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Bitcoin and Bitcoin Cash are protected currencies for the internet. You can cover without handing out sensitive financial information, and you also 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 app that allows you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It's a fantastic option for paying BitPay invoices because it dynamically calculates sufficient miner fees. It's also secure and easy to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 in case you don't yet have Bitcoin or even Bitcoin Cash in your pocket yet, you'll need to purchase some.Exchanges are accessible all over the world, 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 your Payment Protocol compatible wallet before 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 time period. Do not send payments to perished invoices.There are several ways to cover 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 glue it in your pocket"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees are the price 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 Price FeeThe Network Price 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 price. Refunds & Order TroubleshootingBitPay supplies tools and reporting to allow merchants to view profitable payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you'd like a refund or need assistance in getting your order for a successful payment, please contact the merchant directly.

Bear in mind 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 quickly enough to generate bitcoins. That's 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 case mining.New faster hardware is being created by different mining start-ups at a quick speed and the price for a complete mining rigcapable of discovering new bitcoins on its owncurrently costs in the ballpark of $12,000. .

There is a see this page 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 own personal computer power together to mine. Popular sites such as Slush's Pool allow small-time miners to get percentages of bitcoins when they include their personal computer power to the group. .

The faster your computer can mine and 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 websites are unregulated and the owner 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 cheaper hardware. USB ASIC minerswhich plug into any standard USB portcost as little as $20. "For a couple hundred dollars you can earn a couple of dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this website cryptojunky.com.