I am not asking about 0.5BTC, the server costs for the next three months is 0.05BTC. It is not a problem for me to pay such an amount. I just do not want to do it. Look, I have already spent on this project around 0.35BTC, after all this is a business and with current mixing reserve it does not bring a profit. Hence, I do not want to continue it, though it was a lot of joy for me. I am ready to maintain the service, but only if it does not eat my money anymore. The only way to achieve it is to offer people to donate. That's it.

Concerning our volumes. First of all, we provide the statistics on our profit, to get access to it you just need to create an account. For nine months we have mixed around 3BTC, which is almost x12 of our reserve. That's all I can say, dry and honest.

Exit scamming is a shame for me, I will not be able to respect myself if I run with someone's money. 

To be exact the service possesses around 0.32 BTC for send-receive mixing and 0.09 BTC for prepare-takeaway mixing. I didn't get the point of your second proposition. With my skills I have built the service from scratch and advertised it on this forum. I have managed to attract a significant number of customers taking into account that almost no marketing was involved.


What the hell are you talking about here? I am not asking for a loan, I do not require anything, I just do not see any more sense in spending my own funds to maintain the project. I offered people to donate around 300$ to cover server's costs for the next three months. If no one is ready to share money with me -- it is completely OK. I will just close the service after 5th November. That's it, that's the whole story. That simple.

You guys on forum sometimes go crazy about the "reputation stuff". I do not see anything illegal or dishonest about my behavior.

Thanks for your detailed answer. I still have a lot of questions and I tried to summarize them below. I am still skeptical, but I am ready to change an opinion about your service based on your further answers, maybe I just do not get the concept properly.


Could you describe in details how the industry will benefit from mutual partnership through your project?


That is exactly the point which makes me think some misunderstanding is happening. A lot of questions come to my mind.

To host a mixing service is a complex task: you need to configure a web-server, run a Bitcoin full node, write the code which will interact with the node, finally the last but not the least: you should have bitcoins to operate with. All right, lets suppose I want to create a mixing service via your platform and I have some coins with me. Suppose you have some code templates, but how do I run a service itself? Because for that purpose I need some web-server where the code of "my mixer" will be executed. Do you provide your customers with the servers? Maybe yes, but the last point remains: what about Bitcoin wallets? Who controls the reserve of the mixers created through your platform?

So the dilemma here is the following: either you hold the bitcoins of users who created a mixer or not? If the answer is yes, then the mixing service is essentially yours, not user's, right? If the answer is no, then how the created mixer is associated with your service? By the way, who buys the domain names for mixer created through your platform?

These were the technical questions, I appreciate if you elaborate on this, because now this concept of creating a mixing service is very vague. I cannot understand who creates what and who is responsible for what. The second part is more about philosophy behind the scenes.

Suppose you have developed some magic box which spits out a mixing service when you push a button. However, what would be the point of such box? Would it have some sense? Because any mixer is centralized, meaning it has to gain a reputation and it is a long and very hard task. What is the point of creating service with couple of clicks? Who will use them? Who will promote them?

In your previous answer you state the following:

This sounds strange. You may not guarantee that your partners will not scam their customers, right? Do you mean that using different services decreases the risk? But this statement is so questionable. So what do you mean here?


You always say something about "classic mixer" as your project is kind of "non-classic mixer" which solves some problems of "classic mixers". But as you said above you are not a mixer at all. Moreover, all send-receive mixers use code system: when the users addresses are marked by the code, hence if the user uses the same code every time he uses a service it guarantees that he will not obtain his own coins back.


Why are you more resistant? What makes you more resistant if you do not even provide mixing services itself? You see, I am completely confused by your answers. You seem to contradict yourself.


I am sorry to sound harsh here, but I probably will. I do not like all these talks about "New times", "New technologies of deanonymization" and so on. The concept of Blockchain was invented in the late 2000-th, from that time this concept has not acquired something breaking new. What are those "New times" you are speaking of? What the hell is this supposed to mean?

The point of mixing is very, very simple. Suppose I have coins on the address A and want to transfer them to address D, if I create a transaction connecting A and D everybody who knows I own the address A will find out that I own the address D. Then I go to mixer service and it gives me the address B, I transfer the coins from A to B and mixer transfers coins from C to D. Assuming that addresses B and C are not connected in Blockchain I obtained the coins on the address D and nobody knows I am there. That's it, that's the whole concept.

