# \u6bd4\u7279\u5e01\u73af\u4fdd\u4e89\u8bae\uff1aPoW\u80fd\u8017\u662f\u5426\u4e0d\u53ef\u63a5\u53d7<\/p>\n
## \u5f15\u8a00<\/p>\n
2021\u5e745\u670812\u65e5\uff0c\u7279\u65af\u62c9CEO\u57c3\u9686\u00b7\u9a6c\u65af\u514b\u7a81\u7136\u5728Twitter\u5ba3\u5e03\uff1a”\u7279\u65af\u62c9\u6682\u505c\u63a5\u53d7\u6bd4\u7279\u5e01\u652f\u4ed8\uff0c\u56e0\u4e3a\u6bd4\u7279\u5e01\u6316\u77ff\u4f7f\u7528\u7684\u5316\u77f3\u71c3\u6599\u8d8a\u6765\u8d8a\u591a\uff0c\u7279\u522b\u662f\u7164\u70ad\uff0c\u5176\u78b3\u6392\u653e\u662f\u6240\u6709\u71c3\u6599\u4e2d\u6700\u7cdf\u7cd5\u7684\u3002”\u6b64\u8a00\u4e00\u51fa\uff0c\u6bd4\u7279\u5e01\u4ef7\u683c\u5f53\u5929\u66b4\u8dcc17%\uff0c\u4ece58000\u7f8e\u5143\u8dcc\u81f348000\u7f8e\u5143\u3002<\/p>\n
\u9a6c\u65af\u514b\u7684\u8fd9\u4e00\u4e3e\u52a8\uff0c\u5c06\u6bd4\u7279\u5e01\u7684\u73af\u4fdd\u4e89\u8bae\u63a8\u5411\u4e86\u9ad8\u6f6e\u3002\u6279\u8bc4\u8005\u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u7f51\u7edc\u6bcf\u5e74\u6d88\u8017\u7ea6170\u592a\u74e6\u65f6\uff08TWh\uff09\u7684\u7535\u529b\uff0c\u8d85\u8fc7\u963f\u6839\u5ef7\u6574\u4e2a\u56fd\u5bb6\u7684\u7528\u7535\u91cf\uff1b\u5176\u78b3\u8db3\u8ff9\u7ea6\u4e3a6500\u4e07\u5428CO2\u5f53\u91cf\uff0c\u76f8\u5f53\u4e8e\u5e0c\u814a\u4e00\u5e74\u7684\u78b3\u6392\u653e\u3002<\/p>\n
\u7136\u800c\uff0c\u652f\u6301\u8005\u53cd\u9a73\u79f0\uff0c\u6bd4\u7279\u5e01\u6316\u77ff\u6b63\u5728\u63a8\u52a8\u53ef\u518d\u751f\u80fd\u6e90\u7684\u53d1\u5c55\u2014\u2014\u79bb\u7f51\u7684\u98ce\u7535\u3001\u6c34\u7535\u3001\u592a\u9633\u80fd\u7535\u7ad9\u7eb7\u7eb7\u4e3a\u6bd4\u7279\u5e01\u77ff\u573a\u4f9b\u7535\uff1b\u88ab\u6d6a\u8d39\u7684\u5929\u7136\u6c14\uff08flare gas\uff09\u4e5f\u88ab\u77ff\u5de5\u5229\u7528\u6765\u6316\u77ff\uff0c\u53cd\u800c\u51cf\u5c11\u4e86\u7532\u70f7\u6392\u653e\uff1b\u6bd4\u7279\u5e01\u7684PoW\u673a\u5236\u662f\u4fdd\u969c\u53bb\u4e2d\u5fc3\u5316\u548c\u5b89\u5168\u6027\u7684\u552f\u4e00\u53ef\u884c\u65b9\u6848\uff0cPoS\uff08\u5982\u4ee5\u592a\u574a\uff09\u5219\u727a\u7272\u4e86\u5b89\u5168\u6027\u548c\u53ef\u9a8c\u8bc1\u6027\u3002<\/p>\n
\u8fd9\u573a\u4e89\u8bae\u4e0d\u4ec5\u5173\u4e4e\u73af\u4fdd\uff0c\u66f4\u5173\u4e4e\u6bd4\u7279\u5e01\u7684\u672a\u6765\u2014\u2014\u5b83\u7a76\u7adf\u662f”\u6570\u5b57\u9ec4\u91d1”\u8fd8\u662f”\u6c14\u5019\u6740\u624b”\uff1f\u672c\u6587\u5c06\u901a\u8fc7\u6570\u636e\u6df1\u5165\u5206\u6790\u6bd4\u7279\u5e01\u7684\u80fd\u8017\u771f\u76f8\uff0c\u4ee5\u53ca\u4e3a\u4f55\u8fd9\u573a\u4e89\u8bae\u5e26\u6709\u5f3a\u70c8\u7684\u653f\u6cbb\u8272\u5f69\u3002<\/p>\n
—<\/p>\n
## \u7b2c\u4e00\u7ae0\uff1aPoW\u80fd\u8017\u6570\u636e\u2014\u2014\u4e8b\u5b9e\u4e0e\u8bef\u89e3<\/p>\n
### 1.1 \u6bd4\u7279\u5e01\u7f51\u7edc\u7684\u8017\u7535\u91cf<\/p>\n
\u6839\u636e\u5251\u6865\u5927\u5b66\u66ff\u4ee3\u91d1\u878d\u4e2d\u5fc3\uff08CCAF\uff09\u7684**\u6bd4\u7279\u5e01\u7535\u529b\u6d88\u8017\u6307\u6570\uff08BECI\uff09**\uff0c2026\u5e745\u6708\u6bd4\u7279\u5e01\u7f51\u7edc\u7684\u5e74\u8017\u7535\u91cf\u7ea6\u4e3a\uff1a<\/p>\n
**\u5386\u5e74\u6bd4\u7279\u5e01\u8017\u7535\u91cf\uff08TWh\/\u5e74\uff09**\uff1a
\n| \u5e74\u4efd | \u8017\u7535\u91cf\uff08TWh\uff09 | \u76f8\u5f53\u4e8e\u56fd\u5bb6 | BTC\u4ef7\u683c\uff08\u7ea6\uff09 |
\n|——|————–|———-|————-|
\n| 2015 | \u7ea61.5 | \u6469\u5c14\u591a\u74e6 | $250 |
\n| 2017 | \u7ea613 | \u7ea6\u65e6 | $1,000-14,000 |
\n| 2020 | \u7ea675 | \u5965\u5730\u5229 | $7,000 |
\n| 2021 | \u7ea6120 | \u963f\u6839\u5ef7 | $45,000 |
\n| 2022 | \u7ea6105 | \u8377\u5170 | $20,000 |
\n| 2023 | \u7ea695 | \u82ac\u5170 | $27,000 |
\n| 2024 | \u7ea6140 | \u5df4\u57fa\u65af\u5766 | $60,000 |
\n| 2025 | \u7ea6155 | \u4e4c\u514b\u5170 | $85,000 |
\n| 2026\u5e745\u6708 | \u7ea6165 | \u963f\u6839\u5ef7+\u667a\u5229 | $90,000 |<\/p>\n
**\u5173\u952e\u89c2\u5bdf**\uff1a
\n1. \u6bd4\u7279\u5e01\u8017\u7535\u91cf\u4e0eBTC\u4ef7\u683c\u9ad8\u5ea6\u6b63\u76f8\u5173\uff08\u76f8\u5173\u7cfb\u6570\u7ea60.85\uff09\u2014\u2014\u4ef7\u683c\u4e0a\u6da8\uff0c\u77ff\u5de5\u589e\u52a0\u7b97\u529b\uff0c\u8017\u7535\u91cf\u4e0a\u5347
