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The Latest New York Times Bitcoin Mining Hit Piece Is a Monument to Intellectual Laziness

The Breakdown

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The Death of Rockdale, Texas

The Texas power grid is not mentioned a single time in an article reporting to be a deep analysis of its workings. The piece alludes to the fact that Bitcoin mines don't create a lot of jobs, but this paragraph seems to imply that the mining facility is somehow to blame for the departure of an aluminum smelter more than a decade ago. That is the smelter quite likely closed before Bitcoin was invented.

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