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Bitcoin and Bitcoin Cash are secure currencies to the internet. You can cover without handing out sensitive financial information, and you don't need an account.Watch our manual below to learn how to get started using 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 app. It is 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 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 buy some.Exchanges are available all around the planet, allowing users to convert any currency into and out of Bitcoin and Bitcoin Cash.

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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. Create a payment3Making a blockchain payment is quick, convenient, and incredibly 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 the fixed BTC or BCH cost for this time period. Do not send payments into 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 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 view the invoice, you can open the payment in your wallet by tapping here. Confirm everything is right, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and paste it in your pocket"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees will be 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 charges can be lower or higher depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Price FeeThe Network Cost commission 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 price. Refunds & Order TroubleshootingBitPay provides tools and reporting for merchants to look at successful payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you would like a refund or need help in getting your purchase to get a successful payment, please contact the merchant directly.

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

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When mining began, regular off-the-shelf PCs were quickly enough to generate bitcoins. That is the way the system was put upeasier to mine in the beginning, tougher to mine as more bitcoins are generated. Over the past 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 he has a good point one specific taskin this case mining.New quicker hardware is being created by different mining start-ups at a quick rate and the price for a complete mining rigcapable of discovering new bitcoins on its owncurrently prices in the ballpark of $12,000. .

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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 energy it is contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool websites 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 small 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 website cryptojunky.com.

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