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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 guide below to learn how to begin using 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 even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It is a great option for paying BitPay invoices because it dynamically computes 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'll need to buy some.Exchanges are accessible all over the world, 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 that a blockchain payment is quick, convenient, and extremely 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 time period. Do not send payments into perished invoices.There are several strategies 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 wallet.

Then make the payment. Open in WalletBIf your wallet is on the device you are using to view the invoice, you can open the payment in your pocket by tapping . Confirm everything is correct, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and glue it in your wallet's"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin Cash Miner Charges link Miner fees will be the cost 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 Cost commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission cost of BitPay's transaction sweep to your payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay supplies Learn More 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 help in getting your order to get a successful payment, please contact the merchant directly.

Bear in mind that you will need to supply your BitPay invoice URL or your order ID for your merchant to assist you. Merchant refund policies vary, so please contact the merchant to Recommended Reading go over refund options. .

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When mining began, routine off-the-shelf PCs were fast 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 decades, miners have had 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 case mining.New faster hardware is being made by various mining start-ups at a quick rate and the price for a complete mining rigcapable of discovering new bitcoins on its 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 world who literally pool their personal computer power with each other to mine. Popular sites 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 cheaper 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 a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this site cryptojunky.com.

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