Now you say that it is better if address C has "clean history". But look above, in the context of what I wrote it does not seem so important, don't you think? Moreover, how to measure its purity? You may say that you have some algorithms that check the incoming coins and so on, but all these are your words. We do not control your backend. We do not know what are those algorithms. We do not know the sources of your coins. All we can do here: we can only trust you. Now, don't you think that requiring 5% fee for something that cannot be immediately checked by anybody is something strange? I do.

As an admin of mixing service I thought woow, what a great project, maybe I can integrate my own mixer into community.

But then I started to investigate and my conclusions are very harsh. First of all, your first comments in this thread are very vague. You try to sound like a pro, you claim that your service has unique features that bring the whole mixing industry at a new level. Then mocacinno asks why do you use Clouflare? And you answer like it is the first time you hear that using Cloudflare you share traffic with a third party. How come?

A little lie causes a big mistrust. According to your website you have 4 partners.

1) Mixtum
2) Go-mixer.space
3) Mixture

These three projects look the same (Mixtum and Go-mixer.space are actually the same). The service commission is 5% (it is HUGE). They have the same PGP open key! They have the same design. They do not have a reputation (ANN threads just started, no view there, nobody knows these projects).

4) [banned mixer]

This is quite obscure project started at December 2016 and gone out of service around September, 2017. Now it comes back, should we trust it?

What are your partners? If you want to be an aggregator you should choose partners carefully? Looks like all your "partners" are created by the same Jambler team. But then, what is the difference between you and other mixers? Huge commissions? Or the way of promoting your project?

According to your comments the main Jambler advantage is using coins from exchanges and miners. I am very sceptical about it. How can we check that you tell the truth and the coins come from the claimed sources? Moreover, I personally do not see much sense in using such "clean" sources. The aim of mixing is not to give users "clean" coins, but to break transaction history, making users funds untraceable for a third party.

Allright, now the service is up and working. Time to announce what has been added.

New mixing mode is implemented

In addition to classic send-receive scheme we have implemented so-called prepare-takeaway mode. It works very simple:

• Create account and top up your balance (read why we need this step in our faq);
• Tell us an amount to mix;
• We prepare a stash on our address (you can see it on any block explorer) and generate two incoming addresses for accepting your deposit;
• After your coins arrive we reveal the private key of the stash address;
• Import private key in your wallet;

Authorization opens up even more functionality. Inside of account you will be able to monitor our earnings statistics and invest in BitWhisk.

Backward compatible

You may continue using our service without registration. Send-receive mixing mode is available instantly. We have improved UI and hope your experience will become even better.

Testing

We need enthusiasts ready to test our new mixing mode. To become a tester you need to create an account and write me a PM here, I will add some coins to your account balance so you will be able to use a new mixing mode with ease.


For more information, you may read our FAQ.

Hey guys! This thread was untouched for couple of months. All this time I was working on the project and now BitWhisk v2.0. is about to appear. Please do not use our service in the upcoming hours, I am deploying the updates!

All details will be announced here after the work is completed.

Maybe it is not a good move to write in other's mixing services ANNs, however in the light of the last events we cannot name bitmixcoin a mixing service. It is most likely a scam adventure.

You know, for me this is a remarkable incident. I tried so hard to build my own service and still put a lot of effort in it. Unfortunately we have quite poor reserve and it was 2 times already when people sent us more coins than we can handle. It is a pity that people trust us and we cannot handle their requests properly. I have returned all the funds to the users.

And now when I see that somebody is ready to send 16BTC to a mixer without so much reputation. I am like  give me those coins and I will build a great business that will benefit all the participants. Well, of course it doesn't work like this.

Oh, forgot to mention. I also work for chipmixer.

Made a translation of our ann thread. Everything is smooth and fine. Thanks for your work!

Yes, it is a very good question, dear BitCryptex. I do not think that publishing code may harm customer's privacy. It is just an algorithm, knowledge about its details doesn't make tracing coins easier.

Though, it is a very serious step and I am still thinking about it carefully.


We still have some directions for development, for example, I would love to introduce a new mixing mode: with the revealing of private keys, in addition to implemented send-receive scheme. This allows to transfer coins to the past, which is great. However, for that purpose I need more coins, because this new mode should work kind of independently from the existing system.