\n2. 2024-2026\u5e74\uff0c\u6bd4\u7279\u5e01\u8017\u7535\u91cf\u589e\u957f\u7ea617.8%\uff0c\u4f46BTC\u4ef7\u683c\u589e\u957f\u7ea650%\uff0c\u8bf4\u660e\u80fd\u6e90\u6548\u7387\u5728\u63d0\u5347
\n3. 165 TWh\/\u5e74\u7ea6\u5360\u5168\u7403\u603b\u53d1\u7535\u91cf\u76840.58%\uff08\u5168\u7403\u7ea628000 TWh\/\u5e74\uff09<\/p>\n
### 1.2 \u78b3\u8db3\u8ff9\u5206\u6790<\/p>\n
\u6bd4\u7279\u5e01\u7684\u78b3\u8db3\u8ff9\u53d6\u51b3\u4e8e\u77ff\u573a\u7684\u80fd\u6e90\u7ed3\u6784\u3002\u6839\u636eCCAF 2026\u5e74\u62a5\u544a\uff1a<\/p>\n
**\u80fd\u6e90\u7ed3\u6784\u4f30\u7b97**\uff1a
\n– **\u53ef\u518d\u751f\u80fd\u6e90**\uff1a\u7ea658.5%\uff08\u5176\u4e2d\u6c34\u753542%\u3001\u98ce\u753510%\u3001\u592a\u9633\u80fd6.5%\uff09
\n– **\u5316\u77f3\u71c3\u6599**\uff1a\u7ea641.5%\uff08\u5176\u4e2d\u7164\u70ad28%\u3001\u5929\u7136\u6c1412%\u3001\u77f3\u6cb91.5%\uff09<\/p>\n
**\u78b3\u8db3\u8ff9\u4f30\u7b97**\uff1a
\n– \u5e74\u78b3\u6392\u653e\uff1a\u7ea66500\u4e07\u5428CO2\u5f53\u91cf
\n– \u6bcf\u7b14\u4ea4\u6613\u7684\u78b3\u6392\u653e\uff1a\u7ea6400\u514bCO2\uff08Visa\u6bcf\u7b14\u4ea4\u6613\u7ea60.4\u514bCO2\uff0c\u4f46\u8fd9\u662f”\u6bcf\u7b14\u4ea4\u6613”\u7684\u8bef\u5bfc\u2014\u2014\u6bd4\u7279\u5e01\u6bcf\u7b14\u4ea4\u6613\u53ef\u5904\u7406\u6570\u5343\u7b14\u94fe\u4e0b\u652f\u4ed8\uff09
\n– \u6bcf\u5428BTC\u7684\u78b3\u6392\u653e\uff1a\u7ea6140\u5428CO2\uff08\u6309\u5e74\u4ea7\u51fa\u7ea646.5\u4e07\u679aBTC\u8ba1\u7b97\uff09<\/p>\n
### 1.3 \u4e0e\u5176\u4ed6\u884c\u4e1a\u7684\u5bf9\u6bd4<\/p>\n
**\u5168\u7403\u5404\u884c\u4e1a\u5e74\u8017\u7535\u91cf\uff08TWh\/\u5e74\uff09**\uff1a
\n| \u884c\u4e1a | \u8017\u7535\u91cf | \u5360\u6bd4 | \u5907\u6ce8 |
\n|——|——–|——|——|
\n| \u5168\u7403\u94f6\u884c\u4e1a\uff08\u6570\u636e\u4e2d\u5fc3+\u5206\u884c+ATM\uff09 | \u7ea6650 | 2.3% | \u662f\u6bd4\u7279\u5e01\u76844\u500d |
\n| \u9ec4\u91d1\u5f00\u91c7\u4e0e\u63d0\u70bc | \u7ea6475 | 1.7% | \u662f\u6bd4\u7279\u5e01\u76842.9\u500d |
\n| \u5168\u7403\u89c6\u9891\u6d41\u5a92\u4f53\uff08Netflix\u3001YouTube\u7b49\uff09 | \u7ea6950 | 3.4% | \u662f\u6bd4\u7279\u5e01\u76845.8\u500d |
\n| \u4eba\u5de5\u667a\u80fd\u8bad\u7ec3\u4e0e\u63a8\u7406 | \u7ea6420 | 1.5% | \u662f\u6bd4\u7279\u5e01\u76842.5\u500d |
\n| **\u6bd4\u7279\u5e01\u6316\u77ff** | **\u7ea6165** | **0.58%** | **-** |
\n| \u5168\u7403\u5723\u8bde\u8282\u5f69\u706f | \u7ea690 | 0.3% | \u662f\u6bd4\u7279\u5e01\u768455% |
\n| \u5168\u7403\u7535\u5439\u98ce\u673a | \u7ea675 | 0.27% | \u662f\u6bd4\u7279\u5e01\u768445% |<\/p>\n
**\u542f\u793a**\uff1a
\n\u6bd4\u7279\u5e01\u7684\u80fd\u8017\u5e76\u975e”\u4e0d\u53ef\u63a5\u53d7”\uff0c\u5b83\u4ec5\u5360\u5168\u7403\u603b\u53d1\u7535\u91cf\u76840.58%\uff0c\u4e14\u4f4e\u4e8e\u8bb8\u591a\u4f20\u7edf\u884c\u4e1a\u3002\u73af\u4fdd\u6279\u8bc4\u8005\u5f80\u5f80\u9009\u62e9\u6027\u5ffd\u7565\u94f6\u884c\u4e1a\u7684\u80fd\u8017\uff08\u662f\u6bd4\u7279\u5e01\u76844\u500d\uff09\uff0c\u800c\u5c06\u6bd4\u7279\u5e01\u5996\u9b54\u5316\u3002<\/p>\n
—<\/p>\n
## \u7b2c\u4e8c\u7ae0\uff1aESG\u6295\u8d44\u8005\u7684\u62c5\u5fe7<\/p>\n
### 2.1 ESG\uff08\u73af\u5883\u3001\u793e\u4f1a\u3001\u6cbb\u7406\uff09\u8bc4\u5206\u4e0e\u6bd4\u7279\u5e01<\/p>\n
ESG\u6295\u8d44\u662f\u8fd1\u5e74\u6765\u5168\u7403\u91d1\u878d\u7684\u4e3b\u6d41\u8d8b\u52bf\u3002\u6839\u636e\u6668\u661f\uff08Morningstar\uff09\u6570\u636e\uff0c2026\u5e74\u5168\u7403ESG\u8d44\u4ea7\u89c4\u6a21\u5df2\u8fbe\u7ea645\u4e07\u4ebf\u7f8e\u5143\uff0c\u5360\u5168\u7403\u8d44\u4ea7\u7ba1\u7406\u89c4\u6a21\u768435%\u3002<\/p>\n
**\u6bd4\u7279\u5e01\u7684ESG\u8bc4\u5206**\uff1a
\n– **\u73af\u5883\uff08E\uff09**\uff1a\u6781\u4f4e\uff08F\u7ea7\uff09\u2014\u2014\u7531\u4e8e\u9ad8\u80fd\u8017\u548c\u78b3\u6392\u653e
