The guy who accidentally threw away $700 million in Bitcoin wants to buy a landfill to find it

James Howells, a British IT worker, mined over 7,500 Bitcoins back in 2009, when they were worth next to nothing. Now a single Bitcoin is worth nearly $100,000, valuing his stash at well over $700 million. Unfortunately, Howells accidentally threw the hard drive he stored the key on in the trash. He has a scheme to get that money back, according to The Guardian. He wants to buy the landfill where it could be buried and dig it up.

Howells doesn’t exactly know where the hard drive is, but has a solid guess based on when he tossed it in the trash. He has it narrowed down to a particular section of a South Wales landfill that houses 15,000 metric tons of waste. The landfill is approaching maximum capacity, so Howells wants to buy it off the city. Officials have warned that the hard drive is “buried under 25,000 cubic meters of waste and earth” as it has been there for almost 12 years.

While the city hasn’t made a final decision, it doesn’t look good for Howells and his “needle in a haystack” plan. There are serious ecological dangers to haphazardly digging up a landfill. The excavation process would be risky and costly. Afterward, the landfill would have to be resealed, another expensive project. The city also has plans to build a solar farm on part of the land.

Finally, there’s the hard drive itself. Would there be anything recoverable after laying underneath tons and tons of trash for 12 years? It seems highly unlikely, though Howells and his investors must have some serious data retrieval specialists standing by.

This is just the latest attempt by Howells to treat the landfill like an archaeological dig site, looking for his lost fortune. He’s been at this for over a decade. In 2017, he pleaded with the city to allow him to dig and officials said no, citing safety concerns and a fear of inciting treasure hunters to descend upon the landfill with shovels.

In 2021, he tried to sweeten the pot by offering the city 25 percent of the recovered Bitcoin. Once again, the city said no. In 2022, Howells came up with a particularly bizarre scheme that involved sending in Boston Dynamics robot dogs to do the digging. You can imagine what the city said to that one (it was no.)

There was another attempt to turn the landfill into a mining facility, which didn’t gain traction. Finally, Howells decided to sue the city of Newport for the right to go traipsing around in the landfill like a really gross, poop-encrusted Indiana Jones. A judge put the kibosh on the lawsuit, ruling that the case had “no realistic prospect of succeeding.”

So that’s where we are now. Howells and his investors are trying to buy the landfill as the city mulls it over. We’ll update this post when we get some closure on this particularly bizarre story about one man’s quest for wealth. In other news, this is totally going to become a limited series on Peacock or something, right?

This article originally appeared on Engadget at https://www.engadget.com/general/the-guy-who-accidentally-threw-away-700-million-in-bitcoin-wants-to-buy-a-landfill-to-find-it-165314378.html?src=rss https://www.engadget.com/general/the-guy-who-accidentally-threw-away-700-million-in-bitcoin-wants-to-buy-a-landfill-to-find-it-165314378.html?src=rss