This means that mining does not create excessive strain on power grids or contribute to rising electricity costs, Paradigm experts concluded.

"Bitcoin mining should be considered in the context of the overall electricity market, rather than through simplified comparisons of energy resources," the investment analysts added.

Miners typically seek out electricity at the lowest price, often using surplus or off-peak hours. This means they are flexible and react quickly to price changes in real time, Paradigm experts explained.

According to them, mining stimulates the development of renewable energy sources. By using excess electricity from solar or wind farms, miners help improve the economics of green generation and reduce energy losses.

Mining can also serve as a mechanism for stabilizing local grids, especially in regions with irregular consumption. During peak loads, mining farms can reduce their activity, reducing pressure on the infrastructure, and during surpluses, they can increase consumption, making the system more flexible and resilient, Paradigm representatives concluded.

Earlier, GoMinig specialists stated that the Bitcoin network had developed so much that it had entered the "Zetahash era" for the first time in history—however, mining companies' profitability, on the contrary, had declined.