As stated above. Likely you are missing a mipmap of the texture assigned to that specific LOD. See screenshot.
At cca. 100 m distance, the fence is okay. When i move in closer, it appears white as on the screenshot. It fully loads when i get in at less than 10-15 m.
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Run towards some place that is fenced off with chain link fence. Notice how it turns solid nontransparent white at cca. 100 m.
Run closer. Notice how the texture loads back in at around 10 m.
This issue appeared at 0.55 I believe, but it keeps persisting and nobody seems to have reported it. Multiple friends of mine confirmed it. So, it'd be my pleasure to report it.
Hello HrcAk47 and thank you for the report.
This is a known issue (#0021162) and it has been scheduled for a fix.
Regards,
Geez