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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 get started with blockchain payments to BitPay merchants.Get that a wallet1 First you will need a Bitcoin or Bitcoin Cash wallet an program that allows you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It is a fantastic option for paying BitPay invoices since it dynamically calculates sufficient miner fees. It's also secure and easy to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 in case you don't have Bitcoin or even Bitcoin Cash in your pocket yet, you will need to buy some.Exchanges are accessible all around the world, allowing users to convert any currency into and out of Bitcoin and Bitcoin Cash.

To use your Bitcoin or Bitcoin Cash, withdraw your Bitcoin or Bitcoin Cash in the exchange to a Payment Protocol compatible wallet before attempting to spend it. Make a payment3Making a blockchain payment is quick, convenient, and extremely 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 that the fixed BTC or BCH cost for this time period. Do not send payments into perished invoices.There are several 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 see the invoice, you can open the payment in your wallet by tapping . Confirm everything is correct, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and paste it in your wallet's"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner fees will be the price your wallet pays to get 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 Cost fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee price of BitPay's transaction sweep for the payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay supplies tools and reporting for merchants to view successful payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you'd prefer 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 content provide your BitPay invoice URL or your order ID for the 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 set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Throughout the past 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 instance mining.New quicker hardware is being made by various mining start-ups at a rapid rate and the price 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 set of bitcoin miners from around the world who literally pool their own personal computer power with each other to mine. Popular sites including Slush's Pool allow small-time miners to receive percentages of bitcoins when they add their computer power 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 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 more hardware. USB ASIC minerswhich plug into any standard USB portcost as small as $20. "For a few hundred bucks you could make a few dollars each day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the site cryptojunky.com.