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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 don't need an account.Watch our manual below to learn how to begin with blockchain payments to BitPay merchants.Get that a wallet1 First you will need a Bitcoin or Bitcoin Cash wallet an app that allows you receive, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It is a great option for paying BitPay invoices since it dynamically computes sufficient miner fees. It's also secure and easy to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 If you don't yet have Bitcoin or even Bitcoin Cash in your pocket still, you will need to purchase some.Exchanges are accessible all over the world, allowing users to convert any currency into and out of Bitcoin and Bitcoin Cash.

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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 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 cost for this time period. Do not send payments to expired invoices.There are several strategies to pay 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're using to see the invoice, you can open the payment in your pocket by tapping . Confirm everything is correct, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and glue it in your pocket"Send" screen, check your payment Discover More information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees are the cost 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 higher or lower depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Cost FeeThe Network Price fee 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 price. Refunds & Order TroubleshootingBitPay supplies tools and reporting for merchants to look at successful payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you'd like a refund or need assistance in getting your purchase for a successful payment, please contact the merchant directly.

Bear in mind you will need to supply your BitPay invoice URL or your order ID for the merchant to aid 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 since more bitcoins are generated. Over the past couple of years, 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 particular taskin this case mining.New faster hardware is being created by different mining start-ups at a quick rate and the price for a complete mining rigcapable of discovering new bitcoins on its owncurrently costs in the ballpark of $12,000. .

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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 websites such as 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 also the more power it is contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like wallets, pool sites are unregulated and the operator 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 cheaper hardware. USB ASIC minerswhich plug into any standard USB portcost as small as $20. "For a few hundred bucks you can 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.

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