I got paid in bitcoins mining

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Criticism write bch vs btc 2018 really. All

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So that you know, mining pays you Bitcoin for maintaining and improving the Bitcoin ecosystem. As you can guess, different aspects of Bitcoin pose various risks in each of these scenarios. You must understand the following factors before opting for Bitcoin payment, especially for a full-time job.

Like many other cryptocurrencies, Bitcoin is highly volatile. In a few days, the same amount of Bitcoin may have a significantly lower or higher value depending on the direction in which the price of Bitcoin is headed. You should consider that the value of Bitcoin had almost quadrupled in mere three years. If you look at the history, you can see that Bitcoin has had some severe value losses. However, in some cases, volatility may give you immense returns. As long as you limit the use of Bitcoin to perform online transactions, this conflict of legality is not going to be a problem.

However, regulatory changes in the future may prevent you from trading or even investing in Bitcoin, among other cryptocurrency tokens. So, there is always this fear of legal issues when it comes to Bitcoin transactions. This problem of limited acceptance looms when you decide to get paid in Bitcoin.

Again, if you decide to get your salary paid in Bitcoin, you should check the acceptance of BTC as a valid tender in the region you live. On a positive note, however, more businesses have now started accepting crypto tokens, and there are many websites to locate such businesses around you. Every country treats overseas cryptocurrency payments differently. It all puts a significant risk on someone who gets paid in Bitcoin, primarily via international transactions.

This issue is an extension of the legality problem in the first look. When coupled with a regulatory change, these tax concerns can make matters difficult for those who regularly earn their income via BTC.

So, you should check the competent taxation laws and their conditions before investing long-term in Bitcoin. In addition to these, Bitcoin transactions also have the problem of slow transaction speed. They are not as instant as a credit card or Apple Pay.

It means you have to spend more time waiting for your inward transactions to process when you start accepting Bitcoin at your establishment. Unlike in the old days, you seem to have better options to get paid in Bitcoin. Even if you own a small online or offline business, you can start accepting Bitcoin in just a few minutes.

All these happen when ensuring the best level of security from the core Bitcoin blockchain technology as well. However, you must also look if Bitcoin is an effective way to store value as per your convenience and plans. You should proceed if you believe getting paid in Bitcoin is worth all the risks you are taking.

If you have a website, you can easily place a Bitcoin donation button and link that lead to your wallet. You can use cryptocurrency payment gateways like NOWPayments to make this possible. They use robust APIs to smoothen the payment process.

As long as they are customers willing to pay using Bitcoin, a setup will bring you constant income in BTC. Setting up a Bitcoin payment system in an offline store is even easier. These five are your top options when you want to get paid in Bitcoin. Getting Paid in Bitcoin пїЅ the Problems As you can guess, different aspects of Bitcoin pose various risks in each of these scenarios. Volatility Image: Interactivecrypto Like many other cryptocurrencies, Bitcoin is highly volatile.

Tax Concerns Image: Finance Magnates Every country treats overseas cryptocurrency payments differently. Miscellaneous In addition to these, Bitcoin transactions also have the problem of slow transaction speed. Thanks for your time help I appreciate it. Afterwards it should deposit the selected BTC amount in your wallet. Mine never got deposited in has several hundred confirmation and i know my wallet address is correct. The miners got paid; This is the site I get after I click on the confirmations in the wallet.

You are not going to get paid, and it is very unlikely you will be able to recover the money you have sent. Accept that your money is lost, and don't send them any more. Sign up to join this community. The best answers are voted up and rise to the top.

Stack Overflow for Teams пїЅ Start collaborating and sharing organizational knowledge. Create a free Team Why Teams? Learn more about Teams. Asked 5 years, 8 months ago. Modified 4 years, 9 months ago. Viewed times. Improve this question. Nate Eldredge Hi, I've downvoted this question, because it is unclear what happened, how that differs from what you expected, and therefore especially what you're asking about in the first place.

Besides that, the link is broken and it appears to have nothing to do with "transaction-fees". Please edit your question to give us a bit more to work with. From the front page of the site: "How it works our tool? That poor prose which does not actually provide information seems like a big warning sign. Thread here. You fell for a scam.