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In a bizarre incident, a man in the UK has been scouring every inch of a landfill looking for a hard drive he had discarded. The reason— there were more than 7,500 bitcoins stored in the hard drive, which in today is worth more than $7.5 million (Rs 46 crores approximately), BBC reports. Also Read - Bitcoin at 2-month low after South Korean exchange hacked
James Howell decided to discard his hard drive, which was lying unused for three, having met with a liquid accident. Before throwing it in the bin, he checked all the contents that he would need, but accidently left the bitcoins file in it. Little did he know that the bitcoins that he had bought in 2009 for next to nothing, would be worth a fortune today. Also Read - London police seize bitcoin worth $667,000 from hacker
He had completely forgotten about the bitcoins, but when he read a few stories online about how the value of the bitcoins had crossed the $1,000 mark, he realized his folly. “I had been hearing a few stories of a chap from Norway who had bought a number of coins for a very low price and had sold them for a high price and that’s when I got back into checking the price and seeing what I’d done,” he told BBC.
Running out of options, he went to the landfill site in South Wales, hoping he would be able to find the hard drive there. “When I went there, the manager took me up to the current landfill site and when I saw it – it’s about the size of a football field – my first thought was ‘no chance’,” he said. “The manager explained that things that were sent to landfill three or four months ago could be three to five feet deep,” he added.
For those who aren’t following the story of its rise, bitcoin is a virtual currency generated by a computer program that can be converted into cash after being deposited into virtual wallets. It was launched in 2009 and after a slow rise, last week its value sore sky-high, when the value of each bitcoin exceeded $1,000.