
Newport Man Wants Landfill to Reclaim 8,000 BTC
James Howells wants to buy a dump to recover a hard drive with 8,000 BTC lost. The court rejected his request, but he is not giving up.
James Howells wants to buy a dump to recover a hard drive with 8,000 BTC lost. The court rejected his request, but he is not giving up.
Get the latest news, learn from experts, discover new tools, and find inspiration right in your inbox.
No spam. Unsubscribe anytime.
James Howells, a computer engineer from Newport, is trying to buy a landfill site in the same city to recover a hard drive containing 8,000 BTC. The device was accidentally disposed of at the site.
According to Howells, his Bitcoin treasure was thrown away by his ex-girlfriend, who mistook the hard drive for a useless object.
James Howells' journey to save his Bitcoins
The engineer has spent the last 12 years trying to get a legal permit to search the area located on Docks Way. According to him, his Bitcoins are buried there. Howells said the landfill is expected to close between 2025 and 2026.
Source: BBC News
The landfill site contains over 1.5 million tonnes of waste. James claims that his hard drive is buried in an area of about 100,000 tonnes. With the news of the closure, he sees an opportunity to buy the land. He has discussed this possibility with his financial partners and believes it is feasible.
In addition to this, James has embarked on a legal battle, demanding £495 million in compensation or permission to excavate the landfill.
Faced with this claim, the city council contested the claim and asked the High Court to dismiss the case. Justice Keyser KC ruled against Howells, saying the case had no realistic prospects.
In addition to buying the land, James is planning an appeal before Justice KC to overturn the decision. He wrote on X (formerly Twitter):
X
Since 2013, cryptocurrencies have seen exponential growth. According to some reports, Bitcoin is set to rise in the coming months. At current market rates, James's 8,000 Bitcoins are worth around £630 million ($782 million).
Following this story, a user on X commented:
X
In conclusion, James is still fighting for his treasure. Whether the purchase of the dump will change his fate remains to be seen.
Read Next
Thailand Seizes 63 Illegal Mining Rigs for Power Theft
Thai authorities seized 63 illegal mining rigs accused of stealing more than $327,000 worth of electricity.
Pakistan Establishes National Crypto Council for Regulation
Pakistan establishes the Pakistan Crypto Council to regulate the crypto sector and integrate it into the national financial ecosystem.
Russia Utilizes Crypto for Oil Exports to China and India
Russia is using cryptocurrencies such as Bitcoin, Ethereum and Tether to facilitate oil exports to China and India, circumventing Western sanctions.
Market Crash: A Trump Move? - QCP Capital Analysis
QCP Capital analyses the impact of Trump's victory on financial markets, highlighting the correlation between the collapse of technology stocks and future economic prospects.