Paradigm: BTC mining balances grid rather than burdens it

Crypto investment firm Paradigm argued in a new report that policymakers are missing the point in their attempts to regulate Bitcoin mining over its energy use. According to CoinDesk, calls for such regulation are growing amid concerns about the impact of energy consumption by crypto, artificial intelligence (AI), and other data centers on consumer electricity bills. In response, Paradigm asserted that mining operations should be excluded from the scope of these regulations. The firm explained that mining is effective during off-peak hours when electricity prices are low, noting that miners must operate below their break-even cost per megawatt-hour to be profitable. Paradigm emphasized that Bitcoin mining can offset a significant portion of general consumer energy consumption, thereby bringing balance to the power grid rather than burdening it.