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

We recommend the open source BitPay bitcoin wallet app. It's a great option for paying BitPay invoices since it dynamically calculates sufficient miner fees. Additionally, it is 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 will need to purchase some.Exchanges are accessible all around the world, 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. Create a payment3Making 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 period of time. Do not send payments into perished invoices.There are a number of strategies to pay 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 own wallet.

Then make the payment. Open in WalletBIf your wallet is on the device you are using to see the invoice, you can open the payment in your pocket by tapping . Confirm everything is correct, 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 details, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner fees are the price your wallet pays for the 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 Cost fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee price of BitPay's transaction sweep for the payment.

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

Remember that you will need to provide your BitPay invoice URL or your order ID for your 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 quickly enough to generate bitcoins. That's the way the system was set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Over the last couple of years, miners have had 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 particular taskin this case mining.New faster hardware is being created by various mining start-ups at a quick rate and the price for a complete mining rigcapable of discovering new bitcoins on its own 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 world who literally pool their own personal computer power together to mine. Popular sites including Slush's Pool allow small-time miners to get percentages of bitcoins when they add their personal computer power to the group. .

The faster your computer can mine and the more power it is contributing to the pool, the bigger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like wallets, pool sites are unregulated and the owner of this poolwho receives all of the coins minedis under no lawful 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 little as $20. "For a few hundred bucks you can make a couple of dollars a day," according read more to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the website cryptojunky.com.