2013-11-27 Guardian: 7,500 Bitcoins thrown in bin

[kjlimo]

holy shit, i wonder if there will be bitfiends running around trash digging for MILLIONS.

damn, i should make my username bitfiend.. too late to change the name though huh?

This will be the method of "bitcoin mining"

I estimate lost coins to be between 300k & 500k bitcoins.

[freedomno1]

holy shit, i wonder if there will be bitfiends running around trash digging for MILLIONS.

damn, i should make my username bitfiend.. too late to change the name though huh?

This will be the method of "bitcoin mining"

I estimate lost coins to be between 300k & 500k bitcoins.

Gives Auction Kings a whole new twist
At the same time I imagine all the return your computers to be recycled campaigns
One day a computer with 100 BTC in it gets compacted and turned into digital dust!

[Kreigyr]

holy shit, i wonder if there will be bitfiends running around trash digging for MILLIONS.

damn, i should make my username bitfiend.. too late to change the name though huh?

This will be the method of "bitcoin mining"

I estimate lost coins to be between 300k & 500k bitcoins.

Gives Auction Kings a whole new twist
At the same time I imagine all the return your computers to be recycled campaigns
One day a computer with 100 BTC in it gets compacted and turned into digital dust!

You think I'll get lucky grabbing a few computers from Goodwill? They usually still have the hard disks

Hell, I've always found something interesting on secondhand drives... usually financial information.

[johnyj]

I doubt that it is a fake story with the intention to draw donation bitcoins

With such large amount of coins, even when the price rose to $30 during the 2011 rally, he already hold a significant amount of purchasing power, it is impossible to still ignore them without taking extreme cautions like making multiple backups and move to cold storage and paper wallet

[hilariousandco]

I doubt that it is a fake story with the intention to draw donation bitcoins

Do you believe all the people begging for coins on here saying their computer died or whatever? I'm not saying it is fake, but I have no reason to believe him. Some people are just attention whores and want their 5 minutes of fame. He's only going to make a bit of cash out of this, because people have donated him coins already. Fair play to him either way.

[LiteCoinGuy]

video:

http://www.bbc.co.uk/news/technology-25138627


goodbye BTC

[rmines]

Auch, that must be sore!

[mintz]

I'm just trying to work this out ....

He's supposed to have had 7500 coins and he mined them in a week on his laptop back in 2009.  At one block every 10 minutes each generating 50 coins that's 300 coins an hour, 7200 coins a day and 50400 per week. 7500 of 50400 is 14.88%.  Now maybe I'm being dumb and I've made some stupid mistake but if I haven't it does not seem credible to me that he had about 15% of the hashing power mining bitcoins back in 2009.

M

[exstasie]

I'm just trying to work this out ....

He's supposed to have had 7500 coins and he mined them in a week on his laptop back in 2009.  At one block every 10 minutes each generating 50 coins that's 300 coins an hour, 7200 coins a day and 50400 per week. 7500 of 50400 is 14.88%.  Now maybe I'm being dumb and I've made some stupid mistake but if I haven't it does not seem credible to me that he had about 15% of the hashing power mining bitcoins back in 2009.

M

Was it only from mining?  Maybe he sold some pizzas back in the day?? lol

[PenAndPaper]

A friend of mine heard his first ever news for bitcoin from a mainstream news source.
Guess what the news was 

[niothor]

I'm just trying to work this out ....

He's supposed to have had 7500 coins and he mined them in a week on his laptop back in 2009.  At one block every 10 minutes each generating 50 coins that's 300 coins an hour, 7200 coins a day and 50400 per week. 7500 of 50400 is 14.88%.  Now maybe I'm being dumb and I've made some stupid mistake but if I haven't it does not seem credible to me that he had about 15% of the hashing power mining bitcoins back in 2009.

M

he said a week , maybe to dramatize , could have been 10-12 days,  and at that time you couldn't say that there was hashing "power" , the few who tried this weren't keeping their computer on 24 hours except for a few.
Still , it is possible.

[mintz]

I'm just trying to work this out ....

He's supposed to have had 7500 coins and he mined them in a week on his laptop back in 2009.  At one block every 10 minutes each generating 50 coins that's 300 coins an hour, 7200 coins a day and 50400 per week. 7500 of 50400 is 14.88%.  Now maybe I'm being dumb and I've made some stupid mistake but if I haven't it does not seem credible to me that he had about 15% of the hashing power mining bitcoins back in 2009.

M

he said a week , maybe to dramatize , could have been 10-12 days,  and at that time you couldn't say that there was hashing "power" , the few who tried this weren't keeping their computer on 24 hours except for a few.
Still , it is possible.

Let's call two weeks. That would still mean he produced 7.44% of all the bitcoins produced in that time. That means that he would likely been  among the first dozen or so early adopters. Let's say that he was among the first 100 adopters. It's not impossible, but I do not find it credible.

M

[niothor]

I'm just trying to work this out ....

