<ul>
<li>_网络算力在九月份飙升至创纪录的 742 EH。</li>
<li>_这增加了挖矿成本，削减了矿工的利润，导致他们出售了 3000 个 BTC。</li>
</ul>
<p>九月份对比特币（BTC）矿工来说是个艰难的开始，因为网络算力达到了创纪录的高度，压缩了收入。网络算力跟踪挖掘 BTC 所需的计算能力。9 月 1 日，这一指标达到了创纪录的 742 EH。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-Hashrate-1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-Hashrate-1.png"/></p>
<p>来源：CryptoQuant</p>
<p>创纪录的算力是非常出色的，因为网络安全比以往任何时候都要好。</p>
<p>然而，网络难度，即跟踪矿工发现下一个 BTC 区块的难度，仍然接近其创纪录水平的 90 万亿。</p>
<p>换句话说，矿工需要更多的计算能力来挖掘比特币，这变得越来越困难。简而言之，挖掘一枚 BTC 的平均生产成本可能会增加。这可能会给小规模矿工带来更大压力。</p>
<p>截至 9 月 3 日，挖掘一枚 BTC 的总生产成本估计为 71.5 万美元。同一天资产的平均现货价格为 57.4 万美元。这意味着挖掘一枚硬币需要额外花费 14,000 美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-04-181134.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-04-181134.png"/></p>
<p>来源：MacroMicro</p>
<p>长期来看，BTC 价格往往会在其生产成本附近反弹。然而，九月初的巨大差距压缩了矿工的利润。矿工的日收入从八月底的 3,600 万美元下降到了九月的约 2,600 万美元。</p>
<p>因此，矿工可能被迫抛售他们的 BTC 持有以支付不断增加的生产成本，而收入却在下降。</p>
<p>根据 CryptoQuant 的数据，矿工储备从 181.7 万枚 BTC 下降到了 181.4 万枚硬币。</p>
<p>该指标跟踪矿工持有的总 BTC 数量，并在八月份呈上升趋势。这意味着矿工持有他们挖掘的 BTC，从某种程度上为 BTC 价格展现出温和的看涨态势。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-Miner-Reserve-All-Miners-3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-Miner-Reserve-All-Miners-3.png"/></p>
<p>来源：CryptoQuant</p>
<hr/>
<p>阅读比特币（BTC）2024 年至 2025 年的价格预测</p>
<hr/>
<p>然而，八月底这一趋势发生了逆转，意味着矿工抛售了部分持有的 BTC。到目前为止，矿工在九月份已经抛售了 3000 个 BTC，可能是为了支付不断上升的运营成本。</p>
<p>撰写时，BTC 的价值为 57.9 万美元。持续的小规模抛售可能会给 BTC 价格带来更大的下行压力。因此，值得密切关注这一情况，以及宏观更新。</p>

GBTC

<p>比特币网络的算力在九月份达到了创纪录的 742 EH，增加了挖矿成本，导致矿工出售 3000 个 BTC 以支付费用。尽管网络安全得到改善，挖掘一枚 BTC 的生产成本激增至 36.5K 美元，而资产的现货价格则维持在 34.9K 美元左右。矿工的日收入大幅下降，导致矿工储备从 181.7 万个 BTC 降至 181.4 万个 BTC。矿工持续抛售可能给比特币价格带来额外的下行压力，在宏观经济条件下值得密切关注</p>