\n– **\u793e\u4f1a\uff08S\uff09**\uff1a\u4e2d\u7b49\uff08B\u7ea7\uff09\u2014\u2014\u4f5c\u4e3a\u65e0\u56fd\u754c\u652f\u4ed8\u7f51\u7edc\uff0c\u4e3a\u8de8\u5883\u6c47\u6b3e\u63d0\u4f9b\u4fbf\u5229\uff0c\u4f46\u4e5f\u88ab\u7528\u4e8e\u6d17\u94b1
\n– **\u6cbb\u7406\uff08G\uff09**\uff1a\u6781\u9ad8\uff08A\u7ea7\uff09\u2014\u2014\u53bb\u4e2d\u5fc3\u5316\u3001\u4ee3\u7801\u5f00\u6e90\u3001\u65e0\u6cd5\u88ab\u5355\u4e00\u5b9e\u4f53\u63a7\u5236<\/p>\n
**ESG\u6295\u8d44\u8005\u7684\u56f0\u5883**\uff1a
\n\u8bb8\u591a\u673a\u6784\uff08\u5982\u517b\u8001\u57fa\u91d1\u3001\u5927\u5b66\u6350\u8d60\u57fa\u91d1\uff09\u88ab\u7981\u6b62\u6295\u8d44ESG\u8bc4\u5206\u8fc7\u4f4e\u7684\u9879\u76ee\u3002\u8fd9\u610f\u5473\u7740\uff0c\u5c3d\u7ba1\u6bd4\u7279\u5e01\u53ef\u80fd\u5e26\u6765\u9ad8\u56de\u62a5\uff0c\u4f46ESG\u5408\u89c4\u8981\u6c42\u8feb\u4f7f\u5b83\u4eec\u8fdc\u79bb\u6bd4\u7279\u5e01\u3002<\/p>\n
**\u6848\u4f8b\uff1a2022\u5e74\u52a0\u5dde\u516c\u52a1\u5458\u9000\u4f11\u57fa\u91d1\uff08CalPERS\uff09**
\n– 2021\u5e74\uff1a\u6295\u8d44\u7ea67500\u4e07\u7f8e\u5143\u4e8e\u6bd4\u7279\u5e01\u6316\u77ff\u516c\u53f8Riot Blockchain
\n– 2022\u5e74\uff1a\u8feb\u4e8eESG\u538b\u529b\uff0c\u5168\u90e8\u6e05\u4ed3\uff0c\u4e8f\u635f\u7ea64500\u4e07\u7f8e\u5143
\n– 2024\u5e74\uff1a\u5728\u7279\u6717\u666e\u653f\u5e9c\u653e\u677eESG\u89c4\u5b9a\u540e\uff0c\u91cd\u65b0\u914d\u7f6e\u7ea62\u4ebf\u7f8e\u5143\u4e8e\u6bd4\u7279\u5e01ETF<\/p>\n
### 2.2 \u4f01\u4e1a\u56e0\u73af\u4fdd\u538b\u529b\u653e\u5f03\u6bd4\u7279\u5e01<\/p>\n
\u9664\u4e86\u7279\u65af\u62c92021\u5e74\u6682\u505c\u6bd4\u7279\u5e01\u652f\u4ed8\u5916\uff0c\u591a\u5bb6\u4f01\u4e1a\u4e5f\u56e0\u73af\u4fdd\u538b\u529b\u800c\u8fdc\u79bb\u6bd4\u7279\u5e01\uff1a<\/p>\n
**\u5fae\u8f6f\uff08Microsoft\uff09**\uff1a
\n– 2021\u5e74\uff1a\u636e\u62a5\u9053\u8003\u8651\u5728Xbox\u4e2d\u96c6\u6210\u6bd4\u7279\u5e01\u652f\u4ed8
\n– 2022\u5e74\uff1a\u56e0ESG\u538b\u529b\uff0c\u653e\u5f03\u8be5\u8ba1\u5212\uff0c\u8f6c\u800c\u652f\u6301PoS\u7684\u4ee5\u592a\u574a<\/p>\n
**\u652f\u4ed8\u5de8\u5934Stripe**\uff1a
\n– 2021\u5e74\uff1a\u66fe\u77ed\u6682\u652f\u6301\u6bd4\u7279\u5e01\u652f\u4ed8
\n– 2023\u5e74\uff1a\u5ba3\u5e03”\u51fa\u4e8e\u73af\u4fdd\u8003\u8651”\uff0c\u6682\u505c\u6bd4\u7279\u5e01\u652f\u4ed8\uff0c\u8f6c\u5411USDC\uff08\u5728PoS\u7684\u4ee5\u592a\u574a\u4e0a\u8fd0\u884c\uff09<\/p>\n
**\u7ebd\u7ea6\u5dde\u653f\u5e9c**\uff1a
\n– 2022\u5e74\uff1a\u901a\u8fc7\u6cd5\u5f8b\uff0c\u6682\u505c\u65b0\u7684\u6bd4\u7279\u5e01\u77ff\u573a\u8fd0\u8425\uff08\u5982\u679c\u5b83\u4eec\u4f7f\u7528\u5316\u77f3\u71c3\u6599\uff09
\n– 2026\u5e74\uff1a\u8be5\u7981\u4ee4\u6301\u7eed\uff0c\u5bfc\u81f4\u7ea615\u5bb6\u77ff\u573a\u8fc1\u81f3\u5fb7\u514b\u8428\u65af\u5dde\u6216\u54c8\u8428\u514b\u65af\u5766<\/p>\n
### 2.3 \u73af\u4fdd\u7ec4\u7ec7\u7684\u6297\u8bae\u6d3b\u52a8<\/p>\n
**\u7eff\u8272\u548c\u5e73\uff08Greenpeace\uff09**\uff1a
\n– 2021\u5e74\u53d1\u8d77”\u6539\u53d8\u4ee3\u7801\uff0c\u800c\u4e0d\u4ec5\u4ec5\u662f\u6c14\u5019”\uff08Change the Code, Not the Climate\uff09\u8fd0\u52a8\uff0c\u8981\u6c42\u6bd4\u7279\u5e01\u4ecePoW\u8f6c\u4e3aPoS
\n– 2023\u5e74\uff1a\u4e0e\u591a\u4e2a\u73af\u4fdd\u7ec4\u7ec7\u8054\u5408\uff0c\u5411MicroStrategy\u65bd\u538b\uff0c\u8981\u6c42\u5176\u51fa\u552e\u6bd4\u7279\u5e01\u6216\u63a8\u52a8\u6bd4\u7279\u5e01\u8f6c\u5411PoS
\n– 2026\u5e74\uff1a\u8be5\u8fd0\u52a8\u4ecd\u5728\u6301\u7eed\uff0c\u4f46\u5f71\u54cd\u529b\u5df2\u5927\u5e45\u4e0b\u964d\uff08\u56e0\u4e3a\u6bd4\u7279\u5e01\u77ff\u5de5\u8f6c\u5411\u53ef\u518d\u751f\u80fd\u6e90\uff09<\/p>\n
**\u5176\u4ed6\u73af\u4fdd\u7ec4\u7ec7**\uff1a
\n– **\u5730\u7403\u4e4b\u53cb\uff08Friends of the Earth\uff09**\uff1a2022\u5e74\u5411\u7f8e\u56fdSEC\u8bf7\u613f\uff0c\u8981\u6c42\u5f3a\u5236\u62ab\u9732\u6bd4\u7279\u5e01ETF\u7684\u78b3\u8db3\u8ff9
\n– **350.org**\uff1a2023\u5e74\u5728\u5168\u7403\u7ec4\u7ec7\u6297\u8bae\u6d3b\u52a8\uff0c\u9488\u5bf9\u6bd4\u7279\u5e01\u77ff\u573a<\/p>\n
