减半倒计时，前 5 名比特币矿业巨头坚守阵地

尽管比特币减半即将到来，但排名前五的比特币矿业公司仍没有出售其比特币。 2024 年第一季度，这些矿工卖出了约 2000 枚 BTC，达到两年来的最低水平。这种保守的做法与他们在 2023 年第四季度出售了超过 7,000 BTC 形成鲜明对比。尽管由于区块发行量减少和算力增加，减半后挖矿盈利能力可能会下降，但矿商收入环比增长了 30%，超过 45 亿美元。

Five Largest Bitcoin Mining Firms Refrain from Selling Amidst Halving Countdown

五家最大的比特币矿业公司在减半倒计时期间不出售比特币

As the highly anticipated Bitcoin (BTC) halving approaches, the industry's leading mining firms have adopted a conservative stance, exhibiting a significant decline in Bitcoin sales. According to a recent report by Bitwise, the top five Bitcoin mining firms sold approximately 2,000 BTC in the first quarter of 2024, marking a two-year low. This compares starkly to the substantial 7,000 BTC sold by these firms during the fourth quarter of 2023.

随着备受期待的比特币（BTC）减半临近，业界领先的矿业公司采取了保守立场，比特币销量大幅下降。根据 Bitwise 最近的一份报告，前五名比特币挖矿公司在 2024 年第一季度出售了约 2,000 枚比特币，创下两年来的新低。这与这些公司在 2023 年第四季度出售的 7,000 枚 BTC 形成鲜明对比。

The impending Bitcoin halving, scheduled for the coming days, will witness a reduction in block issuance rewards from 6.25 BTC to 3.125 BTC per mined block. This significant decrease, coupled with the steadily increasing Bitcoin hash rate, has raised concerns about the profitability of mining firms post-halving.

即将到来的比特币减半预计将在未来几天进行，届时区块发行奖励将从每个开采区块的 6.25 BTC 减少至 3.125 BTC。这种显着的下降，加上比特币哈希率的稳步上升，引发了人们对减半后矿业公司盈利能力的担忧。

Despite the potential challenges posed by the halving, Bitcoin miner revenue experienced a remarkable 30% quarter-over-quarter increase, reaching a notable high of $4.5 billion. Laurent Benayoun, CEO of Acheron Trading, expressed cautious optimism regarding the potential impact of the halving on miner revenue:

尽管减半带来了潜在的挑战，但比特币矿机收入环比增长了 30%，达到 45 亿美元的显着高点。 Acheron Trading 首席执行官 Laurent Benayoun 对减半对矿商收入的潜在影响表示谨慎乐观：

"In dollar terms, it's not apparent that miners would be at a disadvantage after the halving. Quite the contrary, the decline in mining rewards is likely to be offset by an increase in network fees."

“以美元计算，矿工在减半后处于不利地位并不明显。恰恰相反，挖矿奖励的下降可能会被网络费用的增加所抵消。”

However, historical data indicates that Bitcoin miner revenue has consistently declined in the months following halving events. After the 2020 halving, monthly revenue dropped by 40%, while a steeper decline of over 51% was observed post-halving in 2016.

然而，历史数据表明，比特币矿机收入在减半事件发生后的几个月内持续下降。 2020 年减半后，月收入下降了 40%，而 2016 年减半后下降幅度更大，超过 51%。

Amongst the top five mining firms, Marathon Digital emerged as the most prolific miner, generating over 2,500 BTC in the first quarter of 2024. However, this figure still falls short of the 4,000 BTC produced during the fourth quarter of 2023. Despite its high production, Marathon Digital also incurred the highest mining cost at $22,249 per BTC, significantly higher than Cipher Mining's average cost of $8,626 per BTC during the same period.

在排名前五的矿业公司中，Marathon Digital 成为最多产的矿商，在 2024 年第一季度生产了超过 2,500 BTC。然而，这个数字仍低于 2023 年第四季度生产的 4,000 BTC。尽管其产量很高其中，Marathon Digital 的挖矿成本也最高，为每 BTC 22,249 美元，显着高于 Cipher Mining 同期每 BTC 8,626 美元的平均成本。

Bitcoin miners currently hold a substantial 700,000 BTC, representing approximately 3.4% of the total circulating supply. The majority of Bitcoin, or 57% (approximately 12 million), is held by individual investors. The supply of Bitcoin on exchanges is projected to be depleted within the next nine months, highlighting the growing scarcity of the digital asset.

比特币矿工目前持有大量 700,000 BTC，约占流通总量的 3.4%。大部分比特币，即 57%（约 1200 万枚）由个人投资者持有。预计交易所上的比特币供应将在未来九个月内耗尽，这凸显了数字资产的日益稀缺。

As the Bitcoin halving draws near, the industry anxiously awaits its potential implications. While some miners may face challenges due to reduced block rewards, others anticipate potential gains through increased network fees. The post-halving landscape remains uncertain, but the conservative stance adopted by leading mining firms suggests a cautious approach as the industry navigates this momentous event.

随着比特币减半的临近，业界焦急地等待其潜在影响。虽然一些矿工可能会因区块奖励减少而面临挑战，但其他矿工则预计通过增加网络费用可以获得潜在收益。减半后的前景仍然不确定，但领先矿业公司采取的保守立场表明，该行业在应对这一重大事件时将采取谨慎的态度。