On the other hand, the government moves slowly. I argue that, since mining is done in the US, mining is clearly providing more value than the electricity used,

On the other hand, the government moves slowly. I argue that, since mining is done in the US, mining is clearly providing more value than the electricity used, since it continues. The power use is just an excuse. Of course, the price of electricity should reflect its externalities (i.e. greenhouse gas emissions). That way, the market could find a better solution. But the fossil lobby has got deep pockets.