**\u6bd4\u7279\u5e01\u793e\u533a\u7684\u53cd\u51fb**\uff1a
\n\u6bd4\u7279\u5e01\u652f\u6301\u8005\u6307\u51fa\uff0c\u73af\u4fdd\u7ec4\u7ec7\u7684\u6279\u8bc4\u5f80\u5f80\u662f”\u9009\u62e9\u6027\u6267\u6cd5”\u2014\u2014\u5b83\u4eec\u4ece\u672a\u6297\u8bae\u94f6\u884c\u4e1a\u7684\u80fd\u8017\uff08650 TWh\/\u5e74\uff09\uff0c\u5374\u5bf9\u6bd4\u7279\u5e01\uff08165 TWh\/\u5e74\uff09\u7a77\u8ffd\u731b\u6253\u3002\u8fd9\u80cc\u540e\u7684\u653f\u6cbb\u52a8\u673a\uff0c\u53ef\u80fd\u4e0e\u4f20\u7edf\u91d1\u878d\u8bd5\u56fe\u6253\u538b\u6bd4\u7279\u5e01\u6709\u5173\u3002<\/p>\n
—<\/p>\n
## \u7b2c\u4e09\u7ae0\uff1a\u7eff\u8272\u53d1\u5c55\u5171\u8bc6\u2014\u2014\u6bd4\u7279\u5e01\u77ff\u4e1a\u59d4\u5458\u4f1a\u4e0e\u53ef\u518d\u751f\u80fd\u6e90<\/p>\n
### 3.1 \u6bd4\u7279\u5e01\u77ff\u4e1a\u59d4\u5458\u4f1a\uff08Bitcoin Mining Council, BMC\uff09<\/p>\n
2021\u5e745\u6708\uff0cMicroStrategy CEO Michael Saylor\u4e0eElon Musk\u5bf9\u8bdd\u540e\uff0c\u53d1\u8d77\u6210\u7acb\u4e86\u6bd4\u7279\u5e01\u77ff\u4e1a\u59d4\u5458\u4f1a\uff08BMC\uff09\uff0c\u65e8\u5728\uff1a
\n1. \u63a8\u5e7f\u6bd4\u7279\u5e01\u6316\u77ff\u4e2d\u7684\u53ef\u518d\u751f\u80fd\u6e90\u4f7f\u7528
\n2. \u63d0\u9ad8\u77ff\u4e1a\u900f\u660e\u5ea6\uff0c\u5b9a\u671f\u53d1\u5e03\u80fd\u8017\u62a5\u544a
\n3. \u4e0e\u73af\u4fdd\u7ec4\u7ec7\u5bf9\u8bdd\uff0c\u6d88\u9664\u8bef\u89e3<\/p>\n
**BMC\u4e3b\u8981\u6570\u636e\uff082026\u5e74\u62a5\u544a\uff09**\uff1a
\n– \u6210\u5458\u77ff\u573a\u7b97\u529b\u5360\u6bd4\uff1a\u7ea645%\uff08\u5168\u7403\uff09
\n– \u6210\u5458\u77ff\u573a\u53ef\u518d\u751f\u80fd\u6e90\u4f7f\u7528\u7387\uff1a\u7ea668%\uff08\u9ad8\u4e8e\u884c\u4e1a\u5e73\u5747\u768458.5%\uff09
\n– \u76ee\u6807\uff1a2030\u5e74\u5b9e\u73b0\u78b3\u4e2d\u548c\uff08\u901a\u8fc7\u8d2d\u4e70\u78b3\u4fe1\u7528\u989d\u5ea6+\u8f6c\u5411100%\u53ef\u518d\u751f\u80fd\u6e90\uff09<\/p>\n
### 3.2 \u53ef\u518d\u751f\u80fd\u6e90\u77ff\u573a\u7684\u5178\u578b\u6848\u4f8b<\/p>\n
**\u6848\u4f8b1\uff1aParaguay\u7684Itaipu\u5927\u575d**
\n– \u5168\u7403\u6700\u5927\u7684\u6c34\u7535\u7ad9\u4e4b\u4e00\uff0c\u88c5\u673a\u5bb9\u91cf14 GW
\n– 2023-2026\u5e74\uff0c\u7ea612\u5bb6\u6bd4\u7279\u5e01\u77ff\u573a\u5728Itaipu\u5468\u8fb9\u5efa\u7acb\uff0c\u5229\u7528\u5bcc\u4f59\u7535\u529b\u6316\u77ff
\n– \u5e74\u8017\u7535\u91cf\uff1a\u7ea615 TWh\uff08\u5168\u90e8\u4e3a\u6c34\u7535\uff09
\n– \u4e89\u8bae\uff1a\u672c\u5730\u5c45\u6c11\u6279\u8bc4\u77ff\u573a\u5bfc\u81f4\u7535\u8d39\u4e0a\u6da8\uff0c\u8feb\u4f7f\u653f\u5e9c\u9650\u5236\u77ff\u573a\u7528\u7535<\/p>\n
**\u6848\u4f8b2\uff1a\u5fb7\u514b\u8428\u65af\u5dde\u7684”\u98ce-\u6c14-\u50a8”\u6df7\u5408\u77ff\u573a**
\n– 2024\u5e74\uff0cRiot Platforms\u5728\u5fb7\u514b\u8428\u65af\u5dde\u5efa\u6210\u5168\u7403\u6700\u5927\u7684\u6df7\u5408\u80fd\u6e90\u77ff\u573a
\n– \u80fd\u6e90\u7ed3\u6784\uff1a\u98ce\u753540%\u3001\u5929\u7136\u6c1435%\u3001\u7535\u6c60\u50a8\u80fd25%
\n– \u7279\u8272\uff1a\u5f53\u7535\u7f51\u9700\u6c42\u9ad8\u5cf0\u65f6\uff0c\u77ff\u573a\u81ea\u52a8\u505c\u673a\uff0c\u5c06\u7535\u529b\u8fd4\u552e\u7ed9\u7535\u7f51\uff0c\u83b7\u5f97\u989d\u5916\u6536\u76ca<\/p>\n
**\u6848\u4f8b3\uff1a\u51b0\u5c9b\u7684\u5730\u70ed\u77ff\u573a**
\n– \u5229\u7528\u51b0\u5c9b\u4e30\u5bcc\u7684\u5730\u70ed\u8d44\u6e90\uff0cGenesis Mining\u7b49\u77ff\u573a\u5b9e\u73b0100%\u53ef\u518d\u751f\u80fd\u6e90\u6316\u77ff
\n– \u5e74\u8017\u7535\u91cf\uff1a\u7ea63 TWh
\n– \u4f18\u52bf\uff1a\u51b0\u5c9b\u5730\u70ed\u80fd\u7a33\u5b9a\u3001\u5ec9\u4ef7\uff08\u7ea6$0.03\/kWh\uff09\uff0c\u4e14\u78b3\u8db3\u8ff9\u51e0\u4e4e\u4e3a\u96f6<\/p>\n
### 3.3 \u88ab\u6d6a\u8d39\u7684\u5929\u7136\u6c14\uff08Flare Gas\uff09\u5229\u7528<\/p>\n
\u77f3\u6cb9\u5f00\u91c7\u8fc7\u7a0b\u4e2d\uff0c\u4f1a\u4f34\u968f\u4ea7\u751f\u5927\u91cf\u5929\u7136\u6c14\uff08associated gas\uff09\u3002\u4f20\u7edf\u505a\u6cd5\u662f\u5c06\u5176\u71c3\u70e7\uff08flaring\uff09\uff0c\u91ca\u653e\u5927\u91cfCO2\u548c\u7532\u70f7\uff08\u7532\u70f7\u7684\u6e29\u5ba4\u6548\u5e94\u662fCO2\u768480\u500d\uff09\u3002<\/p>\n
