How does ChipMixer make money?

[sheenshane]

But here is my simple question, so many campaigns claiming to be mixing bitcoin have been launched on the forum, why can't they pay as much as chipmixer does,? also their campaign duration isn't lasted than chipmixer, what's the strategy used by chipmixer over other mixing services?

The reason could be they aren't yet popular as a crypto mixer, they don't want to invest in advertisement marketing strategy just what Chiopmixer did.
Another factor is that they hired good poster members in the forum and most of them are very active in the technical discussion that might get more interest to the Chipmixer clients.  Also, I saw most promoters are staff members on the forum.

They invest money in advertising -> advertising attracts customers -> customers generate profit -> profit is greater than costs.
This is how business works.

No doubt this could be the reason, another factor is the manager has managed the signature campaign very well in choosing the right person who will wear the signature of Chipmixer and promote.  When I saw a post that wore Chipmixer signature, I know they are a good poster and always give good advice.  How much more if there are newbies or visitors in the forum that want to user Chipmixer.

[shield132]

In overall, pros have to outweigh cons!
Where can they promote their service in traditional web? I don't mean dark ones. Bitcointalk is the best place for that. If you look deeply, you'll see that they have a lot of high-quality posters in almost every aspect: High-quality posters in bitcoin discussion board, technical board, economics board, gambling board. They cover all the boards with an insane amount of quality and well-known posters, in overall it looks like they conquered this forum (in a good way).
Every single bitcoin that is sent on an advertisement brings them customers. It's like they have to giveaway money in order to receive it and even more. Convert money into clients and then clients into more money.

The main question is already answered by chipmixer, so nothing to add from my side.

[Yogee]

....They invest money in advertising -> advertising attracts customers -> customers generate profit -> profit is greater than costs.
This is how business works.

Except that you missed the point where Chipmixer doesn't charge any specific or fix fees to their customers unlike other businesses. It's "Pay what you want" as mentioned in the previous comment. Other businesses would have shutdown in the first month of operation using the same model.

....But here is my simple question, so many campaigns claiming to be mixing bitcoin have been launched on the forum, why can't they pay as much as chipmixer does,? also their campaign duration isn't lasted than chipmixer, what's the strategy used by chipmixer over other mixing services?

They cannot pay the same and they don't last since they don't make the same money as Chipmixer. Customers see CM's mixing method as top notch that's why they keep using it whenever they want to.

Chipmixer was able to build a reputation over the years so it wouldn't matter even if other mixers copy their strategy. You can also add the fact that it hasn't been busted by authorities yet unlike other mixers launched before and they haven't scammed anyone afaict.

[slaman29]

I think people always forget to look at a business objectively and understand that good businesses make money by providing good service first of all. Obviously if they pay 1 BTC every week then you know that is at least what they are making every week (but surely more). Then you know they must be mixing so well that people keep coming back to them. Second is customer service.

Just like any other business!

[MuffinMaster]

....They invest money in advertising -> advertising attracts customers -> customers generate profit -> profit is greater than costs.
This is how business works.

Except that you missed the point where Chipmixer doesn't charge any specific or fix fees to their customers unlike other businesses. It's "Pay what you want" as mentioned in the previous comment. Other businesses would have shutdown in the first month of operation using the same model.

I thought that even using this commission model they have a at least minimum set.
It is true that choosing only the form of a donations and collecting the appropriate minimum to run such an expensive campaign is a high risk. However, if they do it for so long, it means that customers are very generous to them.

[Karartma1]

DarkStar_ carefully selected ChipMixers campaign participants. They cover the whole forum and they write in the most followed boards (including Locals) as per ChipMixer business model. They have a few Staff, many old-timers, merit sources, big merit receivers, etc.
This makes a difference since their advertising coverage is great. These are the reasons for their success and their ability to pay big.

[Findingnemo]

Chip mixer is making lot of money that is why they can afford such an expensive campaign for almost 3 and half years with no change in their pay rate. You will get so much in returns if you do something worthy with free of costs. People who cares about the privacy are not going to be worried about few hundred bucks as tip when the job gets done so they are making a lot more than paying to their participants.

