As cryptocurrencies become increasingly popular, more individuals and organizations are deciding to jump on the bandwagon and mine them – which sometimes sparks pushback from parties concerned over the effects of this practice.
Indeed, one of the communities where crypto mining might come into question due to local pushback is the town of Corsicana in the Navarro County, Texas, where Bitcoin (BTC) mining company Riot Blockchain is building the world’s largest crypto mining facility on a 265-acre property, The Dallas Morning News reported on June 16.
One of the largest Bitcoin mining companies in the world plans to power its facility through a high-voltage transmission line, called a switch. Explaining why they picked this location to build their facility, Riot Blockchain’s chief commercial officer Chad Harris said:
“You had two very valuable resources. You had the Navarro switch and you had water.”
The new facility will be 30% larger than the company’s existing facility in Rockdale and will have a maximum capacity of 1 gigawatt. According to the report, this is enough to power 300,000 to 1 million U.S. homes and has been announced as a major economic development for the community.
Reasons for resistance to mining
However, the project’s announcement has provoked resistance from some of the locals. Their leader, Jackie Sawicky, expressed skepticism about the announcement, stating that:
“They announced it like it’s something we should be grateful…
