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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 don't need an account.Watch our manual below to learn how to get started with blockchain payments to BitPay merchants.Get a wallet1 First you'll need a Bitcoin or Bitcoin Cash wallet an program which lets you receive, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. 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 Bitcoin Cash in your wallet 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.

To use your Bitcoin or Bitcoin Cash, draw your Bitcoin or Bitcoin Cash from the exchange to a Payment Protocol compatible wallet before attempting to spend it. Create a payment3Making that a blockchain payment is fast, convenient, and incredibly 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 the fixed BTC or BCH cost for this time period. Do not send payments to expired invoices.There are several ways to pay a BitPay invoice from your wallet.Scan that the QR CodeAIf your wallet is on a different cellular 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're using to view the invoice, you can open the payment in your pocket by tapping here. Confirm everything is correct, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL in the invoice and paste it in your wallet's"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Charges 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 charges 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 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 cost. Refunds & Order TroubleshootingBitPay supplies tools and reporting to allow merchants to view profitable payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you'd like a refund or need assistance in getting your order for a successful payment, please contact the merchant directly.

Bear in mind you will need to supply your BitPay invoice URL or click over here your order ID for the merchant to assist you. Merchant refund policies differ, therefore please contact the merchant to go over refund options. .

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When mining began, regular off-the-shelf PCs were quickly enough to generate bitcoins. That is the way the system was set upeasier to mine in the beginning, tougher to mine as more bitcoins are generated. Throughout the last few 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 created by different mining start-ups at a quick rate and the price for a complete mining rigcapable of discovering new bitcoins on its own owncurrently costs in the ballpark of $12,000. .

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 personal computer power with each other to mine. Popular websites such as Slush's Pool allow small-time miners to get Full Article percentages of bitcoins when they include their personal computer power to the group. .

The faster your computer can mine and the more energy it is contributing to the pool, the bigger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like wallets, pool websites are unregulated and the operator of this poolwho receives all of the coins minedis under no legal obligation to provide everyone their cut. site .

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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.