Recently, a British software engineer plans to use mechanical tools to mine Bitcoin in a landfill, and has received capital injection from venture capital firms.
James Howells, a British software engineer, said that he mined 8,000 Bitcoins when Bitcoin first came out in 2009, but in 2013 he accidentally dumped the backup hard drive where Bitcoins were placed as garbage. Currently, the market cap of 8,000 Bitcoins is close to $200 million.
In order to retrieve Bitcoin, Howells decided to implement a mining plan, trying to search for hard disks with AI, mechanical dogs, etc. in the Newport junkyard where hard disks may be buried. Howells expects the entire mining project to involve an estimated cost of $11 million, and has secured increased funding from two Swiss and German venture capital firms. If successfully recovered, Howells and the investment company will receive 30% of the $200 million, while the remaining 40% will be distributed to local residents at the dump.
Howells has also successfully invited experts who have unlocked the black box of the Columbia shuttle to repair the hard disk data recovered in the future.
Howells will submit a more complete mining plan and environmental protection plan to the local council. It is expected to formally submit an application in August, hoping to start construction before the end of this year. It is estimated that the entire search plan will take three years.
materialsource:businessinsider
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