美国超过中国作为顶级比特币采矿枢纽，引发了有关北京如何回应的问题

剑桥最近的一份报告证实，美国现在领导全球比特币采矿，引发了有关中国将如何反应的问题。

The U.S. has become the world’s largest Bitcoin mining hub, according to a recent report by the Cambridge Centre for Alternative Finance (CCAF). The report, which was published in July, found that the U.S. now accounts for 75.4% of the reported hashrate.

根据剑桥替代金融中心（CCAF）最近的一份报告，美国已成为世界上最大的比特币采矿中心。该报告于7月份发布，发现美国现在占报告的哈希拉特的75.4％。

This newest development showcases a reversal of power in terms of Bitcoin mining. Back in 2017, China was already identified as the world’s leading Bitcoin mining nation. At one point, the Asian nation contributed up to 75% of the global hash rate.

这项最新的开发在比特币采矿方面展示了权力的逆转。早在2017年，中国就已经被确定为世界领先的比特币采矿国家。有一次，亚洲国家贡献了全球哈希税率的75％。

However, towards the end of 2021, the Middle Kingdom declared all crypto-related transactions as illegal, rendering any use of crypto-assets in China invalid. This move prohibited Chinese citizens from trading on foreign cryptocurrency exchanges.

但是，到2021年底，中间王国宣布所有与加密相关的交易是非法的，使中国的加密资产使用无效。此举禁止中国公民进行外国加密货币交易所交易。

But China has a history of quickly adapting to geopolitical shifts that could affect its economic standing, and the current climate may present such a challenge.

但是中国有迅速适应可能影响其经济地位的地缘政治转变的历史，当前的气候可能会带来这样的挑战。

What Is the Latest on Bitcoin Mining in China?

中国最新的比特币开采是什么？

Despite China’s well-known stance on crypto, reports from July indicate that the country’s hashrate contributes about 15% of the global total, according to Bitcoin environmental impact analyst Daniel Batten.

尽管中国对加密货币的著名立场，但七月的报道表明，该国的哈希拉特岛占全球总数的15％，但根据比特币环境影响分析师丹尼尔·巴顿（Daniel Batten）的数据。

This is despite the fact that at least four Chinese provinces began shutting down mining operations in 2021 amid concerns over excessive energy consumption. Earlier that year, the National Development and Reform Commission of China (NDRC) also released a draft law which would categorize cryptocurrency mining as an “undesirable industry.”

尽管这一事实是，至少有四个中国省开始在2021年关闭采矿业务，这是由于对过度能源消耗的担忧。当年早些时候，中国国家发展与改革委员会（NDRC）也发布了一项法律草案，将加密货币采矿归类为“不良行业”。

However, the Asian nation is known for quickly pivoting to adjust to new economic trends. In July, representatives from The Coin Bureau and Wanchain spoke with BeInCrypto about what might encourage China to change its stance on digital assets.

但是，亚洲国家以迅速调整以适应新的经济趋势而闻名。 7月，来自硬币局和旺欣的代表与贝克里普托（Beincrypto）谈了什么可能鼓励中国改变其对数字资产的立场。

Discussing the new CCAF report, which found that the U.S. has overtaken China as the top crypto mining hub, the Coin Bureau’s co-founder, Nic Puckrin, said that the combination of Trump’s trade friction and the U.S.’s invigorated push for crypto dominance might be enough to make China reconsider its position.

在讨论新的CCAF报告时，该报告发现，美国硬币局的联合创始人尼克·普克林（Nic Puckrin）说，美国已经超过了中国，他说，特朗普的贸易摩擦和美国为加密统治的激动人心的努力的结合可能足以使中国重新占领自己的位置。

“It’s unlikely China will make a public U-turn on its crypto mining and trading ban anytime be but with US-based miners now accounting for higher and higher proportions of Bitcoin’s hashrate, China is bound to be paying attention and may well be quietly reassessing its stance.”

