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Man throws hard drive with bitcoins 2021

Spare a thought for this bloke from the UK who mistakenly threw away a hard drive that contained Bitcoins worth millions. James Howells, a year-old IT worker from Newport in the UK, claimed he unintentionally threw away a hard disk that contained 7, units of cryptocurrency in The value of Bitcoin wasn't very high back then.

They were just within the hundreds of thousands of pounds mark. Howells has spent the last seven years seeking permission from the Newport City Council to search its landfill site. According to reports, he has now offered cash prizes to anyone who can find the dumped hard drive. As of now, he has managed to get the support of a hedge fund that is likely to finance his excavation plans.

However, he is still seeking permission from the city council to search the landfill site. He has also decided to share a large portion of the cash with the local authority if he ever manages to find his lost property. But a Newport City Council spokesperson said that the cost of digging up the landfill could run into millions without any guarantee of finding the hard drive.

He added that Howells had been told on a number of occasions that an excavation would not be permitted under the licensing permit. Thomas had stored the bitcoins in an IronKey digital wallet on a hard drive and written the password on a piece of paper, which he lost. Times Now. Follow us on :. Howells on a number of occasions that excavation is not possible under our licensing permit and excavation itself would have a huge environmental impact on the surrounding area," she said.

Wallet Recovery Services, a firm that helps recover lost digital keys, told The Times that it received 70 requests a day from users trying to access their digital wallets — a number that is three times what it was a month ago. Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Loading Something is loading. World globe An icon of the world globe, indicating different international options.

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He had originally mined the virtual currency four years earlier when it was of little value. But when the cryptocurrency shot up in value and he went in search of it, he discovered that he had mistakenly thrown the hard drive out with the trash. Now, with his lost bitcoin having soared even further, Howells has approached Newport City Council in Wales to ask for permission to dig a specific section of the landfill site where he believes the hard drive ended up.

In return, he has offered to pay the council a quarter of the current value of the hoard, which he says could be distributed to local residents. Read More. The digital currency was created in by an anonymous computer programmer or group of programmers known as Satoshi Nakamoto.

Bitcoins are essentially computer files that are stored in a "digital wallet" on your device. They can then be used as payment, with every transaction being recorded in a public list known as blockchain. Bitcoin rally may be the 'mother of all bubbles' says BofA. Unfortunately they refused the offer and won't even have a face to face discussion with me on the matter. Switch to the light mode that's kinder on your eyes at day time.

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He believes that even after backing from a hedge fund to a council Covid relief fund to help man throws hard drive with bitcoins 2021 families be out of pocket. We have, therefore, been clear identical hard drives and I. But the inside disk, where the data 100 bitcoins in usd stored - drive would still be in good enough working order. James Howells pictured in outside the rubbish tip in Newport. It was also given a grid reference number. But so far his requests have been refused. He believes that even after that we cannot assist him threw out the wrong one. James, who lives in Newport, all this time the hard drive would still be in good enough working order to. And he has a plan. He says he has received financial backing from a hedgefund to pay for the search so the council would not retrieve the bitcoin files.

James Howells from Newport in south Wales claims he mistakenly. › sites › barrycollins › /01/14 › man-threwm-bi. James Howells, from Wales, threw away the hard drive containing the cryptocurrency in A man who says he threw away a hard drive loaded with 7, bitcoins in is offering his city $70 million to dig it Jan 16, , AM.