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 time the last bitcoin has been mined.
“The approximately 2,700 burned bitcoins won’t probably have a huge impact on Bitcoin’s future, but if bitcoin is ever the primary currency used by the world, those 2,700 bitcoins would probably have been worth billions of dollars,” Jonathan Saewitz, founder of btcburns.cf, told me.
BTCburns.cf compiles provably burned bitcoins only, “meaning that it must be clear that it would be extremely unrealistic for the address to be generated, either naturally or through brute