'Within the U.S., 19.9% of bitcoin’s hashrate – that is, the collective computing power of miners – is in New York, 18.7% in Kentucky, 17.3% is in Georgia, and 14% in Texas, according to Foundry USA, which is the biggest mining pool in North America and the fifth-largest globally.'

What a crappy headline. Texas is in fourth place according to the source cited in the article. Why is the fourth place state headline worthy, while the second (Kentucky) and third (Georgia) place states are not? Eyeballs and clicks, Texas apparently brings (or has the potential to bring) more of each.

And this is really sad when you consider that so many people "only read the headlines" these days. They don't walk away with only part of the story, as you would expect of someone only reading the headline. They actually walk away with a completely different story.

That's sad. And dangerous.

And it's not journalism. It's clickbaiting.

tags: journalismwebbitcoin

posted by matt in Sunday, October 10, 2021

A real impact from the Bitcoin energy narrative - a region in China scheduled shut down of existing mining operations and won't allow new ones because it's in trouble with Beijing over energy consumption.

tags: bitcoinchina

posted by matt in Tuesday, March 2, 2021

The narrative on Bitcoin is shifting. I've seen several articles on the energy impact of Bitcoin mining over the last couple weeks. I'd seen nothing on it before then, although my son had mentioned it to me several times.

tags: bitcoin

posted by matt in Saturday, February 27, 2021