In 2009 when Bitcoins worth almost nothing, A British IT worker known as James Howells mined 7,500 Bitcoins from his home computer. Who claims that in the year 2013 he threw away 7,500 Bitcoins at that time they worth almost $975,000. 2013 was the year when 1 Bitcoin reached the value of $1,000 for the first time.
Howells said that he started mining “Bitcoins” in the year 2009 from his home computer to solve complex mathematical problems to earn rewards. He almost earned 7,500 by doing that, After he stopped mining he sold the parts of his laptop on eBay. However, he kept the hard drive that contained Bitcoin private keys.
Howells kept the hard drive in his drawer for 3 years and lost all of the Bitcoins in mid-2013. Howells says, “I kept the hard drive in a drawer in my office for three years without a second thought and totally forgot about bitcoin altogether.” In mid-2013 during a clear-out and moving house – the hard drive was mistakenly thrown into a general waste bin, after which it was buried on site.
At the time of writing this article, the number of Bitcoins he lost in 2013 would have worth $127,920,575.99 (almost $130 million). Now, he planned to dig up the landfill in order to find the lost hard drive.
James Howells isn’t the only one who lost a big amount of Bitcoins. Campbell Simpson, an editor of Gizmodo Australia lost 1500 Bitcoin, he threw away a hard drive that had 1500 BTCs in it. Simpson says that it cost him only $25 to buy 1500 BTCs. But Today they would worth $25575045.96 ($25.5 Million).
In May 2010, Laszlo Hanyecz made the first real-world transaction by paying 10,000 Bitcoins for 2 large Pizza. “I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day”, he wrote on May 18, 2010, in BicoinTalk.
Have you ever lost your Bitcoins? Let us know in comments down below! 😀