报告算力、收入下降

随着操作变得更加困难，比特币挖矿的场景正在发生变化。社区哈希率的异常范围正在造成

The dynamics of the operation are turning out to be harder, and the scene of Bitcoin mining is shifting. The extraordinary ranges of community hashrate are inflicting miners to see a big change in profitability even with Bitcoin’s virtually file buying and selling values.

操作的动态变得更加困难，比特币挖矿的场景正在发生变化。即使比特币的交易价值几乎记录在案，社区算力的巨大变化也使矿工的盈利能力发生了巨大变化。

This evolution is tightening the margins for miners and elevating questions over the long run dynamics of Bitcoin mining.

这种演变正在收紧矿工的利润，并引发了人们对比特币挖矿长期动态的质疑。

Miners Stand to Lose (Actually)

矿工可能会遭受损失（实际上）

One might anticipate miners to be making important good points as Bitcoin trades around $63,500. Truly, the reality is de facto completely different. The hashrate of the Bitcoin community has shot to an unimaginable 635 exahashes per second (EH/s). This enchancment in laptop energy has made the battle in mining even more durable.

人们可能预计，随着比特币交易价格在 63,500 美元左右，矿商将做出重要的好事。确实，现实实际上完全不同。比特币社区的哈希率已飙升至难以想象的每秒 635 exahashes (EH/s)。笔记本电脑性能的增强使得采矿业的战斗变得更加持久。

The hashrate, which measures the computing power wanted to make transactions on proof-of-work blockchain, has greater than tripled since November 2021, when Bitcoin’s worth was about the identical. It was 161 EH/s on common.

自 2021 年 11 月以来，哈希率（衡量在工作量证明区块链上进行交易所需的计算能力）已增加了两倍多，而当时比特币的价值大致相同。普通网络上的速度为 161 EH/s。

Knowledge from the Hashrate Index exhibits that the “hash worth”—the day by day earnings per terahash per second (TH/s)—has plunged to its lowest level in 5 years, now simply $51.13 as of July 16. This drop means that the price of extracting one block has grown, subsequently reducing the profitability for particular person miners even with Bitcoin’s nice market worth.

算力指数显示，“算力价值”——每秒每太拉哈希的每日收益（TH/s）——已跌至 5 年来的最低水平，截至 7 月 16 日仅为 51.13 美元。这一下降意味着尽管比特币的市场价值不错，但开采一个区块的价格却上涨了，从而降低了个别矿工的盈利能力。

Professional Views on the Matter

对此事的专业看法

Trade analysts are weighing in on the current state of affairs of Bitcoin mining. Profitability for miners utilizing SHA256 blockchains is nearly a six-year low, based on Kurt Wuckert Jr., CEO and creator of Bitcoin SV mining pool Gorilla Pool. Wuckert notes that though some US-based Bitcoin mining entities are nonetheless in operation, their ranges of profitability is enhanced by their inventory worth.

贸易分析师正在评估比特币挖矿的现状。 Bitcoin SV 矿池 Gorilla Pool 的首席执行官兼创始人 Kurt Wuckert Jr. 表示，使用 SHA256 区块链的矿工的盈利能力接近六年来的最低点。伍克特指出，尽管一些美国的比特币挖矿实体仍在运营，但它们的盈利能力因其库存价值而得到提高。

Chatting with an viewers at Crypto Join Palm Seashore in Miami, Wuckert voiced his worries in regards to the state of the market and cautioned towards investing in blockchain belongings or mining tools in view of the overall uncertainty.

在迈阿密 Crypto Join Palm Seashore 与观众聊天时，Wuckert 表达了他对市场状况的担忧，并警告鉴于总体不确定性，不要投资区块链资产或挖矿工具。

He underlined the complexity led to by electrical energy use, declaring that miners’ important energy consumption generates revenue potential through energy arbitrage, subsequently aggravating the economics of Bitcoin mining.

他强调了电能使用带来的复杂性，宣称矿工的重要能源消耗通过能源套利产生收入潜力，从而加剧了比特币挖矿的经济性。

Centralization Questions, Anyone?

有人有中心化问题吗？

The centralising of mining energy raises rising questions throughout the Bitcoin group. Two mining swimming pools, Foundry and Antpool, have emerged as main gamers accountable for mining 54% of all Bitcoin blocks over the earlier 12 months, in accordance knowledge from Gorilla Pool’s information launch and a June Bitcoin.com evaluation.

采矿能源的集中化在整个比特币集团中引发了越来越多的问题。根据 Gorilla Pool 发布的信息和 6 月份 Bitcoin.com 的评估，Foundry 和 Antpool 这两个矿池已成为主要玩家，在过去 12 个月中开采了 54% 的比特币区块。

By aggregating their computational capabilities, mining swimming pools let particular person miners maximise their probabilities of successfully extracting blocks. But this method has resulted in a state of affairs whereby a small variety of highly effective firms management a substantial share of the hashrate of the community. Such centralising compromises the distributed character of Bitcoin, thereby rising the vulnerability of the community to potential safety dangers and governance issues.

通过聚合他们的计算能力，采矿池可以让特定的矿工最大限度地提高成功提取区块的概率。但这种方法导致了一种情况，即少数高效公司管理着社区算力的很大一部分。这种中心化损害了比特币的分布式特征，从而增加了社区面临潜在安全危险和治理问题的脆弱性。

The Street Forward

街道前进

For miners, the altering economics of Bitcoin mining create a troublesome and complicated environment. Report-high hashrates mixed with dropping hash costs are pinching profitability and making miners negotiate a very aggressive market.

对于矿工来说，比特币挖矿经济的变化创造了一个麻烦而复杂的环境。报告显示的高算力和不断下降的算力成本正在挤压盈利能力，并使矿商在一个非常激进的市场上进行谈判。

Featured picture from Pexels, chart from TradingView

精选图片来自 Pexels，图表来自 TradingView