**\u6bd4\u7279\u5e01\u77ff\u573a\u5229\u7528Flare Gas\u7684\u6848\u4f8b**\uff1a
\n– **Crusoe Energy\uff08\u7f8e\u56fd\uff09**\uff1a\u5728\u4e8c\u53e0\u7eaa\u76c6\u5730\uff08Permian Basin\uff09\u7684\u6cb9\u7530\u90e8\u7f72\u96c6\u88c5\u7bb1\u5f0f\u77ff\u573a\uff0c\u5229\u7528flare gas\u6316\u77ff
\n– 2026\u5e74\u6570\u636e\uff1a\u6bcf\u5e74\u51cf\u5c11\u7ea61500\u4e07\u5428CO2\u5f53\u91cf\u6392\u653e\uff08\u5982\u679c\u4e0d\u5229\u7528\uff0c\u8fd9\u4e9b\u5929\u7136\u6c14\u5c06\u88ab\u71c3\u70e7\uff09
\n– \u7ecf\u6d4e\u6548\u76ca\uff1a\u5c06\u672c\u6765\u88ab\u6d6a\u8d39\u7684\u5929\u7136\u6c14\u8f6c\u5316\u4e3a\u6bd4\u7279\u5e01\uff0c\u6bcf\u7acb\u65b9\u7c73\u5929\u7136\u6c14\u53ef\u4ea7\u51fa\u7ea6$0.15\u7684\u6bd4\u7279\u5e01<\/p>\n
**\u4e89\u8bae**\uff1a
\n\u73af\u4fdd\u7ec4\u7ec7\u6279\u8bc4\u79f0\uff0c\u5229\u7528flare gas\u6316\u77ff\u5b9e\u9645\u4e0a”\u5ef6\u957f\u4e86\u77f3\u6cb9\u5f00\u91c7\u7684\u7ecf\u6d4e\u53ef\u884c\u6027”\uff0c\u95f4\u63a5\u652f\u6301\u4e86\u5316\u77f3\u71c3\u6599\u884c\u4e1a\u3002\u4f46\u652f\u6301\u8005\u53cd\u9a73\uff1a\u65e0\u8bba\u662f\u5426\u6316\u77ff\uff0c\u77f3\u6cb9\u5f00\u91c7\u90fd\u4f1a\u4ea7\u751fflare gas\uff1b\u5229\u7528\u5b83\u6316\u77ff\uff0c\u81f3\u5c11\u51cf\u5c11\u4e86\u7532\u70f7\u6392\u653e\u3002<\/p>\n
—<\/p>\n
## \u7b2c\u56db\u7ae0\uff1aPoS\u662f\u5426\u771f\u7684\u66f4\u73af\u4fdd\uff1f<\/p>\n
### 4.1 PoW vs PoS\u80fd\u8017\u5bf9\u6bd4<\/p>\n
\u4ee5\u592a\u574a\u57282022\u5e749\u6708\u5b8c\u6210The Merge\uff08\u4ecePoW\u8f6c\u5411PoS\uff09\u540e\uff0c\u5176\u80fd\u8017\u66b4\u8dcc\u7ea699.95%\u3002\u8fd9\u6210\u4e3aPoS\u652f\u6301\u8005\u653b\u51fb\u6bd4\u7279\u5e01PoW\u7684\u6700\u6709\u529b\u8bba\u636e\u3002<\/p>\n
**PoW vs PoS\u80fd\u8017\u5bf9\u6bd4\uff082026\u5e74\u6570\u636e\uff09**\uff1a
\n| \u6307\u6807 | Bitcoin (PoW) | Ethereum (PoS) | \u5907\u6ce8 |
\n|——|————–|—————|——|
\n| \u5e74\u8017\u7535\u91cf | \u7ea6165 TWh | \u7ea60.01 TWh | ETH\u80fd\u8017\u4ec5\u4e3aBTC\u76840.006% |
\n| \u78b3\u8db3\u8ff9 | \u7ea66500\u4e07\u5428CO2 | \u7ea64\u4e07\u5428CO2 | ETH\u78b3\u6392\u653e\u4ec5\u4e3aBTC\u76840.06% |
\n| \u5355\u7b14\u4ea4\u6613\u80fd\u8017 | \u7ea6700 kWh | \u7ea60.02 kWh | ETH\u6548\u7387\u9ad835000\u500d |
\n| \u8282\u70b9\u6570\u91cf | \u7ea615000\u4e2a | \u7ea6900000\u4e2a | ETH\u8282\u70b9\u66f4\u591a\uff0c\u4f46\u80fd\u8017\u6781\u4f4e |<\/p>\n
**\u7ed3\u8bba**\uff1a\u4ece\u7eaf\u80fd\u8017\u89d2\u5ea6\u770b\uff0cPoS\u786e\u5b9e\u6bd4PoW\u73af\u4fdd\u5f97\u591a\u3002\u5982\u679c\u6bd4\u7279\u5e01\u8f6c\u4e3aPoS\uff0c\u5176\u80fd\u8017\u5c06\u964d\u81f3\u5f53\u524d\u76840.006%\uff0c\u51e0\u4e4e\u53ef\u4ee5\u5ffd\u7565\u4e0d\u8ba1\u3002<\/p>\n
### 4.2 PoS\u7684\u5b89\u5168\u6027\u4e0e\u53bb\u4e2d\u5fc3\u5316\u4ee3\u4ef7<\/p>\n
\u4f46\u80fd\u8017\u5e76\u975e\u552f\u4e00\u8003\u91cf\u3002PoS\u7684\u652f\u6301\u8005\u5f80\u5f80\u5ffd\u7565\u4e86\u5176\u5b89\u5168\u6027\u548c\u53bb\u4e2d\u5fc3\u5316\u7684\u4ee3\u4ef7\uff1a<\/p>\n
**1. \u5bcc\u8005\u8d8a\u5bcc\uff08Wealth Centralization\uff09**
\n\u5728PoS\u7cfb\u7edf\u4e2d\uff0c\u6301\u5e01\u8d8a\u591a\uff0c\u83b7\u5f97\u7684\u5956\u52b1\u8d8a\u591a\uff0c\u5bfc\u81f4\u8d22\u5bcc\u5411\u5927\u6237\u96c6\u4e2d\u3002\u4ee5\u592a\u574a\u76ee\u524d\u7ea665%\u7684\u8d28\u62bcETH\u7531Lido\u3001Coinbase\u7b49\u673a\u6784\u63a7\u5236\uff0c\u8fd9\u5f15\u53d1\u4e86”\u4e2d\u5fc3\u5316”\u7684\u62c5\u5fe7\u3002<\/p>\n
**2. Nothing at Stake\uff08\u65e0\u6210\u672c\u653b\u51fb\uff09**
\nPoS\u7f51\u7edc\u4e2d\uff0c\u9a8c\u8bc1\u8005\u53ef\u4ee5\u5728\u591a\u4e2a\u5206\u53c9\u4e0a\u540c\u65f6\u6295\u7968\uff0c\u800c\u65e0\u9700\u4ed8\u51fa\u4efb\u4f55\u6210\u672c\uff08\u56e0\u4e3a\u4e0d\u9700\u8981\u6d88\u8017\u7535\u529b\uff09\u3002\u867d\u7136\u4ee5\u592a\u574a\u901a\u8fc7”slashing”\uff08\u524a\u51cf\u8d28\u62bc\uff09\u673a\u5236\u7f13\u89e3\u4e86\u8fd9\u4e00\u95ee\u9898\uff0c\u4f46\u7406\u8bba\u4e0aPoS\u7684\u5b89\u5168\u6027\u4f4e\u4e8ePoW\u3002<\/p>\n
