Kuya kwenzeka ntoni ukuba i-Bitcoin iyancipha? Qonda indlela yokunciphisa iBitcoin kunye nefuthe layo

I-Bitcoin yangenisa isiganeko sesine "sokwehliswa" kwimbali.

数据表明，截至北京时间2024年4月20日8:09，比特币在区块高度840000处胜利完成了这一重大时刻，挖矿奖励从6.25BTC减半至3.125BTC，而上一次减半则发生在2020年5月11日。

Yintoni indlela yokwahlulwa kweBitcoin?

Ukuncipha kweBitcoin sisiganeko esibalulekileyo somjikelo kwindawo ye-cryptocurrency, kwaye ixesha elichanekileyo lixhomekeke kwisantya sokwenziwa kwebhloko kwinethiwekhi yeBitcoin.

Esi siganeko senzeka kanye rhoqo kwiminyaka emi-4.Okanye emva kokuba iibhloko ze-21 zombiwe kwi-blockchain ye-Bitcoin, i-Bitcoin umvuzo wabasebenzi basezimayini abafumana kwibhloko nganye entsha iya kuba ngesiqingatha.

Injongo yokwehliswa kwesiqingatha kukunciphisa izinga ekwenziwa ngalo iiBitcoins ezintsha, ngaloo ndlela kugcinwe ukunqongophala kunye nexabiso.

• Ngenxa yokuba i-cryptocurrency iguquguquka kakhulu kwaye imingcipheko yotyalo-mali ehamba nayo inkulu, ukuba ufuna ukuhlutha isahlulo sesiqingatha sembuyekezo yemigodi yeBitcoin, kuyacetyiswa ngamandla ukuba utyalo-mali aludluli kwi-10% yediphozithi, kungenjalo awuyi kutyalomali.

Izehlo zokwahlulwa ngokwembali:

• I-2009: Imivuzo ye-Bitcoin yemigodi iqala kwi-50 BTC kwibhloko nganye.
• I-2012: Isiqingatha sokuqala, umvuzo wehla kwi-25 BTC.
• I-2016: Isiqingatha sesibini, umvuzo wehla kwi-12.5 BTC.
• 2020: Isiqingatha sesithathu, umvuzo wehla ukuya kwi-6.25 BTC.
• I-2024: Isiqingatha sesine, umvuzo uya kuhla kwi-3.125 BTC.

Ingaba ingakanani impembelelo eya kuba nayo isiqingatha seBitcoin?

Kuya kwenzeka ntoni emva kokuncipha kweBitcoin:

1. Kubasebenzi basezimayini, ukuhla ngesiqingatha kuthetha ukuthotywa kwembuyekezo yebhloko, enokuthi ichaphazele inzuzo yabo kunye nenkuthazo yezimayini.
2. Kwimarike, imisitho yokunciphisa isiqingatha ihlala inxulunyaniswa nokunyuka kwamaxabiso eBitcoin, njengoko unikezelo oluncitshisiweyo lunokukhokelela ekwenyukeni kwemfuno, ukutyhala ixabiso phezulu.
3. Kubatyali-mali, ukuncipha kwesiqingatha sisiganeko esiphawulekayo njengoko kunokuchaphazela izicwangciso zabo zotyalo-mali kunye nembuyekezo.

Ixabiso leBitcoin linyuka kancinci emva 'kwesiqingatha'

Oku kubizwa ngokuba “yisiqingatha” kuthetha ukuba imivuzo efunyanwa ngabembi-mgodi iqingqwa. Ngalo lonke ixesha i-blockchain ye-Bitcoin ivelisa iibhloko ze-21, umvuzo webhloko we-Bitcoin uqingatha. Kubandakanya eli xesha, iBitcoin ifumene "isiqingatha" esine ukusukela ekuzalweni kwayo ngo-2009.

Emva kokuba iindaba ziqhawukile, ixabiso leBitcoin lawa kancinci kwaye ngoku liguquguquka malunga ne-63550 yeedola ngenkozo nganye.

Isiphumo solu kuncipha kukuba inani labasebenzi basezimayini beBitcoins abafumana ngokuqinisekisa ukuthengiselana ngosuku lincitshisiwe ukusuka kwi-900 ukuya kuma-450, kwaye imivuzo efunyenwe ngabasebenzi basezimayini nayo iyancipha ukusuka kwi-6.25 Bitcoins ukuya kwi-3.125 Bitcoins.

“Ukunciphisa isiqingatha” = isandulela semarike yenkunzi entsha?

Abaxhasi beBitcoin ngaphambili babelindele ukuba "isiqingatha" siya kuba yimbangela yemarike yenkomo entsha kuba ngelixa imfuno ye-ETF ye-Bitcoin yanda, "isiqingatha" sinciphise ngakumbi unikezelo lwe-Bitcoin.

历史上，比特币减半事件前后的价格波动引起了广泛关注。在2012年、2016年和2020年的减半事件前30天，比特币价格分别上涨了5%、13%和27%。此外，减半事件还推动了比特币地址数量的增长，尤其是在减半后的150天内，新创建的比特币地址数量分别增长了83%、101%和11%。

Nangona amaxabiso eBitcoin anyuke ukuya kuthi ga kwixesha eliphakamileyo emva kweziganeko ezidlulileyo zokunciphisa isiqingatha, abakhi-mkhanya beemarike, kuquka abahlalutyi be-JPMorgan Chase kunye ne-Deutsche Bank, ngaphambili baxela kwangaphambili ukuba impembelelo yale "isiqingatha" iya kuba ubukhulu becala Kuye kwetyiswa yimarike kwangaphambili. .

