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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 get started using blockchain payments to BitPay merchants.Get a wallet1 First you'll need a Bitcoin or Bitcoin Cash wallet an program that lets 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 easy to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 If you don't have Bitcoin or even Bitcoin Cash in your pocket still, you will need to purchase some.Exchanges are accessible all over the planet, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

To utilize your Bitcoin or Bitcoin Cash, withdraw your Bitcoin or Bitcoin Cash in the exchange to a 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.

Remember 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 pay a BitPay invoice from the wallet.Scan 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 . Confirm everything is correct, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and glue it in your pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges will be the price your wallet pays for the computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These charges 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 Price commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee 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 view profitable payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you'd like a refund or need assistance in getting your order for an effective payment, please contact the merchant directly.

Remember you will need to provide your BitPay invoice URL or your 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 quickly enough to generate bitcoins. That is the way the system was set upeasier to mine you could try these out in the beginning, tougher to mine as more bitcoins are generated. Over the past couple of years, 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 one particular taskin this case mining.New faster hardware is being made by different mining start-ups at a quick speed and the price tag for a complete mining rigcapable of discovering new bitcoins on its own owncurrently costs in the ballpark of $12,000. .

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 with each other to mine. Popular sites such a knockout post 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 power it's contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool sites are unregulated and the operator of the 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 couple 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.