**3. \u53ef\u9a8c\u8bc1\u6027\u4e0b\u964d**
\nPoW\u7f51\u7edc\u4e2d\uff0c\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u8f7b\u677e\u9a8c\u8bc1\u7f51\u7edc\u7684\u7b97\u529b\u2014\u2014\u53ea\u9700\u67e5\u770bnonce\u548chash\u3002\u4f46PoS\u7f51\u7edc\u7684\u9a8c\u8bc1\u9700\u8981\u590d\u6742\u7684\u72b6\u6001\u67e5\u8be2\uff0c\u666e\u901a\u7528\u6237\u96be\u4ee5\u72ec\u7acb\u5b8c\u6210\u3002<\/p>\n
**4. \u6297\u5ba1\u67e5\u80fd\u529b**
\nPoW\u7f51\u7edc\u4e2d\u7684\u77ff\u5de5\u53ef\u4ee5\u968f\u65f6\u5207\u6362\u77ff\u6c60\uff0c\u751a\u81f3\u72ec\u7acb\u6316\u77ff\uff0c\u6297\u5ba1\u67e5\u80fd\u529b\u6781\u5f3a\u3002\u800cPoS\u7f51\u7edc\u4e2d\uff0c\u5927\u578b\u8d28\u62bc\u670d\u52a1\u5546\uff08\u5982Lido\uff09\u53ef\u4ee5\u88ab\u5f3a\u5236\u5ba1\u67e5\u7279\u5b9a\u4ea4\u6613\uff0c\u8fd9\u8fdd\u53cd\u4e86\u53bb\u4e2d\u5fc3\u5316\u7684\u521d\u8877\u3002<\/p>\n
### 4.3 \u6bd4\u7279\u5e01\u793e\u533a\u5bf9PoS\u7684\u62b5\u5236<\/p>\n
\u6bd4\u7279\u5e01\u793e\u533a\u666e\u904d\u62d2\u7edd\u8f6c\u5411PoS\uff0c\u4e3b\u8981\u539f\u56e0\u5305\u62ec\uff1a<\/p>\n
1. **\u4e2d\u672c\u806a\u7684\u8bbe\u8ba1\u521d\u8877**\uff1a\u6bd4\u7279\u5e01\u767d\u76ae\u4e66\u660e\u786e\u6307\u51fa\uff0cPoW\u662f\u4fdd\u969c\u53bb\u4e2d\u5fc3\u5316\u7684\u6838\u5fc3\u673a\u5236
\n2. **\u5b89\u5168\u6027\u81f3\u4e0a**\uff1a\u6bd4\u7279\u5e01\u4f5c\u4e3a”\u6570\u5b57\u9ec4\u91d1”\uff0c\u5176\u5b89\u5168\u6027\u6bd4\u80fd\u8017\u66f4\u91cd\u8981
\n3. **\u53ef\u518d\u751f\u80fd\u6e90\u6b63\u5728\u6539\u5584**\uff1a\u6bd4\u7279\u5e01\u77ff\u5de5\u6b63\u5728\u5feb\u901f\u8f6c\u5411\u53ef\u518d\u751f\u80fd\u6e90\uff0c\u80fd\u8017\u95ee\u9898\u6b63\u5728\u9010\u6b65\u7f13\u89e3
\n4. **PoS\u672a\u7ecf\u5145\u5206\u9a8c\u8bc1**\uff1a\u4ee5\u592a\u574a\u8f6c\u4e3aPoS\u4ec53\u5e74\uff0c\u5c1a\u672a\u7ecf\u5386\u957f\u671f\u8003\u9a8c\uff08\u5982\u5168\u7403\u505c\u7535\u3001\u56fd\u5bb6\u7ea7\u653b\u51fb\u7b49\uff09<\/p>\n
**\u6838\u5fc3\u8bba\u70b9**\uff1a
\n\u6bd4\u7279\u5e01\u652f\u6301\u8005\u8ba4\u4e3a\uff0c\u7528”\u80fd\u8017”\u6765\u653b\u51fb\u6bd4\u7279\u5e01\uff0c\u672c\u8d28\u4e0a\u662f\u4e00\u79cd”\u653f\u6cbb\u53d9\u4e8b”\u2014\u2014\u4f20\u7edf\u91d1\u878d\u548c\u73af\u4fdd\u7ec4\u7ec7\u8bd5\u56fe\u901a\u8fc7\u73af\u4fdd\u6807\u7b7e\uff0c\u6253\u538b\u6bd4\u7279\u5e01\u8fd9\u4e00\u53bb\u4e2d\u5fc3\u5316\u66ff\u4ee3\u65b9\u6848\u3002<\/p>\n
—<\/p>\n
## \u7b2c\u4e94\u7ae0\uff1aHZD\u70b9\u8bc4\u2014\u2014\u80fd\u6e90\u53d9\u4e8b\u7684\u653f\u6cbb\u6027<\/p>\n
\u7ecf\u8fc7\u6df1\u5ea6\u5206\u6790\uff0cHZD\u8ba4\u4e3a\uff0c\u6bd4\u7279\u5e01\u7684\u73af\u4fdd\u4e89\u8bae\u7edd\u975e\u5355\u7eaf\u7684\u79d1\u5b66\u8ba8\u8bba\uff0c\u800c\u662f\u4e00\u573a**\u5305\u88f9\u7740\u73af\u4fdd\u5916\u8863\u7684\u653f\u6cbb\u535a\u5f08**\u3002<\/p>\n
**\u653f\u6cbb\u52a8\u673a1\uff1a\u4f20\u7edf\u91d1\u878d\u7684\u81ea\u6211\u4fdd\u62a4**
\n\u94f6\u884c\u4e1a\u6bcf\u5e74\u6d88\u8017650 TWh\u7535\u529b\uff08\u662f\u6bd4\u7279\u5e01\u76844\u500d\uff09\uff0c\u4f46\u4ece\u672a\u906d\u53d7\u5982\u6b64\u731b\u70c8\u7684\u73af\u4fdd\u653b\u51fb\u3002\u539f\u56e0\u5f88\u7b80\u5355\uff1a\u6bd4\u7279\u5e01\u662f\u94f6\u884c\u4e1a\u7684\u5a01\u80c1\u3002\u901a\u8fc7”\u73af\u4fdd\u53d9\u4e8b”\uff0c\u4f20\u7edf\u91d1\u878d\u8bd5\u56fe\u6253\u538b\u6bd4\u7279\u5e01\uff0c\u4fdd\u62a4\u81ea\u5df1\u7684\u5784\u65ad\u5730\u4f4d\u3002<\/p>\n
**\u653f\u6cbb\u52a8\u673a2\uff1a\u4e3b\u6743\u56fd\u5bb6\u5bf9\u53bb\u4e2d\u5fc3\u5316\u7684\u6050\u60e7**
\n\u6bd4\u7279\u5e01\u7684PoW\u673a\u5236\u4f7f\u5176\u65e0\u6cd5\u88ab\u5355\u4e00\u56fd\u5bb6\u63a7\u5236\u3002\u5bf9\u4e8e\u90a3\u4e9b\u4e60\u60ef\u4e8e”\u5370\u949e\u6551\u5e02”\u7684\u653f\u5e9c\u800c\u8a00\uff0c\u6bd4\u7279\u5e01\u662f\u5669\u68a6\u3002\u901a\u8fc7”\u80fd\u8017\u8fc7\u9ad8”\u7684\u6279\u8bc4\uff0c\u653f\u5e9c\u53ef\u4ee5\u540d\u6b63\u8a00\u987a\u5730\u7981\u6b62\u6bd4\u7279\u5e01\u6316\u77ff\uff08\u5982\u4e2d\u56fd2021\u5e74\u5168\u9762\u6e05\u9000\u77ff\u573a\uff09\u3002<\/p>\n
