[ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented

[ChipMixer]

Introducing ChipMixer
Mixing reinvented for your privacy

Tor v3 link: http://chipmixorflykuxu56uxy7gf5o6ggig7xru7dnihc4fm4cxqsc63e6id.onion (chip mix or fly, new Segwit)
Tor v2 link: http://chipmixerwzxtzbw.onion/ (obsolete, non Segwit)
Clearnet link: https://chipmixer.com/

What makes ChipMixer special?

ChipMixer creates Bitcoin addresses (chips) and funds them with specific sizes. There are chips with 0.001 BTC, 0.002 BTC, 0.004 BTC and so on till 4.096 BTC. When you deposit your Bitcoins, you receive same amount in chips. For example you deposit 0.112 BTC and you receive 0.064 + 0.032 + 0.016. Each chip was funded before your deposit, so there is no link between them and your deposit on blockchain. They are already anonymous. With each chip, you receive its private key, so you can spend them any time you want.

Why us?

We offer the best privacy you can get from Bitcoin mixer.

• you have full control over mixing - it makes process random
• outputs are fungible - every chip is exactly the same
• outputs are faster than inputs - from blockchain perspective, you spend them before sending to mixer
• output may be higher than input - optional betting inside
• you can use multiple small inputs to merge into one big output off-chain
• outputs can be used instantly - private key is yours and you set miner's fee
• no fee, donation only - pay as much as you want
• no accounts, no bitcodes to link your inputs
• optional signed source of funds
• we wait 48h for your input transaction and we can wait more on request
• lightweight pages, no javascript required

How to use it with example

Step 1 - deposit

You receive input address. You deposit 0.1 BTC on received address and wait for one confirmation.

Step 2 - mixing

Your 0.1 BTC is exchanged for chips: 0.064 + 0.032 + 0.004.

You click on split button for 0.064 chip exchanging it for two 0.032 chips.

You click on split button for 0.004 chip exchanging it for two 0.002 chips. You click donate on smallest chip. Thank you!

Now you have 3 * 0.032 + 0.002.  You click withdraw all.

Step 3 - withdraw

You see list of four private keys. Each marked with its size (3 * 0.032 BTC and 0.002 BTC) and public key. There is no on-chain connection between them and funds you deposited.

You import them into your wallet Electrum wallet and they are ready to be spent.

Total mixing time: 1 blockchain confirmation

Total cost: 0.002 BTC donate. You pay what you want.

Links

Tor v3 link: http://chipmixorflykuxu56uxy7gf5o6ggig7xru7dnihc4fm4cxqsc63e6id.onion/ (chip mix or fly)
Tor v2 link: http://chipmixerwzxtzbw.onion/

Clearnet link: https://chipmixer.com/

Signature campaign: https://bitcointalk.org/index.php?topic=1935179.0

Alpha test thread: https://bitcointalk.org/index.php?topic=1923170.0

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[ChipMixer]

News:

We have created Electrum plugin. It's not merged yet, but you can check it here: https://github.com/chipmixer/electrum/tree/plugin/plugins/chipmixer

[TryNinja]

This is actually a smart way to mix your btc. I think this is the first mixer using any method like this, and with 0% fees. I have only one question that I would like you to confirm: As I have seen in the FAQ, is 0.001 BTC the minimum deposit amount?

I wish you good luck in the future. I'm sure I'll be giving preference to ChipMixer as my favorite mixer.

[ChipMixer]

is 0.001 BTC the minimum deposit amount?

Yes. 0.001 BTC is the smallest sized chip. While it was designed when Bitcoin price was at $500, with current transaction fees it still is optimal choice.

[OROBTC]

...

OK, that's very interesting! 

At some point I will try the service, will pass along comments.  I hope to see other reviews too.

What are you doing re the high fees / long confirmation times now?  Can we pay a little extra for quick confirmation?

[Naoko]

happy to see first mixing service that have this idea, most mixing service don't have this and it is cute, i have a question tho

is it possible to mix amounts like .10001btc or only amounts divisible by .001btc?

