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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 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 will need a Bitcoin or Bitcoin Cash wallet an program which allows you receive, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It's 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 Bitcoin Cash into your spending wallet2 If you don't have Bitcoin or Bitcoin Cash in your pocket still, you'll need to buy some.Exchanges are accessible all around the planet, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

To utilize your Bitcoin or Bitcoin Cash, draw your Bitcoin or Bitcoin Cash from the exchange to your Payment Protocol compatible wallet before attempting to spend it. Make a payment3Making a blockchain payment is quick, convenient, and incredibly secure.To create a payment, you won't need to enter any sensitive card information.

Remember to send your payment during the 15-minute payment window. BitPay only guarantees the fixed BTC or BCH price for this time period. Do not send payments to expired invoices.There are a number of ways to cover a BitPay invoice from your wallet.Scan 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 are using to view the invoice, you can open the payment in your pocket by tapping . Confirm everything is right, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL in the invoice and glue it in your wallet's"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees are the cost 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 Price FeeThe Network Cost commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission 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 even Bitcoin Cash. If you would prefer a refund or need help in getting your order for 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 vary, therefore please contact the merchant to go over 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 set upeasier to mine read in the beginning, tougher to mine as more bitcoins are generated. Over the past couple of decades, miners have had to move on to faster hardware in order to 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 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 set of bitcoin miners from around the globe who literally pool their computer power together to mine. Popular sites such as Slush's Pool allow small-time miners to get percentages of bitcoins when they include their computer power to the group. .

The faster your computer can mine and also the more power it's contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like wallets, pool websites are unregulated and the operator 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 more hardware. USB ASIC minerswhich plug into any standard USB portcost as small as $20. "For a few hundred dollars you could make a couple of dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this site cryptojunky.com.