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Man threw away laptop with bitcoin that now is worth £74 million
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pitt Offline
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Man threw away laptop with bitcoin that now is worth £74 million
Welsh IT worker James Howells even has investors willing to finance the search in return for a slice of the crypto-currency. Man threw out the laptop, which had 7,500 Bitcoin units on the hard drive, four years ago and has been fighting to get a permit from Newport Council to search for it. The council have told him repeatedly he will not be able to search its rubbish dump despite him offering them 10% of the money. He told Walesonline: ‘How can they leave $100 million in the ground when making cuts to services left right and centre?

‘My investors have even offered to put a sum of money into a bank ‘bond’ just in case we mess it up, the council can access this money to fix it properly themselves. ‘I’ve also told them i would adhere to all safety standards when digging and also put the site back to its original condition when finished.’ The council disputes his theory about locating the device from estimating the depth of the rubbish from the date it was buried.

A spokesperson for Newport City Council said: ‘The cost of digging up the landfill, storing and treating the waste could run into millions of pounds – without any guarantee of either finding the hardware or it still being in working order. ‘The council has told the individual concerned on several occasions that excavation is not possible under our licencing permit, added to the fact excavation itself would have a huge environmental impact on the surrounding area. ‘The landfill section of HWRC (Household Waste Recycling Centre) is not accessible to the public as it is a permitted facility with conditions that include security and prevention of illegal access to the facility regulated by NRW (National Resources Wales), therefore any potential treasure hunters could not access the site and would be committing a criminal offence.’ The council also said the landfill site contains around 350,000 tonnes of waste with an annual input of 50,000 tonnes.

Read more: http://metro.co.uk/2017/12/09/man-threw-...to=cbshare
Twitter: https://twitter.com/MetroUK | Facebook: https://www.facebook.com/MetroUK/

What a nightmare for this man haha.

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12-09-2017 03:45 PM
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GlobalMan Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
I found an article from 2013 that he was looking for it at that time, and he determined it was impossible then, when it was "only" 3 to 5 feet deep and they were seemingly open to letting him search. That was the time to get an investor. Trying four years later is a farce and can only be attention seeking.

http://www.bbc.com/news/uk-wales-south-e...s-25134289
Quote:28 November 2013


James Howells's hard drive contains 7,500 bitcoins - which is a virtual form of currency for use online.

It had sat in a drawer for years and he had forgotten it contained the bitcoins, which he obtained in 2009 for almost nothing, when he threw it out.

But this week, a single bitcoin's value hit $1,000 (£613) for the first time.
It means Mr Howells's collection is now worth $7.5m (£4.6m).

A few years ago Mr Howells, who works in IT, had dismantled his computer after spilling a drink on it.

"I stored a couple of parts away like the hard drive, and the rest of the bits and pieces which were still working I sold for spares," he told BBC Radio Wales.

"I kept the hard drive in a drawer in my office for three years without a second thought - totally forgot about bitcoin all together. I had been distracted by family life and moving house.

"Fast forward to 2013 which is when I had a clearout of my old IT equipment - I hadn't used this drive for over three years, I believed I'd taken everything off it... so it got thrown in the bin."

Mr Howells later realised what was left on the hard drive. He added: "I had been hearing a few stories of a chap from Norway who had bought a number of coins for a very low price and had sold them for a high price and that's when I got back into checking the price and seeing what I'd done.

"When I found out what the price was, the penny dropped and I realised the coins I have 'mined' were on the drive I had thrown away. There was not a lot I could do."

Mr Howells checked all of his back up files but could not locate the coins so went to the landfill site in south Wales.

"When I went to the tip the manager took me up to the current landfill site and when I saw it - it's about the size of a football field - my first thought was 'no chance'," he said.

"The manager explained that things that were sent to landfill three or four months ago could be three to five feet deep.

