Man who accidentally dumped 7,500 bitcoins on hard drive has a new plan to retrieve his BTC – Bitcoin News
The Briton, who accidentally threw away a computer with 7,500 bitcoins on its hard drive, has come up with a new plan to get his lost coins from the city’s landfill. “We estimate that there are between 300,000 and 400,000 tons of waste to search,” he said.
Man on a mission to retrieve 7,500 lost bitcoins
James Howells, an IT engineer who accidentally threw away the hard drive of an old computer containing 7,500 bitcoins in 2013, hasn’t given up looking for his coins. The 35-year-old from the city of Newport, UK, told The Sun his 12-month plan to search the city’s landfill with X-ray scanners and AI technology.
“This would be a real search – not just someone who goes in with a bucket and spade,” confirmed the Briton:
We have a system with multiple conveyor belts, x-ray scanners, and an AI scanning device that is trained to detect objects that are similar in size and density to the hard drive.
“That would be a tricky search because we don’t want to damage the hard drive in the process – you can’t just use a claw grabber,” he said. “We spoke to excavation experts and qualified engineers to make sure everything is done correctly and in an environmentally friendly manner.”
Howells added that for the past four or five months he has “spoken to some of the best data recovery experts in the world to make sure we can remove them from the hard drive.”
The search will be costly, but Howell said his plan is backed by a very wealthy hedge fund willing to pay for the search and associated equipment in exchange for the lion’s share of his fortune.
Howells believes his hard drive is 200 square meters and could be 15 meters deep, according to aerial photographs of the site. The IT engineer said:
We estimate that between 300,000 and 400,000 tons of waste are to be searched.
Despite a plan, Howells said Newport City Council wouldn’t let him search the landfill even after offering them £ 55 million ($ 76 million).
Newport City Council stated: “The cost of digging the landfill, storing and treating the waste could run into millions of pounds with no guarantee that it will either be found or still in good working order.” Excavations are not possible within the scope of our permit and the excavation itself would have an enormous environmental impact on the environment ”.
At the time of writing, 7,500 bitcoins are valued at approximately $ 246 million, according to data from Bitcoin.com Markets.
Do you think James Howells will get his bitcoins back? Let us know in the comment section below.
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