Paradigm: “Bitcoin (BTC) mining balances energy rather than burdening the power grid”

Paradigm, a digital-asset (cryptocurrency) investment firm, argued that the perception that Bitcoin (BTC) mining burdens the power grid is not consistent with the facts.

According to CoinDesk, a digital-asset-focused media outlet, Paradigm said in a report that policymakers seeking to regulate Bitcoin mining on the grounds of energy consumption are missing the point. As concerns spread that electricity use by digital assets, artificial intelligence (AI) and other data centers could add to ordinary consumers’ power bills, calls for related regulation are growing louder.

Paradigm said that “mining should be excluded from the scope of regulation,” explaining that “mining operations are most effective when run during periods of low power prices, and miners operate at prices below their breakeven per megawatt-hour in order to turn a profit.”

It added that “Bitcoin mining functions in a way that offsets a significant portion of ordinary consumers’ energy consumption,” stressing that “rather than burdening the power grid, it instead plays a role in balancing energy flows.”