"He confirmed my worst fears when he said that. He did mention that when people were investigating for evidence, they turn up with 15 to 20 people in full protective gear with diggers and dogs as well. The truth is I haven't got the funds or ability to make that happen at the moment without a definite pay cheque at the end of it."

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(This post was last modified: 12-09-2017 05:07 PM by GlobalMan.)
12-09-2017 05:01 PM
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Que enspastic Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
Don’t be like this guy

There’s a lesson there
12-10-2017 04:45 AM
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Geomann180 Online
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RE: Man threw away laptop with bitcoin that now is worth £74 million
7,500 Bitcoins is worth way more than 75 mil British Sterling now.

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12-10-2017 07:33 AM
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renotime Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
This reminds me of the guy that traded a pizza for 10,000 bitcoins.

You want to know the only thing you can assume about a broken down old man? It's that he's a survivor.
12-10-2017 09:14 AM
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RE: Man threw away laptop with bitcoin that now is worth £74 million
http://tribunist.com/news/he-threw-away-...-landfill/

Quote:His girlfriend hated the sound the mining equipment would make at all hours of the night, so she gave Howells an ultimatum; it was her or bitcoin. Not wanting to be alone, Howells chose his girlfriend.

He made the wrong decision.
12-10-2017 12:02 PM
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RE: Man threw away laptop with bitcoin that now is worth £74 million
(12-10-2017 12:02 PM)Marmite Wrote:  http://tribunist.com/news/he-threw-away-...-landfill/

Quote:His girlfriend hated the sound the mining equipment would make at all hours of the night, so she gave Howells an ultimatum; it was her or bitcoin. Not wanting to be alone, Howells chose his girlfriend.

He made the wrong decision.

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12-10-2017 01:52 PM
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DJ-Matt Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
(12-10-2017 12:02 PM)Marmite Wrote:  http://tribunist.com/news/he-threw-away-...-landfill/

Quote:His girlfriend hated the sound the mining equipment would make at all hours of the night, so she gave Howells an ultimatum; it was her or bitcoin. Not wanting to be alone, Howells chose his girlfriend.

He made the wrong decision.


(12-03-2017 07:42 PM)Bill Brasky Wrote:  [Image: DQKXsm-W0AAbY8M.jpg:large]

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(This post was last modified: 12-10-2017 02:01 PM by DJ-Matt.)
12-10-2017 02:00 PM
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JohnKreese Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
Hate to say it, but that's 7,500 less BTC in circulation.

All of that scarcity and value stuff.

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12-10-2017 02:22 PM
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RE: Man threw away laptop with bitcoin that now is worth £74 million
(12-10-2017 09:14 AM)renotime Wrote:  This reminds me of the guy that traded a pizza for 10,000 bitcoins.

Really ?? Or a joke
12-11-2017 02:10 AM
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JohnKreese Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
(12-11-2017 02:10 AM)william09 Wrote:  
(12-10-2017 09:14 AM)renotime Wrote:  This reminds me of the guy that traded a pizza for 10,000 bitcoins.

Really ?? Or a joke
A joke.




















It was actually TWO pizzas

http://uk.businessinsider.com/bitcoin-pi...ion-2017-5

"In America we don't worship government, we worship God." - President Donald J. Trump
(This post was last modified: 12-12-2017 12:10 PM by JohnKreese.)
12-12-2017 11:57 AM
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renotime Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
Thanks, John. Always there to catch my fuck ups.

You want to know the only thing you can assume about a broken down old man? It's that he's a survivor.
12-12-2017 03:57 PM
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andy Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
No woman is ever worth a man's happiness.
09-16-2018 11:00 AM
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Thor Offline
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RE: Man threw away laptop with bitcoin that now is worth £74 million
Over ten years ago I wanted to invest my money in gold. My GF told me I was stupid. A few month later the 2008 crisis. The local currency crashed and gold spiked. Later I found this thing called Bitcoin when it was new. Got told I was stupid once again. Did not buy. Lesson learned.
09-16-2018 11:32 AM
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