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7,500 bitcoin dumpers come up with a new plan to get them back

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James Howells, a British engineer who accidentally threw away the hard drive of an old 7,500 bitcoin computer in 2013, continues to believe he can get it back. A 35-year-old man told The Sun about his 12-month plan to search a city dump using X-ray scanning devices and artificial intelligence technologies.

We have a system with multiple conveyor belts, X-ray scanners and an artificial intelligence scanner that can be trained to recognize objects the size and density of a hard drive. This will be a delicate search because we would not want to damage the hard drive in the process. We spoke with experts to make sure everything is done correctly and in an environmentally friendly manner.

James Howells

Howells added that over the past months, he “spoke with some of the world’s best data recovery experts to ensure that hard drive data can be recovered.” The expensive search is backed by a large hedge fund that will cover the costs in exchange for most of the bitcoins they can find.

Howells believes that his hard drive is located in an area of ​​200 m22 at a depth of 15 meters. Based on this estimate, he says that between 300,000 and 400,000 tons of garbage will have to be sorted out.

At the moment, 7,500 bitcoins are worth about $ 250 million, but Newport City Council has not yet given permission to “excavate” the landfill, even after receiving an offer of $ 76 million. The authorities say “excavation is not possible under our license and the excavation will have a huge impact on the environment.”

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