Core Viewpoint - Bitcoin mining should be regarded as a grid asset rather than an energy burden according to Paradigm's latest research report [1] Group 1: Bitcoin Mining Characteristics - Bitcoin miners are often mistakenly compared to AI data centers, but they actually belong to "flexible electricity demand" [1] - Miners can dynamically adjust their electricity consumption based on electricity prices and grid conditions, reducing load during peak grid pressure and increasing consumption during surplus electricity [1] Group 2: Energy Consumption and Emissions - Currently, Bitcoin mining accounts for approximately 0.23% of global energy consumption and about 0.08% of global carbon emissions [1] - The long-term growth of energy consumption in Bitcoin mining is constrained by economic incentives due to the halving of block rewards every four years [1]