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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 guide 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 app which lets you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It is a great option for paying BitPay invoices because it dynamically computes sufficient miner fees. It's also secure and simple to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 in case you don't have Bitcoin or even Bitcoin Cash in your wallet still, you'll need to buy some.Exchanges are accessible all around the planet, 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 pocket prior to attempting to spend it. Make a payment3Making that a blockchain payment is fast, 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 that the fixed BTC or BCH cost for this time period. Do not send payments to perished invoices.There are a number of strategies to pay a BitPay invoice from the wallet.Scan that the QR CodeAIf your wallet is on a different cellular 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 view the invoice, you can open the payment in your pocket by tapping here. Confirm everything is correct, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and paste it in your pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges will be the price your wallet pays to get the 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 Price FeeThe Network Cost fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission Get More Information price of BitPay's transaction sweep for your payment.

Learn more about the reasons for this price. Refunds & Order TroubleshootingBitPay provides tools and reporting to allow merchants to look at profitable 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 for a successful payment, please contact the merchant directly.

Remember you will need to supply your BitPay invoice URL or your order ID for your merchant to assist you. Merchant refund policies differ, so 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 is how the system was set upeasier to mine in the beginning, tougher to mine as more bitcoins are generated. Throughout the last couple of decades, miners have had to move on to faster hardware in order to see this keep generating new bitcoins.

Programmer language apart, all this means is that the hardware is designed for one particular taskin this instance mining.New quicker hardware is being made by various mining start-ups at a rapid rate and the price tag for a complete mining rigcapable of discovering new bitcoins on its own owncurrently prices in the ballpark of $12,000. .

There is a way around this kind of hefty investment: joining mining pools. Pools are a collective group of bitcoin miners from around the globe who literally pool their 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 add their personal computer ability to the group. .

The faster your computer can mine and also the more power 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 owner of this poolwho receives all the coins minedis under no legal obligation to give everyone their cut. .

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