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Bitcoin and Bitcoin Cash are secure 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 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 receive, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It's a fantastic option for paying BitPay invoices because it dynamically computes sufficient miner fees. It's also secure and simple to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 in case you don't yet have Bitcoin or even Bitcoin Cash in your wallet still, you will need to buy 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 your Payment Protocol compatible wallet before attempting to spend it. Make 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.

Remember to send your payment during the 15-minute payment window. BitPay only guarantees that the fixed BTC or BCH price for this period of time. Do not send payments into perished invoices.There are several ways to pay a BitPay invoice from your 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 see the invoice, you can open the payment in your wallet by tapping here. Confirm everything is right, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and glue it in your pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges are 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 Price 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 price. Refunds & Order TroubleshootingBitPay provides tools and reporting to allow merchants to view 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 to get 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 aid you. Merchant refund policies vary, therefore 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 the way the system was put upeasier to mine in the beginning, harder to mine as more bitcoins are generated. Over the last couple of decades, miners have needed 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 specific taskin this instance mining.New faster hardware is being created by different 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 of $12,000. .

There's a way around this kind of hefty investment: joining mining pools. Pools are a collective group of bitcoin miners from around the globe who literally pool their personal 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 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 this content are unregulated and the operator of the poolwho receives all the coins minedis under no legal obligation to provide 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 few hundred dollars you can earn a couple of look these up dollars each day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this site cryptojunky.com.