Welshman is looking for discarded hard drive with 180 million euros in bitcoins
James Howells accidentally threw away one of his hard drives in 2013. This contains approximately 8,000 bitcoin, the combined value of which currently stands at 180 million euros. Now the 37-year-old Welshman wants to spend 11 million euros to find his hard drive.
According to Howells, the hard drive is in a dump near his hometown of Newport. The man has already asked the municipality several times for access to the rubbish dump so that he could excavate it himself. However, the municipality refused, because the excavation would entail too many ecological risks, such as the escape of harmful gases.
Still, the Welshman did not give up. Howells has now collected 11 million euros through investors to find the drive. That money is spent on ‘experts who can excavate the rubbish dump in an efficient and environmentally friendly way’. The investors will make the 11 million euros available once Howells has received the green light from the municipality of Newport.
If the drive is found, the Welshman and investors want to invest 10 percent of Bitcoin on the hard drive to turn Newport into a “crypto hub.” “We have a whole list of good things we want to do for the community,” says Howells against the BBC. “One of the things we’d like to do at the landfill, once we’ve cleaned it up and made room for it, is put in a power plant and possibly a few wind turbines. In addition, we want to set up a crypto mining company that uses renewable energy to mine bitcoin. mines for the people of Newport.”
Howells also wants to give every resident of the city the equivalent of 60 euros in bitcoin and install cash registers in all stores where crypto currency can be paid.
However, the Newport City Council does not accept the man’s offer. “We have legal duties to perform in managing the landfill,” a spokesman told the BBC. “Part of that is considering the environmental risk to the landfill and the wider environment. Mr Howells’ proposals involve significant risks that we cannot accept or consider.”