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$250 MILLION of Bitcoin lost, an ETF could have prevented this!
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- Опубліковано 23 лип 2022
- It's a nightmarish situation - you mine some Bitcoin onto a hard drive when it's worth pennies, forget about the hard drive, end up accidentally throwing out the hard drive, and then realising that values of crypto have taken off since then and you've thrown away a quarter of a billion dollars! Richard Hammond met up with James, a crypto miner from Wales, who has lost out big time, but is putting together a serious plan to rescue his Bitcoin fortune.
With the approval of Bitcoin ETFs, it's widely anticipated that Bitcoin's price will soar past $100k. I feel compelled to capitalize on this opportunity immediately. I'm eager to invest my $500k in cash savings, which are currently losing value due to inflation. However, I'm concerned: is it too late to maximize profits at this point?
If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?
There are many financial coaches who excel in their profession, but for the time being, I employ Sharon Marissa Wolfe because I adore her methods. You can make research and find out more
I just checked her out and I have sent her an email. I hope she gets back to me soon
Richard does stuff like this so well. Glad the team are going into different areas and doing new stuff, better than most stuff on TV atm.👍
You watch TV?
@@jamesgazeley o
So James… what are you going to do with all the Bitcoin if you finally find it?
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.
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I’m going to HODL.
I threw away $10 accidentally once and that still bothers me
I accidentally tore a dollar bill almost in half a few days ago, and it hurt my heart.
@@kariak55 I accidentally dropped a penny into a drain hole
@@queen4334 you monster
@@kariak55 you know it doesn't matter if its in half its still usable or you can trade it in for another note i did it before with a 20
I accidentally threw a pack of ready salted crisp in the bin instead of a chocolate wrapper. It still bothers me
This story has been told over and over, but never has anyone done so in such great detail or actually involved the guy in question.
My respect to Richard Hammond and everyone else who was involved in the making of this video!
Best of luck to him tbh, sounds like he's got a solid plan and it's in the interest of a lot of people that he succeeds now.
yeah allot of vultures too
when that amount on money, people are going to be willing to commit horrendous crime in order to get it, i wouldn't be surprised if he was found dead
If perseverance was a person, it would be this guy
U mean obsession lol
👾👾
I was homeless.....now ima truckdriver
my life wont ever make THAT much money but pulling yourself up is a genuine feeling
So you're still homeless?
Congratulations. Truck drivers are a vital backbone of society! Without you, everything from Amazon down collapses!
@@calebfuller4713amazon is the least important business related to semi truck delivery.
Richard is a ledgend. A proper journalist. Reminds me of louis theroux. He’s just genuinely interested in the stories and follows along and gets fully involved. I can imagine him putting on his gloves and actually searching the dump to help the guy.
An interesting video from Hammond and his team. I'm starting to like this channel. Well done chaps.
I love this! Richard is a excellent presenter on whatever topic he covers
Not something I expected hammond to be doing tbh, but I'm all for it. I think like many people here, the trio could do literally anything and I would be interested in it, the way they speak, articulate their words and quick laughs, makes any point of conversation interesting.
It's like searching for a ̶n̶e̶e̶d̶l̶e̶ ̶i̶n̶ ̶a̶ ̶h̶a̶y̶s̶t̶a̶c̶k̶ harddrive in a landfill.
It would be a bit cruel if, when he finally finds the drive, the value dropped to about 20p..
Nah that would be horrific
Or it was water damaged
I was also involved in bitcoin very early on. However I withdrew my balance as I didn't think it was going anywhere. I had forgotten all about it until I checked my account many years later. The 3 pence I had left in my account had turned into £460. Not joking. I hated myself for a while. Now I don't live my live with any regrets.
This geezer put together his own justice league
Hammond's curiosity and compassion really brings a wonderful resonance to this oft told tale.
That was interesting, hoping to see more content of this caliber on this channel.
And it reminded me of my own bitcoin encounter in the early days of it, where I dabbled into mining it, saw how awful slow it is after an unknown fraction of a full bitcoin and gave it up. He went way further and still has nothing to show for at this point - but I wish him luck in recovering his wealth!
Now, please excuse me while I go to the basement and dig up some old harddrives, there may be some small change left somewhere... 😅
I do hope he gets it back and it all works out for him, cant imagine what that must feel like to have that much money just sitting in a landfill and not being able to get it.
