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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 app that allows you receive, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It's a great option for paying BitPay invoices because it dynamically computes 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 yet have Bitcoin or even Bitcoin Cash in your pocket still, you will need to purchase some.Exchanges are available all around the world, allowing users to convert any currency into and out of 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. 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 cost for this period of time. 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 own 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 here. Confirm everything is right, and your wallet will make 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 Fees Miner charges are the price your wallet pays for the computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These charges can be higher linked here or lower depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Cost FeeThe Network Price commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission cost of BitPay's transaction sweep for your payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay supplies tools and reporting for merchants to view profitable payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you would prefer a refund or need YOURURL.com help in getting your purchase to get 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 differ, so please contact the merchant to 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, tougher 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 aside, all this means is that the hardware is designed for one particular taskin this instance mining.New quicker hardware is being created by different mining start-ups at a rapid rate and the price tag for a full mining rigcapable of discovering new bitcoins on its owncurrently prices in the ballpark of $12,000. .

There is a way around such a hefty investment: joining mining pools. Pools are a collective set of bitcoin miners from around the globe who literally pool their computer power with each other to mine. Popular sites such as Slush's Pool allow small-time miners to receive percentages of bitcoins when they add their computer power to the group. .

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

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Joining a pool means you can also use more hardware. click here for more info USB ASIC minerswhich plug into any standard USB portcost as little as $20. "For a few hundred dollars you can make a few dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this site cryptojunky.com.