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Author Topic: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented  (Read 65975 times)
audaciousbeing
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September 14, 2017, 10:48:11 AM
 #541

We have run out of chips again. New chips are being prepared. We need to find a better solution.

Our current ideas are:
a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC
b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations

What do you think about both ideas?

My vote would be for B ahead of A because due to traffic which is not likely to stop, then the colours will be coming out too often and when that happens, clients begin to lose confidence which we all know is bad for business.

The option B will be great, because I am sure clients wont mind paying some fees to get their chips delivered to them as soon as they need it than to donate only to come to the thread to announce how they have not been able to receive their coins and the likes.

Opening it up to others to invest, is something I would want to be part of but the modalities for that will need to equally set out in clear terms and this needs to be done fast to address several challenges faced by clients.
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September 14, 2017, 05:02:50 PM
 #542

Maybe I was a bit to euphoric

Today I mixed some more BTC. First all ok.

With the last 8 chips I got after waiting for hours to be confirmed a marker LOW FEE on every.

Has anyone the same problem?

Now waiting and waiting and not sure the coins come in.

Contact again ChipMixer.
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September 14, 2017, 05:55:15 PM
 #543

Maybe I was a bit to euphoric

Today I mixed some more BTC. First all ok.

With the last 8 chips I got after waiting for hours to be confirmed a marker LOW FEE on every.

Has anyone the same problem?

Now waiting and waiting and not sure the coins come in.

Contact again ChipMixer.

Do you mean that when you impored the chip's private keys they were funded with unconfirmed transactions, or did you try to sweep the private keys but had to wait a long time while sweeping?
In the second case, you do have to realise you always have the option to import the private keys into a decent wallet and pick your own fee (so it's up to you wether you give a sufficient fee or not)

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September 14, 2017, 08:11:19 PM
 #544

Maybe I was a bit to euphoric

Today I mixed some more BTC. First all ok.

With the last 8 chips I got after waiting for hours to be confirmed a marker LOW FEE on every.

Has anyone the same problem?
ofte
Now waiting and waiting and not sure the coins come in.

Contact again ChipMixer.

Do you mean that when you impored the chip's private keys they were funded with unconfirmed transactions, or did you try to sweep the private keys but had to wait a long time while sweeping?
In the second case, you do have to realise you always have the option to import the private keys into a decent wallet and pick your own fee (so it's up to you wether you give a sufficient fee or not)


Yes I use the sweep function to sent the coins to a wallet. I do this often before  without any problem. Confirmation was done in max 30 min.

This time not. The fee is set to 0.00001326 BTC (0.00006942 BTC/kb)
The fee is set automatic by Chipmixer. There is no way to change this.
With this low fee I dont think it will be confirmed.
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September 14, 2017, 11:04:46 PM
 #545

Maybe I was a bit to euphoric

Today I mixed some more BTC. First all ok.

With the last 8 chips I got after waiting for hours to be confirmed a marker LOW FEE on every.

Has anyone the same problem?
ofte
Now waiting and waiting and not sure the coins come in.

Contact again ChipMixer.

Do you mean that when you impored the chip's private keys they were funded with unconfirmed transactions, or did you try to sweep the private keys but had to wait a long time while sweeping?
In the second case, you do have to realise you always have the option to import the private keys into a decent wallet and pick your own fee (so it's up to you wether you give a sufficient fee or not)


Yes I use the sweep function to sent the coins to a wallet. I do this often before  without any problem. Confirmation was done in max 30 min.

This time not. The fee is set to 0.00001326 BTC (0.00006942 BTC/kb)
The fee is set automatic by Chipmixer. There is no way to change this.
With this low fee I dont think it will be confirmed.

You can always grab the private keys and sweep the bitcoin addresses yourself manually. This way you could easily control how much you want to pay for the transaction and don't have to go through anyone else's system to do it. That being said, it would definitely be nice if you could choose what fee you wanted to send yourself. It would also be interesting if you could choose to pool multiple transactions together from people sweeping from ChipMixer, albeit that would admittedly make it fairly obvious where the coins are coming from and that they went through a mixer. On the other hand, maybe you can consider this as being privacy through sheer number of addresses? So that there are so many addresses being sent to that nobody can really trace anything back to you. The chip idea would probably go out the window then, however.

