Man says his binned Bitcoin fortune now worth £500m
James Howells believes his lost hard drive, which contains 8,000 Bitcoins, is in a landfill site.
BBC News
Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. Consensus between nodes is achieved using a computationally intensive process based on proof of work, called mining, that secures the bitcoin blockchain. Mining consumes large quantities of electricity and has been criticized for its environmental impact.
James Howells believes his lost hard drive, which contains 8,000 Bitcoins, is in a landfill site.
Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan.