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Bitcoin and Bitcoin Cash are secure currencies for the internet. You can cover 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 that a wallet1 First you will 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 great option for paying BitPay invoices because it dynamically computes sufficient miner fees. Additionally, it is secure and simple to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 in case you don't have Bitcoin or even Bitcoin Cash in your pocket 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 utilize your Bitcoin or Bitcoin Cash, draw your Bitcoin or Bitcoin Cash in the exchange to your Payment Protocol compatible pocket prior to attempting to spend it. Create 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 time period. Do not send payments to expired invoices.There are a number of ways to pay a BitPay invoice from your wallet.Scan 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 are using to view the invoice, you can open the payment in your wallet by tapping here. Confirm everything is correct, 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 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 Price FeeThe Network Price commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee cost of BitPay's transaction sweep for your payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay provides tools and reporting to allow merchants to look at profitable payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you would like a refund or need assistance in getting your purchase to get a successful payment, please contact the merchant directly.

Bear in mind you will need to supply your BitPay invoice URL or your websites order ID for the merchant to assist you. Merchant refund policies vary, so 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 is how the system was set upeasier to mine in the beginning, harder to mine since more bitcoins are generated. Throughout the last couple of years, 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 specific taskin this instance mining.New quicker hardware is being made by various mining start-ups at a rapid speed and the price for a full mining rigcapable of discovering new bitcoins on its own owncurrently costs in the ballpark of $12,000. .

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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 together to mine. Popular websites such as Slush's Pool allow small-time miners to receive percentages of bitcoins when they include their personal computer ability to the group. .

The faster your computer can mine and the more power it is contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like wallets, pool sites are unregulated and the owner of the poolwho receives all of the coins minedis under no lawful obligation to give 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 more information as little as $20. "For a few hundred bucks you could 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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