Man hunting for $1.2 billion Bitcoin fortune wants to buy rubbish tip
Share and Follow

A Welsh computer engineer who lost £620m ($1.2 billion) worth of the cryptocurrency Bitcoin is seeking to buy an entire landfill site where he thinks it was dumped.

James Howells claimed his former girlfriend in 2013 mistakenly threw out a hard drive filled with 8000 Bitcoins.

After he unsuccessfully attempted to sue Newport County Council in the UK High Court last year to gain access to the site, or get £495 million compensation, he has now expressed interest in purchasing the tip, the BBC reports.

Somewhere in this landfill site in South Wales is $1.2 billion worth of Bitcoin. (Wikimedia Commons)

The council is planning to close the landfill site by mid-next year to make way for a solar farm on the land.

Howells said: “The council planning on closing the landfill so soon is quite a surprise, especially since it claimed at the High Court that closing the landfill to allow me to search would have a huge detrimental impact on the people of Newport, whilst at the same time they were planning to close the landfill anyway.”

Attempting to find a single object taken there more than a decade ago would seem like a mammoth task, given there are 1.4 million tonnes of waste there.

Howells thinks the hard drive is in an area of 100,000 tonnes.

“I would be potentially interested in purchasing the landfill site,” he said.

Gold-plated souvenir Bitcoin coins are arranged for a photograph in London in November 2017. Bitcoin hit a new record above $80,000 on November 10.
Bitcoin is the largest and oldest cryptocurrency. (Nine)

Howells said he had discussed the move with investment partners and it is “very much on the table”.

He also wants to appeal against the judge’s decision to dismiss his case against the council.

Australia’s shock placing in online gambling revenue ranks

Cryptocurrency has been around for a while now.

But, chances are, you’ve heard about it more and more over the last few years.

In basic terms, cryptocurrency is digital money.

This kind of currency is designed to work through an online network without a central authority — meaning it’s typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain.

Bitcoin is the largest and oldest cryptocurrency, although other assets like Ethereum, Tether and Dogecoin have also gained popularity over the years.

Some investors see cryptocurrency as a “digital alternative” to traditional money, but the large majority of daily financial transactions are still conducted using fiat currencies such as the dollar.

Also, Bitcoin can be very volatile, with its price reliant on larger market conditions.

– With Associated Press

Share and Follow
You May Also Like
Chris, owner of Barry's Burgers in Adelaide

Why Savvy Restaurant Owners Jumped Ship from Menulog Long Before Its Unexpected Closure

Exclusive Insight: In the wake of Menulog ceasing operations in Australia, many…

Top Ukrainian Officials Step Down Amid Corruption Allegations

Ukraine’s energy and justice ministers resigned on Wednesday, the government said, over…

Australians Reveal Suspicious Tax Practices to the ATO

Australians made almost 50,000 tip-offs about tax evasion in the 2024-2025 financial…
Watchdog flags safety concerns for children over pesticide sprayed on berries

Watchdog Highlights Urgent Child Safety Concerns Over Pesticide Use on Berries

Australia’s pesticide authority has raised new health concerns regarding a chemical used…
Vyleen White, 70, was attacked near her car in an underground car park at Town Square Redbank Plains shopping centre in Ipswich, south-west of Brisbane.

Teen Sentenced to 16 Years for the Murder of Grandmother Vyleen White

A teenager who didn’t hesitate before fatally stabbing a grandmother in front…
Local community mourns family torn apart in Victorian crash

Heartbreaking Victorian Crash: Local Community Grieves Family Tragedy

A tragic accident claimed the lives of Sapana Neupane, 31, her husband…

New Research Unveils Growing Gap in Cancer Survival Rates

Cancer patients in disadvantaged areas are dying at higher rates than those…
Jeffrey Epstein and Donald Trump

Revealed: Emails Uncover Trump and Epstein Connection

The “Donald” he spoke of was at that time in 2018, as…