Bitcoins worth millions lost in landfill locations

bitcoins worth millions lost in landfill locations

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PARAGRAPHNewport, a seaside city in Wales, is famous for its if he were to find them, it continues to refuse a billion dollars worth of Bitcoin buried in its local landfill provide services to our residents" - something it said Howell's plan would get in the.

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Bitcoins worth millions lost in landfill locations She said: "The council has told Mr Howells on a number of occasions that excavation is not possible under our licencing permit and excavation itself would have a huge environmental impact on the surrounding area. Isobel Asher Hamilton. In a statement sent to CNN, the spokeswoman said the council had not refused the offer -- but rather, was not permitted to excavate the site. Former IT worker James Howell mined the cryptocurrency back in , well before its value skyrocketed. Email address. He needs permission from his local council to search a garbage dump he believes contains the lost hardware. Bitcoin Cryptocurrency.
Cheapest cryptocurrency with most potential Isobel Asher Hamilton. Read more: Bitcoin bubble could burst, warns expert. Since then, he's been lobbying the local government to allow him to excavate tons of trash in the landfill as part of an attempt to find it. The council has consistently denied Howells access to the landfill since , and his chances still look slim. James Howells discarded the hardware from an old laptop containing 8, bitcoins in during an office clearout and now believes it is sitting in a rubbish dump in Newport, south Wales.
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The proposed lawsuit aims to secure ? million ($ million) in damages, a value that matches the highest recorded price of his lost bitcoin. Missing: hard drive containing Bitcoins worth ?4m in Newport landfill site. Buried somewhere under four feet of mud and rubbish, in the. James Howells lost a hard drive containing bitcoins in , but he's still holding out hope of finding it one day.
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  • bitcoins worth millions lost in landfill locations
    account_circle Dugore
    calendar_month 13.06.2020
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    calendar_month 16.06.2020
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    calendar_month 20.06.2020
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An alternative, more modest plan, involves searching only the specific part of the landfill where the drive is believed to be located, and will take 18 months. Howells said machines would dig up the garbage, which would then be sorted at a pop-up facility near the landfill. A spokesperson for the council told CNBC it had been "contacted a number of times since about the possibility of retrieving a piece of IT hardware said to contain bitcoins," the first being "several months" after Howells first realized the drive had gone missing.