Lost Bitcoin Hard Drive Worth $768M Gets Buried Forever
February 12, 2025 at 7:14 PMby The Block Whisperer
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James Howells' battle to recover 8,000 lost Bitcoins from a Newport landfill was dismissed by courts. The coins' value is now $768M. Environmental, legal issues halted recovery.
James Howells has been fighting a losing battle with his local council in Newport, Wales, trying to dig up a hard drive he accidentally threw out back in 2013.
This isn’t any old hard drive – the device contains 8,000 Bitcoins, now valued at $768 million.
Howells fought tirelessly to recover the device from the local landfill, but the legal system and environmental obstacles have thwarted his efforts.
Another significant issue is the landfill itself – it's officially closing up shop in 2025-26.
Despite coming through with some intriguing plans involving AI-powered tech and robot search teams, the council didn’t budge.
January 2024 was the final blow when courts dismissed his lawsuit, stating he had ‘no realistic prospect’ of success. Ouch.
The judge ruled that too much time had passed since the hard drive was lost and that the council had no obligation to grant Howells access to the landfill.
That says nothing about the fact that this thing could be rusted to the point of no return by now.
The council had the environment in mind when coming to a decision.
Any digging would be a cause for concern – this isn’t Minecraft and all that trash has to go somewhere.
The council also argued that the hard drive became their property once it entered the landfill.
Despite these concerns, The Newport City Council has permission to build a solar farm on the property.
Howells even offered 25% of the recovered Bitcoins to the Newport City Council and pledges to distribute funds among the local citizens.
He’s gone so far as to have assembled his own team of specialists via private funding for the excavation process, ensuring taxpayers would not be burdened.
Concerns of cost, environmental risk, and legal complications unfortunately overshadowed these heartfelt efforts.
This 8k BTC is just a drop in a massive ocean of lost coins.
Three million BTC are allegedly gone – over 13% of the overall supply.
These lost coins contribute significantly to Bitcoin’s deflation and its value as a digital asset.
Tether CEO Paolo Ardoino stated that quantum computing is the potential key to unlocking these lost Bitcoin wallets… although we’re a bit far off from that Star Trek future at the time of writing this article.
However, such technological advancements like this could pose security concerns to Bitcoin itself, so it’s a double edged sword.
As this landfill transforms into a solar farm, one of crypto's wildest stories gets sealed forever in the annals of history.
The story of Howells serves as a cautionary tale of taking security seriously.
If there is one thing to take away from this, it's always check your hardware wallet seed phrases before you toss them in the bin.
Who knows – maybe Howells can strike a deal to use that Solar energy to mine some new Bitcoin.
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