After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while the editorial also alleges that one of the authors went to great lengths to investigate the story. However, bitcoin proponents disagree with the article’s premise and maintain that the Times reporter did not use current data. They also argue that the story was one-sided, with practically zero opposing viewpoints.
Bitcoiners Respond to NYT Article About Bitcoin Mining — ‘Sometimes Clicks Are More Important Than the Truth’
The New York Times (NYT) is getting berated on social media after several well-known bitcoin proponents claimed that the publication published a one-sided article to promote propaganda. This is not the first time the Times has been accused of lacking journalistic integrity and being a mouthpiece for the establishment. In mid-November 2022, the publication was accused of writing a “puff piece” about former FTX CEO Sam Bankman-Fried (SBF) and inviting him to speak at the company’s Dealbook Summit event. On April 10, NYT reporter Gabriel Dance published an editorial titled “The Real-World Costs of the Digital Race for Bitcoin.”
In his editorial, Dance focuses on bitcoin mining in the United States and claims that 85% of U.S.-based miners use fossil fuels for energy. The report also discusses the state of Texas and the 34 bitcoin mines located in the region. Although Dance misspells the name of one of the Texas Bitdeer bitcoin mines, his findings suggest that bitcoin mining is environmentally unfriendly and “in some areas, this has led prices to surge.” However, despite the author’s claims, some bitcoin enthusiasts have denounced the article as propaganda. CEO and co-founder of the Satoshi Act Fund, Dennis Porter, was among those who criticized the Times article.
“The NYT hit piece dropped and it’s everything we expected. Sad to see the NYT attack bitcoin mining despite the incredible outreach by our community to engage and share the other side of the story,” Porter said in a tweet. “Sometimes clicks are more important than the truth.” In another tweet, Porter emphasized that the “NYT couldn’t even take the time to fact-check the town where…
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