Man throws hard drive away with bitcoins for dummies

James Howells, an IT worker from Newport, claims to have unintentionally dumped 7, bitcoin in mid Campbell Simpson, the editor of Gizmodo Australia, says he threw away a hard drive in that had 1, bitcoin on it. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy! I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.

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Content:

• A man is offering a Welsh council £7.4 million to dig in its tip for his lost Bitcoin
• Man loses $ 557 million in Bitcoin after mother throws away laptop
• Man offers local authorities £50m to help in his hopeless quest for lost bitcoin fortune
• Man Who Accidentally Threw Away 7,500 Bitcoins on Hard Drive Has New Plan to Retrieve His BTC
• Man Accidentally Throws Away Hard Drive With Bitcoin Worth $280 Million
• Man makes last-ditch effort to recover $280 million in bitcoin he accidentally threw out
• The Man Who Lost $265 Million
• Man offers local govt $71 million to find lost hard drive with 7,500 bitcoins in UK
• IT worker who threw £340million of Bitcoin in the bin hires NASA experts to find it

WATCH RELATED VIDEO: Todays Crypto News - Man Accidentally Threw Away 7,500 Bitcoins Hard Drive

A man is offering a Welsh council £7.4 million to dig in its tip for his lost Bitcoin

James Howells had 7, bitcoins , a virtual currency, on the hard drive, which he mistakenly threw away in Newport council said excavation was not possible under its licensing permit. Mr Howells said if he was to recover the hard drive, he would want the money to be put into a "Covid relief fund" for people in Newport to use "no questions asked". Mr Howells bought the bitcoins for almost nothing in , but the hard drive ended up in a drawer after he spilled a drink on his laptop.

He kept the hard drive in his office drawer and "totally forgot about bitcoin all together" - so when he had a clear out, he believed everything had been taken off it. He said he has asked Newport council if he could search the landfill several times, but had not been granted permission. Mr Howells said searching for the discarded hard drive would "not be as hard as you might think" as he would employ a professional team - and knows when he threw it away so could use that to find a grid reference of where the hard drive is buried.

He added investors had offered to cover the cost of excavating the landfill, in exchange for a large proportion of the recovered bitcoin. Mr Howells said he wants to meet with the council to discuss what he said would be a "win-win-win" situation for him, the council and the city. But a spokeswoman for the council said: "Newport City Council has been contacted a number of times since about the possibility of retrieving a piece of IT hardware said to contain bitcoins.

This video can not be played To play this video you need to enable JavaScript in your browser. James Howells says he wishes he had never thrown away the hard drive. What is bitcoin? Man has two guesses to unlock bitcoin fortune PayPal allows bitcoin and crypto spending. James Howells: "When I went up to the landfill site yesterday my first thought was 'I've got not chance'".

Image source, James Howells. James Howells said he wants to donate a quarter of the money to the people of Newport. Bitcoin explained: How do cryptocurrencies work?

Published 28 November Published 3 January Related Topics.

Man loses $ 557 million in Bitcoin after mother throws away laptop

The fortune of digital currency exists on a lost hard drive dumped in a rubbish tip. James Howells, 36, accidentally dumped the hard drive when he threw out equipment during an office spring clean in It is now sitting somewhere in a council rubbish tip in Newport, South Wales — and the value of Bitcoin has rocketed in the intervening years. James is being refused permission to search for the old computer parts — despite offering a quarter of any fortune recovered to the hard-up council.

Man offers local authorities £50m to help in his hopeless quest for lost bitcoin fortune

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. To retrieve it, he needs permission from his local council to search the landfill, which is not open to the public. There are plenty of tragic tales about people forgetting passwords or losing computers. Others regret selling their coins too soon. Per Coindesk , a hypnotist in South Carolina even offers services that are meant to help people recall their forgotten private key passwords. Per the report , that is how Bitcoin works. It is a monetary system that is hard to hack, censor or dismantle. Start your day with the top stories you missed while you were sleeping.

Man Who Accidentally Threw Away 7,500 Bitcoins on Hard Drive Has New Plan to Retrieve His BTC

Newport, a seaside city in Wales, is famous for its docks and industrial heritage — and for allegedly having half a billion dollars worth of Bitcoin buried in its local landfill. Former IT worker James Howell mined the cryptocurrency back in , well before its value skyrocketed. In a mix-up, he accidentally threw away the hard drive its access key was stored on. Since then, he's been lobbying the local government to allow him to excavate tons of trash in the landfill as part of an attempt to find it. But local officials are refusing to let him.

Man Accidentally Throws Away Hard Drive With Bitcoin Worth $280 Million

It's a nightmare scenario that might become increasingly common in a world of digital currency. A man threw away an old PC hard drive while doing a quick spring clean of his home in Newport Wales, U. Fast-forward almost a decade and he's still desperately petitioning to be allowed to go through his local landfill. The reason the man, year-old IT engineer James Howells, wants to trawl through his local trash site is that the hard drive he threw out included a wallet with 7, Bitcoin. At the time he threw out the hard drive, that amount of Bitcoin would have been worth thousand dollars thousand pounds.

Man makes last-ditch effort to recover $280 million in bitcoin he accidentally threw out

James Howells decided to give bitcoin mining a go back in and managed to mine around 7, bitcoins using his computer, the Guardian reports. Hype around digital currency was pretty low back in and Howells decided to give up mining after his girlfriend complained about the noise and heat coming from his computer as a result of the mining process. The following year, Howells' computer broke, so he dismantled it and threw most of the parts away, aside from the hard drive, which contained the private keys needed to access the bitcoins he mined. This hard drive sat in a drawer in Howell's desk for three years until this summer, when he had a clear out and put the hard drive in the bin. Howells, who works in IT, told the news provider:.

The Man Who Lost $265 Million

A man threw away an outdated PC laborious drive whereas doing a fast spring clear of his house in Newport Wales, U. Fast-forward nearly a decade and he is nonetheless desperately petitioning to be allowed to undergo his native landfill. The purpose the person, year-old IT engineer James Howells, needs to trawl by way of his native trash website is that the laborious drive he threw out included a pockets with 7, Bitcoin. In an interview with The Guardian in , Howells defined how he had been trying by way of the landfill, which is roughly the dimensions of a soccer subject.

Man offers local govt $71 million to find lost hard drive with 7,500 bitcoins in UK

It looked like an ordinary letter, delivered with all the rest of the mail to Daniel Levinson's San Francisco home. Local News. Weather Traffic Local News U. Station Info. Follow Us:. Share Tweet Email.

IT worker who threw £340million of Bitcoin in the bin hires NASA experts to find it

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. The process requires legions of electricity-hungry computers that work around the clock to unlock new coins by cracking math problems. Because these problems get increasingly complex over time, the system rewards energy waste : Any downtime makes the next coin harder to earn, and the only way to get an edge over competitors is to run more computers. The annual carbon footprint today is comparable to that of the London metro area. But this mining system also pressures miners to run only the latest, fastest, most energy-efficient computer chips, and discard older ones.

The resident of Newport, Wales has once again started his search for the drive and urged local city officials to let him dig through landfill sites. The man claims that he had two identical-looking hard drives and threw away the one which had the 'private key' required to access and spend the units of cryptocurrency stored on his computer while cleaning his office in A private key is a form of encryption, a digital signature that provides an algorithmic proof that the transaction was done by the owner. Bitcoin has a decentralised system operated by a network of computers.