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Bitcoin and Bitcoin Cash are protected currencies to the internet. You can pay 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'll need a Bitcoin or Bitcoin Cash wallet an app which lets you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It is a fantastic option for paying BitPay invoices because it dynamically computes sufficient miner fees. Additionally, it is secure and easy to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 in case you don't have Bitcoin or Bitcoin Cash in your wallet yet, you'll need to purchase some.Exchanges are accessible all over the planet, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

To use your Bitcoin or Bitcoin Cash, draw your Bitcoin or Bitcoin Cash from the exchange to a Payment Protocol compatible wallet before attempting to spend it. Create a payment3Making a blockchain payment is quick, convenient, and incredibly 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 the fixed BTC or BCH price for this period of time. Do not send payments to perished invoices.There are several ways to cover a BitPay invoice from your wallet.Scan that 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 see the invoice, you can open the payment in your pocket by tapping . 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 wallet's"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees will be the price your wallet pays anonymous 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 Cost FeeThe Network Price fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission cost 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 look at successful payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you would prefer a refund or need help in getting your order for a successful payment, please contact the merchant directly.

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

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When mining began, routine off-the-shelf PCs were quickly enough to generate bitcoins. That is the way the system was set upeasier to mine in the beginning, harder to mine as more bitcoins are generated. Throughout the last few 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 case mining.New faster hardware is being made by various mining start-ups at a rapid speed and the price for a complete mining rigcapable of discovering new bitcoins on its owncurrently prices in the ballpark of $12,000. .

There is 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 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 wallets, pool websites are unregulated and the owner of this poolwho receives all 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 bucks you could earn a couple of dollars each day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the website cryptojunky.com.