[Decoded]

Haven't tried the live site and can't necessarily vouch for it's trustability, but I was one of the alpha testers, and I loved the experience. The concept of using chips is great, and the owner/developer is kind and responsive.

If I ever need to mix my coins, Chip mixer will be my mixer of choice, of course.

[jorneyflair]

I know that you guys have a lot of satisfied testers etc. when the alpha test was out and about but at the same time i'm wondering how are you guys going to profit from this? Mainly from the betting on the site or what? Because obviously the fee you guys charge is completely voluntary(0.004 BTC i believe?) and a lot of people aren't going to be bothered to pay that voluntary contribution.

You guys are running a sig campaign as well which will be at least 0.5 btc per week. Interested to know whether you are planning on setting a mandatory charge per transaction whether percentage or fixed or something else in the future. But otherwise keep up the good work because i'm enjoying the site.

Thanks

[ChipMixer]

What are you doing re the high fees / long confirmation times now?  Can we pay a little extra for quick confirmation?

When you deposit - you set the miner's fee (obviously). When you withdraw - you get private keys - you set any miner's fee you want. In case if you want to use automatic sweep (ie. you don't know how to use private key), fee is also automatic.

is it possible to mix amounts like .10001btc or only amounts divisible by .001btc?

Only amounts divisible by 0.001 BTC (the smallest chip size).

If I ever need to mix my coins, Chip mixer will be my mixer of choice, of course.

Thank you!

I know that you guys have a lot of satisfied testers etc. when the alpha test was out and about but at the same time i'm wondering how are you guys going to profit from this? Mainly from the betting on the site or what? Because obviously the fee you guys charge is completely voluntary(0.004 BTC i believe?) and a lot of people aren't going to be bothered to pay that voluntary contribution.

You guys are running a sig campaign as well which will be at least 0.5 btc per week. Interested to know whether you are planning on setting a mandatory charge per transaction whether percentage or fixed or something else in the future. But otherwise keep up the good work because i'm enjoying the site.

Since we are reinventing the mixing service, we are trying a little experiment here. Flat fees works for some mixers. Giving users some freedom to set fee works for others. Why not to try total freedom if it gives even more privacy?

But this is not a charity, so if donation experiment fails, we will switch into something else.

[Decoded]

I know that you guys have a lot of satisfied testers etc. when the alpha test was out and about but at the same time i'm wondering how are you guys going to profit from this? Mainly from the betting on the site or what? Because obviously the fee you guys charge is completely voluntary(0.004 BTC i believe?) and a lot of people aren't going to be bothered to pay that voluntary contribution.

You guys are running a sig campaign as well which will be at least 0.5 btc per week. Interested to know whether you are planning on setting a mandatory charge per transaction whether percentage or fixed or something else in the future. But otherwise keep up the good work because i'm enjoying the site.

Since we are reinventing the mixing service, we are trying a little experiment here. Flat fees works for some mixers. Giving users some freedom to set fee works for others. Why not to try total freedom if it gives even more privacy?

But this is not a charity, so if donation experiment fails, we will switch into something else.

I don't really think you will be able to profit from the donation part that much. What I do think you will profit from more is that betting functionality. I know for sure that people using smaller denominations of the ability to will try and bet sometimes, and the odds are quite strongly in your favour

What I would recommend is implementing a probably fair system, and then implementing a totally optional fee system (Like bitmixer's, but the ability to bring it down to 0%). This will be more user-friendly and improve the user experience, IMO.

[pizamoi]

This seems like a nice way to run a mixer but you would need to have a large number of chips at your disposal, also separating it into so many different chips will hurt people on transaction fees, perhaps instead of doubling the chip value each time you could use denominations like 0.01, 0.02, 0.05.

[ChipMixer]

What I would recommend is implementing a probably fair system, and then implementing a totally optional fee system (Like bitmixer's, but the ability to bring it down to 0%). This will be more user-friendly and improve the user experience, IMO.

Probably fair system is a planned feature - tt was not required at launch, but was many testers asked for it.

What I do think you will profit from more is that betting functionality.

