The World’s Biggest Bitcoin Mine Is Rattling This Texas Oil Town

https://www.wired.com/story/the-worlds-biggest-bitcoin-mine-is-rattling-this-texas-oil-town/

by wiredmagazine

3 comments

  1. Corsicana, the seat of Navarro County, is best known for kicking off [the Texas oil boom](https://aoghs.org/petroleum-pioneers/texas-oil-boom-in-corsicana/#google_vignette) in 1894, when a 1,000-foot well meant to alleviate a [water shortage](https://www.tshaonline.org/handbook/entries/corsicana-oilfield) instead turned up an oil field that extended for miles. In the century to follow, tens of millions of barrels of oil were pulled from the city—and Corsicana got rich.

    Today, only [one or two thousand barrels](https://www.texas-drilling.com/navarro-county/corsicana) are extracted each year. Almost [a sixth](https://data.census.gov/table/ACSST5Y2022.S1701?q=Corsicana) of the 24,000 people who live in Corsicana are below the poverty line, well above the [national average](https://www.census.gov/library/publications/2023/demo/p60-280.html#:~:text=Highlights-,Official%20Poverty%20Measure,37.9%20million%20people%20in%20poverty.). 

    But on a 265-acre parcel of land about 10 miles out of town, construction is underway on a gigantic bitcoin mining facility. It belongs to Riot Platforms, a publicly listed crypto mining company, which intends to grow it into the [largest in the world](https://www.riotplatforms.com/bitcoin-mining/corsicana/).

    But all over the US, crypto mining companies are clashing with local residents. These people see the mines as a blot on the landscape that threatens their property values and quiet rural lifestyle. Some have even claimed that the noise produced by the large fans that cool all the computers is causing health problems like hearing loss, migraines and nausea.

    More here: [https://www.wired.com/story/the-worlds-biggest-bitcoin-mine-is-rattling-this-texas-oil-town/](https://www.wired.com/story/the-worlds-biggest-bitcoin-mine-is-rattling-this-texas-oil-town/)

  3. Bring your business to Texas! We have less government regulation!

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