Current functionality is pretty stable and TBH, after creating JS-free version and api I have no ideas on what can be added. I constructed the system assuming it should handle hundreds of transactions per day and we do not have so many traffic yet

Hence the further development is not about coding, but more about finding investors, which is much more complicated than programming.

If you have any ideas for development, let me know.


I am glad you liked it. Thanks for your feedback, it is important for me.

So, it's time to summarize the current state of our project.

With the help of users of this forum we performed a thorough testing (thanks to everybody who participated). We have worked a lot to make our service better and the main features up to the moment are:

1) Miner's fee rate for output transactions is controlled by users,
2) JS-free version of our interface is implemented,
3) REST API is implemented.

We also performed 1-week signature campaign. Now we have customers using our service with some periodicity. For the whole period we have mixed around x5 of our reserve.

Currently we are seeking for the ways to attract people's attention to our service and find some investors. Hope that soon our press release will appear on one of the news platforms devoted to cryptocurrency.

We still have directions to develop, however we need to increase our reserve before digging into development.

We also want to increase the trust to our service and the following idea comes to mind. What if we publish our backend source code? Of course, nobody can check that this code is installed on server, however anybody could read it and make sure it makes sense. What do you guys think about that? Would you be interested in seeing BitWhisk source code?

Dear friends,

we have developed a simple REST API for using our service. All the documentation is available at the link above.

Hey guys, here we are with the great news!

Now all the functionality of our service is available without Javascript! You can simply disable it in your browser settings (presumably Tor) and enjoy mixing with us. No additional actions from your side are needed.

Of course, the interface without Javascript is raw and simple and you are supposed to understand what you are doing (we wont be able to show popups telling that you need to download the Letter of Guarantee).

If someone can test this new functionality it would be great! Any feedback is welcome

p.s. A small bug concerning payments with smallest miner fee rate (1 sat/b) is fixed. Now if our bitcoin client thinks that the fee rate is too small we just raise it a little bit (add 1 sat/b until the transaction is sent).

Dear friends, yesterday we had a small downtime due to hosting problems.
Now the system is up and works in a regular mode.

Currently the small bug is discovered when trying to mix coins with small miner's fee rate (around 1-2 sat/b). We will fix it in a couple of days.

Dear legendster, thank you for your review. We would like to clarify a couple of moments.


Why exactly you couldn't customize the delay? Did delay slider refuse to work in your browser?

In principle, any target address can be assigned with delay between 0 and 48 hours. Long time delays are randomly biased by small time intervals up to 10 minutes.


We do not display order information on the order page because of time delays. What if a customer order has a long time delay, should she then leave the browser tab open all the time? Instead we provide different page, where you can check the status of your order at any time. This means that after checking of Letter of Guarantee and sending coins to the generated address customer can close the order page without any doubt. We think this approach is more user friendly.


Could you please elaborate a little more on this? What exactly we can implement and what aspects of UI need to be improved?

Once again, thank you for your criticism.

Best regards,
BitWhisk.io

Dear Sellingaccs, we are spending a big part of our reserve on signature campaign, I hope you can understand our situation. You mixed small amount, so almost all your coins are back in your wallet.

In case you didnt notice my answer, I quote it below.


Best regards,
BitWhisk.io

Hi steve, we have launched a signature campaign and right now we are not in need of new testers. However, if you are interested you can always test our service with your own coins.

Best regards,
BitWhisk.io

Thank you for your testing, Sellingaccs. Maybe we will accept small amount transactions after one confirmation, but it is not a high priority task. Actually, we accept all incoming amounts with 2 confs, why do you mention 3?

Dear Bill, thank you very much for your detailed feedback. We will take your every word into account. I admit this was completely our mistake. Good thing is that we didn't hire a lot of users yet. We will develop a new campaign in a couple of days. Maybe we will hire another trusted manager or will run it by ourselves. Once again, thanks for such a quick reaction.

Best regards,
BitWhisk.io

We will develop alternative strategy for marketing through this forum. Either it will be a signature campaign with a trusted manager or maybe a campaign without a manager with an escrow. Let us think about the happened situation for the couple of days. It was a lesson for us.

Best regards,
BitWhisk.io