Do you want to make a bet about that? Donate option is currently winning.

you would need to have a large number of chips at your disposal

That is not the problem. That is the idea.

instead of doubling the chip value each time you could use denominations like 0.01, 0.02, 0.05.

Could you extend your idea? How would it work with split/merge/bet function?

[jorneyflair]

What are you doing re the high fees / long confirmation times now?  Can we pay a little extra for quick confirmation?

When you deposit - you set the miner's fee (obviously). When you withdraw - you get private keys - you set any miner's fee you want. In case if you want to use automatic sweep (ie. you don't know how to use private key), fee is also automatic.

is it possible to mix amounts like .10001btc or only amounts divisible by .001btc?

Only amounts divisible by 0.001 BTC (the smallest chip size).

If I ever need to mix my coins, Chip mixer will be my mixer of choice, of course.

Thank you!

I know that you guys have a lot of satisfied testers etc. when the alpha test was out and about but at the same time i'm wondering how are you guys going to profit from this? Mainly from the betting on the site or what? Because obviously the fee you guys charge is completely voluntary(0.004 BTC i believe?) and a lot of people aren't going to be bothered to pay that voluntary contribution.

You guys are running a sig campaign as well which will be at least 0.5 btc per week. Interested to know whether you are planning on setting a mandatory charge per transaction whether percentage or fixed or something else in the future. But otherwise keep up the good work because i'm enjoying the site.

Since we are reinventing the mixing service, we are trying a little experiment here. Flat fees works for some mixers. Giving users some freedom to set fee works for others. Why not to try total freedom if it gives even more privacy?

But this is not a charity, so if donation experiment fails, we will switch into something else.

I like you guys already You seem like a group of very intelligent and innovative people trying to legitimately do something to change the scape of the bitcoin mixing business but i have to say that donations definitely won't cover you up with all the server costs, promotion costs whether it is sig campaign, advertising on this forum directly or ads on sites.

Hopefully you are right about donations being a good idea but in my experience and many social experiments show otherwise.

Also, just another thing - the 45% betting thing on your site, is it provably fair?

[cafucafucafu]

Have joined your signature campaign and hopefully it'll be a long term one instead of just a 1 or 2 week one

The site itself is very well designed in my opinion, and functions beautifully.

What are you doing re the high fees / long confirmation times now?  Can we pay a little extra for quick confirmation?

When you deposit - you set the miner's fee (obviously). When you withdraw - you get private keys - you set any miner's fee you want. In case if you want to use automatic sweep (ie. you don't know how to use private key), fee is also automatic.

is it possible to mix amounts like .10001btc or only amounts divisible by .001btc?

Only amounts divisible by 0.001 BTC (the smallest chip size).

If I ever need to mix my coins, Chip mixer will be my mixer of choice, of course.

Thank you!

I know that you guys have a lot of satisfied testers etc. when the alpha test was out and about but at the same time i'm wondering how are you guys going to profit from this? Mainly from the betting on the site or what? Because obviously the fee you guys charge is completely voluntary(0.004 BTC i believe?) and a lot of people aren't going to be bothered to pay that voluntary contribution.

You guys are running a sig campaign as well which will be at least 0.5 btc per week. Interested to know whether you are planning on setting a mandatory charge per transaction whether percentage or fixed or something else in the future. But otherwise keep up the good work because i'm enjoying the site.

Since we are reinventing the mixing service, we are trying a little experiment here. Flat fees works for some mixers. Giving users some freedom to set fee works for others. Why not to try total freedom if it gives even more privacy?

But this is not a charity, so if donation experiment fails, we will switch into something else.

I like you guys already You seem like a group of very intelligent and innovative people trying to legitimately do something to change the scape of the bitcoin mixing business but i have to say that donations definitely won't cover you up with all the server costs, promotion costs whether it is sig campaign, advertising on this forum directly or ads on sites.

Hopefully you are right about donations being a good idea but in my experience and many social experiments show otherwise.

Also, just another thing - the 45% betting thing on your site, is it provably fair?