Well we know for certain it's enough to not be able to stop trying to get it back for 9 years.
@@CockatooDude the man's a fool. There is no value in Bitcoin. He needs to move on with his life and do something valuable. His talk of distributing Bitcoin to the town and turning Newport into a "crypto mecca" is incredibly foolish and potentially fraudulent.
@@richardharrold9736 Nice try, Mr. Rockafeller.
You can see the toll it has taken on him.
@@shawn-zx9xt he should just have moved on instead of spending a decade chasing a mirage.
That's 500 Million Dollars right now
I really hope he gets it. That would just be an incredible story
Yeah it easy to recover your bitcoin
It's an interesting story, but he's operating off of a LOT of assumptions: It is in a recoverable condition; It is capable of being positively identified; It hasn't been scavenged already; The city could actually make use of the data on it. The man is basically hoping to win the lottery a second time.
Also the assumption that if that hard drive was sat in his drawer, that he wouldn't have sold them when they were worth maybe £1k.
Exactly. I cant help but think if it was me.. Would i take the risk, knowing that if i fail, i will in the end have spend countless years and money of my life. And would i ever want to give up trying to find it. If yes, then i would have wasted ALOT of my life, and if no, then i might forever be known as the dude who spent his whole life trying to find a harddrive.
Tough to think about. I dont know what i would have done. But that guy must be VERY certain about his case.
If you have a hundred thousand funds in your name, you're literally invincible because nobody can touch your funds
Best of luck to James! This is a fascinating and frustrating story, I hope the plan comes together! Loving this channel with Hammond and May, hoping to see Clarkson too! will watch anything those three present :)
I remember hearing about this on the news. Very interesting. Best of luck to him. Great job to Mr. Hammond and the crew.
And then you remember that Hammond is actually a great presenter !
I hope he's able to find the hard drive and, help the town out. It's a great suggestion that, the whole world was there when it went wrong, the whole world should be there, when it finally goes right. Best wishes, from AMERICA.
So impressive that James is persisting and not only that but has gathered this amazing team and plan and vibe despite this unfortunate accident.
I would love another interview with him after he's found it and the bitcoins have been recovered.
Well finding it is one thing. Rot and rain would have ruined his hard drive years ago.
@@pneron2032 the data recovery expert says there is a high chance of recovery - he claims to have recovered data from hard drives fallen into the sea and from plane crashes.
@@bigwizard807 Who? (I didn't watch the entire video) He's hoping for a massive payout. This thing is never going to get found.
@@pneron2032 he has a whole team of experts - an AI company for detection, landfill people for excavation, and a data recovery person if they eventually find it.
@Bigwizard just because he has those experts it does not mean that he will ever get back the hard drive. It's time to accept the loss and move on.
Hammond is better at presenting this sort of “outside the box” tv than Top Gear. His science/engineering shows are brilliant too
He’s the jack of all trades and less obnoxious than Jeremy Clarkson.
Just remember everyone he’s made a pledge.
Doesn’t mean it’s a donation lol
He cant donate what he doesnt have, so its a pledge to donate in case he gets it. Sounds legit enough.
@@Ganiscol yes absolutely correct! What you said was absolutely sound, legit, honest and smart!!!
I couldn’t agree with you more!!!
If only there’s other people in the world that would agree with us! 🤣
His dog ate a bee
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
@Hassan muhammad Bogobiri You're right
But I don't know why people remain poor due to ignorance
@@edithgicquel7104 Speaking of investing, I know I am blessed if not I wouldn't have met someone who is as spectacular as Mr Aitor Lorenzo
He made profits of over $67,000 U.S dollar
@@alicemorgan3259 wow!! you know him too?
As an information hoarder (as I call myself) I find it unbelievable that he didn’t triple check his hard drives before tossing them.
Yep. Drives are so small now anyway so I just keep all my old ones.
Because he is slack and dilatory by nature ? This is a. Man who says “ a use me in just going to change into business attire “ to Richard , and for the biggest meeting of his life appears in a short sleeved polo shirt. If you’re under 40 say you won’t get the significance of that of course.
He was the biggest idiot known to man - the story will never die !
@@serenityinside1 A prototype loser
@@serenityinside1why are you so bitter who hurt you?
