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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 with blockchain payments to BitPay merchants.Get that a wallet1 First you'll need a Bitcoin or Bitcoin Cash wallet an app that allows 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 because it dynamically calculates sufficient miner fees. It's also secure and simple to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 If you don't have Bitcoin or even Bitcoin Cash in your pocket still, you will need to buy some.Exchanges are available all around the planet, allowing users to convert any currency into and out of Bitcoin and Bitcoin Cash.

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To utilize your Bitcoin or Bitcoin Cash, withdraw your Bitcoin or Bitcoin Cash in the exchange to a Payment Protocol compatible wallet before attempting to spend it. Create a payment3Making a blockchain payment is quick, convenient, and incredibly 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 that the fixed BTC or BCH cost for this period of time. Do not send payments to expired invoices.There are a number of strategies to pay a BitPay invoice from the wallet.Scan 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 wallet 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 paste it in your pocket"Send" screen, check your payment details, and send the payment.Bitcoin and Bitcoin you can check here Cash Miner Fees Miner charges will be the cost your wallet pays to get your 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 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 provides tools and reporting to allow merchants to view successful 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 for an effective payment, please contact the merchant directly.

Remember you will need to supply your BitPay invoice URL or your order ID for your merchant to aid you. Merchant refund policies vary, therefore 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's how the system was set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Over the last few years, 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 created by different mining start-ups at a rapid speed and the price tag for a complete mining rigcapable of discovering new bitcoins on its owncurrently costs in the ballpark of $12,000. .

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There's websites a way around such a hefty investment: joining mining pools. Pools this website are a collective group of bitcoin miners from around the world who literally pool their own computer power together to mine. Popular sites including Slush's Pool allow small-time miners to receive percentages of bitcoins when they add their computer ability to the group. .

The faster your computer can mine and the more energy it's contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool websites are unregulated and the operator of the poolwho receives all the coins minedis under no legal 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 dollars you can make a couple of 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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