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Bitcoin and Bitcoin Cash are protected currencies for the internet. You can pay without handing out sensitive financial information, and you also don't need an account.Watch our manual below to learn how to begin with blockchain payments to BitPay merchants.Get a wallet1 First you'll need a Bitcoin or Bitcoin Cash wallet an app that allows you receive, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It is a great 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 yet have Bitcoin or even Bitcoin Cash in your wallet still, you will need to buy some.Exchanges are available all around the planet, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

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To use your Bitcoin or Bitcoin Cash, draw your Bitcoin or Bitcoin Cash in the exchange to a Payment Protocol compatible pocket prior to attempting to spend it. Make a payment3Making that a blockchain payment is fast, 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 price for this time period. Do not send payments to perished 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 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 correct, and your wallet will produce 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 the payment.Bitcoin and Bitcoin Cash Miner Charges Miner fees are the price you can check here 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 higher or lower depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Cost 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 cost. Refunds & Order TroubleshootingBitPay provides tools and reporting for merchants to view successful payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you would prefer a refund or need help in getting your purchase for an effective payment, please contact the merchant directly.

Remember that you will need to supply your BitPay invoice URL or your order ID for your merchant to aid 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's the way the system was set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Over the last 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 specific taskin this case mining.New quicker hardware is being created by different mining start-ups at a rapid speed and the price tag for a full mining rigcapable of discovering new bitcoins on its owncurrently costs in the ballpark of $12,000. .

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There's a way around this kind of hefty investment: joining mining pools. Pools are a collective group of bitcoin miners from around the globe who literally pool their personal computer power together to mine. Popular websites including Slush's Pool allow small-time 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 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 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 little as $20. "For a couple 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 this site cryptojunky.com.

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