#UK court halts treasure hunt plan#

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A UK court has rejected IT engineer James Howells' application to search a landfill for a hard drive containing $735 million worth of Bitcoin, citing excessive environmental risks. Howells accidentally discarded the hard drive in 2013, which contained Bitcoin he mined in 2009 for just a few cents. Newport City Council has consistently refused to allow access to the landfill for digging, and the judge ruled that the case had "no realistic prospect of success" at trial.

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A UK court has rejected IT engineer James Howells' application to search a Newport landfill for a hard drive containing $735 million worth of Bitcoin, citing environmental risks. Howells accidentally discarded the hard drive containing the Bitcoin in 2013, which cost only a few cents to mine in 2009. Despite Howells presenting a detailed plan involving robots and drones to search the landfill, the judge ruled that the case had "no realistic prospect of success" at trial. Newport City Council has consistently refused access to the landfill, fearing that excavation would cause irreversible environmental damage. Judge Keyser KC found that Howells' plan posed significant risks, including environmental pollution, threats to the health of local residents, and damage to the landfill's structure. As a result, the court ultimately dismissed Howells' application, concluding that the plan to retrieve the Bitcoin was not worth the risks involved.

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The plan to mine Bitcoin poses significant environmental risks, potentially causing irreversible damage to landfills.

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The court dismissed the application, finding that the case had “no realistic prospect of success” at trial.

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Newport City Council has consistently refused to allow access to the landfill for mining, citing the significant costs and risks involved.

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Despite the substantial value of Bitcoin, the costs and risks associated with mining far outweigh the potential rewards.

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