He's supposed to have had 7500 coins and he mined them in a week on his laptop back in 2009.  At one block every 10 minutes each generating 50 coins that's 300 coins an hour, 7200 coins a day and 50400 per week. 7500 of 50400 is 14.88%.  Now maybe I'm being dumb and I've made some stupid mistake but if I haven't it does not seem credible to me that he had about 15% of the hashing power mining bitcoins back in 2009.

M

he said a week , maybe to dramatize , could have been 10-12 days,  and at that time you couldn't say that there was hashing "power" , the few who tried this weren't keeping their computer on 24 hours except for a few.
Still , it is possible.

Let's call two weeks. That would still mean he produced 7.44% of all the bitcoins produced in that time. That means that he would likely been  among the first dozen or so early adopters. Let's say that he was among the first 100 adopters. It's not impossible, but I do not find it credible.

M

Well , I don't either but it is possible.
The easy way to find out the truth is to find the drive or to have him under the polygraph.

[mintz]

Well , I don't either but it is possible.
The easy way to find out the truth is to find the drive or to have him under the polygraph.

The polygraph doesn't work - http://rationalwiki.org/wiki/Polygraph. How hard would it be to find the unspent coins on the blockchain?

[niothor]

Well , I don't either but it is possible.
The easy way to find out the truth is to find the drive or to have him under the polygraph.

The polygraph doesn't work - http://rationalwiki.org/wiki/Polygraph. How hard would it be to find the unspent coins on the blockchain?

Not hard , we have the time frame and you just have to go through the blocks in that period. But most of them haven't move so they could be his or Satoshis ones.

[hilariousandco]

Well , I don't either but it is possible.
The easy way to find out the truth is to find the drive or to have him under the polygraph.

The polygraph doesn't work - http://rationalwiki.org/wiki/Polygraph. How hard would it be to find the unspent coins on the blockchain?

Yeah, you not seen Homeland?

[qwerty555]

Maybe he had 8,000 not 7,500

http://bitcoinrichlist.com/top500

118    $ 9,040,000.00    8,000.00000000    198aMn6ZYAczwrE5NvNTUMyJ5qkfy4g3Hi    Apr 26, 2009 9:18:39 PM -0800
119    $ 8,973,397.80    7,941.06000000    15Z5YJaaNSxeynvr6uW6jQZLwq3n1Hu6RX    May 4, 2010 11:37:07 PM -0800
120    $ 8,939,554.30    7,911.11000000    13uraL1Maba7obbhkdB4pjsqMyvqrcTeeD    Feb 26, 2011 11:19:06 PM -0800
121    $ 8,845,840.11    7,828.17708947    1KZuArAUDvjgywt127dPKMdJzzA8bSkGrq    Aug 13, 2013 4:14:50 AM -0800
122    $ 8,829,006.40    7,813.28000000    14WTJwqfcSHKiswb49ytQktWKbx1bqTXLR    Aug 25, 2013 3:41:10 AM -0800
123    $ 8,788,888.89    7,777.77777778    13Mu4HhLD4YWPbji62HPLj3p1S54ZVzkvT    Aug 20, 2013 6:12:55 AM -0800
124    $ 8,701,000.00    7,700.00000000    1FLFnbN7m5psLfvLEwYfRUUjJ34YkmV3dM    Oct 9, 2013 10:21:53 AM -0800
125    $ 8,654,783.00    7,659.10000000    1e6AzmPF35S3JTE8QMXD3k7oczJ7QgCSa    Jun 19, 2011 9:01:48 PM -0800
126    $ 8,524,380.21    7,543.69930000    154Fc9uwKrpNjqdv413En9cK1VN8PwUqfW    Nov 28, 2013 12:34:50 AM -0800
127    $ 8,476,255.32    7,501.11090000    1LDipoYVWA7UsFzWrrcXUGLnsXWuYaJB9f    Nov 8, 2013 12:44:27 PM -0800
128    $ 8,475,000.00    7,500.00000000    189ivm7yVJrktRWE7KwcxrU27U3SMCh6mp    Nov 23, 2013 6:19:43 AM -0800
129    $ 8,045,600.00    7,120.00000001    1AJFV9jkMZNfv1YMLhWKAFpHDxjaskgaYK    Nov 8, 2013 1:56:05 AM -0800
130    $ 8,032,556.91    7,108.45744205    1FfdcppWbJ7FeQFznsjdLYNXdwMdoiTGSA    Oct 3, 2013 3:33:10 AM -0800

Using the address, if he can remember where his wallet was held , e.g bolckchain/ coinbase etc. he may be able to start an action to prove that it was his and recover them. Is that possible?

[mintz]

That address mined for about 2 months, not a week. See http://bitcoinrichlist.com/address/198aMn6ZYAczwrE5NvNTUMyJ5qkfy4g3Hi?charttype=balance It is possible that as he is trying to recall events from four years ago that he has simply forgotten how long he mined for and the exact number of coins. I think that's quite possible and so either this is him or perhaps he had something nearer 750 and not 7500 coins, and has misreported it, or of course he could just be a publicity seeker and the whole story is a hoax.

M