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Bitcoin and Bitcoin Cash are protected currencies to 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 using blockchain payments to BitPay merchants.Get that a wallet1 First you'll need a Bitcoin or Bitcoin Cash wallet an app which lets you receive, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It's a great option for paying BitPay invoices since it dynamically calculates sufficient miner fees. Additionally, it is secure and easy to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 If you don't yet have Bitcoin or Bitcoin Cash in your pocket yet, you'll need to purchase some.Exchanges are available all over 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. 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.

Don't forget 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 into perished invoices.There are a number of ways to cover 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 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 wallet by tapping . 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 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 higher or lower 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 price. Refunds & Order TroubleshootingBitPay provides tools and reporting for merchants to view profitable payments and manage their own visit this page refunds in Bitcoin or even Bitcoin Cash. If you'd like a refund or need assistance in getting your order 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, therefore please contact the merchant to discuss refund options. .

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When mining began, regular off-the-shelf PCs were quickly enough to generate bitcoins. That's the way the system was set upeasier to mine in the beginning, harder to mine as more bitcoins are generated. Throughout the last 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 specific taskin this instance mining.New faster hardware is being created by various mining start-ups at a rapid 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's a way around such a 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 websites such as Slush's Pool allow small-time miners to receive percentages of bitcoins when they include their personal computer ability to the group. .

The faster your computer can mine and also the more energy it's contributing to the pool, the bigger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool websites are unregulated and the owner of this poolwho receives all of 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 little as $20. "For a few hundred bucks you could earn a few dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the site cryptojunky.com.

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