Monday, September 21, 2015

Thousands of Bitcoins Have Been Lost Over Time

James Howells threw a hard drive with 7,500 bitcoins away. He had mined the coins back when they were worth very little.  He has yet to find his hard drive at the dump. Dump workers say he never will. Howell is not the first person - nor the last -  to lose bitcoins. According to the website btcburns.cf, 397 bitcoin addresses have burned  2,673.4075 bitcoins. There have been 15,617,100 bitcoins mined, meaning 0.018289588948355% of bitcoins created have been burned. Approximately 0.0002 are burned for each bitcoin mined. If this rate remains constant, 4,200 bitcoins will have been burned by the […]

The post Thousands of Bitcoins Have Been Lost Over Time appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

No comments:

Post a Comment