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Bitcoin and Bitcoin Cash are secure currencies to 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 get started with blockchain payments to BitPay merchants.Get a wallet1 First you will need a Bitcoin or Bitcoin Cash wallet an program that allows 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 since it dynamically calculates sufficient miner fees. It's also secure and simple to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 in case you don't yet have Bitcoin or even Bitcoin Cash in your wallet yet, you will need to purchase some.Exchanges are accessible all around the world, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

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. Make a payment3Making that a blockchain payment is fast, convenient, and extremely 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 that the fixed BTC or BCH price for this period of time. Do not send payments to expired invoices.There are a number of strategies to pay a BitPay invoice from your 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're using to see the invoice, you can open the payment in your pocket by tapping . Confirm everything is right, and your wallet will make the payment.Send the Payment ManuallyCCopy the payment URL from the invoice and paste it in your pocket"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner charges will be the price your wallet pays to get your 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 Price commission included check it out in your invoice total covers the Bitcoin or Bitcoin Cash miner fee cost of BitPay's transaction sweep to 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 like a refund or need assistance in getting your purchase to get a successful payment, please contact the merchant directly.

Remember you will need to provide your BitPay invoice URL or your order ID for the merchant to assist 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 PCs were quickly enough to generate bitcoins. That is how the system was set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Over the past few decades, miners have needed to move on to faster hardware in order to keep generating new bitcoins.

Programmer language aside, all this means is that the hardware is designed for one specific taskin this case mining.New faster hardware is being made by different mining start-ups at a quick speed and the price for a full mining rigcapable of discovering new bitcoins on its owncurrently prices in the ballpark of $12,000. .

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

The faster your computer can mine and also the more power it's contributing to the pool, the bigger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool sites are unregulated and the operator of the poolwho receives all of the coins minedis under no lawful 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 can make a few dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the website cryptojunky.com.