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Dec 19, 2017 Earlier this month, for example, one cryptocurrency-mining service said hackers had taken $80 million in bitcoin. They cut up printouts of their private keys into pieces and then distributed them in envelopes to safe deposit boxes around the country, so if one envelope were stolen the thief would not have 

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It's called that because every 10 minutes, on average, a Bitcoin miner wins a computational race and gets a prize. Currently, that reward is 25 bitcoins, A third option is what's known as a "paper wallet," where you print out your encryption keys and store them in a safe place, such as a safe deposit box. Each has risks.