Treasure in the trash! James Howells fights for 8000 bitcoins in Newport

Treasure in the trash! James Howells fights for 8000 bitcoins in Newport

Newport, Großbritannien - James Howells, a Brit from Newport, has been fighting for many years to find a lost hard drive with 8,000 bitcoins. The hard drive, which has an estimated assets of around $ 746 million (approx. 715.5 million euros), is suspected at a local landfill that he has no access. As FOCUS Searching landfill, recently rejected by a court that established the decision with environmental reasons and high costs.

More than ten years ago, Howells accidentally disposed of the hard drive when the Bitcoin value was just over a million euros. This decision turned out to be serious, because the Bitcoin market is now shaped by high demand, with forecasts that the price could increase to over $ 200,000 by the end of 2025. Nevertheless, Howell remains optimistic and plans to proceed against the judicial judgment in order to either receive access to the landfill or to obtain compensation of around 588 million euros.

The legal struggle

The High Court rejected his lawsuit, which was supposed to give access to the landfill. Judge Andrew Keyser justified the decision with the long period of time since the hard drive was disposed of, which was now over ten years ago. Howells still sees itself as the owner of the bitcoins and has already made several offers to offer the city part of the value if he can find the hard drive. btc-echo is ready to pay up to 25 percent of the value of the bitcoins as a compensation, but his discussions have been discussed so far with the decision-makers rejected.

In October 2023, he filed a lawsuit against the city administration, the value of which amounts to around 600 million euros. As the Futurezone emphasizes when it is decided to refuse access to the landfill because every excavation negative Could have an impact on the environment.

technological support for the search

Howells, including the former head of the landfill, lawyers and data forensics in order to narrow down the potential location of the hard drive. He plans to search the 110,000 tons of garbage with human sorters, robotics and AI technologies. The excavation work, if they are approved, could take between 18 and 36 months, followed by another year to renaturalize the landfill.

estimates by experts emphasize that the chance of saving the bitcoins is 80 percent if the hard drive is found. Despite the challenges, Howells nevertheless remains optimistic and undeterred his goal of recovering the valuable hard drive. With the support of venture capital, he has already secured a financing for his ambitious project and remains determined to defend himself against the decision of the courts.