Resilience personified
This is brilliant. I followed this story from the beginning and it's great to see you cover it. really enjoying the diversified content, keep up the great work.
I really hope that he finds it, it will a modern day treasure hunt!
If you gave the people of Newport a load of money, they’d probably just do the sensible thing and move
5:15 the Newport landfill specialist looks exactly how you would expect him to look
Really enjoyed this video, getting to know unique and stories in a more personal way makes this super interesting, can't wait to know of they find it
Also worth a note is here is the value of the forked chain coins. his Bitcoin Cash (BCH) balance is also worth ~$1 million alone.
Fascinating. I'll definitely be following this story.
This guy said in a different interview he threw away his laptop away but thought he backed everything up on his new computer, but on this interview he says he threw his wrong hard drive away 🤔
9 years of waste? That is a massive amount of cubic trash.
I wish this guy the best of success.
That drive, even if found, is beyond saving. Crushed and 9 years in a landfill...
If the drive is still intact then all the data on it is recverable.
@@AdamKyleAnderson you think that after 9 years buried, there has been no water ingress?
@@guywithjeep Very unlikely. Even if so HDD platters store information magnetically and can be cleaned and data restored. The Verge have done a few articles on recovering HDD's that have been water " damaged "
@@AdamKyleAnderson lol, the verge.
@@AdamKyleAnderson huge difference between a drive that recently was water damaged and a 9 year's in the dump water damaged drive.
Love this! Hammond is a perfect presenter - and I really hope the council see the worth in them agreeing to the rescue mission !
Council makes that money in a day in taxes from kingdom slaves
Are we going to get updates? i.e. the council's decision? what deal was struck? what is the likelihood of the hard drive being recoverable? do they know that the drive is definatley at that site? how long are they prepared to dig with no results? and who pays for all the work done if they come up empty?
Spoiler alert: the council is going to say no. Again.
@@lee-r56 What makes you think they'll say no? Do you know the reason why they said no before? If so, could you tell us? Also, do you think that they'll say no for the same reason whatever that may be? Do you live local, and know a bit about the Council? Or do you want to stay anonymous?
A lot of those questions were answered in the video.
There is absolutely no way the council will ever say yes to this, 0% chance. His only chance is to take them to court and claim they have put an embargo on his hard drive and therefore his funds.
@@abucketofelves No! many questions were glossed over, take the question "what if it is waterlogged?" he said the drive would be protected by the plastic bag!
The bag at that time would have been bio-degradable and after 9 years, it would be in ribbons by now, to my mind they have not thought this through at all.
I do hope he'll get the hard drive back. BTW you should film the search. I would totally watch that.
He took mining bitcoin to another level
i hope this guy finds it one day that would be dope
You'll definitely find it pal its not a case of if but when . genuine chap
I really love how diverse the content got with the rebrand. Really keeps the channel interesting
This is ultimately about the intersection between hard probabilities and the psychology of hope. In this case, the near certainty is that this object is lost forever (probably destroyed long ago). If the hope was truly connected to the probability, then this person would have been able to move on long ago, regretfully but rationally.
However, because of the size of the potential reward, the probability has been ignored, so hope has mutated into obsession. Obsession often leads to the most fatally dangerous human demon of all: despair. Despair is the most destructive state of mind of them all. It leads to...well, I won't say what it leads to here because it's too horrible for most people to contemplate.
Let it go.
Smart!
If successful, it will be close to a miracle. Wish this gentleman all the luck.
Well, he was sloppy and he still is. Leaving his computer unlocked in front of strangers (4:08), that's the first thing you should learn not to do.
Man i really really hope they can come together and find that drive
By the time he finds it his bitcoin will be worth about 100 bucks....lol
If only you knew, never mind.
By the time he finds the 8000 Bitcoin, it will be worth... 8000 Bitcoin
Had a lol when at the end of the video, you see the pop up for *check this out" and it's James May and weird sandwiches hahaha
i love richard man so versatile what a story
$500m now ..
was not expecting this.
I kinda miss when this channel was just James May locking his 20-something-year-old employees in his basement force-feeding them various sandwiches.
