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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 also don't need an account.Watch our guide 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 app which allows you receive, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It's a fantastic 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 yet have Bitcoin or Bitcoin Cash in your wallet still, you'll need to purchase some.Exchanges are accessible all over the planet, 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 wallet before attempting to spend it. Make a payment3Making that a blockchain payment is fast, 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 to perished invoices.There are several strategies to pay a BitPay invoice from your wallet.Scan that the QR CodeAIf your wallet is on a different mobile 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 see the invoice, you can open the payment in your wallet by tapping . Confirm everything is correct, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and glue it in your pocket"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner charges will be the price your wallet pays for 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 Cost FeeThe Network Cost commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission cost of BitPay's transaction sweep for your payment.

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

Remember you will need to provide your BitPay invoice URL or your order ID for your merchant to assist you. Merchant refund policies differ, so please contact the merchant to discuss refund options. .

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When mining began, regular off-the-shelf PCs were fast enough to generate bitcoins. That is how the system was put upeasier to mine in the beginning, harder to mine as more bitcoins are generated. Throughout 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 quicker hardware is being created by various mining start-ups at a rapid rate and the price for a complete mining rigcapable of discovering new bitcoins on its owncurrently prices in the ballpark of $12,000. .

There's a way around such a hefty investment: joining mining pools. Pools are a collective group of bitcoin miners from around the world who literally pool their computer power with each other to mine. Popular websites such as Slush's Pool allow small-time miners to get 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 larger 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 Source coins minedis under no lawful 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 could make a couple of dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this website cryptojunky.com.