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Bitcoin and Bitcoin Cash are protected currencies to the internet. You can pay without handing out sensitive financial information, and you also don't need an account.Watch our guide below to learn how to get started with blockchain payments to BitPay merchants.Get a wallet1 First you'll need a Bitcoin or Bitcoin Cash wallet an program which lets you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It is a fantastic option for paying BitPay invoices because it dynamically computes sufficient miner fees. It's also secure and simple to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 If you don't yet have Bitcoin or Bitcoin Cash in your wallet still, you will need to purchase some.Exchanges are accessible all around the world, allowing users to convert any currency into and out of Bitcoin and Bitcoin Cash.

To use your Bitcoin or Bitcoin Cash, withdraw your Bitcoin or Bitcoin Cash in the exchange to your Payment Protocol compatible wallet before attempting to spend it. Create a payment3Making that a blockchain payment is quick, convenient, and extremely secure.To make a payment, you won't need to enter any sensitive card information.

Don't forget to send your payment during the 15-minute payment window. BitPay only guarantees the fixed BTC or BCH cost for this time period. Do not send payments into perished invoices.There are several strategies to pay a BitPay invoice from your wallet.Scan that the QR CodeAIf your wallet is on a different mobile device, you can scan this code to open the payment in your wallet.

Then make the payment. Open in WalletBIf your wallet is on the device you're using to see the invoice, you can open the payment in your pocket by tapping . Confirm everything is correct, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL in the invoice and glue it in your pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner charges will be the price your wallet pays for your computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These charges can be lower or higher depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Cost FeeThe Network Price fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission cost of BitPay's transaction sweep for the payment.

Learn more about the reasons for this price. Refunds & Order TroubleshootingBitPay supplies tools and reporting for merchants to view successful payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you would prefer a refund or need assistance in getting your purchase to get a successful payment, please contact the merchant directly.

Remember that you will need to supply your BitPay invoice URL or your order ID for the merchant to aid you. Merchant refund policies differ, so please contact the merchant to go over refund options. .

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When mining began, routine off-the-shelf PCs were fast enough to generate bitcoins. That is how the system was set upeasier to mine in the beginning, tougher to mine as more bitcoins are generated. Over the last few decades, miners have needed to move on to faster hardware in order to keep generating new bitcoins.

Programmer language aside, all this means is that the hardware is designed for one specific taskin this instance mining.New faster hardware is being made by different mining start-ups at a rapid speed and the price for a complete mining rigcapable of discovering new bitcoins on its owncurrently costs in the ballpark of $12,000. .

There's a way around such a hefty investment: joining mining pools. Pools are a collective group of bitcoin miners from around the globe who literally pool their own personal computer power with each other to mine. Popular sites such as Slush's Pool allow small-time miners to receive percentages of bitcoins when they include their computer ability to the group. .

The faster your computer can mine and the more energy it's contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool sites are unregulated and the operator of the poolwho receives all the coins minedis under no legal obligation to provide everyone their cut. .

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Joining a pool means straight from the source you can also use more hardware. USB ASIC minerswhich plug into any standard USB portcost as little as $20. "For a couple hundred dollars you could earn a few dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the site cryptojunky.com.