Umhlalutyi weJPMorgan uNicholas Panigirzoglu uthe ngoLwesine ukuba ulindele ukuba i-Bitcoin ibe phantsi koxinzelelo oluthile kwixesha elifutshane njengoko imarike ithengiwe kakhulu kwaye amaxabiso ahlala ephakanyisiwe malunga negolide. Ukwakhankanye ukuba imali yeprojekthi ye-crypto inobuvila.

Abahlalutyi baseDeutsche Bank babenombono ofanayo. UMarion Labour, umhlalutyi ebhankini, wathi kwingxelo ngoLwesine: "Imarike sele igaye impembelelo ye-Bitcoin 'yokunciphisa' kwinqanaba elithile. Ukuqwalasela iimpawu ze-algorithm ye-Bitcoin, le nxalenye inkulu kakhulu. ilindelwe yimarike Asilindelanga ukuba ixabiso leBitcoin linyuke kakhulu emva kokuhla ngesiqingatha.

UGuo Qicong, i-CEO yeSingapore-based exchange asset exchange AsiaNext, uthe: "Njengoko bekulindelekile, 'isiqingatha' sibonakaliswe ngokupheleleyo kwixabiso, ngoko utshintsho lwamaxabiso lulinganiselwe. Ngoku, imboni iya kulinda kwaye ibone ukuba yintoni ikamva elizayo. ibambe phakathi komdla oqhubekayo wamaziko kwiiveki ezimbalwa?

Ngomatshini, "isiqingatha" ngokwaso akufanele sichaphazele amaxabiso eBitcoin kwixesha elifutshane, kodwa abatyali-mali abaninzi balindele ukunyuka okubukhali kwiinyanga ezizayo ngokusekelwe ekusebenzeni kweBitcoin emva kweesiqingatha ezininzi zangaphambili. Emva kokuncipha ngo-2012, 2016 kunye no-2020, ixabiso le-Bitcoin linyuke malunga namaxesha angama-93, amaxesha angama-30 kunye namaxesha ayi-8 ngokulandelelana ukusuka kwixabiso ngosuku lokunciphisa ukuya kwincopho yomjikelo.

Kuyafaneleka ukuba uqaphele ukuba ixesha ngalinye i-Bitcoin idlula "isiqingatha," impembelelo (oko kukuthi, isiphumo sokuhlanjululwa) kwenani le-Bitcoins esandul 'ukumbiwa kwi-Bitcoin iyonke iyancipha. Ngokomzekelo, emva kokuba "isiqingatha" sokuqala, inani leBitcoins ezisandul 'ukugrunjwa lalilingana ne-50% yazo zonke ii-Bitcoins ezijikelezayo ngexesha lokuqhawula, okwakunempembelelo enkulu kunikezelo lulonke. Nangona kunjalo, emva "kwesiqingatha" sesine, inani leBitcoins esandul 'ukugrunjwa liya kwenza kuphela i-3.3% yonikezelo lulonke lwangoku, kwaye impembelelo kunikezelo lulonke luya kuba buthathaka kakhulu.

Umvuzo wehla ngokukhawuleza? Ixhoba elikhulu "lokwehliswa" libonakala?

Xa kuthelekiswa neBitcoin ngokwayo, oku "isiqingatha" kunempembelelo ebalulekileyo kubasebenzi basezimayini.

Ngobusuku bangaphambi kokuncipha, amaxabiso esitokhwe se-Bitcoin aguquguquka kakhulu. Uninzi lwamaxabiso esitokhwe se-Bitcoin sabasebenzi basezimayini behle ngamadijithi aphindwe kabini ukuza kuthi ga ngoku kulo nyaka, ngokuchaseneyo nokuzuza kwe-41% ukuya kwi-2023% ngo-356.

Umhlalutyi weJPMorgan uReginald Smith kutshanje uye waphawula kwinqaku kubatyali-mali:

"Ngezinye iimeko ezisele zingatshintshi, 'ukunciphisa' kuya kunciphisa kakhulu ingeniso yeshishini kwaye kuqalise umjikelo omtsha

Ukudityaniswa kweshishini kunye nokuvalwa kweenkampani zemigodi. Kodwa kwangaxeshanye, 'ukunciphisa' kulindeleke ukuba kulungelelanise amandla othungelwano lwekhompuyutha kunye nenkcitho eyinkunzi kushishino, nto leyo eya kuthi ekugqibeleni ibe luncedo kwiinkampani eziseleyo zemigodi. "

Umhlalutyi kaBernstein uGautam Chogani uthe:

“Ngokungabikho kwee-ETF zeBitcoin, imarike ukuza kuthi ga ngoku ijonge izitokhwe zemigodi njengezinye iindlela ze-Bitcoin Ukwahlulwa kwesiqingatha kuya kwahlula ngakumbi abasebenzi basezimayini: abaphumeleleyo abakwixabiso eliphantsi, abanokwehla, abadibeneyo baya kuvela kubuninzi babasebenzi basezimayini abancinci nabaphakathi. inokuba yingozi emva kokuqhawula isiqingatha. "

Ingeniso yabasebenzi basezimayini beBitcoin ubukhulu becala ivela kwimiba emibini: imbuyekezo yezimayini kunye neentlawulo zentengiselwano. Nangona "isiqingatha" sichaphazela ngokuthe ngqo imbuyekezo yemigodi, iindleko zokusebenza zabasebenzi basezimayini, ezifana namatyala ombane, iifizi zezixhobo, njl. njl., aziyi kuncitshiswa "ngokunciphisa".

Oku kuthetha ukuba ukuba amaxabiso eBitcoin kunye neentlawulo zentengiselwano azinyuki kakhulu ukuphelisa impembelelo yomvuzo "wokwehliswa kwesiqingatha", abasebenzi basezimayini abaninzi banokujamelana nobunzima benzuzo.