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Author Topic: How to Exchange my Existing bitcoins for newly generated coins?  (Read 775 times)
Answerme2 (OP)
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May 07, 2016, 05:12:45 PM
Last edit: May 07, 2016, 05:28:50 PM by Answerme2
 #1

So i know whenever some pool finds a block they get rewarded with 25 bitcoins.Now suppose if i have 25 bitcoins already  recieved from some address.Now that address surely received that amount from someone else.It makes a huge Taint Analysis in my address.Now i don't want any track of my bitcoins and for better privacy therefore i want to exchange it for newly generated bitcoins by miners.Is there anyway i can do this?

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MingLee
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May 07, 2016, 05:24:09 PM
 #2

You could find a mixer site and use it as a way to hide your coins. Send them to the mixer and have them get sent to another address you own or something, in small bursts. That is one way to mask your coins, technically speaking.

There isn't a way to "exchange" your coins aside from that. You either have to buy them, or send them through a mixer. These aren't trading cards, and you can't say "I want xBTC for an equal amount of yours".

Also it is currently 25 Bitcoins be awarded per block, not 10. It will be 12.5 in July.
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May 07, 2016, 05:30:56 PM
 #3

So i know whenever some pool finds a block they get rewarded with 10 bitcoins.Now suppose if i have 25 bitcoins already  recieved from some address.Now that address surely received that amount from someone else.It makes a huge Taint Analysis in my address.Now i don't want any track of my bitcoins and for better privacy therefore i want to exchange it for newly generated bitcoins by miners.Is there anyway i can do this?

only way to do that is to trade directly with a miner/pool owner. obviously they would ask for something in return.
or like MingLee said, use mixer. but somehow I doubt you'll do that because it seems you've asked quite a lot of questions about mixers in the past.

                                                                       
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May 07, 2016, 05:33:15 PM
 #4

Rent hash and mine on some pool.


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PinkLlama
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May 07, 2016, 05:33:49 PM
 #5

You can use a mixer site. That's pretty much the only way. You can find someone who'll basically send you 25 BTC for your 25 BTC but that's not that likely to happen.

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May 07, 2016, 05:39:34 PM
 #6

You could:

1. Find someone (a miner) with coins which are as-of-yet-unspent-coinbase-rewards and offer to purchase them.

2. Purchase mining gear with your coins and mine at a pool which pays out in coinbase rewards (if those kinds of pools still exist).

Neither of these things are easy. In fact, it's quite unlikely that you will be able to accomplish either, and even if you do, you will probably end up with less coins than what you started with.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
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May 07, 2016, 05:47:55 PM
 #7

services like https://bitmixer.io/ like @MingLee say is the way to go, you need to learn how to use it, but in the end, is exactly what are you asking for, this is only one of them but if you search a bit more you will more find services like this one, just choose one and do it Wink
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May 07, 2016, 05:50:29 PM
 #8

[banned mixer] is a new site that does the same as bitmixer you can try both to see which on is better for you too use.

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May 07, 2016, 05:53:30 PM
 #9

Just remember a mixer can mix your coins with other tainted coins, so you not necessarily cleaning your coins by doing this, you only make it harder for people to trace it back to you or it's route it took before

it reached you. You could also move it through several services {gambling sites for example} and then through mixers, if you really paranoid about tainted coins. Just contact one of the miners on this forum

and buy some newly minted coins, but they going to ask you a premium price for it.  Roll Eyes

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May 07, 2016, 07:24:59 PM
 #10

I would think gambling site to move coins around is a good way to get your sends not to be easily traced because it goes from their hot wallets which is sending to a multitude of different addresses and not just yours from several different wallets too.

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May 07, 2016, 07:56:38 PM
 #11

There was a site, maybe it was Australian, that was selling fresh coins. I think they were asking for a premium. It seems totally dumb to me because as soon as you move them they become as dirty as all the other ones.
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May 07, 2016, 08:19:43 PM
 #12

There are tons of ways to lose the trace of coins, and even tho afaik none of them is 100% guarantee, they're pretty much enough for most of users.
You could open up a shill account on some exchange,service,gambling site and similar, and then make deposit and withdraw, use mixer service,
or simply rent some hash and mine new coins urself to new address. But apart from mining yourself with actual HW, i don't think anything is 100% untainted.
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May 08, 2016, 03:10:49 PM
 #13

Mixer site is just what you want to hide your ass.

Also you can use any exchange bitcoin address to send the coins mined and then exchange it to other coins. Once you will have enough coins then ou can send it to your offline address. But there are so many ways to trace the transaction actually.

So you can't hide yourself everytime.

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May 08, 2016, 05:04:41 PM
 #14

Sometimes there are offers in the trading section where people sell freshly mined coins. Of course for an upprice. Though that would be how it goes.

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May 08, 2016, 05:27:54 PM
 #15

If you want to make the transaction untraceable, I'd recommend using a mixer (which is risky).

Or you can easily deposit the amount to a trustworthy Bitcoin Exchange, like Poloniex or any other.
All of these exchanges use their Hot wallets for withdrawals, which would make your transaction (almost) untraceable.
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May 08, 2016, 05:50:27 PM
 #16

If you want to make the transaction untraceable, I'd recommend using a mixer (which is risky).

Or you can easily deposit the amount to a trustworthy Bitcoin Exchange, like Poloniex or any other.
All of these exchanges use their Hot wallets for withdrawals, which would make your transaction (almost) untraceable.

And receive coins possibly coming from a scam. Which would not be funny if someone would try to claim these are his coins that were stolen. There is no case yet but someone might try this.

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May 09, 2016, 01:01:39 AM
 #17

Are the big mixer sites totally agnostic? Have there been any cases where did intervene? Exchanges work for me but I've never had large amounts of coins. If I did then I might think again.
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May 09, 2016, 01:54:59 AM
 #18

Probably try in the mining section, you might find miners who are willing to sell you freshly minted coins but I am sure they will do this at a premium, not sure it is worth it though.
[banned mixer] is a new site that does the same as bitmixer you can try both to see which on is better for you too use.
OP don't want any taint analysis, which is why I think suggesting mixers is useless as that is not what they're looking for.

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