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Appalachian town promised a bitcoin mine driven economic boom got pollution and an eyesore

Posted on 3/18/22 at 11:08 pm
Posted by hikingfan
Member since Jun 2013
1706 posts
Posted on 3/18/22 at 11:08 pm
quote:



The unincorporated clutch of homes and churches at the base of the Appalachian Mountains offers expansive vistas of lush farmland, thick woods and towering ridges in all directions. Neighbors know one another. Most residents have family bonds spanning generations or moved to this tranquil patch to escape city noise.

Instead, the noise came to them in April last year when the Tennessee-based firm Red Dog Technologies opened a plant in Limestone to mine (or create) new bitcoin, the original and still-largest cryptocurrency.

The process relies on massive computers performing complex calculations - all while kept at a constant temperature by equally massive cooling fans - and that can get noisy.

The Limestone mine operates day and night, growing louder at night and on weekends when bitcoin's electricity-hungry computers can take advantage of down time and lower prices on the electricity grid and ramp up their algorithmic-solving power.

"We couldn't have people over to gather in our front yard because we could hardly hear one another talking," said Preston Holley, whose home sits across the street from the mine.

Appalachia, with its cheap electricity from coal, natural gas and hydro, was already attractive to bitcoin miners when China, which dominated world production, cracked down on such operations last summer, worried about the volatility of digital currencies.

Companies forced out of China began scouting new locations across rural America. Appalachia, more accustomed to coal-caked helmeted workers than tech-savvy blockchain enthusiasts, saw an influx of miners.

But while supporters tout economic benefits such as an expanded tax base and job creation, residents in areas that initially welcomed crypto mining are now experiencing buyer's remorse.

Kent Harris, a Washington County commissioner, looks back on his vote authorizing the Limestone crypto mining operation and shakes his head.

"It looks like a German POW camp," Harris said of the bitcoin mine, which is surrounded by barriers, cameras and fencing topped with razor wire.

"I have never regretted a vote like this one. I sure wish I could take it back," he said.


quote:

A lawsuit filed by the county in November accused Red Dog Technologies, the mine owner, and BrightRidge, the local electricity provider that owns the land where the mine is located, of zoning violations and causing "immediate and irreparable injury, loss, and damage."

"We thought it was a data center going in there," Harris said, noting that the zoning application had mentioned a "block chain data center."

LINK
This post was edited on 3/18/22 at 11:30 pm
Posted by Bjorn Cyborg
Member since Sep 2016
31900 posts
Posted on 3/18/22 at 11:18 pm to
“Area built on coal mines disturbed by computer technology”
Posted by billjamin
Houston
Member since Jun 2019
14939 posts
Posted on 3/18/22 at 11:28 pm to
Bring that shite to WTX. No one gives a frick what it looks like out there anyway.
Posted by deltaland
Member since Mar 2011
96479 posts
Posted on 3/18/22 at 11:56 pm to
Would have never thought it took all that to create bitcoin
Posted by Eighteen
Member since Dec 2006
36401 posts
Posted on 3/18/22 at 11:57 pm to
A couple “peaceful protests” can make it go poof real quick
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
40335 posts
Posted on 3/18/22 at 11:59 pm to
quote:

"I have never regretted a vote like this one. I sure wish I could take it back," he said.


That’s how I feel about Romney 2012.
Posted by TigerOnTheMountain
Higher Elevation
Member since Oct 2014
41773 posts
Posted on 3/19/22 at 12:01 am to
This is a real problem all over Appalachia. A county to the south of me is fighting a Chinese owned company that installed a mining facility in a residential area.
Posted by billjamin
Houston
Member since Jun 2019
14939 posts
Posted on 3/19/22 at 12:01 am to
quote:

Would have never thought it took all that to create bitcoin

It takes a lot. I’m finalizing a deal right now for 150 acres that will pull a couple MW off a wind farm. I can’t speak to the projected yield because it’s all confidential other than to say it’s profitable.
Posted by tigersownall
Thibodaux
Member since Sep 2011
16149 posts
Posted on 3/19/22 at 2:35 am to
Take it to the streets. These Chicoms think they can take over anywhere.
Posted by Pepperoni
Mar-a-Lago
Member since Aug 2013
3905 posts
Posted on 3/19/22 at 2:47 am to
quote:

“Area built on coal mines disturbed by computer technology”


I’d like to make it a true Daily Double, Alex.
What is an example of cognitive dissonance?
Posted by Gee Grenouille
Bogalusa
Member since Jul 2018
6653 posts
Posted on 3/19/22 at 7:12 am to
quote:

Kent Harris, a Washington County commissioner, looks back on his vote authorizing the Limestone crypto mining operation and shakes his head.


At least this guy gets it now. Entergy got a 7 million dollar property tax abatement to build a 150 million dollar natural gas power plant just outside of town. One of the city councilman said "they're spending 150 million in Washington Parish, it has to be good".

There's nobody in WP selling 25mw turbine generators man, nobody selling industrial piping and structural steel. They aren't spending that money here. Oh and the turbine people said it would be nice and quiet. lolol
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 3/19/22 at 7:14 am to
I'd say bring it to NOLA or BR and it would blend right in and no one could hear it over the gun shots.
But who am I kidding, all the copper would be stripped out of it within a day.
This post was edited on 3/19/22 at 7:15 am
Posted by Wiseguy
Member since Mar 2020
4000 posts
Posted on 3/19/22 at 8:11 am to
quote:

A county to the south of me is fighting a Chinese owned company that installed a mining facility in a residential area.


How the hell does that happen? I mean there has to be several levels of approval that happened along the way, right?
Posted by tigerinthebueche
Member since Oct 2010
36933 posts
Posted on 3/19/22 at 8:19 am to
quote:

How the hell does that happen? I mean there has to be several levels of approval that happened along the way, right?


Silly rabbit, the Chicoms just write checks to the right officials and presto- access granted.

We (the taxpayers and non-elites) are being sold down the River at every turn and on every issue. Domestically, nationally, locally- middle class and lower class taxpayers are getting fricked at every turn. And if you’re a white taxpayer, you’ve got a bullseye on your back. It ain’t paranoia, it’s fact.
Posted by The Boat
Member since Oct 2008
171460 posts
Posted on 3/19/22 at 8:31 am to
quote:

Appalachian town
quote:

got an eyesore

I’m sure that’s the only eyesore in an Appalachian town
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47198 posts
Posted on 3/19/22 at 8:35 am to
quote:

job creation,


Lol they should have done 2 minutes of research.

I guess the local power company is the only one enjoying it.
Posted by Cracker
in a box
Member since Nov 2009
18885 posts
Posted on 3/19/22 at 8:35 am to
There has never been coal mining in Washington County
Posted by LEASTBAY
Member since Aug 2007
15618 posts
Posted on 3/19/22 at 8:39 am to
Not sure how a data center would look any different. Can it really be that loud? Very odd.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47198 posts
Posted on 3/19/22 at 8:48 am to
quote:

Not sure how a data center would look any different. Can it really be that loud? Very odd.


Unlike traditional data centers mining companies mostly use portable trailers that they can drop wherever electricity is cheapest. And since they basically run at peak load all the time they use way more electricity and generate a lot more heat per SQ ft as well. Thus with larger cooling requirements that can get quite loud, especially if you don't care how loud it gets.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
86720 posts
Posted on 3/19/22 at 8:50 am to
quote:

I’m finalizing a deal right now for 150 acres


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