的低迷表现加剧了矿工的困境，这两种协议被吹捧为减半后的潜在救世主。 Ordinals 允许在比特币区块链上刻录图像和其他数字内容，自 2023 年 1 月推出以来，其活跃度曾短暂激增。然而，此后其受欢迎程度逐渐减弱，每日刻录量从巅峰时期的 480,000 次直线下降至5 月 8 日仅为 15,333 美元。Ordinals 产生的费用也急剧下降，从 4 月 26 日的峰值 321,263 美元降至 5 月 9 日的仅为 719 美元。

Runes, another protocol designed to bring meme coins to the Bitcoin base layer, has also failed to live up to expectations. Despite initial optimism that it would drive up transaction fees and offset the impact of the halving, Runes activity has flatlined. The number of transactions has plummeted from a peak of 23,061 on April 26 to a mere 43 by May 9, and fees have dwindled to a negligible $719.

Runes 是另一个旨在将 meme 币带入比特币基础层的协议，也未能达到预期。尽管最初乐观地认为这将推高交易费用并抵消减半的影响，但符文活动已趋于平缓。交易数量从 4 月 26 日的峰值 23,061 笔骤降到 5 月 9 日的仅仅 43 笔，费用也降至微不足道的 719 美元。

With both Ordinals and Runes failing to provide the anticipated boost in revenue, Bitcoin miners are left with little choice but to rely on standard transaction fees from users moving BTC. However, these fees have also been insufficient to offset the halving's impact, leaving miners grappling with razor-thin margins.

由于序数和符文都未能提供预期的收入增长，比特币矿工别无选择，只能依赖转移 BTC 的用户的标准交易费用。然而，这些费用也不足以抵消减半的影响，导致矿商面临微薄的利润。

The declining difficulty, a cumulative metric, serves as a stark reminder of the challenges facing Bitcoin miners. As less profitable operations are forced to shut down, it paves the way for further consolidation of mining power among larger, more efficient players. This trend could ultimately lead to a more centralized Bitcoin network, raising concerns about its long-term security and decentralization.

难度的下降是一个累积指标，它清楚地提醒人们比特币矿工面临的挑战。由于利润较低的业务被迫关闭，这为规模更大、效率更高的参与者进一步整合采矿能力铺平了道路。这种趋势最终可能会导致比特币网络更加中心化，引发人们对其长期安全性和去中心化的担忧。

While it is premature to declare Runes a flop, given its nascent stage, the protocol's underwhelming performance has dampened hopes that it could provide a lifeline to struggling miners. The crypto community is closely monitoring the situation, with many expressing doubts about the future of Bitcoin mining in the face of such adversity.

虽然现在宣布 Runes 失败还为时过早，但考虑到它还处于起步阶段，但该协议平淡无奇的表现已经挫伤了人们对其为苦苦挣扎的矿工提供救生索的希望。加密社区正在密切关注事态发展，面对这种逆境，许多人对比特币挖矿的未来表示怀疑。

As miners continue to face unprecedented pressure, the fate of the Bitcoin network hangs in the balance. The coming months will be crucial in determining whether the halving event will mark the beginning of a new era for Bitcoin mining or a slow and painful decline.

随着矿工继续面临前所未有的压力，比特币网络的命运悬而未决。未来几个月对于确定减半事件是否标志着比特币挖矿新时代的开始，还是缓慢而痛苦的衰退至关重要。