Energy consumption will drop for those less able to afford higher costs, George Selgin notes

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14.10.2026

Energy consumption will drop for those less able to afford higher costs, George Selgin notes — Bitcoin miners may not face biggest energy cuts

George Selgin questioned the assumption that a central authority would dictate energy consumption reductions, suggesting instead that in most cases, those who cannot afford higher energy costs will be the ones to reduce their usage. He argued there is no reason to assume that Bitcoin miners would be the hardest hit group when energy costs rise.

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Selgin has previously clarified that the Federal Reserve began paying interest on reserves ahead of schedule during 2008, urging careful consideration of U.S. monetary policy changes in that period here. In another discussion, he explored a proposal to combine a fixed monetary base regime like Bitcoin with the concept of free banking here. These comments add to his ongoing analysis of policy mechanisms and cryptocurrency structures.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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