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.
比特幣（加密貨幣：BTC）礦工可能會鬆一口氣，因爲該網絡經歷了自2022年11月以來最大規模的負難度調整。
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.
發生了什麼：根據CryptoQuant的研究主管胡利奧·莫雷諾的說法，比特幣區塊鏈經歷了今年的第四次負難度調整，這使受減半的行業更容易生產區塊和產生新的比特幣。
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
有跡象表明 #Bitcoin 礦工在減半後承受壓力：
由於減半後收入急劇下降，礦工目前的工資不足是自2020年3月COVID暴跌以來的最大工資。
結果，哈希率下降了，該網絡今天經歷了... pic.twitter.com/2eppyr5BJQ— 胡里奧·莫雷諾 (@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個區塊或大約兩週調整一次採礦難度，以確保區塊生產時間保持在10分鐘。它與哈希率（礦工專用的計算能力）呈正相關。
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.
根據哈希率指數，最近5.7％的難度下降可能是對哈希率的7天移動平均線下降10％的回應，從減半日的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."
爲何重要：四年一次的減半削減了區塊獎勵，嚴重影響了礦工的收入來源。CryptoQuant的莫雷諾指出：“由於減半後收入急劇下降，礦工目前的工資少於2020年3月COVID暴跌以來的最高水平。”
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.
收益損失促使許多參與者，尤其是那些小規模運營的參與者，關閉機器並放棄市場。這導致了哈希率下降，隨後導致了負的難度調整。
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."
盧克索礦池首席執行官尼克·漢森也贊同這一觀點，據報道，他告訴Decrypt，“如果沒有足夠的利潤讓礦工獲利，他們就會關閉，這會導致哈希率下降。”
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.
儘管如此，礦業公司Optiminer的首席執行官斯科特·諾里斯指出，這對該行業的未來增長來說是個好兆頭。他告訴Decrypt：“計劃得當的礦工將成長，或者那些停業的礦工將獲得更新的技術，找到更便宜的能源，而每個人都在等待價格反映減半。”
With difficulty lowered and competition lessened, mining costs could decrease, providing temporary relief for the sector.
隨着困難的降低和競爭的減弱，採礦成本可能會降低，從而爲該行業提供臨時緩解。
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%.
礦工通過生產的每個區塊的固定補貼獲得大部分收入。減半會嚴重攻擊這個組件，因爲每次出現都會使獎勵減少 50%。
Price Action: At the time of writing, Bitcoin was trading up 2.81% to $62919.46, according to data from Benzinga Pro.
價格走勢：根據Benzinga Pro的數據，在撰寫本文時，比特幣的交易價格上漲2.81％，至62919.46美元。
Photo by Gaston Cerliani on Shutterstock
照片由 Gaston Cerliani 在 Shutterstock 上拍攝