29 Nov '13, 9pm

James Howells: Pity the Bitcoin miner dumped on by fate

James Howells: Pity the Bitcoin miner dumped on by fate

When bitcoins last came to our notice in October, after the arrest of alleged “dark internet” crime lord Ross Ulbricht in California, I wrote that their value (then about $120) was so volatile that by the next day it might be $290 or 16 cents. Today, the bitcoin trades at slightly over $1,000, making Mr Howell’s haul worth almost £5 million. That haul is now literally buried treasure. After drenching the computer in lemonade in 2010, he dismantled it to reuse some parts, and left the hard drive containing the data required for access to the bitcoins in a desk. The pram in the hall, and all that… Two children popped along, and in the mayhem Mr Howells forgot about his stash before chucking out the hard drive in the summer. As an IT specialist, he must be forever reminding others to back up their data. In this case, needless to say, he did no such thing, and the only digital...

Full article: http://www.telegraph.co.uk/news/newstopics/howaboutthat/1...

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