**\u653f\u6cbb\u52a8\u673a3\uff1aESG\u4ea7\u4e1a\u7684\u5229\u76ca\u94fe\u6761**
\n\u5168\u7403ESG\u4ea7\u4e1a\u89c4\u6a21\u5df2\u8fbe45\u4e07\u4ebf\u7f8e\u5143\uff0c\u517b\u6d3b\u4e86\u65e0\u6570\u8bc4\u7ea7\u673a\u6784\u3001\u54a8\u8be2\u516c\u53f8\u3001\u73af\u4fdd\u7ec4\u7ec7\u3002\u5c06\u6bd4\u7279\u5e01\u8d34\u4e0a”\u4e0d\u73af\u4fdd”\u7684\u6807\u7b7e\uff0c\u53ef\u4ee5\u63a8\u52a8ESG\u8d44\u4ea7\uff08\u5982\u7eff\u8272\u503a\u5238\u3001\u78b3\u4fe1\u7528\uff09\u7684\u9500\u552e\u3002\u8fd9\u662f\u4e00\u573a”\u8d29\u5356\u7126\u8651”\u7684\u751f\u610f\u3002<\/p>\n
**HZD\u7684\u4e2d\u7acb\u89c2\u70b9**\uff1a<\/p>\n
1. **\u6bd4\u7279\u5e01\u7684\u80fd\u8017\u5e76\u975e”\u4e0d\u53ef\u63a5\u53d7”**\uff1a0.58%\u7684\u5168\u7403\u53d1\u7535\u91cf\uff0c\u6362\u53d6\u4e00\u4e2a\u65e0\u56fd\u754c\u3001\u6297\u5ba1\u67e5\u7684\u91d1\u878d\u7f51\u7edc\uff0c\u8fd9\u662f\u503c\u5f97\u7684\u3002\u522b\u5fd8\u4e86\uff0c\u5168\u7403\u6bcf\u5e74\u6d6a\u8d39\u5728\u5723\u8bde\u8282\u5f69\u706f\u4e0a\u7684\u7535\u529b\uff0c\u662f\u6bd4\u7279\u5e01\u768455%\u3002<\/p>\n
2. **\u53ef\u518d\u751f\u80fd\u6e90\u6b63\u5728\u6539\u5584**\uff1a58.5%\u7684\u53ef\u518d\u751f\u80fd\u6e90\u4f7f\u7528\u7387\uff0c\u5df2\u7ecf\u8d85\u8fc7\u4e86\u5168\u7403\u5e73\u5747\u7535\u529b\u7ed3\u6784\uff08\u7ea638%\u53ef\u518d\u751f\u80fd\u6e90\uff09\u3002\u968f\u7740\u98ce\u7535\u3001\u592a\u9633\u80fd\u6210\u672c\u6301\u7eed\u4e0b\u964d\uff0c\u6bd4\u7279\u5e01\u7684\u78b3\u8db3\u8ff9\u5c06\u8fdb\u4e00\u6b65\u964d\u4f4e\u3002<\/p>\n
3. **PoS\u5e76\u975e\u5b8c\u7f8e\u66ff\u4ee3**\uff1a\u867d\u7136\u66f4\u73af\u4fdd\uff0c\u4f46PoS\u727a\u7272\u4e86\u53bb\u4e2d\u5fc3\u5316\u548c\u5b89\u5168\u6027\u3002\u6bd4\u7279\u5e01\u4f5c\u4e3a”\u6570\u5b57\u9ec4\u91d1”\uff0c\u5176\u4ef7\u503c\u6070\u6070\u5728\u4e8ePoW\u5e26\u6765\u7684\u4e0d\u53ef\u7be1\u6539\u6027\u3002\u5982\u679c\u8f6c\u4e3aPoS\uff0c\u6bd4\u7279\u5e01\u5c06\u5931\u53bb\u5176\u6838\u5fc3\u7ade\u4e89\u529b\u3002<\/p>\n
4. **\u4e0d\u8981\u88ab”\u73af\u4fdd\u53d9\u4e8b”\u7ed1\u67b6**\uff1a\u5f53\u4f60\u542c\u5230”\u6bd4\u7279\u5e01\u7834\u574f\u73af\u5883”\u65f6\uff0c\u8bf7\u53cd\u95ee\uff1a\u94f6\u884c\u4e1a\u7684\u80fd\u8017\u662f\u6bd4\u7279\u5e01\u76844\u500d\uff0c\u4e3a\u4ec0\u4e48\u6ca1\u4eba\u6279\u8bc4\uff1f\u4e3a\u4ec0\u4e48\u4f20\u7edf\u91d1\u878d\u652f\u6301\u7684ESG\u8d44\u4ea7\uff08\u5982\u7eff\u8272\u503a\u5238\uff09\u4ece\u4e0d\u8ba1\u7b97\u81ea\u5df1\u7684\u78b3\u8db3\u8ff9\uff1f<\/p>\n
**\u6295\u8d44\u5efa\u8bae**\uff1a
\n\u5bf9\u4e8e\u5173\u6ce8ESG\u7684\u6295\u8d44\u8005\uff0c\u53ef\u4ee5\u914d\u7f6e\u4ee5\u4e0b\u6bd4\u7279\u5e01\u76f8\u5173\u6807\u7684\uff1a
\n– **\u7eff\u8272\u77ff\u4f01**\uff1a\u5982CleanSpark\uff08\u7ea695%\u53ef\u518d\u751f\u80fd\u6e90\uff09\u3001Iris Energy\uff08100%\u6c34\u7535\uff09
\n– **\u6bd4\u7279\u5e01ETF + \u78b3\u62b5\u6d88**\uff1a\u8d2d\u4e70\u6bd4\u7279\u5e01ETF\uff0c\u540c\u65f6\u8d2d\u4e70\u78b3\u4fe1\u7528\u989d\u5ea6\uff0c\u4e2d\u548c\u78b3\u8db3\u8ff9
\n– **\u53ef\u518d\u751f\u80fd\u6e90\u9879\u76ee**\uff1a\u6295\u8d44\u4e3a\u6bd4\u7279\u5e01\u77ff\u573a\u4f9b\u7535\u7684\u98ce\u7535\u3001\u6c34\u7535\u9879\u76ee<\/p>\n
\u8bb0\u4f4f\uff1a\u5728\u80fd\u6e90\u53d9\u4e8b\u4e2d\uff0c\u6570\u636e\u53ef\u4ee5\u88ab\u64cd\u7eb5\uff0c\u52a8\u673a\u5f80\u5f80\u4e0d\u7eaf\u3002\u4f5c\u4e3a\u6295\u8d44\u8005\uff0c\u4f60\u9700\u8981\u770b\u7a7f\u73af\u4fdd\u5916\u8863\uff0c\u76f4\u51fb\u5229\u76ca\u672c\u8d28\u3002<\/p>\n
—<\/p>\n
## \u7ed3\u8bed<\/p>\n
\u6bd4\u7279\u5e01\u7684\u73af\u4fdd\u4e89\u8bae\uff0c\u8868\u9762\u4e0a\u662f\u5173\u4e8e\u80fd\u8017\u548c\u78b3\u6392\u653e\uff0c\u5b9e\u8d28\u4e0a\u662f\u4e00\u573a\u5173\u4e8e\u53bb\u4e2d\u5fc3\u5316\u3001\u91d1\u878d\u4e3b\u6743\u3001\u653f\u6cbb\u6743\u529b\u7684\u535a\u5f08\u3002<\/p>\n
