GEOGRAPHY IN THE NEWS:
Students in my "Stock Market Challenge: Intro to Finance & Investment" class are frequently surprised to learn that there is a geographic element to bitcoin mining. Because the computers engaged in bitcoin mining need electricity 24/7, bitcoin mining operations tend to be clustered in areas with cheap electricity. The country of Georgia is using its cheap hydroelectric power, generated by rivers rushing down the Caucasus Mountains, to attract bitcoin miners. Nearly 10% of Georgia's electricity now goes to bitcoin mining, even as the price of bitcoin has fallen to less than 1/5 of what it was roughly a year ago. www.nytimes.com/2019/01/22/business/georgia-bitcoin-blockchain-bitfury.html
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