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Once cooled, remove the skin of each pepper by rubbing with dry paper towels. Use a vegetable peeler or paring knife to remove extra stubborn pieces. Remove the stems and slice each in half to remove the seeds and ribs. Place the peppers, 1 cup of the lime juice and the horseradish into a blender, and then blend until smooth. In an extra-large pitcher or beverage dispenser, stir the pepper mix, the remaining 1 cup lime juice and the tomato juice until well combined. Refrigerate until ready to use.
To serve, pour 1/2 cup drink mix and 1 1/2 cups (or one 12-ounce can) beer over ice.