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

[x31337]

everything back to normal, just mixed 0.5 btc now

Keep this good service up! 

[smbc]

Just tried your service for the first time. i got a voucher code from your website, but NO private key. When I enter the voucher code to redeem it, your service always generates and shows a new one and when I click on import to Electrum, the box is entirely empty and doesnt show any private key at all.

Please tell me how to gain access to my mixed coins.

EDIT: All fine, was able to recover the coins now using the voucher code. Seemed to be some temporary missing stock of "chips".

[randy8777]

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 Step 2 mentions that all chips are withdrawn.

[1Referee]

Yes, we have had a very busy day mixing and run out of chips. We are refilling, so if you have voucher you can redeem it now. If you have sent us an e-mail, check for reply. If you still have a problem or cannot redeem voucher, please send us an e-mail.

Looks like there is a whole lot of demand for this service in the last days, which explains why there aren't any chips available at this point to withdraw. I am quite sure that ChipMixer is well aware of this and is doing everything to refill their chip pool to start allowing people to withdraw chips again. It's a bit annoying for people having to wait, especially if you're in a hurry to settle whatever transaction, but it shows that this service is experiencing actual usage, and that is a good thing. Perhaps an idea to show an actual live pool value statistic to make people aware of how many coins there are ready to be withdrawn? It doesn't have to be an exact figure, but something in the range of [+250BTC available] would be a great and helpful indicator.

[btcton]

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 Step 2 mentions that all chips are withdrawn.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.

[mocacinno]

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?

[newestuser1]

After using chipmixer in the past without any problem, today we run in some trouble.

After successfull deposit to the given wallet address from the chipmixer site, I see nothing....to withdraw. The website says withdraw was  already done. But it was not possible to do so. There was no buttons shown for this. Just goes to this message. I contact the guys from chipmixer now with proofs and we will see. Hope the best that its only a little problem.

[randy8777]

I will keep waiting patiently as there is no real hurry for me at this point. I saved everything needed to restore my session. There must be a huge load of demand for a trustworthy mixing service after the shutdown of Bitmixer. I have used Chipmixer before and I am a great fan of the chips with each a different face value. It allows me to enjoy more privacy than at the time I was still mixing coins through Bitmixer.

[HeRetiK]

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?

My educated guess would be the latter. There are probably quite a lot of people that either want to lock in their profits or hedge against currency risk, just in case that the bull market is over.

[ChipMixer]

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?

[ChipMixer]

Maybe the high demand can be explained by JC morgan interview

Volume spike was before JC morgan "bitcoin is a scam".

[BitHodler]

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?

Allowing people to invest is the only proper way of dealing with demand surges, but a chip pool status should be mandatory.

If you're able to offer potential investors a decent return, basically in the same way bitmixer used to do it, you'll build up a +1000BTC reserve in a fairly short period of time ~ this will also help attracting high volume users.

With high volume users I am referring to people mixing like 10-20BTC per time, and that in a frequent manner ~ these people are basically accounting for a decent chunk of the longer term profits you as service will make.

[BitFinnese]

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?

My educated guess would be the latter. There are probably quite a lot of people that either want to lock in their profits or hedge against currency risk, just in case that the bull market is over.

I believe it is the shutting down of bitmixer, the effect of it to the market will be felt not right after the shutdown but rather a week or more since regular client of that service would be hesitant to use other services.  It takes time and a few little transaction for this big client to incline their trust to chipmixer and it does happen this past days.  Though I am considering the fact about the current FUD to Bitcoin and people wanted to play in safe zone by removing the trace of them holding an amount of Bitcoin is another reason.

[warningsigns]

I strongly recommend introducing a fee-based system as that would make your mixing business a profitable one. Even if, say, one assumes profit is a secondary motivation (which is a difficult one if one wants to keep any kind of business sustainable and gainful) keeping a business model alive and afloat by relying on donations alone might not provide healthy revenues. If the bulk of mixing are being transacted by certain stingy users (the Chinese are notorious penny pinchers) you might see the service used as a free bridge to cleaning cryptomoney.

