Paradigm Challenges Regulatory Efforts on Bitcoin Mining Energy Use

Paradigm, a cryptocurrency investment firm, has released a report questioning regulatory actions aimed at Bitcoin mining due to concerns over energy consumption. According to NS3.AI, the firm argues that Bitcoin mining predominantly takes place during off-peak hours when electricity costs are lower, which aids in stabilizing the power grid. Paradigm asserts that Bitcoin mining mitigates significant consumer electricity usage instead of imposing excessive strain on it.