No. Bitcoin and other proof-of-work cryptocurrencies are really just a waste of electricity. Even if you put your miners next to a hydro plant it is wasteful. You could just use proof-of-stake cryptocurrencies and do something productive with the electricity, like smelt steel or produce hydrogen.
Bitcoin is the equivalent of heating your house with the body heat of cows. Yes, its possible, yes, it works, yes, it used to be done this way. But it isn't really efficient and while a few cow-merchants and fleas might object, the world is better now.
Bitcoin is the equivalent of heating your camp by setting a forest on fire. "Look ma, radiative heat bouncing off the hills will keep us warm for couple of days, and when we come around here next year, the animals living here will be easier to hunt!".
Sure, we used to do that, before we learned how to write. But holy hell does it not scale.
Bitcoin is the equivalent of heating your house with the body heat of cows. Yes, its possible, yes, it works, yes, it used to be done this way. But it isn't really efficient and while a few cow-merchants and fleas might object, the world is better now.