Agreed
Keep us in The loop on this. Would love to know if he finds it and if the data can be retrieved.🤞🏻
It would be quite a story if he gets it back. This story goes deeper into the crux of our system though, the amount of years this guy has put into this and the expertise involved just to recover something that is in real world terms worth nothing is crazy. He mined some bitcoin 9 years ago for a week was it? Society and our economic system is built to prioritise this kind of value rather than real world use value that will actually benefit society.
Its just like the other guy I think in the US; he encrypted his hard drive and forgot the password. He's at peace with it having 1 more password try before it fully locks itself knowing that money never was in his hands.
Welp best of luck to him
And it probably will erase all data , if it just locks data would be recoverable
Is there any update on this story?
Where I think this goes wrong, is up front offering everyone 50 quid. Those that don't care about the money don't need the offer of it. Those that do care about the money will say "why only that much?"
that was the most british intro ever
like how hammonds daily driver is a ford pickup he is a really down to earth chap
"his" coins? He threw away the harddrive. Once the trash company picked it up they now owned it. If he ever finds it, he will spend it all on legal fees.
Garbage is sorted. Metal items are separated and destined for remelting / recycling.
This HDD is not there because it does not exist anymore.
Oh I can't wait to see what happens next. Hope we get an update
My biggest concern if I were the city council, would be that less than a month ago there was a crypto crash which dropped the value of that hard drive down by nearly $70M USD. How much do they estimate the total cost of this endeavor to be? How much of it is already promised to other parties? How far would crypto have to crash before his partners pull out and leave the city with a very expensive mess to put right.
Yep, giving ppl bitcoin might sound nice but giving them real money would be more impressive.
I've read in an article it would be 17million euro. 11 for excavation and 6 for sorting
that city council better aint ruining it
I hope he finds it but the giant claw picking up the scrap metal is an electromagnet. In my mind, thats enough power to wipe the data off the drive.
The claw is hydraulic not magnetic.
You better be on site when it actually happens because you know that guy won't stop until it does.
Even if he finds the hard drive, there's no way that it's going to be preserved enough to extract the data.
hard drives have survived far worse and still been recoverable
Get richard and may to go on Beardmeatsfood podcast!
why ?
Keep us updated, please!
Always hope, check out the Atari ET cartridges. I know it was a bigger target, but it was a much bigger landfill and a lot more time between dumping and looking for them.
RICHARD HAMMOND 👏👏👏👏❤️❤️❤️❤️❤️
I can imagine a guy just finding it on the ground
i'm now invested in james' story! if this goes well, are we likely to see a follow up?
Anyone know if there's a follow-up video?
Great video
Really hope he finds this hard drive
They said the AI would scan for something the size and shape of a HDD, they also said the drive was in a plastic bag .....
3:00 why throw away both/either of them if they could've been so important? they're already incredibly small and not space consuming. poor fella made a dumb decision. I feel for him.
The guy who sold 10K Bitcoin for two large delivered pizzas doesn’t regret his trade.
it's quite similar but that guy could keep another 10k BTC for himself
I'd leave the bit about making a 'crypto mecca' out of your presentation to the council tbh.
What a cool guy.
richards in his element here, cheers guys
$567 MILLION today
Bitcoin is going to totally valueless anyway, in a few more months! 🤣
Someone doesn't understand it whatsoever...
he is worth over 400m now
If he threw it away then he gave up its ownership.
I'm curious what happened next? Does anyone know about it plz??
Great video !
We need a update on this guy! Thanks
if he told the people who run the dump he wanted to go looking for it 8 years ago and they told him he cant, as soon as he left you know they went out looking for it and if they found it there not going to say.
It's encrypted so very very difficult to unencrypt, even if they did it is linked to his account.
Even if you began looking the day after it landed at the dump, the chances are next to impossible, especially back then without AI machinery.
Now imagine a billion tons of trash on top of that, and the odds become laughable. He's wasting everyones time
@@EazyDuz18 or he never had all the bit coin and he made the whole thing up and he is trolling the uk. if i had 8000 bit coin on a hard drive you can bet i would hook it up and look at it before i tossed it......who throws away a hard drive any way? i have every single hard drive i ever had from now to back in the 90's
It's so reminiscent of efforts to recover sunken cargo, pledging gold and gems to the investors who help you raise up the sunken ship.
he's got that sick $5 mouse lol
What's ironic is that if it works out, he will probably be wealthier than if he didn't threw it away and cashed out asap.
Wow, you're smart!