\u6570\u636e\u544a\u8bc9\u6211\u4eec\uff1a\u6bd4\u7279\u5e01\u6d88\u8017165 TWh\/\u5e74\uff0c\u5360\u5168\u7403\u53d1\u7535\u91cf\u76840.58%\uff0c\u4f4e\u4e8e\u94f6\u884c\u4e1a\u3001\u9ec4\u91d1\u5f00\u91c7\u3001\u89c6\u9891\u6d41\u5a92\u4f53\u7b49\u4f20\u7edf\u884c\u4e1a\u300258.5%\u7684\u53ef\u518d\u751f\u80fd\u6e90\u4f7f\u7528\u7387\uff0c\u6b63\u5728\u9010\u5e74\u63d0\u5347\u3002PoS\u867d\u7136\u66f4\u73af\u4fdd\uff0c\u4f46\u727a\u7272\u4e86\u53bb\u4e2d\u5fc3\u5316\u548c\u5b89\u5168\u6027\u3002<\/p>\n
\u771f\u6b63\u7684\u73af\u4fdd\u4e0d\u662f”\u53d6\u6d88\u6bd4\u7279\u5e01”\uff0c\u800c\u662f\u63a8\u52a8\u77ff\u4e1a\u4f7f\u7528\u66f4\u591a\u53ef\u518d\u751f\u80fd\u6e90\u3001\u5229\u7528\u88ab\u6d6a\u8d39\u7684flare gas\u3001\u8d2d\u4e70\u78b3\u4fe1\u7528\u989d\u5ea6\u4e2d\u548c\u6392\u653e\u3002\u8fd9\u6b63\u662f\u6bd4\u7279\u5e01\u793e\u533a\u6b63\u5728\u505a\u7684\u4e8b\u60c5\u2014\u2014\u4ece2021\u5e74\u768442%\u53ef\u518d\u751f\u80fd\u6e90\uff0c\u63d0\u5347\u81f32026\u5e74\u768458.5%\u3002<\/p>\n
2026\u5e74\u7684\u4eca\u5929\uff0c\u6bd4\u7279\u5e01\u7684\u73af\u4fdd\u4e89\u8bae\u4f9d\u7136\u6fc0\u70c8\u3002\u4f46\u8d8a\u6765\u8d8a\u591a\u7684\u673a\u6784\u610f\u8bc6\u5230\uff0c\u8fd9\u5e76\u975e”\u80fd\u8017\u95ee\u9898”\uff0c\u800c\u662f”\u653f\u6cbb\u95ee\u9898”\u3002\u968f\u7740\u53ef\u518d\u751f\u80fd\u6e90\u7684\u666e\u53ca\u3001\u77ff\u4e1a\u7684\u7eff\u8272\u8f6c\u578b\uff0c\u6bd4\u7279\u5e01\u7684\u78b3\u8db3\u8ff9\u5c06\u9010\u6b65\u964d\u4f4e\u3002<\/p>\n
\u771f\u6b63\u7684\u6311\u6218\u4e0d\u662f”\u6bd4\u7279\u5e01\u662f\u5426\u73af\u4fdd”\uff0c\u800c\u662f\uff1a\u6211\u4eec\u613f\u610f\u4e3a\u4e00\u4e2a\u65e0\u56fd\u754c\u3001\u6297\u5ba1\u67e5\u7684\u91d1\u878d\u7f51\u7edc\uff0c\u4ed8\u51fa\u591a\u5c11\u4ee3\u4ef7\uff1f<\/p>\n
\u7b54\u6848\uff0c\u638c\u63e1\u5728\u6bcf\u4e2a\u6bd4\u7279\u5e01\u6301\u6709\u8005\u7684\u624b\u4e2d\u3002<\/p>\n
—<\/p>\n
**\u6587\u7ae0\u5b57\u6570\uff1a\u7ea66200\u5b57**
\n**\u6570\u636e\u6765\u6e90\uff1a\u5251\u6865\u6bd4\u7279\u5e01\u7535\u529b\u6d88\u8017\u6307\u6570(CCAF), \u6bd4\u7279\u5e01\u77ff\u4e1a\u59d4\u5458\u4f1a(BMC), \u5168\u7403ESG\u8d44\u4ea7\u62a5\u544a, \u4ee5\u592a\u574a\u57fa\u91d1\u4f1a**
\n**\u751f\u6210\u65f6\u95f4\uff1a2026\u5e745\u67085\u65e5**<\/p>\n","protected":false},"excerpt":{"rendered":"
2021\u5e745\u670812\u65e5\uff0c\u7279\u65af\u62c9CEO\u57c3\u9686\u00b7\u9a6c\u65af\u514b\u7a81\u7136\u5728Twitter\u5ba3\u5e03\uff1a”\u7279\u65af\u62c9\u6682\u505c\u63a5\u53d7\u6bd4\u7279\u5e01\u652f\u4ed8\uff0c\u56e0\u4e3a\u6bd4\u7279\u5e01\u6316\u77ff\u4f7f\u7528\u7684\u5316\u77f3\u71c3\u6599\u8d8a\u6765\u8d8a\u591a\uff0c\u7279\u522b\u662f\u7164\u70ad\uff0c\u5176\u78b3\u6392\u653e\u662f\u6240\u6709\u71c3\u6599\u4e2d\u6700\u7cdf\u7cd5\u7684\u3002”\u6b64\u8a00\u4e00\u51fa\uff0c\u6bd4\u7279\u5e01\u4ef7\u683c\u5f53\u5929\u66b4\u8dcc17%\uff0c\u4ece58000\u7f8e\u5143\u8dcc\u81f348000\u7f8e\u5143\u3002<\/p>\n","protected":false},"author":1,"featured_media":220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-14"],"_links":{"self":[{"href":"https:\/\/hzd.com\/index.php?rest_route=\/wp\/v2\/posts\/205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hzd.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hzd.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hzd.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hzd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=205"}],"version-history":[{"count":0,"href":"https:\/\/hzd.com\/index.php?rest_route=\/wp\/v2\/posts\/205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hzd.com\/index.php?rest_route=\/wp\/v2\/media\/220"}],"wp:attachment":[{"href":"https:\/\/hzd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hzd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hzd.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}