A recently published analysis argues Bitcoin mining is increasingly supporting, not straining power grids and global climate objectives. Researchers contend crypto mining provides useful flexibility to balance electricity supply and demand.

With fast-ramping energy use, Bitcoin miners can adjust consumption to assist grid stability according to the paper. Case studies show miners adjusting usage to bolster grids during periods of supply and demand imbalance.

The findings counter arguments by politicians like Senator Elizabeth Warren that mining is wasteful and requires regulatory crackdowns over energy impacts. The paper concludes Bitcoin has complex but potentially positive effects on energy sustainability.

Over 50% of Bitcoin mining now utilizes clean power, innovations enabling green mining are growing. But more study is required, researchers say.

While acknowledging open questions, the experts dispute sweeping claims that crypto mining strains grids or environmental goals. The paper signals building expert consensus around mining's inherent energy flexibility.