Bitcoin Forum
May 29, 2024, 01:05:52 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Blockchain.info's shared send minimum?  (Read 943 times)
Automatic (OP)
Full Member
***
Offline Offline

Activity: 238
Merit: 105


View Profile
December 15, 2013, 01:21:48 PM
 #1

Has anyone used Blockchain.info's shared send? Does it work well? I've seen people saying it's shit all over google, and, they've had their money stuck in there for weeks.

I need to get .05 BTC (~$45) in there, and, it says on their FAQ:-
Code:
We recommended you do not send transactions less than 0.2 BTC

Can I ask what happens if you do? Is it just a delay? I don't mind waiting (A reasonable amount of time (Less than a week (Even that is really unreasonable, really (there's lots of brackets here)))), but, I don't want my money stuck there.

Thanks,
Automatic.

Please ask for a signed message from my on-site Bitcoin address (Check my profile) before doing any offsite trades with me.
torusJKL
Hero Member
*****
Offline Offline

Activity: 619
Merit: 500


View Profile
December 15, 2013, 02:39:55 PM
Last edit: December 15, 2013, 03:39:46 PM by torusJKL
 #2

I don't know what happens with it but I can assume that it would be to expensive to use your 0.05 btc in a shared transaction so it will get stuck until someone else needs to send a similar small amount.

What you could do is send for example 0.3btc.
After the fee you would get 0.2985 back.
Pay you 0.05 from that and send the remaining 0.2485btc again through the shared feature.

If you find my post useful send some Bitcoin: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
Bitrated || bitcoin-otc || Moon Bitcoin Faucet
BlockChainLottery
Sr. Member
****
Offline Offline

Activity: 332
Merit: 250


AwesomeDice.net


View Profile WWW
December 15, 2013, 03:59:49 PM
 #3

I used it once with a smaller amount than 0.2BTC. It went through like a charm in under a minute.
But I guess they have good reasons to give you that warning. But I advise you to do only such things with your money if you can afford to lose it.

Automatic (OP)
Full Member
***
Offline Offline

Activity: 238
Merit: 105


View Profile
December 15, 2013, 04:12:02 PM
 #4

I used it once with a smaller amount than 0.2BTC. It went through like a charm in under a minute.
But I guess they have good reasons to give you that warning. But I advise you to do only such things with your money if you can afford to lose it.


I sent a small amount through (Less than a dollar), I've yet receive it (Couple hours later), I guess they don't like super small amounts. I think what I'll do it is just deposit it to a casino and withdraw it, normally they use a hot-wallet for withdraws so I'll get some different BTC.

EDIT:- Huge typo

Please ask for a signed message from my on-site Bitcoin address (Check my profile) before doing any offsite trades with me.
BlockChainLottery
Sr. Member
****
Offline Offline

Activity: 332
Merit: 250


AwesomeDice.net


View Profile WWW
December 15, 2013, 04:20:06 PM
 #5

Doing that to stay anonymous isn't totally security proof I think.
Someone putting a lot of effort in it, can still see that it's you. That is, if there aren't to many people withdrawing the same amount.
That is why the shared send was invented, but that also only works if there are a lot of people using it.
Maybe somebody else has a better understanding of blockchain.info's shared send?

Automatic (OP)
Full Member
***
Offline Offline

Activity: 238
Merit: 105


View Profile
December 15, 2013, 04:39:13 PM
 #6

Doing that to stay anonymous isn't totally security proof I think.
Someone putting a lot of effort in it, can still see that it's you. That is, if there aren't to many people withdrawing the same amount.
That is why the shared send was invented, but that also only works if there are a lot of people using it.
Maybe somebody else has a better understanding of blockchain.info's shared send?

Not trying to be anonymous, just trying to make it harder to google my address and come up with my username.

Please ask for a signed message from my on-site Bitcoin address (Check my profile) before doing any offsite trades with me.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!