Bitcoin Mining & Other Crypto Currencies | Page 16 | Vital Football

Bitcoin Mining & Other Crypto Currencies

mike_field said:
Some bloke in the US has over $100,000,000 in his bitcoin wallet - he's forgot the password and he's down to his last two attempts.

:rofl:
Click to expand...

I would be more than happy to cough up the 10%!!

Following the publicity of Thomas’s plight, Alex Stamos, an internet security expert at Stanford Internet Observatory, said he could crack the password within six months if Thomas gave him a 10% cut of the digital fortune.

“Um, for $220m in locked-up bitcoin, you don’t make 10 password guesses but take it to professionals to buy 20 IronKeys and spend six months finding a side-channel or uncapping,” he said on Twitter. “I’ll make it happen for 10%. Call me.”

https://www.theguardian.com/technol...rammer-locked-out-of-his-130m-bitcoin-account
 
This is one of the problems with Bitcoin - how can you have all that wealth tied up in an “asset” which is dependent not so much on the macro environment but more on remembering your bloody password!

Not sure why anyone would keep $100m in it, I’d be worried someone was going to hack my account.
 
A man who threw away a laptop hard drive containing bitcoin he believes is now worth about £210m wants his council to let him search for it in landfill.

James Howells had 7,500 bitcoins, a virtual currency, on the hard drive, which he mistakenly threw away in 2013.

He said he was willing to donate 25% of the value of the bitcoins to his home city of Newport in south Wales - about £52.5m - if he found the hard drive.

https://www.bbc.co.uk/news/uk-wales-55658942
 
JuanPabloAngel said:
A man who threw away a laptop hard drive containing bitcoin he believes is now worth about £210m wants his council to let him search for it in landfill.

James Howells had 7,500 bitcoins, a virtual currency, on the hard drive, which he mistakenly threw away in 2013.

He said he was willing to donate 25% of the value of the bitcoins to his home city of Newport in south Wales - about £52.5m - if he found the hard drive.

https://www.bbc.co.uk/news/uk-wales-55658942
Click to expand...

He can come and dig up my back garden for a fraction of that. Just put the bodies back
 
So, I sold my existing Bitcoin at £1,900, and the market plummeted 2 days later. I was feeling very smug about it, believe me.

The market has recovered a lot now, and my rig is suddenly mining at £6 a day, when it used to just make about £1.

This is insane.
 
Something I hadn't realised about crypto is how bad it is for the environment. The mining is very energy intensive. So much so that people deliberately set up big mining operations where energy costs are lowest. That tends to be places with coal fired power plants.

When the whole ponzi scheme collapses, we'll have generated billions of tons of extra carbon for nothing.
 
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