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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 app which lets you get, 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 easy to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 in case you don't have Bitcoin or Bitcoin Cash in your pocket 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 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. Make 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.

Remember to send your payment during the 15-minute payment window. BitPay only guarantees the fixed BTC or BCH cost for this time period. Do not send payments into expired invoices.There are a number of ways to pay a BitPay invoice from the wallet.Scan that the QR CodeAIf your wallet is on a different cellular 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 are using to view the invoice, you can open the payment in your pocket by tapping here. Confirm everything is right, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL in the invoice and glue it in your wallet's"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Most Profitable Cloud Mining Miner fees will be the cost your wallet pays to get the 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 Price fee 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 to allow merchants to look at successful payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you'd like a refund or need assistance in getting your order for an effective payment, please contact the merchant directly.

Remember that you will need to supply your BitPay invoice URL or your order ID for your merchant to assist you. Merchant refund policies vary, therefore please contact the merchant to discuss refund options. .

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When mining began, regular off-the-shelf PCs were quickly enough to generate bitcoins. That's the way the system was put upeasier to mine in the beginning, harder to mine as more bitcoins are generated. Over the past couple of decades, miners have had 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 complete mining rigcapable of discovering new home bitcoins on its own owncurrently costs in the ballpark of $12,000. .

There is 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 websites such as Slush's Pool allow small-time miners to her explanation receive percentages of bitcoins when they add their personal computer power to the group. .

The faster your computer can mine and the more power 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 operator of the poolwho receives all 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 couple hundred bucks you can make a couple of dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of the site cryptojunky.com.