<ul>
<li>_網絡算力在九月份飆升至創紀錄的 742 EH。</li>
<li>_這增加了挖礦成本，削減了礦工的利潤，導致他們出售了 3000 個 BTC。</li>
</ul>
<p>九月份對比特幣（BTC）礦工來説是個艱難的開始，因為網絡算力達到了創紀錄的高度，壓縮了收入。網絡算力跟蹤挖掘 BTC 所需的計算能力。9 月 1 日，這一指標達到了創紀錄的 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>來源：CryptoQuant</p>
<p>創紀錄的算力是非常出色的，因為網絡安全比以往任何時候都要好。</p>
<p>然而，網絡難度，即跟蹤礦工發現下一個 BTC 區塊的難度，仍然接近其創紀錄水平的 90 萬億。</p>
<p>換句話説，礦工需要更多的計算能力來挖掘比特幣，這變得越來越困難。簡而言之，挖掘一枚 BTC 的平均生產成本可能會增加。這可能會給小規模礦工帶來更大壓力。</p>
<p>截至 9 月 3 日，挖掘一枚 BTC 的總生產成本估計為 71.5 萬美元。同一天資產的平均現貨價格為 57.4 萬美元。這意味着挖掘一枚硬幣需要額外花費 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>來源：MacroMicro</p>
<p>長期來看，BTC 價格往往會在其生產成本附近反彈。然而，九月初的巨大差距壓縮了礦工的利潤。礦工的日收入從八月底的 3,600 萬美元下降到了九月的約 2,600 萬美元。</p>
<p>因此，礦工可能被迫拋售他們的 BTC 持有以支付不斷增加的生產成本，而收入卻在下降。</p>
<p>根據 CryptoQuant 的數據，礦工儲備從 181.7 萬枚 BTC 下降到了 181.4 萬枚硬幣。</p>
<p>該指標跟蹤礦工持有的總 BTC 數量，並在八月份呈上升趨勢。這意味着礦工持有他們挖掘的 BTC，從某種程度上為 BTC 價格展現出温和的看漲態勢。</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>來源：CryptoQuant</p>
<hr/>
<p>閲讀比特幣（BTC）2024 年至 2025 年的價格預測</p>
<hr/>
<p>然而，八月底這一趨勢發生了逆轉，意味着礦工拋售了部分持有的 BTC。到目前為止，礦工在九月份已經拋售了 3000 個 BTC，可能是為了支付不斷上升的運營成本。</p>
<p>撰寫時，BTC 的價值為 57.9 萬美元。持續的小規模拋售可能會給 BTC 價格帶來更大的下行壓力。因此，值得密切關注這一情況，以及宏觀更新。</p>

GBTC

<p>比特幣網絡的算力在九月份達到了創紀錄的 742 EH，增加了挖礦成本，導致礦工出售 3000 個 BTC 以支付費用。儘管網絡安全得到改善，挖掘一枚 BTC 的生產成本激增至 36.5K 美元，而資產的現貨價格則維持在 34.9K 美元左右。礦工的日收入大幅下降，導致礦工儲備從 181.7 萬個 BTC 降至 181.4 萬個 BTC。礦工持續拋售可能給比特幣價格帶來額外的下行壓力，在宏觀經濟條件下值得密切關注</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>_網絡算力在九月份飆升至創紀錄的 742 EH。</li>
<li>_這增加了挖礦成本，削減了礦工的利潤，導致他們出售了 3000 個 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>九月份對比特幣（BTC）礦工來説是個艱難的開始，因為網絡算力達到了創紀錄的高度，壓縮了收入。網絡算力跟蹤挖掘 BTC 所需的計算能力。9 月 1 日，這一指標達到了創紀錄的 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>來源：CryptoQuant</p>
</div><p>The record hashrate is excellent because network security is much better than before.</p>
<div class="lb-trans"><p>創紀錄的算力是非常出色的，因為網絡安全比以往任何時候都要好。</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，網絡難度，即跟蹤礦工發現下一個 BTC 區塊的難度，仍然接近其創紀錄水平的 90 萬億。</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>換句話説，礦工需要更多的計算能力來挖掘比特幣，這變得越來越困難。簡而言之，挖掘一枚 BTC 的平均生產成本可能會增加。這可能會給小規模礦工帶來更大壓力。</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 的總生產成本估計為 71.5 萬美元。同一天資產的平均現貨價格為 57.4 萬美元。這意味着挖掘一枚硬幣需要額外花費 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>來源：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>長期來看，BTC 價格往往會在其生產成本附近反彈。然而，九月初的巨大差距壓縮了礦工的利潤。礦工的日收入從八月底的 3,600 萬美元下降到了九月的約 2,600 萬美元。</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，礦工可能被迫拋售他們的 BTC 持有以支付不斷增加的生產成本，而收入卻在下降。</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>根據 CryptoQuant 的數據，礦工儲備從 181.7 萬枚 BTC 下降到了 181.4 萬枚硬幣。</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>該指標跟蹤礦工持有的總 BTC 數量，並在八月份呈上升趨勢。這意味着礦工持有他們挖掘的 BTC，從某種程度上為 BTC 價格展現出温和的看漲態勢。</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>來源：CryptoQuant</p>
<hr/>
</div><p>ReadBitcoin’s [BTC] Price Prediction2024–2025</p>
<hr/>
<div class="lb-trans"><p>閲讀比特幣（BTC）2024 年至 2025 年的價格預測</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，八月底這一趨勢發生了逆轉，意味着礦工拋售了部分持有的 BTC。到目前為止，礦工在九月份已經拋售了 3000 個 BTC，可能是為了支付不斷上升的運營成本。</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>撰寫時，BTC 的價值為 57.9 萬美元。持續的小規模拋售可能會給 BTC 價格帶來更大的下行壓力。因此，值得密切關注這一情況，以及宏觀更新。</p>
</div>

比特幣網絡算力創下歷史新高——這意味着 BTC 現在將