Bulloch County Commissioners will soon consider a conditional use application for a cryptocurrency mining operation in the south end of Bulloch County. The application has concerned residents who say the project, which will run on an Excelsior EMC substation line, will be subsidized by other customers in the long run, causing a spike in prices following a surge in use.
The Georgia Transmission Corporation submitted a conditional use application to allow a commercial cryptocurrency mining operation at a property on Highway 119 North, a “rural-neighborhood area” under the Bulloch County Joint Comprehensive Plan.
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About The Property
Public records indicate that the 5.46 acres at 5634 Highway 119 North is owned by Georgia Transmission Corporation out of Tucker, Ga.
The area is primarily rural residential and agricultural uses at adjacent and nearby properties with an EMC electrical utility substation already on property within the application. The closest fire station is in Stilson, approximately 5.6 miles away, and the Sheriff’s Office response time is listed at 25 minutes.
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About Georgia Transmission Corporation
Georgia Transmission’s website lists the company as the “link” between state’s energy generators and local electric membership cooperatives (EMCs) to provide “reliable, affordable power to communities across Georgia.”
About Cryptocurrency Mining Operations
As succinctly as it can be described, crypto mining is like other mining operations. Instead of metals, however, crypto seeks new coins by solving complex mathematical equations in the form of “cryptographic hashes – or data.” Cryptocurrency mining is also an automated process of validating transactions without the intervention of third parties like banks.
The practice has come under fire in recent years over concerns of carbon emissions and electronic waste. Experts say the annual electronic waste of crypto mining accounts…
