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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 also don't need an account.Watch our guide 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 program which allows you get, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It is a fantastic 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 have Bitcoin or Bitcoin Cash in your pocket yet, you'll need to purchase 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 from the exchange to your 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.

Remember to send your payment during the 15-minute payment window. BitPay only guarantees the fixed BTC or BCH cost for this period of time. Do not send payments to expired invoices.There are a number of ways 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 pocket 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 wallet's"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner fees will be the cost your wallet pays for the computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These fees 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 fee price 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 successful payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you would prefer a refund or need assistance in getting your order to get an effective payment, please contact the merchant directly.

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

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When mining began, routine off-the-shelf PCs were fast enough to generate bitcoins. That's how the system was put upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Throughout the last few years, miners have needed 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 quicker hardware is being created 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. .

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There's 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 personal computer power together to mine. Popular sites including Slush's Pool allow small-time webpage miners to receive percentages of bitcoins when they add their personal computer ability to the group. .

The faster your computer can mine and the more power it is contributing to the pool, the Learn More bigger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool websites are unregulated and the operator of this poolwho receives all of the coins minedis under no lawful 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 small as $20. "For a few hundred dollars you could make a couple of dollars each day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the website cryptojunky.com.

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