Earlier this year, Bitcoin experienced a historic boom. Previously, people who cashed in this digital currency kept rubbing their hands. At the same time, James Howells, a Welsh computer engineer, searches for his lost hard drive in the trash which could earn him Rs 20 billion. In fact, this hard dive had a cryptographic “private key” store. Welsh had 7,500 bitcoins and this “key” is important to cash them out.
The hard drive was thrown in the trash
Welsh told CNBC he accidentally threw the reader in the trash in 2013. He has since asked Newport City Council to locate it so he can obtain this code. However, the administration does not allow it citing the environmental and economic burden. There is also no guarantee that the reader will now work. However, Bowles did not give up hope. They believe that even if the drive is damaged from the outside, data recovery experts can extract data from it.
Agents don’t listen
Howells also proposed to the administration that if he got any money from the campaign, he would donate 25% of the share to the city’s Covid-Relief Fund. However, the authorities are not ready to listen to him. He said the administration refused directly without hearing the plan. On January 8, the price of bitcoin hit around $ 42,000. However, later it also saw a sharp decline. In such a situation, those who view cryptocurrencies with suspicion argue that bitcoin can never become a viable alternative to currency.
Newport City Council also confirmed Howells had appealed to authorities on several occasions since 2013, but said it would have a huge environmental impact. Authorities say digging, storing and treating landfills can be costly. This can negatively impact the surrounding area and there is no guarantee that the drive will be found or be in working condition.