浸入后，比特币将向其历史最高高。尽管如此，似乎为加密货币开采

在与股市崩溃时相吻合的蘸酱（还记得比特币应该是针对市场波动的对冲吗？），加密货币正在向后推迟

After a dip that coincided with when the stock market crashed (remember when Bitcoin was supposed to be a hedge against market volatility?), the cryptocurrency is pushing back up toward its all-time high. Despite that, it seems that mining for the cryptocurrency is no longer worth it, even for some larger mining operations. According to data recently published by CoinShares, the cost of electricity and computational power needed to mine for Bitcoin now often exceeds the actual value of the coin.

在股市崩溃时偶然的下降（还记得比特币应该是针对市场波动的对冲吗？）之后，加密货币正在向其历史悠久的高潮恢复。尽管如此，即使对于一些更大的采矿业务，加密货币的采矿似乎不再值得。根据Coinshares最近发布的数据，比特币所需的电力和计算能力成本通常超过硬币的实际价值。

For large mining companies, it now costs over $82,000 to mine a single Bitcoin, which is currently valued at about $95,000 at the time of publication. That is still technically profitable, though the margins have gotten mighty thin compared to where they were even just one quarter ago. It cost about $56,000 in the third quarter of 2024 to do the necessary computational calculations to mine for a Bitcoin, per CoinShares, so that price has jumped about 47% in just a few months.

对于大型采矿公司而言，挖掘一家比特币的价格超过82,000美元，该比特币目前的价值约为95,000美元。这仍然是技术上的盈利，尽管与仅一分之一前的利润相比，利润变得越来越大。在2024年的第三季度，要进行必要的计算计算，以挖掘比特币的必要计算计算，因此每次共同币的费用约为56,000美元，因此短短几个月内的价格上涨了约47％。

Of course, most people are not industrial miners. For smaller organizations, the equation leaves them underwater. For miners in the US who are operating at anything short of a massive scale, it is estimated the price is closer to $137,000 spent to mine for a single BTC. If you’re doing your mining in Germany, the math gets worse: it’ll run about $200,000 for a single coin. Neither price comes close to even Bitcoin’s all-time high, meaning you’ll have to take a loss up front and hold, hoping the cryptocurrency skyrockets to new highs in the future.

当然，大多数人不是工业矿工。对于较小的组织，该方程将它们留在水下。对于在大规模范围内运营的美国的矿工来说，估计价格接近单个BTC的价格接近137,000美元。如果您在德国进行采矿，数学会变得更糟：一枚硬币将付出约200,000美元。这两种价格都接近比特币的历史最高水平，这意味着您将不得不提前损失并保持损失，希望将来的加密货币飞机升至新的高点。

The “why” of that sudden price discrepancy has a few prongs to it (and it’s worth noting that some have argued the math on mining hasn’t worked for a while now). The first is the rising cost of electricity, an issue that is hitting the United States and many nations overseas—the result of inflation, Trump’s trade war, and increased demand from high-usage technologies like artificial intelligence. Those tariffs are also driving up the cost of mining equipment, too. There is also the fact that Bitcoin halved about a year ago, a process that lowers the reward for mining and is designed to slow the rate of new coins entering the market. So it’s getting more expensive to mine and there is less payout for doing so.

突然的价格差异中的“原因”有一些插脚（值得注意的是，有些人认为采矿的数学现在已经有一段时间没有工作了）。首先是电力成本上升，这是一个袭击美国和许多国家的问题，这是通货膨胀，特朗普的贸易战的结果以及人工智能等高USAGE技术的需求增加。这些关税也提高了采矿设备的成本。还有一个事实是，比特币大约一年前减少了一半，该过程降低了采矿的奖励，旨在减慢进入市场的新硬币的速度。因此，它的矿山变得越来越昂贵，这样做的支出较少。

For most people, nothing of value will be lost by Bitcoin mining ceasing to be profitable. But it does potentially exacerbate Bitcoin’s haves and have-nots problem. For a currency that is supposed to be decentralized and some sort of equalizer in a way that fiat isn’t, the wealth has largely accumulated at the top. According to BitInfoCharts, the top 1% of wallet addresses hold more than 90% of all BTC in circulation. If mining were ever an equalizer, it certainly isn’t now, given the cost. The rich get richer.

对于大多数人来说，比特币开采不再盈利，任何价值不会损失。但这确实会加剧比特币的遗物，并没有问题。对于本来应该是分散和某种均衡器的货币，以菲亚特的方式而言，财富在很大程度上积累了。根据Bitinfocharts的说法，最高的钱包地址占据了所有BTC的90％以上。如果采矿是一个均衡器，那么鉴于成本，现在肯定不是。富人变得更富有。