Wired Magazine

The Hard-Luck Texas Town That Bet on Bitcoin and Lost

These works are a portrait of Rockdale, Texas a community on life support, the closed Alcoa plant (their one-time financial lifeline), and the players working to bring the world’s largest bitcoin mining facility to a community desperately needing good news. Bitmain promised to create between 400 and 600 jobs. New industry would replace the old. Instead, Milam County and other communities have learned a real-life lesson about the elusive promise of virtual currency with only 30 new jobs created.

Read more.

Back to Top