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Pandemona
Charlie Sheens House51480 Posts
Bitcoin Blunder Man Throws Away '£4m Laptop'A man who threw away a computer hard drive containing more than £4m of the digital currency Bitcoin has told Sky News he is devastated.
James Howells, 28, binned the hard drive in the summer, but only realised his mistake last Friday.
The IT worker threw away his Dell laptop after it started to overheat, forgetting that it contained a digital wallet containing 7,500 units of the virtual currency.
Staff at the Docksway landfill site in Newport, South Wales, where the hard drive was taken, have told Mr Howells that by now it will be buried under at least three feet of waste in an area the size of a football pitch. Source
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On November 29 2013 04:33 Pandemona wrote:Bitcoin Blunder Man Throws Away '£4m Laptop'A man who threw away a computer hard drive containing more than £4m of the digital currency Bitcoin has told Sky News he is devastated.
James Howells, 28, binned the hard drive in the summer, but only realised his mistake last Friday.
The IT worker threw away his Dell laptop after it started to overheat, forgetting that it contained a digital wallet containing 7,500 units of the virtual currency.
Staff at the Docksway landfill site in Newport, South Wales, where the hard drive was taken, have told Mr Howells that by now it will be buried under at least three feet of waste in an area the size of a football pitch. Source
Thats bullshit trolling. With that value, you just go and dig it out.
The guy's just messing and want to see news of trespasser searching the landfill.
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On November 29 2013 04:37 0x64 wrote:Show nested quote +On November 29 2013 04:33 Pandemona wrote:Bitcoin Blunder Man Throws Away '£4m Laptop'A man who threw away a computer hard drive containing more than £4m of the digital currency Bitcoin has told Sky News he is devastated.
James Howells, 28, binned the hard drive in the summer, but only realised his mistake last Friday.
The IT worker threw away his Dell laptop after it started to overheat, forgetting that it contained a digital wallet containing 7,500 units of the virtual currency.
Staff at the Docksway landfill site in Newport, South Wales, where the hard drive was taken, have told Mr Howells that by now it will be buried under at least three feet of waste in an area the size of a football pitch. Source Thats bullshit trolling. With that value, you just go and dig it out. The guy's just messing and want to see news of trespasser searching the landfill.
http://www.bbc.co.uk/news/uk-wales-south-east-wales-25134289
I don't think he's going to find it.
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On November 29 2013 03:51 GaliX wrote:
well.
Anybody already quit his job? :D
Not yet but I'm kicking myself for selling that many litecoins just before the spectacular rise.
Like that other guy said ; c'est la vie !
I'm still slowly buying thought. Only good news in the bitcoin world lately.
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3-4 moth ago... that changes things indeed
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Are you guys who are into it hoping to horde coins and cash in at some point for real money?
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On November 29 2013 10:31 tshi wrote:
Are you guys who are into it hoping to horde coins and cash in at some point for real money?
That's the point really. If bitcoin is going to be increasingly adopted as a valid means for payment, you will never have to cash in for 'real money'. If for some reason that adoption stagnates, we'll see a huge crash of the market as people will start cashing out.
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I just continually use BTC to purchase things, I don't horde the currency.
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This is surreal. I still cannot believe it, the last month has been one of the happiest in my life. Back in 2010 my friend and supervisor at work was bitcoin mining with his CPU at work, and we mined for bitcoins every day, they were worth like 10 cents at the time. We were getting bitcoin blocks so quickly, we worked at a cell phone repair store with lots of computers and laptops. Soon we had many running 24/7... I still remember I had no idea what I was doing, what they were about, how they worked. All I knew is they were worth money, but we split them half half. Two year or so back I remember him messaging me on facebook to tell me he sold his because they were at $5.50.
Today, I sold mine all of mine. $1062.8 each... $726,704.38 USD after all the fees. 19 years old and this life changing amount of money. There seem to have been so many of these stories too... After all, billions of dollars in wealth was created out of thin air. A 16 year old having fun mining coins to become this. The last two months I've been looking at these bitcoins so closely, watching my worth go up, and still I can't grasp of what just happened.
I still haven't told anyone I know, no family, not my girlfriend, not my friends. Not sure if I even want to.
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seriously? any pics or financial statements to prove it? O_O
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On November 29 2013 15:57 FiWiFaKi wrote:
This is surreal. I still cannot believe it, the last month has been one of the happiest in my life. Back in 2010 my friend and supervisor at work was bitcoin mining with his CPU at work, and we mined for bitcoins every day, they were worth like 10 cents at the time. We were getting bitcoin blocks so quickly, we worked at a cell phone repair store with lots of computers and laptops. Soon we had many running 24/7... I still remember I had no idea what I was doing, what they were about, how they worked. All I knew is they were worth money, but we split them half half. Two year or so back I remember him messaging me on facebook to tell me he sold his because they were at $5.50.
Today, I sold mine all of mine. $1062.8 each... $726,704.38 USD after all the fees. 19 years old and this life changing amount of money. There seem to have been so many of these stories too... After all, billions of dollars in wealth was created out of thin air. A 16 year old having fun mining coins to become this. The last two months I've been looking at these bitcoins so closely, watching my worth go up, and still I can't grasp of what just happened.
