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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 don't need an account.Watch our guide below to learn how to begin with blockchain payments to BitPay merchants.Get that a wallet1 First you'll need a Bitcoin or Bitcoin Cash wallet an program which allows you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It's a great option for paying BitPay invoices because it dynamically calculates sufficient miner fees. It's also secure and simple to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 If you don't yet have Bitcoin or Bitcoin Cash in your pocket still, you'll need to purchase some.Exchanges are accessible all around the world, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

To utilize 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. Make a payment3Making that 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 that 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 cover a BitPay invoice from the 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 pocket by tapping . Confirm everything is right, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL in 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 charges are the cost 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 lower or higher depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Cost FeeThe Network Cost 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 other Bitcoin or even Bitcoin Cash. If you'd like 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 order ID for the merchant to aid 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 quickly enough to generate bitcoins. That is how the system was set upeasier to mine in the beginning, harder to mine as more bitcoins are generated. Over the last couple of decades, miners have had 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 particular taskin this case mining.New faster hardware is being created by different mining start-ups at a rapid speed and the price tag 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 websites such as Slush's Pool allow small-time miners to receive percentages of bitcoins when they include their computer power to the group. .

The faster your computer can mine and also the more energy it's contributing to the pool, the bigger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like wallets, pool sites 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 dollars you could make a few dollars each day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this site cryptojunky.com.