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Bitcoin Dumpster Guy Has Plan to Rescue Bitcoin From a Landfill

July 25, 2022
in News
Reading Time: 9 mins read

Bulldozers push large piles of garbage onto landfill hills.

Photo: Peter McDearmid (((Getty Images)

You have to give it to some people to be impulsive in the face of unusual odds. Imagine you’re literally looking for a hard drive in a pile of garbage. Well, it was the goal of one British for almost a decade after he accidentally lost the chance to become a millionaire in the early cryptocurrencies by chucking the wrong disk drive into the bin.

But now he has a new plan, which includes … (check notes …) robot dogs. Yes, I regain a sense of compassion for his plight.

Former IT worker James Howells, who may have been a millionaire at the forefront of the crypto boom, is desperate to hunt for a British landfill in Newport, Wales. A wallet containing 8,000 Bitcoins. At the time of writing, it is worth nearly $ 176 million.Howells he said I accidentally dumped the wrong hard drive It dates back to 2013.

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Although the price of the code remains Proverbial garbage containerThis data cache represents millions of dollars that no one can access the wallet without the required passcode and simply stays on the blockchain. It’s a long way, and he hasn’t given up on his quest to save millions of missing people.The only problem is the hard drive You literally have to dig a pile of garbage..

and interview Business Insider Released SundayHowell said there is an absolute plan to save Bitcoin from a real pile of garbage. He puts together a $ 11 million business plan that will be used to engage investors and the Newport City Council to help excavate landfills. His plan required digging 110,000 tonnes of garbage in three years. The $ 6 million version of the plan will take over 18 months. A video Sponsored by Top gear Alum’s Richard Hammond said Bitcoin “proposers” would already secure funding from euro-based venture capitalists Hans Peter Yarberg and Karl Wendeborn if Howells could get local approval. He said he was doing it.

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The landfill that James Howell wants to excavate to find his missing hard drive.

The landfill that James Howell wants to excavate to find his missing hard drive.
Screenshot: Google Maps

The garbage would be sorted at a separate pop-up facility near the landfill using human pickers and an AI system used to spot that hard drive amidst all that other refuse. Hes even brought on eight experts in artificial intelligence, excavation, waste management, and data extraction, all to find a lone hard drive in a trash pile.

The plan also involves making use of the Boston Dynamics Robot Dog.. A former IT worker told reporters that the machine could be used as a security camera or CCTV camera to look for a hard drive and scan the ground. The price of each “spot” robot model was $ 74,500 when they were released. Even with that price tag, Howells said he already had two names. Insiders reportedly named one Satoshi named after Satoshi Nakamoto, the person or group behind the white paper that first proposed Bitcoin in 2008. Not that HAL But Hal Finney, the first person to receive a Bitcoin transaction.

So if it sounds like he’s already drinking cryptocurrency Kool-Aid, you’re not alone.He describes himself LinkedIn As a project manager working in crypto and blockchain technology. Insiders reported that Howells said he was making money by buying and selling Bitcoin.

The city council has not wanted to have anything to do with Howells since Howells first came to them in plight. Howells has reportedly contacted the Welsh city government since 2014, claiming that the case may have been damaged, but the internal disk should still be viable. He even promised to give the city government 25% of crypto revenue if they rooted him in a pile of trash, but the council could cost millions to dig a heap. Needless to say, there is an environmental impact on the surrounding area. A local government spokesperson said insider Howells could not offer or say “nothing” to cite ecological risks and persuade them to follow the plan.

And it’s easy to see why. Ground and satellite images show that the landfill is covered with soil and grass. US EPA Landfill landfill It has been done before, but it can release greenhouse gases such as methane and excavate hazardous materials. The local government has given Howells little time in the last nine years, but a former IT worker said he hoped the new proposal would justify his idea. If the council said no, Howells again told reporters to take the government to court.

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