Newport man has been under , tonnes of Photo credit: South garbage at a landfill near Newport, Wales, in south Wales timberlandschuheherren.de Man lost $ Buried deep below thousands away his computer by £4m-worth of bitcoins stored in , which ended Howells: The man who with bitcoins potentially worth haunts bitcoin investors. Feb 14, · Again, Krawisz persevered, telling Wales that he wanted Wales to "think more deeply about why Bitcoin is a good idea," further stressing, "My point is just that because Bitcoin Author: Matt Asay. Dec 04, · A man in Wales is kicking himself after accidentally tossing a hard drive full of Bitcoins valued at over $ million. James Howell is an IT worker in Newport, Wales. In he was cleaning his apartment when he accidentally tossed a hard drive that he’d used to mine Bitcoins.
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Coronavirus Students will be expected to continue studying from their current residence until at least mid-February. They say it's against the law. According to a report published in The Telegraph , Howells began mining bitcoin on his personal laptop in In , though, "after I had stopped mining, the laptop I had used was broken into parts and sold on eBay," Howells tells The Telegraph. He kept the drive he used to collect the bitcoins, "so if bitcoin did become valuable one day, I would still have the coins I mined.
But, while cleaning his home in , he mistakenly put it into a waste bin at his local landfill site in Newport, South Wales, where it got buried. More than four years' worth of garbage have poured into the dump since his mistake, which would make any recovery effort a significant undertaking. In an interview with tech website Wired , a council spokesperson said their offices have been "contacted in the past about the possibility of retrieving a piece of IT hardware said to contain bitcoins," but digging up, storing and treating the waste could cause a "huge environmental impact on the surrounding area.
The landfill reportedly contains about , tons of waste and 50, more tons are added every year. Even if the drive is recovered, it may not work after being exposed to weighty and possibly toxic waste for so long. Plus, the operation, which could require specialty-construction vehicles, might cost millions.
And while Howells has the "financial backing in place" to fund such an effort, according to Wired, he needs permission: The landfill is not open to the public and trespassing would be considered a criminal offense. Cloud-based services now help prevent physically losing hardware where bitcoins are stored, but there are still a few reasons to be wary of cryptocurrencies: Some experts fear it could be outlawed , note it's hard to value accurately and say buying it is more gambling than investing.
Still, many believe the positives outweigh the negatives. Even Howells still tracks bitcoin's price, he tells Wired, "but that's not because I'm obsessed with the price because of my lost coins.