James Howell, Who Threw Away $450 Million in Bitcoin, Hires NASA Expert to Find It
The drive contained 7,500 Bitcoin, at a time when Bitcoin’s value wasn’t sky-high as it is today. Howell had forgotten about the units on the device, storing the drive in a drawer after he spilled lemonade on it. He remembered within days. At the time, the Bitcoin was worth thousands; today, the same 7,500 units are estimated at $450 million.
Since 2013, Howell has been trying to convince Newport council to let him excavate and search through the local landfill, in an attempt to locate the drive. His request has been repeatedly denied on several grounds, with the most important being that the operation would cost millions and he wouldn’t be able to pay for it if the drive wasn’t found or was no longer working.
Howell has now retained the services of a “NASA expert” in yet another attempt to try and locate the device. That expert is Ontrack, the same data recovery specialist company that recovered the charred hard drive on the Columbia space shuttle that crashed to Earth in 2003, North Wales Live reports. Ontrack “believes there is an 80- 90% chance James’ huge Bitcoin fortune can be recovered – if the hard drive hasn’t cracked.”
Moreover, Howell says he has determined the approximate location of the drive in the landfill: a 200 square-meter (2,153 square-foot) area, 15 meters (49 feet) deep under the garbage. The salvage operation could still take 9 to 12 months to complete, assuming the council grants him permission to go around rummaging.
That’s a big “if” there. Aside from the estimated cost of the operation, there’s also an environmental risk to consider. “Excavation is not possible under our licensing permit and excavation itself would have a huge environmental impact on the surrounding area,” the Newport council says in a statement. “We have, therefore, been clear that we cannot assist him in this matter.”
Words colder than a pile of cash.