Nothing to say.
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September 15, 2017, 04:04:21 AM
 #546

I have mixed some coins just now, and I too received a voucher code instead of (a) private key(s). Is it because the reserve ran dry? Step 2 mentions that all chips are withdrawn.

So far, every time that you get a voucher instead of the private keys to your chips has been because of lack of chips. I assume that for some reason there is very high demand right now, as it is not usually this way. The only time this wasn't the case was back when the fork to Bitcoin Cash happened, which forced ChipMixer (and many other services) to close and wait for security purposes. You can always email them about it to be sure and try to save your session in case it takes longer than it usually does to top up the chips.

Maybe the high demand can be explained by the recent price drop/JC morgan interview/china's ICO ban => people getting scared, wanting to hide the fact that they own BTC, or maybe wanting to mix their BTC before withdrawing?

That's a good theory. If I were residing in China this would definitely be my move. After so much cryptocurrency-related banning in China, the people are probably expecting more. Maybe they're expecting the Chinese government to "ban" bitcoin. again.  Cheesy Cheesy

Damn though. I knew mixing is being used alot, but I didn't know the demand is THIS high.

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September 15, 2017, 11:37:52 AM
 #547

I have used Chipmixer a few times this month and incorporated all chips into my blockchain wallet. When sweeping the private keys into blockchain, I notice that the fee is set really low. It's automatically set by the blockchain wallet system so I have no way of adjusting it. An example of the fee range is 0.00001. Imagine waiting forever for this to confirm.

I found a tentative solution (tentative because I'm hoping there would be other ways to avoid this dilemma) which is to forward the yet-to-confirm amounts swept from the private keys to another wallet but this time, the wallet allows me to customise the fee on the send page. By using a really generous fee using the CPFP model, miners tend to confirm the entire transaction chain, even those with excessively low fees.

I know this is nothing new but but it's an amazing solution when one is stuck with a low-fee bitcoin transaction paid by someone attempting or hoping to exploit the reversibility of an unconfirmed transaction by intentionally sending coins with almost zero fees.


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September 15, 2017, 01:34:31 PM
 #548

I just sent in more coins to be mixed, but again the chips are all withdrawn. I am not even mixing that many coins. In most cases the amounts are between 0.3-1BTC. Larger chip pool is definitely a necessity.
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September 15, 2017, 04:57:29 PM
 #549

again the chips are all withdrawn. I am not even mixing that many coins. In most cases the amounts are between 0.3-1BTC. Larger chip pool is definitely a necessity.
Chips refilled. We are working on long-term solution.

Yes I use the sweep function to sent the coins to a wallet. I do this often before  without any problem. Confirmation was done in max 30 min.

This time not. The fee is set to 0.00001326 BTC (0.00006942 BTC/kb)
The fee is set automatic by Chipmixer. There is no way to change this.
With this low fee I dont think it will be confirmed.
We did not change this function. It takes automatic guess about fee and sweeps it. If current fees are low, your sweep will also have low fee.
ChipMixer offers private key access to your funds. You have full control when and how much fee you will pay. Sweep is less private and lazy option and we are not planning on extending it.

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September 15, 2017, 10:20:23 PM
 #550

We have run out of chips again. New chips are being prepared. We need to find a better solution.

Our current ideas are:
a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC
b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations

What do you think about both ideas?

Honestly, i would say that b would be the best option to go with at the moment.

As long as the fees stay competitive compared to other mixers then it should be completely fine. Having investors would be nice as well, and chipmixer could open up investing for everyone. Previously, bitmixer had a pretty high minimum which meant that only whales could invest.

If this minimum could be reduced then chipmixer can definitely attract a lot of investors, and thus solving the chip shortage issue.

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September 15, 2017, 11:38:22 PM
 #551

We have run out of chips again. New chips are being prepared. We need to find a better solution.

Our current ideas are:
a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC
b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations

What do you think about both ideas?

Honestly, i would say that b would be the best option to go with at the moment.

