Protesting a Business Property Location

What is happening? Grass roots group in Corsicana Texas do not want a bitcoin miner in their backyard. They are concerned about their already frail infrastructure and a concern of increasing electricity costs supported by a UC Berkeley study and comments from the Texas Blockchain Council that no company can guarantee rates won’t increase.

Why is this important? One of the world’s largest bitcoin mining centers is being built near Corsicana by  Riot Blockchain. The 256 acres of its property is located at the end of a high-voltage transmission line — known as a switch — that will supply the electricity needed to mine for digital currency. They also have access to water to cool their facility.

How will this be important? “the facility will have a maximum capacity of 1 gigawatt, enough electricity to power 300,000 to 1 million homes in the U.S. That’s over 30% bigger than Riot’s capacity at its existing facility about two hours away in Rockdale.”

Dallas Morning News | ‘We do not want this’: Corsicana group protests Riot Blockchain’s Bitcoin mining facility