Bitcoin Is Getting Less Difficult To Mine After Halving — But Is That A Good Or Bad Sign?
Bitcoin Is Getting Less Difficult To Mine After Halving — But Is That A Good Or Bad Sign?
Bitcoin (CRYPTO: BTC) miners may heave a sigh of relief as the network experienced its largest negative difficulty adjustment since November 2022.
比特币（加密货币：BTC）矿工可能会松一口气，因为该网络经历了自2022年11月以来最大规模的负难度调整。
What Happened: The Bitcoin blockchain underwent its fourth negative difficulty adjustment for the year, according to CryptoQuant's Head of Research Julio Moreno, making it easier for the halving-battered sector to produce blocks and generate new Bitcoins.
发生了什么：根据CryptoQuant的研究主管胡利奥·莫雷诺的说法，比特币区块链经历了今年的第四次负难度调整，这使受减半的行业更容易生产区块和产生新的比特币。
Signs that the average #Bitcoin miner is under pressure after the halving:
As revenue has declined sharply after the halving, Miners are currently underpaid by the most since March 2020, the COVID crash.
As a result, hashrate has declined and the network experienced today its... pic.twitter.com/2epPYR5bjq— Julio Moreno (@jjcmoreno) May 9, 2024
有迹象表明 #Bitcoin 矿工在减半后承受压力：
由于减半后收入急剧下降，矿工目前的工资不足是自2020年3月COVID暴跌以来的最大工资。
结果，哈希率下降了，该网络今天经历了... pic.twitter.com/2eppyr5BJQ— 胡里奥·莫雷诺 (@jjcmoreno) 2024 年 5 月 9 日
The mining difficulty is adjusted every 2.016 blocks, or roughly two weeks, to ensure block production time remains at 10 minutes. It is positively correlated with hash rate, the computational power dedicated by miners.
每隔2.016个区块或大约两周调整一次采矿难度，以确保区块生产时间保持在10分钟。它与哈希率（矿工专用的计算能力）呈正相关。
The latest 5.7% drop in difficulty comes as a likely response to the 10% decline in the 7-day moving average of the hash rate from 655 EH/s on the halving day to 586 EH/s as of May 10, according to Hash Rate Index.
根据哈希率指数，最近5.7％的难度下降可能是对哈希率的7天移动平均线下降10％的回应，从减半日的655 EH/s降至5月10日的586 EH/s。
Why It Matters: The quadrennial halving that slashed block rewards, severely impacted miners' revenue streams. CryptoQuant's Moreno noted, "As revenue has declined sharply after the halving, Miners are currently underpaid by the most since March 2020, the COVID crash."
为何重要：四年一次的减半削减了区块奖励，严重影响了矿工的收入来源。CryptoQuant的莫雷诺指出：“由于减半后收入急剧下降，矿工目前的工资少于2020年3月COVID暴跌以来的最高水平。”
The loss in earnings prompted many participants, particularly those operating on a small scale, to turn off their machines and abandon the market. This caused a hash rate decline and subsequently led to a negative difficulty adjustment.
收益损失促使许多参与者，尤其是那些小规模运营的参与者，关闭机器并放弃市场。这导致了哈希率下降，随后导致了负的难度调整。
The sentiment was echoed by Luxor mining pool CEO Nick Hansen who reportedly told Decrypt, "If there isn't enough margin for miners to make a profit, they turn off, which causes the hash rate to go down."
卢克索矿池首席执行官尼克·汉森也赞同这一观点，据报道，他告诉Decrypt，“如果没有足够的利润让矿工获利，他们就会关闭，这会导致哈希率下降。”
That said, CEO of mining firm Optiminer Scott Noris pointed out that this bodes well for the sector's future growth. "The miners who planned properly will grow or the ones who turned off will get newer tech and find cheaper energy while everyone waits for the price to reflect the halving," he told Decrypt.
尽管如此，矿业公司Optiminer的首席执行官斯科特·诺里斯指出，这对该行业的未来增长来说是个好兆头。他告诉Decrypt：“计划得当的矿工将成长，或者那些停业的矿工将获得更新的技术，找到更便宜的能源，而每个人都在等待价格反映减半。”
With difficulty lowered and competition lessened, mining costs could decrease, providing temporary relief for the sector.
随着困难的降低和竞争的减弱，采矿成本可能会降低，从而为该行业提供临时缓解。
Miners earn the majority of their revenues through fixed subsidies from every block produced. Halvings attack this very component severely, as each occurrence reduced rewards by 50%.
矿工通过生产的每个区块的固定补贴获得大部分收入。减半会严重攻击这个组件，因为每次出现都会使奖励减少 50%。
Price Action: At the time of writing, Bitcoin was trading up 2.81% to $62919.46, according to data from Benzinga Pro.
价格走势：根据Benzinga Pro的数据，在撰写本文时，比特币的交易价格上涨2.81％，至62919.46美元。
Photo by Gaston Cerliani on Shutterstock
照片由 Gaston Cerliani 在 Shutterstock 上拍摄