As long as the fees stay competitive compared to other mixers then it should be completely fine. Having investors would be nice as well, and chipmixer could open up investing for everyone. Previously, bitmixer had a pretty high minimum which meant that only whales could invest.

If this minimum could be reduced then chipmixer can definitely attract a lot of investors, and thus solving the chip shortage issue.
Well i'll vote too in B for now sine i don't see any good in letter A ideas increasing chip pool would great option as of now.. If the fee is cheap as just like before i think there is no other mixer that offering the same as chipmixer service so it will be still chipmixer is the unique one ..
and or investing i think more people right now are looking for this so i think people will be choose chipmixer because its well know and trusted here in forum and investing is in demand these days so more people will choose chipmixer to invest plus they can mix their coin while investing .
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September 16, 2017, 12:13:13 AM
 #552

We have run out of chips again. New chips are being prepared. We need to find a better solution.

Our current ideas are:
a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC
b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations

What do you think about both ideas?
I honestly think B is how it should have been since the beginning. I still do not see how you are even breaking even by providing your mixing services on a pay-what-you-want basis. Given, I do not know how much you are actually obtaining from it, but opening the doors would investing would definitely allow you to have a higher capital with which you could increase your chip pool which in turn would increase the privacy and attractiveness of using ChipMixer. Option A, on the other hand, would not actually fix the problem, but would just indicate when the problem is happening, which would result in less use of the mixer. All of this I say without actually knowing what kind of earnings you guys are actually making, but it is simply my opinion as an outsider.

Nothing to say.
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September 16, 2017, 12:56:07 AM
 #553

We have run out of chips again. New chips are being prepared. We need to find a better solution.

Our current ideas are:
a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC
b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations

What do you think about both ideas?

I would reckon these options really do not conflict each other and i would like to see both being implemented. Investments could be a good idea, but i think if there could be an automatic chip refill mechanism in place that would be even better.

An indicator of how many btc is left in the mixer would be nice as well, and as i said, if both A and B can be implemented simultaneously then it's the best route to go.

But something has to be done as we've seen quite severe chip "droughts" over the past few weeks already.
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September 16, 2017, 03:56:31 AM
 #554

We have run out of chips again. New chips are being prepared. We need to find a better solution.

Our current ideas are:
a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC
b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations

What do you think about both ideas?

I would reckon these options really do not conflict each other and i would like to see both being implemented. Investments could be a good idea, but i think if there could be an automatic chip refill mechanism in place that would be even better.

An indicator of how many btc is left in the mixer would be nice as well, and as i said, if both A and B can be implemented simultaneously then it's the best route to go.

But something has to be done as we've seen quite severe chip "droughts" over the past few weeks already.

There are problems with revealing how much bitcoin are left in reserves imo, because it makes it somewhat easier for people to discover the chips that chipmixer store their funds in and potentially track them.

That way, privacy of mixing is reduced, probably not by much at all but there is a small possibility that this would be detrimental to the user's privacy.

Anyways, i'd go with only b. The automatic refill idea seems interesting as well.

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September 17, 2017, 06:50:03 PM
 #555

We have run out of chips again. New chips are being prepared. We need to find a better solution.

Our current ideas are:
a - kind-of traffic light that will show when chip level is too low - green ok, yellow under 50 BTC, red under 10 BTC
b - massive chip pool increase - that would require to open up for investing and that would require to set flat fee instead of donations

What do you think about both ideas?

I'm noticing a slew of other mixers with their announcement threads on bct. Can't say if Chinagate has anything to do with the increase in demand (it shouldn't) but you might get a better clue to which option to go for if you could somehow gauge the top level of demand. Why I say this is because I think I'm voting with the majority here (B: invest), if only because the option of a massive chip pool increase seems like the nearly immediate solution. I don't want to draw any comparisons with a particular fork of Bitcoin, however, but this solution could also be temporary.

If you could predict the max demand, and then map out growth, then you could open up investment in stages.

Option A is great, and I'm sure very doable but you'll lose customers. Unless Red alert also accurately informs users before completing that they will get vouchers. As long as the vouchers don't come as a surprise, you'll be ok.

