We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. Hydropower plants, for example, can generate and sell much more electricity during rainy seasons in some regions or when snow melts in others. Wastage can be mitigated through a symbiosis with bitcoin farms, at no additional cost for the environment.
This year, a number of mining operations have closed globally and around tens of thousands of mining rigs have been shut down in China. However, the bear market has ignited a wave of creativity among resourceful market participants, allowing their mining operations to thrive by capitalizing on new cost-efficient strategies. 
As part of a parliamentary mission to explore the implementation of crypto and blockchain technologies in France’s economy, two pro-crypto deputies, Jean-Michel Mis and Laure de La Raudière, have put forward a proposal to recognize mining as an “electro-intensive activity.” That status would allow cryptocurrency miners to pay for the electricity needed for their facilities at preferential rates.