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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 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'll need a Bitcoin or Bitcoin Cash wallet an program that allows you get, 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 because it dynamically calculates sufficient miner fees. Additionally, it is secure and simple to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 in case you don't yet have Bitcoin or Bitcoin Cash in your wallet still, you will need to purchase some.Exchanges are accessible all over the world, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

To use 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 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 the fixed BTC or BCH cost for this period of time. Do not send payments to expired invoices.There are several 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 own 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 wallet by tapping here. Confirm everything is right, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and glue it in your pocket"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges 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 Price FeeThe Network Cost commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission price 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 look at successful payments and read here manage their own refunds in Bitcoin or Bitcoin Cash. If you'd like a refund or need assistance in getting your purchase for a successful payment, please see page contact the merchant directly.

Remember you will need to provide your BitPay invoice URL or your order ID for the 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, regular off-the-shelf PCs were fast enough to generate bitcoins. That's how the system was put upeasier to mine in the beginning, harder to mine since more bitcoins are generated. Throughout the past couple of decades, 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 specific taskin this instance mining.New faster hardware is being made by different mining start-ups at a rapid speed and the price tag for a full mining rigcapable of discovering new bitcoins on its owncurrently prices in the ballpark of $12,000. .

There is 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 personal computer power together to mine. Popular websites including Slush's Pool allow small-time miners to get Homepage percentages of bitcoins when they add their computer power to the group. .

The faster your computer can mine and 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 pockets, pool websites are unregulated and the owner of the 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 cheaper hardware. USB ASIC minerswhich plug into any standard USB portcost as small as $20. "For a few hundred dollars you can make a few dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the site cryptojunky.com.