Creating all these chips requires time and effort. As an advertiser of your mixer, I am happy to spread the word on this platform but also writing this out of concern that all your time and effort in keeping the mixer operational is not being given the fair and rightful reward you deserve.

[TryNinja]

Honestly, I would introduce a flat fee instead of using donations.

The truth is that a lot of your users will only use your services instead of the other competitors to avoid paying their 1% to 3% fee. And this isn't as good as it should be. There will be more users, but this won't increase your profit ratio, since they are not paying for the mixing service. Instead, your chip pool will run out faster and you will need to spend more with the Bitcoin transaction fees to produce more chips.

[HCP]

If you go "flat fee"... I would suggest that you implement it as a "random" fee in a "range"... ie. 0.0005 to 0.001 for example (or a range of percentages or whatever)... a simple flat fee would negate some of the benefits of mixing as it would be easier to trace if "money out" was always equal to "money in - fixed fee".

I am sure that you would find there is no shortage of folk who would be interested in investing

[smbc]

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 support option A and B, however, B with some restrictions. I assume the motivations of people to use your mixer are:

1.) The very innovative way of mixing with chips. This is a very good thing compared to all those flow-in  flow-out mixers that are just handing over other "dirty" coins to you and users consider them mixed what they basically aren't. Just there is no trace back to your OWN coins anymore.
Chipmixer is a great innovation and a logical further step in crypto mixing. Thumbs up there!

2.) We should not lie on this one - people are using your mixer primarily because of the basically non-existing fees. Seriously, I wouldnt call 0.0005 BTC or something a fee at all if considered people are mixing hundreds of coins there every day. Although I want to make clear: I believe, if you would "drastically" increase your fees onto a level of [banned mixer] (or ex-monopolist bitmixer.io), speaking of something like 0.5-3% what is ridiculous  at some point (especially 2-3%), you would loose a significant user base.

My advise for you here: Search for investors to increase your chip reserve. Implement a "traffic light" to show how many chips are left (brilliant idea, the sooner that would come the better actually ) + forced fee of something like 0.2%. I am very sure you wont loose any traffic or users then. People must be willing to pay this amount for your service or they should use anonymous coins like Monero instead. You spend a lot of your time and efforts into your project and I highly appreciate that and think users should show some kind of support to keep this thing alive.

My two cents here. Good job folks I love your site

[randy8777]

I have successfully redeemed the coupon as the chips have been refilled. Unfortunately, the merge option wasn't available which left me with a bunch of smaller chip values. In regards to what to follow as example, looking at how bitmixer used to do everything was how people were liking it. Instead of a flat fee, allow people to manually set a fee ranging from 0.5-2%. If you let people to adjust their fees in the way of 0.8356%, 1.0346%, etc, people will never end up with the same fee.

[newestuser1]

Everything ok and I get my coins.

Thanks for the info. Now I understand more. If running out of the chips we get a voucher. The voucher we can use later if new chips are available.

The ideas are good.

a, its very recommended.
b, will be interesting. You should make this. I will invest some.

Using ChipMixer today without any problems 
 

[LoyceV]

however it kept saying ''This voucher is invalid or already redeemed.''

If there is any error, ChipMixer never responds with "invalid or redeemed".

When I enter something random as voucher, I get the exact same message: "This voucher is invalid or already redeemed."

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?

Option a should be easy an fast to implement, so I'd say: do it now.
Option b might work for future growth, but it requires all chips to be stored in a hot wallet. ChipMixer already has quite a considerable amount of Bitcoins on a hot wallet, which means it can lose quite a considerable amount if it ever gets hacked.
If you're willing to risk many coins on a hot wallet anyway, may I suggestion option c:
c - automate chip creation, convert deposits into new chips instantly, and add them to the tail of the chip pool: first in first out.