There are plenty of reasons not to want your IOT bulb to be insecure that are unrelated to people mining crypto.
A pwned IOT lightbulb can be used to help DDOS sites. It can relay DDOS traffic, eating your own bandwidth. It can be constantly probing the other devices on your network looking for vulnerabilities, until it pwns something else and is able to slurp down your passwords and credit card numbers.
Are you seriously suggesting that having an actively malicious computing device inside your home network is no big deal?
A pwned IOT lightbulb can be used to help DDOS sites. It can relay DDOS traffic, eating your own bandwidth. It can be constantly probing the other devices on your network looking for vulnerabilities, until it pwns something else and is able to slurp down your passwords and credit card numbers.
Are you seriously suggesting that having an actively malicious computing device inside your home network is no big deal?