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Bitcoin and Bitcoin Cash are secure currencies to the internet. You can pay without handing out sensitive financial information, and you also don't need an account.Watch our guide below to learn how to begin using blockchain payments to BitPay merchants.Get a wallet1 First you will need a Bitcoin or Bitcoin Cash wallet an app which lets you get, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It's a fantastic 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 even Bitcoin Cash in your pocket yet, you'll need to buy some.Exchanges are accessible 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 your Payment Protocol compatible wallet before attempting to spend it. Create a payment3Making a blockchain payment is fast, 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 the fixed BTC or BCH price for this period of time. Do not send payments to perished invoices.There are several ways to cover 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 pocket by tapping here. 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 pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges will be the cost 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 Price FeeThe Network Cost fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission price of BitPay's transaction sweep to your payment.

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

Remember you will need to supply your BitPay invoice URL or your order ID for your merchant to assist you. Merchant refund policies differ, 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 put upeasier to mine in the beginning, tougher to mine as 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 particular taskin this case mining.New faster hardware is being made by various mining start-ups at a quick speed and the price tag for a full mining rigcapable of discovering new bitcoins on its own owncurrently prices in the ballpark of $12,000. .

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There is a way around this kind of hefty investment: joining mining pools. Pools are a collective set of bitcoin miners from around the globe who literally pool their own computer power with each other to mine. Popular websites such as Slush's Pool allow small-time miners to get percentages of bitcoins when they add their personal 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 owner of the poolwho receives all of the coins minedis under no legal 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 little as $20. "For a couple 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 website cryptojunky.com.

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