Main questions are:
- Energy prices are getting more expensive as we can all see now, so for Bitcoin mining to be profitable bitcoin prices needs to go up otherwise it becomes unprofitable and miners will leave the bitcoin network making the bitcoin network less secure and vulnerable to 51% hack attacks correct?
- A drop in hash rate makes btc mining more easy attracting new miners to join the btc network to secure the network however what if the smart grid 2.0 detects and stops new bitcoin miners joining the btc network?
- The governments around the world are pushing their agendas for to stop global warming and bringing up ESG regulations. When this time comes then how can bitcoin miners mine bitcoin off the grid?
- Energy/Power rationing is happening around the world now in many countries due to high energy rising costs where governments have to ration energy usage in their own countries to decide who gets the power. They allow essential hospitals and airports to get the electricity but what about bitcoin miners?
Bitcoin mining operations are extremely mobile and can be setup anywhere in the world with cheap surplus electricity.
China has already tried shutting down not only the power grid -- but the entirety of mining operations in the country and it was unsuccessful.
The biggest thing you're missing is cryptocurrency mining and power plants being natural allies. Energy producers LOVE the high power consumption of proof of work mining. Miners in turn LOVE energy producers who give them good prices and excellent terms. This is a combination that can be had anywhere in the world if necessity demands. Bans by china or the USA won't necessarily have a significant impact.
As el salvador has shown any small country can benefit economically by embracing crypto. If crypto mining is banned in the USA, it may merely mean that some small nation will benefit from america's loss. The way the american crypto mining industry benefited from china banning it.