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Bitcoin and Bitcoin Cash are secure currencies for the internet. You can pay 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'll need a Bitcoin or Bitcoin Cash wallet an program which lets you get, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It is a fantastic option for paying BitPay invoices because 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 still, you will need to purchase some.Exchanges are available all around the planet, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

To utilize your Bitcoin or Bitcoin Cash, withdraw your Bitcoin or Bitcoin Cash from the exchange to a Payment Protocol compatible wallet before attempting to spend it. Make a payment3Making a blockchain payment is fast, convenient, and extremely secure.To create a payment, you won't need to enter any sensitive card information.

Don't forget 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 expired invoices.There are a number of 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 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 wallet by tapping here. Confirm everything is correct, and your wallet will produce 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 Charges Miner charges are the cost your wallet pays for 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 Cost FeeThe Network Price commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission price of BitPay's transaction sweep for the payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay provides tools and reporting to allow merchants to view successful payments and manage their this link own refunds in Bitcoin or even Bitcoin Cash. If you would like a refund or need help in getting your purchase to get an effective payment, please contact the merchant directly.

Bear in mind you will need to provide your BitPay invoice URL or your order ID for the 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 quickly enough to generate bitcoins. That's the way the system was set upeasier to mine in the beginning, tougher to mine as more bitcoins are generated. Over the past few 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 specific taskin this instance mining.New faster hardware is being made by various mining start-ups at a quick rate and the price for a complete mining rigcapable of discovering new bitcoins on its own owncurrently costs in the ballpark of $12,000. .

There is a way around such a hefty investment: joining mining pools. Pools are a collective set of bitcoin miners from around the world who literally pool their own computer power with each other to mine. Popular websites 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 imp source is contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like wallets, pool websites are unregulated article source and the owner of the poolwho receives all of the coins minedis under no lawful 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 little as $20. "For a few 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 site cryptojunky.com.