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

We recommend the open source BitPay bitcoin wallet program. It's 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 in case you don't have Bitcoin or Bitcoin Cash in your pocket yet, you'll need to purchase some.Exchanges are accessible all around 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 your Payment Protocol compatible pocket prior to attempting to spend it. Make a payment3Making that a blockchain payment is quick, convenient, and extremely 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 time period. Do not send payments to perished invoices.There are several 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 are using to see the invoice, you can open the payment in your wallet by tapping here. Confirm everything is correct, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL in the invoice and paste it in your pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees are the cost your wallet pays to get the computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These fees 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 Price commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee cost of BitPay's transaction sweep to the 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 help in getting your order for an effective payment, please contact the merchant 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, so 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 how the system was set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Over the past couple of 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 faster hardware is being made by various mining start-ups at a rapid rate and the price tag for a complete mining rigcapable of discovering new bitcoins on its owncurrently costs in the ballpark original site 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 globe who literally pool their computer power with each other to mine. Popular websites including Slush's Pool allow small-time miners to receive percentages of bitcoins when they add their computer ability 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 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 dollars you can earn a couple of dollars each day," according to Brice Colbert, a North Carolina-based next miner of cryptocurrencies and operator of the site cryptojunky.com.