I still haven't told anyone I know, no family, not my girlfriend, not my friends. Not sure if I even want to.
This is amazing!
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On November 29 2013 16:05 icystorage wrote:
seriously? any pics or financial statements to prove it? O_O
Just on Mtgox.com and on my paypal... Must look like I'm smuggling drugs since the most expensive thing I've bought with paypal was $50 or so. The security section on mtgox.com strongly urges you not to post any wallets or account balances online, as well as in general probably anyone will tell you not to put bank statements, account balances etc on the web. I'm not sure what personal information can be extracted from them, and I'd rather not risk it. So I suppose I cannot prove this to you. I've written a blog on teamliquid about being scammed of $7000~ dollars, I'd rather not multiply that 100 fold this time ;p. Not forcing you to believe me.
Wont lie, even though everything is great, I was thinking about them before I went to sleep yesterday, and I woke up yesterday and sold them because I just couldn't resist, now looking at them they are selling for $1200~, that's almost a 100k dollars less than if I kept them for 12 more hours... I should not think about that though. When bitcoins crash, they crash, and you will just be unable to sell and well. I've been doing lots of reading on bitcoins for the last year or so, and from what I gather, this drop will happen very soon. Hence I did not want to take any more risks.
FiWiFaKi TSL incoming? Haha probably not, I will obviously keep most of this money, it will allow us to buy a house right when I finish university, but I am thinking about sponsoring a small Starcraft 2 event, and some Broodwar for sure too.
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Yeah i didnt mean for you to show some sensitive information but damn that's very surreal indeed O_O grats to you good sir!
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Anyone still buying bitcoins now? What are some resources you used to learn about them?
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Thank you ^___^
There aren't very many sources to learn about bitcoins themselves online, and rightfully so. Bitcoins are new and so much material hasn't been created about them. Especially when there is so much potential money to be made in them. Once many people have access to the knowledge the dynamic of the market changes... That's why the once it goes mainstream the bubble has already popped scenario occurs so often with investment.
I actually was originally in Mechanical Engineering as my undergrad, but for this sole reason I decided to take up a double degree and do a Bachelor of Arts in economics on top of my Mechanical Engineering degree. My source of research was mainly textbooks from my university library about:
Behavioural Economics
Investor Behavior Theory
The Stock Market Course
Besides that after class discussions with my profs, and some brief knowledge about statistics + probability from engineering courses and additional readings that didn't really do anything for me.
Realistically though, I didn't do anything but keep my coins, and sell them when they were high. My theory of the crash being in the next little future may be completely wrong, and it'll mean I was totally lucky with what I achieved. Either way, bit coins have potential to make a lot of money, and I think I'll try my luck with the market in the future... However I'm concerned as the big corporations are coming in with advanced statistical analysis methods and computer algorithms, and I feel it may quickly become like the stock market where only the very knowledgeable big investors will make great sums of money.
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On November 29 2013 16:54 FiWiFaKi wrote:
Thank you ^___^
There aren't very many sources to learn about bitcoins themselves online, and rightfully so. Bitcoins are new and so much material hasn't been created about them. Especially when there is so much potential money to be made in them. Once many people have access to the knowledge the dynamic of the market changes... That's why the once it goes mainstream the bubble has already popped scenario occurs so often with investment.
I actually was originally in Mechanical Engineering as my undergrad, but for this sole reason I decided to take up a double degree and do a Bachelor of Arts in economics on top of my Mechanical Engineering degree. My source of research was mainly textbooks from my university library about:
Behavioural Economics
Investor Behavior Theory
The Stock Market Course
Besides that after class discussions with my profs, and some brief knowledge about statistics + probability from engineering courses and additional readings that didn't really do anything for me.
Realistically though, I didn't do anything but keep my coins, and sell them when they were high. My theory of the crash being in the next little future may be completely wrong, and it'll mean I was totally lucky with what I achieved. Either way, bit coins have potential to make a lot of money, and I think I'll try my luck with the market in the future... However I'm concerned as the big corporations are coming in with advanced statistical analysis methods and computer algorithms, and I feel it may quickly become like the stock market where only the very knowledgeable big investors will make great sums of money.
Haha, if this is true, gratz!
If you feel that you are (and will be) ok economically, and generally feel happy with your life, maybe donating to charity is a good idea? Give some nice gifts for people you care fore, buy some little thing for yourself, and give donate the rest.  Eays come, easy go. Maybe save 7k for that previous scamming thing.  Then live your life as normal, but with that extra party-story: "Hey, btw, I donated 1M to charity when I was 19".
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On November 29 2013 17:21 icystorage wrote:
but he only got 700k
People expect you to exaggerate when you tell stories on parties.
"1M? nah, I don't beieve you"
"lololl, ok, yeah you're right, it's not true."
"hehe, didn't think so."
"It was 700k"
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Pandemona
Charlie Sheens House51480 Posts
So FiWiFaKi you going reinvest any of that into Litecoins?
They went up 100% in value overnight (in 24hours) they seem to be BOOMING big just like bitcoins where a few months back? Could be worth a cheeky investment, especially if you have the big sums to make it even more worth it.
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Congrats FiwiFaki!
I actually looked into LTCs yesterday and set up a Cudaminer for Nvidia cards. Anyone else using/tried it?
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EPT
