Welsh IT worker James Howells even has investors willing to finance the search in return for a slice of the crypto-currency. Man threw out the laptop, which had 7,500 Bitcoin units on the hard drive, four years ago and has been fighting to get a permit from Newport Council to search for it. The council have told him repeatedly he will not be able to search its rubbish dump despite him offering them 10% of the money. He told Walesonline: ‘How can they leave $100 million in the ground when making cuts to services left right and centre?
‘My investors have even offered to put a sum of money into a bank ‘bond’ just in case we mess it up, the council can access this money to fix it properly themselves. ‘I’ve also told them i would adhere to all safety standards when digging and also put the site back to its original condition when finished.’ The council disputes his theory about locating the device from estimating the depth of the rubbish from the date it was buried.
A spokesperson for Newport City Council said: ‘The cost of digging up the landfill, storing and treating the waste could run into millions of pounds – without any guarantee of either finding the hardware or it still being in working order. ‘The council has told the individual concerned on several occasions that excavation is not possible under our licencing permit, added to the fact excavation itself would have a huge environmental impact on the surrounding area. ‘The landfill section of HWRC (Household Waste Recycling Centre) is not accessible to the public as it is a permitted facility with conditions that include security and prevention of illegal access to the facility regulated by NRW (National Resources Wales), therefore any potential treasure hunters could not access the site and would be committing a criminal offence.’ The council also said the landfill site contains around 350,000 tonnes of waste with an annual input of 50,000 tonnes.
Read more: http://metro.co.uk/2017/12/09/man-threw-...to=cbshare
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What a nightmare for this man haha.
‘My investors have even offered to put a sum of money into a bank ‘bond’ just in case we mess it up, the council can access this money to fix it properly themselves. ‘I’ve also told them i would adhere to all safety standards when digging and also put the site back to its original condition when finished.’ The council disputes his theory about locating the device from estimating the depth of the rubbish from the date it was buried.
A spokesperson for Newport City Council said: ‘The cost of digging up the landfill, storing and treating the waste could run into millions of pounds – without any guarantee of either finding the hardware or it still being in working order. ‘The council has told the individual concerned on several occasions that excavation is not possible under our licencing permit, added to the fact excavation itself would have a huge environmental impact on the surrounding area. ‘The landfill section of HWRC (Household Waste Recycling Centre) is not accessible to the public as it is a permitted facility with conditions that include security and prevention of illegal access to the facility regulated by NRW (National Resources Wales), therefore any potential treasure hunters could not access the site and would be committing a criminal offence.’ The council also said the landfill site contains around 350,000 tonnes of waste with an annual input of 50,000 tonnes.
Read more: http://metro.co.uk/2017/12/09/man-threw-...to=cbshare
Twitter: https://twitter.com/MetroUK | Facebook: https://www.facebook.com/MetroUK/
What a nightmare for this man haha.