Missing hard drive containing Bitcoins worth £4m in Newport landfill site
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Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#2[deleted]
Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#3The attitude of Newport council - everyone, really - seems pretty nuts to me. $7 million is about 185 kilos of gold. Imagine what would happen if someone lost that in a rubbish tip!
Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#4Seeing as he has a good idea of when it was thrown away surely that narrows down where it could be quite considerably. He just needs someone to invest some money in finding it with him for a share of the wealth. I wouldn't have given up if I were him.
Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#5Another way to mine for bitcoin.
Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#6The attitude of Newport council - everyone, really - seems pretty nuts to me. $7 million is about 185 kilos of gold. Imagine what would happen if someone lost that in a rubbish tip!
200kg of gold is of course easier to trawl out of a pile than one (possibly destroyed) hard drive is.
Look forward to treasure hunters attacking the site though.
Bitcoin disks may be the future of buried treasure.
Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#7Seeing as he has a good idea of when it was thrown away surely that narrows down where it could be quite considerably. He just needs someone to invest some money in finding it with him for a share of the wealth. I wouldn't have given up if I were him.
That's assuming the data will still be intact when the drive is recovered.
Edit: I'd guess the odds of the data still being intact are close to zero. A drive is so fragile I doubt it survived. Consider it being thrown around in a garbage truck and then slowly buried under several feet of other trash. Several inches of trash at a time, over time, with trucks rolling over the area each time. Then, consider the weather and other garbage juices drenching the device.
It's a goner...
Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#8People keep saying 21 million bitcoins. There are a significant percentage lost forever.
Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#9perhaps they could use a magnet to try and find it.
seriously though, every bitcoin owner can thank him for reducing the available supply.
Re: Missing hard drive containing Bitcoins worth £4m in Newport landfill site
#10People keep saying 21 million bitcoins. There are a significant percentage lost forever.
Why does every bitcoin comment thread have this conversation? It doesn't matter if a tiny percentage of the currency does not exist in the marketplace or gets lost.
21 million / 0.00000001 = how many bitcoins can "exist".
So considering that there's no real blocking factors in how many bitcoins can be distributed, why does it matter if some get lost?
The value of the coins are hardly affected now that such a high level of adoption has occurred. Those coins weren't even in previous circulation in any marketplaces affecting prices.