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Bitcoin and Bitcoin Cash are protected currencies for the internet. You can pay without handing out sensitive financial information, and you don't need an account.Watch our manual 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 that lets you get, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet program. It's a fantastic 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 have Bitcoin or Bitcoin Cash in your wallet still, you'll need to purchase 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, withdraw your Bitcoin or Bitcoin Cash in the exchange to a Payment Protocol compatible pocket prior to attempting to spend it. Create a payment3Making that a blockchain payment is fast, convenient, and incredibly 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 the fixed BTC or BCH price for this time period. Do not send payments into expired invoices.There are a number of ways 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 see 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 Cash Miner Charges Miner charges are the price 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 higher or lower depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Cost FeeThe Network Price fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner commission price of BitPay's transaction sweep for your payment.

Learn more about the reasons for this price. 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 help in getting your order Check Out Your URL for a successful payment, please contact the merchant directly.

Bear in mind you will need to supply your BitPay invoice URL or your order ID for the merchant to aid you. Merchant refund policies differ, 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 the way the system was put upeasier to mine in the beginning, harder to mine as 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 particular taskin this instance mining.New faster hardware is being made by various mining start-ups at a quick speed and the price for a full mining rigcapable of discovering new bitcoins on its own owncurrently costs 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 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 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 websites are unregulated and the operator of the poolwho receives all the coins minedis under no lawful obligation to give everyone their cut. .

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

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