£227 million worth of Bitcoin in a rubbish dump in Newport

[DanielaDressen]

So this guy says his hard drive with this bitcoin was thrown away by accident and is somewhere in the refuse site. The council won’t let him excavate an area of 100 tonnes of rubbish to find it.

Which is no surprise, would be like searching for a needle in a haystack, what’s he intending that he and his mates take ten years sifting through the rubbish? It was thrown away 11 years ago, not last week!

Is there a chance he’s making the whole thing up for publicity or something? How likely is it that someone could have mined that amount of bitcoin on a normal laptop in their bedroom? I thought it was a slow process which requires a lot of energy, etc?

www.bbc.co.uk/news/uk-wales-67297013 www.bbc.co.uk/news/uk-wales-67297013]]]]

It must be a slow news day for the BBC to resurrect this old story.

I think it's a good that more companies are now asking for KYC verification when selling bit coin but there are still many places that bitcoin and other crypto currency can be purchased no questions asked there have been a few cases where wallets have been hacked but these are usually by hackers who are state sponsored and have a lot of technology and money behind them.

Life will be lucrative for the first person/group able to access 'dead' wallets though presumably when quantum? computers enable this, it might make the whole ledger/blockchain insecure, not just the lost ones. An estimate of the amount of lost Bitcoin is around $320 billion at current prices.

I'm curious as to what you mean by this?

Wow - both my purely factual responses (one explaining why it was so easy to mine in the early days, the other explaining why a lost wallet cannot be replaced like a bankcard) hidden "while we take a look at this". Bizarre.

@SuzieNine perhaps repost if you can but replace the B***n word with Bit.

I am interested in what you said.

The profanity filter's powers is strong in this thread as a PP said.

Both of my posts were hidden while they took a look at it too.

I think "bit coin" is triggering their automatic profanity protection system