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

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

To utilize your Bitcoin or Bitcoin Cash, withdraw your Bitcoin or Bitcoin Cash from the exchange to a Payment Protocol compatible pocket prior to attempting to spend it. Make a payment3Making that a blockchain payment is fast, convenient, and incredibly secure.To create 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 price for this period of time. Do not send payments to expired 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 own wallet.

Then make the payment. Open in WalletBIf your wallet is on the device you're using to view the invoice, you can open the payment in your pocket by tapping . Confirm everything is right, 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 Fees Miner fees will be the cost your wallet pays for your computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These fees 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 Cost commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee cost of BitPay's transaction sweep for your payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay provides tools and reporting for merchants to look at successful payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you would prefer a refund or need assistance in getting your purchase to get an effective 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 assist you. Merchant refund policies differ, therefore please contact the merchant to discuss refund options. .

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When mining began, regular off-the-shelf PCs were quickly enough to generate bitcoins. That's the way the system was put 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 case mining.New faster hardware is being made by different mining start-ups at a quick speed and the price tag for a full mining rigcapable of discovering new bitcoins on its owncurrently costs in the ballpark of $12,000. .

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

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

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