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Bitcoin and Bitcoin Cash are secure currencies for the internet. You can pay without handing out sensitive financial information, and you 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 will need a Bitcoin or Bitcoin Cash wallet an app which allows you receive, hold, and spend Bitcoin or even 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 easy to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 in case you don't yet have Bitcoin or Bitcoin Cash in your wallet still, you will need to buy some.Exchanges are available all around the world, allowing users to convert any currency into and from 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 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 the fixed BTC or BCH price for this period of time. Do not send payments to perished invoices.There are a number of ways to pay a BitPay invoice from the 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 view the invoice, you can open the payment in your pocket by tapping . Confirm everything is right, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and paste it in your pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges are the price your wallet pays for your 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 Price FeeThe Network Price commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission price of BitPay's transaction sweep for the payment.

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

Bear in mind that you will need to provide your BitPay invoice URL or your order ID for the merchant to aid 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 this link PCs were quickly enough to generate bitcoins. That's how the system was put upeasier to mine in the beginning, harder to mine since more bitcoins are generated. Over the last few decades, miners have had to move on to faster hardware in order to keep generating new bitcoins.

Programmer language apart, all this means is More about the author that the hardware is designed for one specific taskin this case mining.New quicker hardware is being created 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. .

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

The faster your computer can mine and the more energy it's contributing to the pool, the bigger percentage of bitcoins received. Bitcoins can be broken down into image source eight decimal points. Like wallets, pool websites 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 small as $20. "For a few hundred bucks you could earn a couple of dollars each day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the website cryptojunky.com.