News Item Detail
Title
How WIRED lost $100,000 in Bitcoin
Short Title
How WIRED lost $100,000 in Bitcoin
Link
http://rss.slashdot.org/~r/Slashdot/slashdot/~3/qhAgS8M05GY/how-wired-lost-...
Category
bitcoin
GUID
https://it.slashdot.org/story/18/05/29/0643233/how-wired-lost-100000-in-bit...
Publication Date
5/22/2018 8:20 AM
Date Scanned
5/22/2018 6:32 PM
Feed
Slashdot
Description
An anonymous reader writes: Back in 2013, the halcyon days of at-home Bitcoin mining, staffers in the WIRED San Francisco office turned on one of Butterfly Labs' mining machines and let it whir away, amassing a horde of 13 bitcoins -- now worth $100,000. But today we have nothing to show for our efforts. What happened to our loot? The same thing that has happened to millions of other unfortunate miners, actually: We lost our private key, a 64-digit string of random numbers that not one of us remembers. And we've got basically no chance of recovering it: "Originally I was going to say that the closest metaphor I have is that we dropped a car key somewhere in the Atlantic," says Stefan Antonowicz, WIRED's then-head of engineering. "But I think it's closer for me to say we dropped the key somewhere between here and the Alpha Centauri."
Read more of this story
at Slashdot.