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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 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 will need a Bitcoin or Bitcoin Cash wallet an program 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 computes sufficient miner fees. Additionally, it is secure and easy to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 If you don't have Bitcoin or even Bitcoin Cash in your wallet still, you'll 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 use your Bitcoin or Bitcoin Cash, withdraw 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 fast, convenient, and incredibly 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 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 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 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 wallet by tapping . Confirm everything is right, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and paste it in your pocket"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner charges 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 charges 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 Price 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 price. Refunds & Order TroubleshootingBitPay supplies tools and reporting for merchants to view profitable payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you would prefer a refund or need assistance in getting your purchase for a successful payment, please contact the merchant directly.

Bear in mind you will need to supply your BitPay invoice URL or your order ID for your merchant to aid 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 is the way the system was set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Throughout the last few years, 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 particular taskin this case mining.New faster hardware is being created by various mining start-ups at a rapid rate 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'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 ability to the group. .

The faster your computer can mine and the more energy it's contributing to the pool, the bigger percentage of bitcoins received. Bitcoins find out this here can be broken down into eight decimal points. Like wallets, pool sites are unregulated and the owner of the poolwho receives all 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 dollars you can make a couple of dollars each day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the site cryptojunky.com.