[Yogee]

.....
I thought that even using this commission model they have a at least minimum set.
It is true that choosing only the form of a donations and collecting the appropriate minimum to run such an expensive campaign is a high risk. However, if they do it for so long, it means that customers are very generous to them.

There's no doubt about that one. There's no other logical reason how they're able to sustain paying all these members wearing their signature. I'm only pointing out that it's not guaranteed that Chipmixer will make money even if they managed to bring in users from their marketing efforts.

[PrimeNumber7]

....They invest money in advertising -> advertising attracts customers -> customers generate profit -> profit is greater than costs.
This is how business works.

Except that you missed the point where Chipmixer doesn't charge any specific or fix fees to their customers unlike other businesses. It's "Pay what you want" as mentioned in the previous comment. Other businesses would have shutdown in the first month of operation using the same model.

Paying a voluntary fee to CM will result in their customers receiving a greater value from their services. For most other businesses, paying a different/higher fee does not in itself cause the business' product to improve.

[aesma]

Personally I feel the business model is very smart. If you want to take the time (I did) you can mix coins for free, that helps build confidence in the service. Then another time when you want a bit better privacy yet, maybe even mixing the same coins you had mixed for free already, you won't mind paying something for the service.

And you only need a few big users every week to earn decently, keep in mind some BTC users have hundreds or thousands of BTC...

Also, for a mixing service, the more inputs the better, so every user counts.

[imstillthebest]

Personally I feel the business model is very smart. If you want to take the time (I did) you can mix coins for free, that helps build confidence in the service. Then another time when you want a bit better privacy yet, maybe even mixing the same coins you had mixed for free already, you won't mind paying something for the service.

first service is free and the next service with a better privacy is still free ? what about the third one .

im waiting for you to say that the second session with a better service are now going to be paid .
a one time free trial is not bad for a promotion  and they can easily gain the confidence of their costumers because the mixer existed for many years now but i heard before that chipmixer wasnt really free and thats how they make money  .

[mk4]

first service is free and the next service with a better privacy is still free ? what about the third one .

im waiting for you to say that the second session with a better service are now going to be paid .
a one time free trial is not bad for a promotion  and they can easily gain the confidence of their costumers because the mixer existed for many years now but i heard before that chipmixer wasnt really free and thats how they make money  .

You totally misunderstood what he/she said. ChipMixer is totally free, and you only pay them how much you want to pay them. And yes, you could use their service as much as you want without paying them a single penny(but of course, it wouldn't hurt to support services that you like using).

https://chipmixer.com/faq

[klarki]

It's simple, the unique service is appreciated by the crypto community.
A simple profit-making scheme is paying off.

[aesma]

Personally I feel the business model is very smart. If you want to take the time (I did) you can mix coins for free, that helps build confidence in the service. Then another time when you want a bit better privacy yet, maybe even mixing the same coins you had mixed for free already, you won't mind paying something for the service.

first service is free and the next service with a better privacy is still free ? what about the third one .

im waiting for you to say that the second session with a better service are now going to be paid .
a one time free trial is not bad for a promotion  and they can easily gain the confidence of their costumers because the mixer existed for many years now but i heard before that chipmixer wasnt really free and thats how they make money  .

That's not what I said, but yes, you can use it for free every time. There would be no way for chipmixer to know you are a returning customer, since they're deleting data, for obvious reasons.

[Stedsm]

I believe everyone talked about Chipmixer alone, but nobody talked about the closure of many such mixing services which actually proved to be in favor of Chipmixer because none others could give the standard of service Chipmixer offers, which is why many of those got cracked down and Chipmixer is still in the game. Donations are a second thing, but when you have a shop in a city and that you know that it's only your shop where the basic necessities of an average Joe can be met, just think how much Chipmixer will be making already.

Many new services have entered this mixing industry but Chipmixer is still on top of them and nobody can deny that fact. It's not about the money they spend, but the money they make through their business.