Where is the DayZ saved game file located?

I'm planning on formatting my hard drive and deal with all the hassle that comes with it. My one concern is, where is the saved game file for DayZ? Will I be able to transfer it to my fresh new install of Windows, or will I have to start a new character?

Your DayZ character is stored server-side and is linked to your CD-Key. As long as you are playing with the same CD-key, you will have access to your character.

To expand on OrigamiRobot:

The DayZ 'team' has what's called a 'Hive.' Think of this as a central database where everyone's character data is stored.. that is, your coordinates, your inventory, stats, everything.

The only thing that is local to you is your ARMA profile. For example: Player Name/Skin/Squad data.

You'll notice if you ever have joined a 'private' server that you have to start on the bean coast, this is because each private server has it's own local 'hive.'

Your dayz hive data is based on your CD-Key. If you were to buy Arma on a different steam account you could essentially have 2 DayZ characters.