A lot of sites rely on donations obviously like wikipedia and stuff, and it works. But these sites are obviously not for profit and the aim of this project is i would say half for profit and half for innovating how bitcoin mixing works. But it's up to the owners to decide how they want to run their business. It might not make sense now but maybe it's just to attract initial customers. Who knows, but why not grab the chance to try it for free before its (potentially) gone?

[ChipMixer]

Also, just another thing - the 45% betting thing on your site, is it provably fair?

Fair, but not (yet) provably fair. It was never inteded as a main function of mixer, just a way to make possible output even less predictable by blockchain analysis. Provability is already in planning.

Who knows, but why not grab the chance to try it for free before its (potentially) gone?

"Gone" is not an option. Too much time and BTC was spent on this project to just leave.

[cafucafucafu]

Also, just another thing - the 45% betting thing on your site, is it provably fair?

Fair, but not (yet) provably fair. It was never inteded as a main function of mixer, just a way to make possible output even less predictable by blockchain analysis. Provability is already in planning.

Who knows, but why not grab the chance to try it for free before its (potentially) gone?

"Gone" is not an option. Too much time and BTC was spent on this project to just leave.

I was referring to the voluntary donations being gone and having some sort of fee in place, not this project going away I can tell that you guys have spent a lot of time and effort on this project and to get to this point.

Anyways, good luck with it. Hopefully this can revolutionise how mixing in done in the btc sphere

[saqwe]

I visited your tor shop and found the features you brought into bitcoin mixing to be very impressive

you have full control over mixing - it makes process random
outputs are fungible - every chip is exactly the same
outputs are faster than inputs - from blockchain perspective, you spend them before sending to mixer
And many more .....................................................

Can you explain this feature better ? output may be higher than input - optional betting inside because it is very new and unique.

[ChipMixer]

Can you explain this feature better ? output may be higher than input - optional betting inside because it is very new and unique.

One of the methods of blockchain analysis is matching inputs and outputs.

If you send 1 BTC to old type of mixer, you will receive a combination of up to 10 outputs with their sum = (1 BTC - 3% fee). Blockchain analysis may try to solve it like a very big sudoku.

If you deposit 1 BTC to ChipMixer, you receive a combination of various sized chips. You can decide to use "Bet" function on any chip you have. You have 45% chance to double it - otherwise you lose it. But you don't need to use it. Just because this function exists and ChipMixer's user may use it, blockchain analysis cannot predict mixer's output.

[saqwe]

Can you explain this feature better ? output may be higher than input - optional betting inside because it is very new and unique.

One of the methods of blockchain analysis is matching inputs and outputs.

If you send 1 BTC to old type of mixer, you will receive a combination of up to 10 outputs with their sum = (1 BTC - 3% fee). Blockchain analysis may try to solve it like a very big sudoku.

If you deposit 1 BTC to ChipMixer, you receive a combination of various sized chips. You can decide to use "Bet" function on any chip you have. You have 45% chance to double it - otherwise you lose it. But you don't need to use it. Just because this function exists and ChipMixer's user may use it, blockchain analysis cannot predict mixer's output.

I earlier thought that is a sure bet but 45% chances explains a lot and the choice is left in our hands, regardless of this, ChipMixer would surpass her predecessors because of many features it introduced which are not common.

Though there might not be any serious need for customer support since there is no need for signups before we can use ChipMixer but try to have an online chat support on your website to welcome a new client.

I sincerely wish you success.

[Decoded]

What I would recommend is implementing a probably fair system, and then implementing a totally optional fee system (Like bitmixer's, but the ability to bring it down to 0%). This will be more user-friendly and improve the user experience, IMO.

Probably fair system is a planned feature - tt was not required at launch, but was many testers asked for it.

What I do think you will profit from more is that betting functionality.

Do you want to make a bet about that? Donate option is currently winning.

Do I want to bet? Now, that's hardly fair. You know everything. Can you be sure that the donations arent mostly from the alpha testers and first time users, who either are tipping back the btc you gave them, or just testing the donate feature for the first time?

Great to see that you have plans for future updates. I'll be following this project closely, its extremely interesting and well thought through.