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Fast take:
His ex-girlfriend reportedly unintentionally discarded the drive in 2013 containing 8,000 bitcoin.
On the time, Bitcoin traded between $50 and $246, implying a complete worth of about $400,000 to simply underneath $2 million.
Final yr, Howell tried to sue the town council for entry to the positioning or compensation of GBP 495 million ($646 million).
James Howell, a pc engineer primarily based within the U.Okay., has taken his ‘Bitcoin treasure’ hunt to an entire new stage. On Monday, stories emerged that he now needs to purchase the dump web site the place he believes the arduous drive containing 8,000 Bitcoin (roughly $784 million in worth) remains to be buried.
Based on Howell, his ex-girlfriend unintentionally threw away the drive with the trash in 2013. On the time, Bitcoin traded between $50 and $246, implying a complete worth of about $400,000 to simply underneath $2 million.
The report comes months after Howell failed in a lawsuit in opposition to the council, which sought entry to the positioning or compensation of GBP 495 million ($646 million).
Based on the report by the BBC, Howell’s effort to get entry to the positioning situated at Newport’s Docks Manner by way of a lawsuit was dismissed by a Decide and the council is now planning to shut the positioning within the 2025/26 monetary yr. The report additionally stated that the positioning is deliberate for photo voltaic plant improvement to energy the council’s new bin lorries.
Commenting on the matter, Mr Howells stated: “The council planning on closing the landfill so quickly is sort of a shock, particularly because it claimed on the Excessive Courtroom that closing the landfill to permit me to go looking would have an enormous detrimental affect on the folks of Newport, while on the identical time they have been planning to shut the landfill anyway.”
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