Where there's muck there's (virtual) brass: Newport man accidentally throws away hard drive needed to access £4m worth of 'Bitcoins'
James Howells accidentally threw away a hard drive containing the cryptographic "private key" needed to access the digital currency
They say where there's muck there's brass (even if it is just the virtual kind).
A man from Newport has spoken of his regret after he accidentally threw away a hard drive containing the cryptographic "private key" needed to access nearly £4 million worth of the digital currency Bitcoins.
The hard drive was thrown away by its owner James Howells over the summer along with the Dell XPS N1710 laptop it came from.
After discarding the equipment, Mr Howells realised it included a digital wallet containing 7,500 Bitcoins which he 'mined' in 2009 at almost no cost.
Mr Howells, 28, who lives on Cromwell Road, Newport, had stored the virtual currency on his hard drive when it was worth almost nothing.
In 2009 the virtual currency was pretty much unknown outside of tech circles, however, in recent months the value of the digital coins has increased exponentially.
In a desperate and so far fruitless attempt to retrieve his virtual treasure Mr Howell visited the Docksway landfill site in Newport but was told it would not be sealed off unless there needed to be a criminal investigation carried out.
According to reports Mr Howells was told so much rubbish has since been piled on top the hard drive, which was thrown away in July or August, that it would be almost impossible to find. Mr Howells told the South Wales Argus that the landfill site would be “30 feet in the air when complete”.
Speaking to The Guardian, who first covered the story after spotting a post on Reddit, Mr Howells said: "You know when you put something in the bin, and in your head, say to yourself 'that's a bad idea'? I really did have that."
According to the newspaper, at the time of his discarding the hard drive the virtual currency would have been worth around £500,000 but the value has since risen to beyond £4million.
Diving in at the deep end is no excuse for shirking the style stakes
- 1 Why I'm on the brink of burning my Israeli passport
- 2 Japanese plant experts produce 10,000 lettuce heads a day in LED-lit indoor farm
- 3 War is war: Why I stand with Israel
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Israel-Gaza conflict: Death toll tops 125 after overnight raids as Operation Protective Edge continues
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Ian Thorpe gay: Olympic swimmer comes out in Parkinson interview
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Gaza-Israel conflict: Pro-Palestinian demonstrators take to streets of London, Paris and New York in wave of protests
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£30000 - £45000 per annum + Benefits + Bonus: Harrington Starr: C# Developer (...
£60000 - £80000 per annum + Benefits + Bonus: Harrington Starr: C# Integration...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...