“中国不太可能会随时公开对其加密矿业开采和交易禁令进行公开拒绝，但总部位于美国的矿工现在占比特币的哈希拉特的比例越来越高，中国一定会引起人们的注意，很可能会悄悄地重新评估其立场。”

China also has a geographical advantage over the U.S., especially when it comes to technological advancements. Crypto mining, especially for proof-of-work cryptocurrencies like Bitcoin, depends on Application-Specific Integrated Circuit (ASIC) equipment to carry out the necessary complex calculations for validation and mining.

中国也比美国具有地理优势，尤其是在技术进步方面。加密挖掘，尤其是用于比特币等工作证明的加密货币，取决于应用特定的集成电路（ASIC）设备，以进行必要的复杂计算以进行验证和采矿。

China’s position as a top exporter of crypto mining hardware, particularly to the U.S., provides it with an edge should it decide to quickly ramp up its mining sector again. But the unfolding tariff dispute between the two nations adds another layer of complexity to the long-term cost efficiency of U.S. mining operations.

中国作为加密矿业硬件的顶级出口国，特别是对美国的高级出口商，如果它决定再次迅速升级其采矿业，则可以为其提供优势。但是，两国之间的关税纠纷为美国采矿业务的长期成本效率增加了另一层复杂性。

This factor, along with the U.S.’s competitive edge in crypto mining and renewed hostility over trade policy might motivate China to quickly cooperate.

这一因素以及美国在加密矿业开采方面的竞争优势以及对贸易政策的重新敌意可能激发中国迅速合作。

China’s Plans for Digital Currency

中国的数字货币计划

Even though China is against the use of cryptocurrencies, it might still see the value in digital assets to counterbalance the U.S. dollar’s world currency dominance.

尽管中国反对使用加密货币，但仍可能看到数字资产的价值以抵消美元的世界货币统治地位。

Several countries are either adopting or considering central bank digital currencies (CBDCs) to strengthen their domestic currencies. China is at the forefront of these developments.

几个国家要么采用或考虑中央银行数字货币（CBDC）来加强其家用货币。中国处于这些发展的最前沿。

“Despite the ban on Bitcoin mining, China has actively participated in the digital asset space, e.g., with initiatives like CDBC research and the digital yuan, or e-CNY,” added Wanchain CEO, Temujin Louie.

Wanchain首席执行官Temujin Louie补充说：“尽管禁止比特币采矿，但中国还是通过CDBC Research和Digital Yuan或E-CNY等计划积极参与了数字资产领域。”

Indeed, China’s efforts to create a digital yuan are partly driven by its desire to de-dollarize its economy and lessen its dependence on the greenback.

的确，中国创建数字人民币的努力部分是由于其渴望使经济取消经济并减少对绿色的依赖的愿望所驱动。

According to Louie, whatever move China makes won’t be solely based on what the U.S. does or does not do. But it will be interesting to see how these broader macroeconomic and geopolitical trends will factor into China’s thinking in the second half of 2024.

根据路易的说法，无论中国采取的任何行动都不会仅仅基于美国的所作所为。但是，有趣的是，这些更广泛的宏观经济和地缘政治趋势将如何影响2024年下半年中国的思想。

“As always, with China, a nuanced approach is best. Any shifts in policy will not be due to US tariffs. Rather, China’s decisions will be informed by global market trends and China’s own domestic strategy.”

“与往常一样，有了中国，最好的方法是最好的。政策上的任何变化都不会归功于美国的关税。相反，中国的决定将由全球市场趋势和中国自己的国内战略告知。”

This signals that the unfolding tariff dispute between the two nations will add another layer of complexity to the long-term cost efficiency of U.S. mining operations.

这表明两国之间不断发展的关税争议将增加美国采矿业务的长期成本效率的另一层复杂性。

This factor, along with the U.S.’s competitive edge in crypto mining and renewed hostility over trade policy might motivate China to quickly cooperate.

这一因素以及美国在加密矿业开采方面的竞争优势以及对贸易政策的重新敌意可能激发中国迅速合作。

China’s Position on Crypto and Its Zoom Out View

中国在加密货币上的立场及其缩小视图

Apart from its focus on the e-CNY, China’s complete stance on crypto has also shown some contradictions which may

除了关注E-CNY外，中国对加密的完全立场还表明了一些矛盾