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

We recommend the open source BitPay bitcoin wallet program. It is a fantastic option for paying BitPay invoices because it dynamically calculates sufficient miner fees. It's also secure and simple to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 in case 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 out of Bitcoin and Bitcoin Cash.

To utilize your Bitcoin or Bitcoin Cash, withdraw your Bitcoin or Bitcoin Cash in 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.

Remember 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 into expired invoices.There are a number of ways to pay a BitPay invoice from the 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're using to view the invoice, you can open the payment in your wallet by tapping here. Confirm everything is correct, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and paste it in your wallet's"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges will be the price your wallet pays to get 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 Price FeeThe Network Cost fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee cost of BitPay's transaction sweep for your payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay provides tools and reporting for merchants to look at successful payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you would like a refund or need assistance in getting your purchase to get a successful payment, please contact the merchant these details directly.

Bear in mind that you will need to provide your BitPay invoice URL or your order ID for the merchant to assist you. Merchant refund policies vary, therefore please contact the merchant to go over refund options. .

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When mining began, regular off-the-shelf PCs were quickly enough to generate bitcoins. That's how the system was set upeasier to mine in the beginning, harder to mine as more bitcoins are generated. Throughout 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 various mining start-ups at a quick speed and the price tag for a full mining rigcapable of discovering new bitcoins on its own owncurrently prices in the ballpark of $12,000. .

There is a way around this kind of hefty investment: joining mining pools. Pools are a collective set of bitcoin miners from around the world useful reference who literally pool their own personal computer power together to mine. Popular sites such as Slush's Pool allow small-time miners to get percentages of bitcoins when they include their personal computer power to the group. .

The faster your computer can mine and the more power it's 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 legal 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 small as $20. "For a couple hundred dollars you can earn a few dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this site cryptojunky.com.