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September 17, 2017, 07:36:33 PM
 #556

Why not have it set up where there is a fee scale based on how long you keep your coins on the chipmixer system? ranging from investment return for keeping your coins on for a long period, to paying higher fee when you remove your coins immediately. something like this.

+3 months= +1-2%
2 months= +.50-1%
1 month= +.10-.50%
10 days=  0%
5 days = -0.10- -0.50%
1 day= -0.50%- -1%
immediate withdrawal to 1 day = -1- -2%

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September 17, 2017, 09:26:12 PM
 #557

As long as the vouchers don't come as a surprise, you'll be ok.

At this point there is nothing indicating that people will be getting a voucher as result of there not being any chips available at a certain time. I understand that people will likely end up not depositing coins if the site state that the chip pool is empty, but if one thing is very clear, it is that people will feel uncomfortable when their deposit is 'stuck' and there is no way to get it out. If I read through the FAQ, there can be found a (what are vouchers) headline, but when you read through everything, there is nothing that explains that a voucher is also a tool that is handed to people at the time there aren't any chips available, and that they will be refilled asap. It will give people a piece of mind in the end if this information is included in the FAQ, and will prevent them from popping up in this thread asking why they are getting a voucher.
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September 18, 2017, 06:17:57 AM
 #558

As long as the vouchers don't come as a surprise, you'll be ok.

At this point there is nothing indicating that people will be getting a voucher as result of there not being any chips available at a certain time. I understand that people will likely end up not depositing coins if the site state that the chip pool is empty, but if one thing is very clear, it is that people will feel uncomfortable when their deposit is 'stuck' and there is no way to get it out. If I read through the FAQ, there can be found a (what are vouchers) headline, but when you read through everything, there is nothing that explains that a voucher is also a tool that is handed to people at the time there aren't any chips available, and that they will be refilled asap. It will give people a piece of mind in the end if this information is included in the FAQ, and will prevent them from popping up in this thread asking why they are getting a voucher.

Yeah. If the alert system ensures that they are informed that they will get vouchers instead of chips (at the moment I guess at best the system can only inform of the possibility), and provide a detailed link of how to use the vouchers, I'm very sure people won't mind. If they're already at the level where they're using mixers, and CM at that, they're probably not going to be the "come to bct and whine" type.

Why not have it set up where there is a fee scale based on how long you keep your coins on the chipmixer system? ranging from investment return for keeping your coins on for a long period, to paying higher fee when you remove your coins immediately. something like this.

+3 months= +1-2%
2 months= +.50-1%
1 month= +.10-.50%
10 days=  0%
5 days = -0.10- -0.50%
1 day= -0.50%- -1%
immediate withdrawal to 1 day = -1- -2%


Actually, I like this a lot more. This could be one way of preserving the current fee structure for those who use chips quickly. I'd keep the lowest to 0 though!

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September 18, 2017, 10:54:22 AM
 #559

Why not have it set up where there is a fee scale based on how long you keep your coins on the chipmixer system? ranging from investment return for keeping your coins on for a long period, to paying higher fee when you remove your coins immediately. something like this.

+3 months= +1-2%
2 months= +.50-1%
1 month= +.10-.50%
10 days=  0%
5 days = -0.10- -0.50%
1 day= -0.50%- -1%
immediate withdrawal to 1 day = -1- -2%


This is a very interesting idea. Now you can either withdraw your chips and receive private keys or you can take voucher to withdraw them later. Taking the voucher keeps your chips in the pool.
We could add an investment return for vouchers ie. you keep 1 BTC voucher for some time and when you redeem it you get more than 1 BTC.

The only problem I see here is that it looks exactly like pyramid-scheme. All the accountability that ChipMixer is proud of - we do not keep your funds, we give private keys immediatly - is missing from this investment idea.

Please check your PM, I have sent you 32 mBTC voucher.

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September 18, 2017, 12:08:48 PM
 #560


We could add an investment return for vouchers ie. you keep 1 BTC voucher for some time and when you redeem it you get more than 1 BTC.


Hia!
Any investment platform currently you are offering? I have tried chipmixer earlier this month with some 0.7 btc and they were smooth.
I am willing to see any investment opportunity to grow with you.
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