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Bitcoin and Bitcoin Cash are protected currencies for 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 begin using blockchain payments to BitPay merchants.Get a wallet1 First you will need a Bitcoin or Bitcoin Cash wallet an app which allows you get, hold, and spend Bitcoin or 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 even Bitcoin Cash in your wallet yet, you'll need to purchase some.Exchanges are available all around the planet, 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. Create a payment3Making a blockchain payment is fast, convenient, and incredibly 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 price for this time period. Do not send payments to expired invoices.There are several ways to cover a BitPay invoice from your wallet.Scan 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 are using to view the invoice, you can open the payment in your wallet 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 wallet's"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees are the price your wallet pays to get your computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These charges can be higher or lower 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 published here Bitcoin Cash miner commission cost of BitPay's transaction sweep to the payment.

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

Bear in mind that you will need to provide your BitPay invoice URL or your order ID for your merchant to assist 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 the way the system was put upeasier to mine in the beginning, harder to mine as more bitcoins are generated. Throughout the last couple of years, 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 faster hardware is being made by different mining start-ups at a rapid speed and the price for a full mining rigcapable of discovering new bitcoins on its owncurrently prices in the ballpark of $12,000. .

There's a way around such a hefty investment: joining mining pools. Pools are a collective set of bitcoin miners from around the world who literally pool their own computer power with each other to mine. Popular sites such as Slush's Pool allow small-time miners to go to website get 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 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 of the coins minedis under no lawful obligation to provide 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 dollars you could 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.