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Title: Is this bitcoin mixing routine good ? Post by: drov on December 26, 2016, 12:15:10 PM Hello
As part of a school project we are asked to create a mixing service. Most of the services right now use coinjoin implemented with more or less privacy. So a single mixing service wouldn't be enough so here is the mixing routine we thought of : bitcoin(in) -> mix -> shapeshift( -> Dash -> monero) -> xmr.to ( btc) -> mix -> joinmarket (not sure though we haven't dug a lot into it) -> bitcoin (out) Of course everything would be automated via various api offered by the services. Do you have any remarks about it ? Is it good/bad ? We are kind of afraid about the fees induced by so many external services but implementing our own mixer would require a user base to mix the coin with in the first place which we don't have. Thanks Title: Re: Is this bitcoin mixing routine good ? Post by: avatar_kiyoshi on December 26, 2016, 02:53:38 PM So, this project mixing services automatically do a mix like you said above, there are routine which via altcoin to mix, is this can affect bitcoin price, isn't? With the fees also need a lot amount.
Title: Re: Is this bitcoin mixing routine good ? Post by: drov on December 26, 2016, 03:09:33 PM So, this project mixing services automatically do a mix like you said above, there are routine which via altcoin to mix, is this can affect bitcoin price, isn't? With the fees also need a lot amount. I....Don't quite understand what you said, I feel like the sentence is somehow reversed. Title: Re: Is this bitcoin mixing routine good ? Post by: AT101ET on December 27, 2016, 11:19:58 AM I've never heard of a school project quite like this before! ;D
I think you're looking in the wrong place for that kind of information. You'd be better off looking elsewhere and doing your own research. If this really was a school project then who cares about the accumulated fees? Your school wouldn't need you to mix coins but only come up with a method... I don't really see the big deal unless^... Title: Re: Is this bitcoin mixing routine good ? Post by: larryfromjapan on December 29, 2016, 01:09:07 AM Hello As part of a school project we are asked to create a mixing service. Most of the services right now use coinjoin implemented with more or less privacy. So a single mixing service wouldn't be enough so here is the mixing routine we thought of : bitcoin(in) -> mix -> shapeshift( -> Dash -> monero) -> xmr.to ( btc) -> mix -> joinmarket (not sure though we haven't dug a lot into it) -> bitcoin (out) Of course everything would be automated via various api offered by the services. Do you have any remarks about it ? Is it good/bad ? We are kind of afraid about the fees induced by so many external services but implementing our own mixer would require a user base to mix the coin with in the first place which we don't have. Thanks I like the idea especially if you can automate it! Title: Re: Is this bitcoin mixing routine good ? Post by: ncsupanda on December 29, 2016, 02:28:25 AM I would think one of the biggest concerns is the fees you would run into. There may also be a bit of latency relying on several APIs like you proposed.
Have you looked into other Bitcoin mixers before? |