Business News

In 2013, this man by chance threw his laborious drive within the trash, it had 7,500 bitcoins and is now providing $ 72 million in the event that they let him search for it

His offer is a quarter of the value of the amount he unintentionally dumped in 2013.

Entrepreneur New Years Leader

Get inspiration from the business resources in our guide and help you meet your goals in 2021.

January
15, 2021

3 min read

This article has been translated from our Spanish edition using AI technologies. Errors can occur due to this process.

A resident of the UK town of Newport has reached out to local authorities to conduct an important search for a hard drive that he accidentally dumped in a municipal landfill in 2013. The device had bitcoins, the current value of which would be roughly £ 210 million, which averages $ 288 million.

How did this tragic situation happen?

Computer engineer James Howells, 35, cleaned his home in 2013. He later found that he had thrown his hard drive containing 7,500 bitcoins in the trash instead of another one that was empty.

After his previous motion is denied, Howells makes the council an offer of 25 percent, or $ 72 million, should he make up for his losses.

"I would like to have the opportunity to sit down with decision-makers and present them with a plan of action," Howells told South Wales Argus, saying that he is backed by a hedge fund that is ready to fund the initiative.

What strategy would the programmer use to restore his hard drive?

The computer scientist assures that in 2013 a garbage container was given a serial number when it was filled, before it was brought into a grave and buried. A grid reference was also required.

"So I could access the landfill log, identify the week in which I unloaded the hard drive, identify the serial number of the container and then identify the landmark of the network," the developer said, according to the source.

Despite eight years since the incident, Howells remains optimistic about restoring the information in the device. "The box might be rusty, but it is possible that the hard drive on which the data is stored is still working," said the engineer.

It's worth noting that this possibility diminishes over time, according to the programmer who suggested that if his search were successful, the funds in the form of help would be transferred to patients with coronavirus in his city.

However, Newport City Council has indicated that digging, storing and treating all waste could cost millions of pounds, and there is no solid guarantee that the hard drive will be found or continue to work.

Likewise, the establishment emphasizes that in the event of an extraction, the activity is impossible due to the requirements of the current licenses and that the implementation of this action could lead to serious and negative environmental impact of the place, for the same reasons that they do not guarantee support .

If you are interested: "React without risk", the new plan from CDMX

Related Articles