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In the midst of a new boom for cryptocurrencies, especially Bitcoin, which currently accounts for 70% of the market and reached nearly $ 41,000 USD on January 7, In 2013, a British investor mistakenly offered a hard drive containing 7,500 Bitcoin – today, around $ 275,000 million – to Newport, Wales, € 58 million to be able to dig a landfill.According to Business Insider.
However, they assured CNN, from Newport, through a statement, that drilling is not permitted at the site due toSignificant environmental impact in the surrounding areas.And because of There is no guarantee that the hard drive will be found or will work.
In 2013, British James Howells accidentally dumped a hard drive in which he stored 7,500 Bitcoins, which were unknown at the time and of very little value. After yearsThe price of the cryptocurrency has increased and is now trading at around $ 37,000. This is why the British offered a millionaire sum to the Newport City Council in exchange for letting it dig a landfill where it is believed the hard drive was gone.
Howells offered Newport City Council a millionaire to be allowed to dig a landfill where he believed the hard drive was gone.
“I have offered to donate 25% of the value, or 52.5 million pounds (58 million euros), to the Newport City Council to distribute to citizens if they can find their hard drive and recover bitcoins.“, He said.
This will allow about EGP 175 (196.6 euros) to be distributed to the entire city (316,000 people). He added, “Unfortunately, they rejected the offer and do not want to discuss it.”
Notably, Howells mined Bitcoin for four years, when cryptocurrencies were barely valuable. The British threw the hard drive between June and August 2013, thinking it had already saved all the files it needed.
However, he first realized this mistake when the price rose from $ 150 to $ 1,000, and the value of his digital wallet increased to $ 6 million (€ 4.97 million) in 2013.
Howells mined Bitcoin for four years, when cryptocurrencies were barely worth anything. The British dumped the hard drive between June and August 2013
After visiting the landfill, Howells explained that he believed he had no chance to recover his hard drive. But now he has a plan to find him. It will be the sameDig into a designated area of litter divided into grids and recover the hard drive while meeting all environmental safety standardsHe told CNN.
He added: “After that, the device will be handed over to data recovery specialists to rebuild it with new parts, thus being able to access a small portion of the data that I need to access bitcoins.”
According to Howles, The hard drive is worth around 200 million pounds (227.83 million euros) and I would be more than willing to share some of it with the people in Newport if they give you the opportunity to get it back..
“About 50% will be for investors who put the capital to finance the project, and I will keep the remaining 25%,” he added. But Newport doesn’t want anything to do with the idea.
The New York Times reported that stuck, lost or abandoned bitcoins in digital wallets amount to 20% of assets, about 18.4 million worth 116 million euros.
The cost of digging, storing, and processing waste can run to several millions of pounds, with no guarantee that the hard drive will be found or functioning.
Howells, at least, is not the only person who has experienced such luck: The New York Times recently reported that stuck, lost, or abandoned bitcoins in digital wallets make up to 20% of those in existence, around 18.4 million. Equivalent to 116 million euros.
Likewise, Wallet Recovery Services, a company dedicated to recovering lost keys, said it receives around 70 requests per day from users trying to access their digital wallets, a number that has tripled with the recent increase in the bitcoin price.
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