<ul>
<li><em>Network hashrate surged to a record high of 742 EH in September.</em></li>
<li><em>This increased mining costs and slashed miners’ profits, tipping them to sell 3000 BTC.</em></li>
</ul>
<div class="lb-trans"><ul>
<li>_网络算力在九月份飙升至创纪录的 742 EH。</li>
<li>_这增加了挖矿成本，削减了矿工的利润，导致他们出售了 3000 个 BTC。</li>
</ul>
</div><p>Bitcoin [BTC] miners had a rough start in September as network hashrate hit a record high and strained revenue. The network hashrate tracks the computational power needed to mine BTC. On the 1st of September, the metric hit a record high of 742 EH.</p>
<div class="lb-trans"><p>九月份对比特币（BTC）矿工来说是个艰难的开始，因为网络算力达到了创纪录的高度，压缩了收入。网络算力跟踪挖掘 BTC 所需的计算能力。9 月 1 日，这一指标达到了创纪录的 742 EH。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-Hashrate-1.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-Hashrate-1.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>来源：CryptoQuant</p>
</div><p>The record hashrate is excellent because network security is much better than before.</p>
<div class="lb-trans"><p>创纪录的算力是非常出色的，因为网络安全比以往任何时候都要好。</p>
</div><p>However, the network difficulty, which tracks how difficult it is for miners to find the next BTC block, remained near its record level of 90 trillion.</p>
<div class="lb-trans"><p>然而，网络难度，即跟踪矿工发现下一个 BTC 区块的难度，仍然接近其创纪录水平的 90 万亿。</p>
</div><p>Put differently, miners needed more computation power to mine Bitcoin, which was getting harder to find. In short, the average production cost to mine a single BTC would potentially increase. This could exert more strain on subscale miners.</p>
<div class="lb-trans"><p>换句话说，矿工需要更多的计算能力来挖掘比特币，这变得越来越困难。简而言之，挖掘一枚 BTC 的平均生产成本可能会增加。这可能会给小规模矿工带来更大压力。</p>
</div><p>As of 3rd September, the total production cost to mine a single BTC was estimated at $71.5K. The average spot price for the asset on the same day was $57.4K. That’s a short of +$14k to mine a single coin.</p>
<div class="lb-trans"><p>截至 9 月 3 日，挖掘一枚 BTC 的总生产成本估计为 71.5 万美元。同一天资产的平均现货价格为 57.4 万美元。这意味着挖掘一枚硬币需要额外花费 14,000 美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-04-181134.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-04-181134.png"/></p>
<p>Source: MacroMicro</p>
<div class="lb-trans"><p>来源：MacroMicro</p>
</div><p>BTC price tends to rally near its production cost in the long run. However, the huge difference at the beginning of September strained miners’ profits. Miner daily revenue had dropped from over $36 million in late August to around $26 million in September.</p>
<div class="lb-trans"><p>长期来看，BTC 价格往往会在其生产成本附近反弹。然而，九月初的巨大差距压缩了矿工的利润。矿工的日收入从八月底的 3,600 万美元下降到了九月的约 2,600 万美元。</p>
</div><p>As a result, miners could be forced to offload their BTC holdings to cover increased production costs amid declining revenue.</p>
<div class="lb-trans"><p>因此，矿工可能被迫抛售他们的 BTC 持有以支付不断增加的生产成本，而收入却在下降。</p>
</div><p>According to CryptoQuant data, the Miner Reserve dropped from 1.817 million BTC to 1.814 million coins in the past few days.</p>
<div class="lb-trans"><p>根据 CryptoQuant 的数据，矿工储备从 181.7 万枚 BTC 下降到了 181.4 万枚硬币。</p>
</div><p>The metric tracks the total BTC held by miners, and it trended upwards in August. This meant that miners held their mined BTC and, by extension, painted a mildly bullish outlook for BTC price.</p>
<div class="lb-trans"><p>该指标跟踪矿工持有的总 BTC 数量，并在八月份呈上升趋势。这意味着矿工持有他们挖掘的 BTC，从某种程度上为 BTC 价格展现出温和的看涨态势。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-Miner-Reserve-All-Miners-3.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-Miner-Reserve-All-Miners-3.png"/></p>
<p>Source: CryptoQuant</p>
<hr/>
<div class="lb-trans"><p>来源：CryptoQuant</p>
<hr/>
</div><p>ReadBitcoin’s [BTC] Price Prediction2024–2025</p>
<hr/>
<div class="lb-trans"><p>阅读比特币（BTC）2024 年至 2025 年的价格预测</p>
<hr/>
</div><p>However, the trend reversed at the end of August, meaning miners sold off part of their holdings. So far, miners sold off 3000 BTC in September, likely to cover the rising operational costs.</p>
<div class="lb-trans"><p>然而，八月底这一趋势发生了逆转，意味着矿工抛售了部分持有的 BTC。到目前为止，矿工在九月份已经抛售了 3000 个 BTC，可能是为了支付不断上升的运营成本。</p>
</div><p>At the time of writing, BTC was valued at $57.9K. A sustained minor sell-off could put more downward pressure on the BTC price. Hence, it is worth watching this front alongside macro updates.</p>
<div class="lb-trans"><p>撰写时，BTC 的价值为 57.9 万美元。持续的小规模抛售可能会给 BTC 价格带来更大的下行压力。因此，值得密切关注这一情况，以及宏观更新。</p>
</div>

比特币网络算力创下历史新高——这意味着 BTC 现在将