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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 manual below to learn how to begin with blockchain payments to BitPay merchants.Get a wallet1 First you'll need a Bitcoin or Bitcoin Cash wallet an program that lets you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It is a great option for paying BitPay invoices since it dynamically calculates sufficient miner fees. Additionally, it is secure and easy to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 If you don't have Bitcoin or Bitcoin Cash in your wallet yet, 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.

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To utilize your Bitcoin or Bitcoin Cash, draw your Bitcoin or Bitcoin Cash in the exchange to your Payment Protocol compatible pocket prior to attempting to spend it. Create a payment3Making that 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 cost for this period of time. Do not send payments to expired invoices.There are a number of ways 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 pocket 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 paste it in your wallet's"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges will be the get more cost 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 Bitcoin Cash miner commission cost of BitPay's transaction sweep to the payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay provides tools and reporting to allow merchants to look at successful payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you'd prefer a refund or need help in getting your next order to get a successful payment, please contact the merchant directly.

Bear in mind you will need to provide your BitPay invoice URL or your order ID for your 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, routine off-the-shelf PCs were fast enough to generate bitcoins. That is the way the system was set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Over the past couple of years, 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 particular taskin this instance mining.New faster hardware is being created by different mining start-ups at a quick speed and the price tag for a full mining rigcapable of discovering new bitcoins on its owncurrently prices in the ballpark of $12,000. .

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There's a way around such a my response hefty investment: joining mining pools. Pools are a collective set of bitcoin miners from around the world 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 add their computer power to the group. .

The faster your computer can mine and also 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 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 cheaper hardware. USB ASIC minerswhich plug into any standard USB portcost as small as $20. "For a couple 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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