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Man Searches Through Landfill For 8 Years For $350 Million Lost Bitcoin Wallet
https://www.iflscience.com ^ | DECEMBER 16, 2021 | Jack Dunhill

Posted on 12/21/2021 12:49:51 PM PST by Red Badger

Whilst doing some Spring cleaning back in 2013, a man threw his old PC hard drive into the trash, which quickly joined the mountain of rubbish at his local landfill site in Newport, Wales, UK. Little did he know at the time, that same hard drive contained a wallet filled with 7,500 Bitcoin, worth a cool £500,000 ($665,000) in the early crypto days. Now? That wallet is worth $357 million.

Once he realized, the man began a desperate search for the hard drive and has been searching ever since. Over the past eight years, James Howells has been crawling through mounds of rubbish in the hunt for his $350 million needle in a haystack – a haystack the size of a football pitch.

video at link...............

"I had a word with one of the guys down there, explained the situation. And he actually took me out in his truck to where the landfill site is, the current ditch they're working on. It's about the size of a football field, and he said something from three or four months ago would be about three or four feet down,” said Howells in an interview with the Guardian back in 2013.

"I'm at the point where it's either laugh about it or cry about it. Why aren't I out there with a shovel now? I think I'm just resigned to never being able to find it."

After that conversation, Howells all but resigned to the fact his fortune would never be claimed. But soon after, he began a search himself and still believes there is hope that the drive is both reachable and readable in its likely deteriorated state. In a last-ditch effort, he has now recruited residents of his local town to join the hunt, with the promise of millions if the search succeeds.

The odds are certainly stacked against him, made worse by the Newport council’s refusal for any volunteers to enter the site. Citing the ecological damage trawling through buried rubbish would cause, a lack of a permit to search the rubbish, and the sheer uncertainty that the hard drive even lays there, the council will not allow anyone to search the mounds, CNBC reports.

Sadly, if Howells can’t find the drive, the Bitcoin is lost forever.

Like most crypto, Bitcoin is untraceable and you couldn’t back-up your wallet in the early days of mining. This has led to unfortunate scenarios where people lose the physical drive the crypto is on, like Howells, or forget their password – such as the man who has just a few guesses left before he is locked out of a $240 million Bitcoin fortune.


TOPICS: Business/Economy; Computers/Internet; History; Outdoors
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1 posted on 12/21/2021 12:49:51 PM PST by Red Badger
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To: Swordmaker; dayglored; bitt; CodeMonkey; CodeJockey; ShadowAce

PING!..................


2 posted on 12/21/2021 12:50:36 PM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Dumpster Diving SAD!


3 posted on 12/21/2021 12:51:39 PM PST by Candor7 ((Obama Fascism:http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: Red Badger

Around here, you are not allowed to dig in the landfill.
Of course, we had a woman ran over by a trash compactor years ago.


4 posted on 12/21/2021 12:53:01 PM PST by caver
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To: Red Badger

Does he still remember the password?


5 posted on 12/21/2021 12:54:35 PM PST by PGR88
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To: PGR88

Someone silly enough to toss a harddrive without destroying it would use “password” for a password.


6 posted on 12/21/2021 12:57:05 PM PST by decal (MOLON JABE)
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To: Red Badger

I know a geek who put some important data into a coffee table he built.

It was made of wood but on the top were hundreds of brand new shiny pennies that he covered using some kind of clear resin.

The data was stored as a bit pattern with heads up = 1, tails up = 0.

It was a pw...


7 posted on 12/21/2021 12:57:08 PM PST by Bobalu (Figure out what you like, learn enough to be dangerous, and then start fiddling around)
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To: PGR88

8 posted on 12/21/2021 12:57:19 PM PST by nascarnation (Let's Go Brandon!)
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To: PGR88

“Does he still remember the password?”

I’ll go out on a limb here. It’s “abc123.”


9 posted on 12/21/2021 12:58:51 PM PST by ProtectOurFreedom (81 million votes...and NOT ONE "Build Back Better" hat)
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To: Red Badger

I think I’d pay a construction crew with an excavator $10 million to find it.


10 posted on 12/21/2021 1:02:00 PM PST by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: PGR88

Yep, all he needed to do was write down the 12 or 16 words on a piece of paper.


11 posted on 12/21/2021 1:02:12 PM PST by Pollard (PureBlood -- youtube.com/watch?v=VXm0fkDituE)
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To: Red Badger

Sorry,my sympathy meter is stuck at zero.


12 posted on 12/21/2021 1:02:51 PM PST by Gay State Conservative (Covid Is All About Mail In Balloting)
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To: Gay State Conservative

“Sorry,my sympathy meter is stuck at zero.”

yeah ... maybe even below zero.


13 posted on 12/21/2021 1:12:21 PM PST by plain talk
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To: Red Badger

Electronics degrades pretty fast in a landfill. He might find a corroded blob with empty plastic connector shells.


14 posted on 12/21/2021 1:12:48 PM PST by GingisK
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To: Red Badger

Gollum


15 posted on 12/21/2021 1:13:20 PM PST by freedomjusticeruleoflaw (Strange that a man with his wealth would have to resort to prostitution.)
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To: GingisK

Interesting. I thought stuff buried below XX feet didn’t degrade very much due to lack of of oxygen?


16 posted on 12/21/2021 1:14:09 PM PST by nascarnation (Let's Go Brandon!)
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To: Red Badger

That is a sad story. I hope he finds his $357 million amidst all that trash in the landfill.


17 posted on 12/21/2021 1:17:00 PM PST by SamAdams76 (I am 67 days away from outliving John Hughes)
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To: Red Badger

Landfill Lounger looking for the lost. Gone for good.


18 posted on 12/21/2021 1:19:00 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: aMorePerfectUnion

Ping!


19 posted on 12/21/2021 1:19:34 PM PST by V K Lee (Our CONSTITUTION. Written with DIVINE assistence by very wise men. A document unlike any other.)
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To: Red Badger
Let the treasure hunt commence!


20 posted on 12/21/2021 1:19:38 PM PST by NohSpinZone (First thing we do, let's kill all the lawyers)
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