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Bitcoin and Bitcoin Cash are protected currencies to the internet. You can cover without handing out sensitive financial information, and you don't need an account.Watch our guide 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 which 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 because it dynamically computes sufficient miner fees. It's also secure and simple 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 pocket yet, you will 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, draw your Bitcoin or Bitcoin Cash in the exchange to your Payment Protocol compatible wallet before attempting to spend it. Create a payment3Making a blockchain payment is fast, convenient, and extremely secure.To make 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 into expired invoices.There are several ways to pay a BitPay invoice from your wallet.Scan 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'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 make the payment.Send the Payment ManuallyCCopy the payment URL in the invoice and glue it in your pocket"Send" screen, check your payment information, and send have a peek at this site the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees are the cost your wallet pays to get your computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These fees can be higher or lower depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Price FeeThe Network Cost fee 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 price. Refunds & Order TroubleshootingBitPay provides tools and reporting to allow merchants to view profitable payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you'd prefer a refund or need help in getting your purchase to get an effective payment, please contact the merchant directly.

Remember 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 fast 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. Over 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 faster 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 own 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 personal computer power with each other to mine. Popular sites such as Slush's Pool allow small-time miners to get percentages of bitcoins when they include their computer power to the group. .

The faster your computer can mine and also the more power it is 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 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 little as $20. "For a few hundred dollars you can earn a few dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the site cryptojunky.com.