crypto mining

man-offers-to-buy-city-dump-in-last-ditch-effort-to-recover-$800m-in-bitcoins

Man offers to buy city dump in last-ditch effort to recover $800M in bitcoins

Howells told The Times that he envisions cleaning up the site and turning it into a park, but the council’s analysis seems to suggest that wouldn’t be a suitable use. Additionally, the council noted that there aren’t viable alternative sites for the solar farm, which, therefore, must be built on the landfill site or else potentially set back the city’s climate goals.

If Howells can’t turn the landfill into a park, he suggested that he could simply clear it out so that it can be used as a landfill again.

But the Newport council does not appear to be entertaining his offer, the same way the council seemingly easily rejected his prior offer to share his bitcoin profits if granted access to dig up the landfill. When asked about Howells’ most recent offer, a council spokesperson directed The Times to a 2023 statement holding strong to the city’s claims that Howells gave up ownership of the bitcoins the moment the hard drive hit the landfill and his plans for excavation would come at “a prohibitively high cost.”

“We have been very clear and consistent in our responses that we cannot assist Mr. Howells in this matter,” the spokesperson said. “Our position has not changed.”

Howells insists his plan is “logical”

But Howells told The Guardian that it was “quite a surprise” to learn the city planned to close the landfill, reportedly in the 2025–26 financial year. This wasn’t disclosed in the court battle, he said, where the council claimed that “closing the landfill” to allow his search “would have a huge detrimental impact on the people of Newport.”

“I expected it would be closed in the coming years because it’s 80–90 percent full—but didn’t expect its closure so soon,” Howells told The Guardian. “If Newport city council would be willing, I would potentially be interested in purchasing the landfill site ‘as is’ and have discussed this option with investment partners and it is something that is very much on the table.”

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Power company hid illegal crypto mine that may have caused outages

But Russia presumably gets no taxes on illegal crypto mining, and power outages can be costly for everyone in a region. So next year, Russia will ban crypto mining in 10 regions for six years and place seasonal restrictions that would disrupt some crypto mining operations during the coldest winter months in regions like Irkutsk, CoinTelegraph reported.

Illegal mining is still reportedly thriving in Irkutsk, though, despite the government’s attempts to shut down secret farms. To deter any illegal crypto mining disrupting power grids last year, authorities seized hundreds of crypto mining rigs in Irkutsk, Crypto News reported.

In July, Russian president Vladimir Putin linked blackouts to illegal crypto mines, warning that crypto mining currently consumes “almost 1.5 percent of Russia’s total electricity consumption,” but “the figure continues to go up,” the Moscow Times reported. And in September, Reuters reported that illegal mines were literally going underground to avoid detection as Russia’s crackdown continues.

Even though illegal mines are seemingly common in parts of Siberia and increasingly operating out of the public eye, finding an illegal mine hidden on state land controlled by an electrical utility was probably surprising to officials.

The power provider was not named in the announcement, and there are several in the region, so it’s not currently clear which one made the controversial decision to lease state land to an illegal mining operation.

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