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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 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 lets you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It is a great option for paying BitPay invoices because 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 Bitcoin Cash in your wallet yet, you'll need to purchase some.Exchanges are available all over the planet, allowing users to convert any currency into and out of Bitcoin and Bitcoin Cash.

To utilize your Bitcoin or Bitcoin Cash, draw your Bitcoin or Bitcoin Cash from the exchange to a Payment Protocol compatible wallet before attempting to spend it. Create a payment3Making a blockchain payment is quick, convenient, and extremely secure.To create 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 period of time. Do not send payments to perished 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 own 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 here. 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 pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner fees will be the cost your wallet pays to get the computing power which confirms a knockout post transactions on the Bitcoin and Bitcoin Cash networks.

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These fees 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 Cost fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission cost of BitPay's transaction sweep to your 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 Bitcoin Cash. If this link you'd like a refund or need help in getting your purchase for an effective payment, please contact the merchant directly.

Remember you will need to supply your BitPay invoice URL or your order ID for the merchant to assist you. Merchant refund policies differ, therefore 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 set upeasier to mine in the beginning, harder to mine since more bitcoins are generated. Over the past few 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 case mining.New quicker hardware is being created by various mining start-ups at a rapid rate and the price 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 see page pools. Pools are a collective group of bitcoin miners from around the world who literally pool their computer power with each other to mine. Popular sites such as Slush's Pool allow small-time miners to receive percentages of bitcoins when they include their personal computer ability to the group. .

The faster your computer can mine and the more energy it is contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool sites are unregulated and the operator of the poolwho receives all of the coins minedis under no legal 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 could earn a couple of dollars each day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the website cryptojunky.com.