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Author Topic: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented  (Read 65972 times)
LoyceV
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September 18, 2017, 12:45:40 PM
 #561

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.
This is exactly what I thought when reading that proposal. I do like it, and it makes perfect sense, but it sounds very dodgy.
It's better to keep an investment-option separate from the mixing part of the site.

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ChipMixer
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September 18, 2017, 01:48:36 PM
 #562

Any investment platform currently you are offering?
We are currently discussing this possibility.

I do like it, and it makes perfect sense, but it sounds very dodgy.
It's better to keep an investment-option separate from the mixing part of the site.

If we keep it separate - we have to add investor panel, user accounts, set % fee and publish how much was mixed. Investor list would be limited to a few big investors who would have more data than it is public.
If we keep it together - it is easy to add, our current customers (who already trust us) could invest even small amount, investments are anonymous (even to us) and we do not publish volume.

But

If we keep it together - we cannot limit how much investment we receive - vouchers are important part of ChipMixer, we cannot stop issuing them when we have enough investment in the pool. And if there is too much investment, we pay more than we earn. And that is exactly pyramid-scheme.
If we keep it separate - we control size of the pool and we have contact with investors. It is more professional way of doing business.

I feel naked without signature :O
ChipMixer signature campaign is open :O

LoyceV
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September 18, 2017, 02:33:02 PM
 #563

If we keep it together - we cannot limit how much investment we receive - vouchers are important part of ChipMixer, we cannot stop issuing them when we have enough investment in the pool. And if there is too much investment, we pay more than we earn. And that is exactly pyramid-scheme.
You could influence this by lowering (or increasing) the "interest" on vouchers, to discourage (or encourage) more investments. But it is still far from ideal.

Any thoughts on the other suggestion I made before: automate chip production?

Quote
I feel naked without signature :O
ChipMixer signature campaign is open :O
I just saw it (before reading it in your post), and applied already Cheesy

blac
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September 20, 2017, 10:11:06 AM
 #564

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....


I sent over 8 coins, mixed them. Pulled off the import to electrum info imported but completely forgot to broadcast the transaction. I copied over the session token to check my betting provs tomorrow... then deleted the session, is there anything I can do... omg

Is there anyway to see things I've recently copied in windows somewhere besides the most recent?
LoyceV
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September 20, 2017, 10:39:28 AM
 #565

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....


I sent over 8 coins, mixed them. Pulled off the import to electrum info imported but completely forgot to broadcast the transaction. I copied over the session token to check my betting provs tomorrow... then deleted the session, is there anything I can do... omg

Is there anyway to see things I've recently copied in windows somewhere besides the most recent?
The bold part is unclear to me: did you import the private keys into Electrum? If so, you should still have them saved within your Electrum wallet.
Deleting the session is meant to remove all traces of your private keys from ChipMixer's server. That can't be recovered on their side, otherwise it wouldn't be very secure.

I'm no expert on Windows, but the more you use your current computer, the less likely it becomes to recover anything.

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September 21, 2017, 12:46:37 AM
 #566

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....


I sent over 8 coins, mixed them. Pulled off the import to electrum info imported but completely forgot to broadcast the transaction. I copied over the session token to check my betting provs tomorrow... then deleted the session, is there anything I can do... omg

Is there anyway to see things I've recently copied in windows somewhere besides the most recent?
The bold part is unclear to me: did you import the private keys into Electrum? If so, you should still have them saved within your Electrum wallet.
Deleting the session is meant to remove all traces of your private keys from ChipMixer's server. That can't be recovered on their side, otherwise it wouldn't be very secure.

I'm no expert on Windows, but the more you use your current computer, the less likely it becomes to recover anything.

wtf, over 8 coins, and you destroyed before really shown on your electrum balance?
idk, what do you mean "broadcast the transaction" but you need to import your private keys, so then you didn't pressed the import button???
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September 21, 2017, 12:55:27 AM
 #567

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....


I sent over 8 coins, mixed them. Pulled off the import to electrum info imported but completely forgot to broadcast the transaction. I copied over the session token to check my betting provs tomorrow... then deleted the session, is there anything I can do... omg

Is there anyway to see things I've recently copied in windows somewhere besides the most recent?
That doesn't make sense. What do you mean with "forgot to broadcast the transaction"? ChipMixer will provide you with funded private keys. You don't need to broadcast any transaction to get your mixed coins. As soon as you import the private keys in an Electrum wallet, you are good to go.

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September 21, 2017, 01:33:17 AM
 #568

https://i.imgur.com/GLAUkFH.png

what should i do now?
i can't open my session from any browser
btcton
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September 21, 2017, 04:15:09 AM
 #569

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.

Besides the pyramid scheme stuff everyone is talking about, another problem is that vouchers could be all saved up and reclaimed at the same time, and if this is done at a large scale, it is unlikely that ChipMixer is going to have enough chips to redeem the vouchers. Other than that, I do agree that it could be seen as a potential long-term scam, so maybe it is better if it is simply kept as it is. No point in playing with the trust that you have already earned and risk losing it.

Nothing to say.
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September 21, 2017, 04:25:27 AM
 #570



what should i do now?
i can't open my session from any browser
It would appear that chipmixer.io is currently offline/down... http://downforeveryoneorjustme.com/chipmixer.io

Hopefully it is back to normal soon Smiley

mocacinno
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September 21, 2017, 06:20:34 AM
 #571

It would appear that chipmixer.io is currently offline/down... http://downforeveryoneorjustme.com/chipmixer.io

Hopefully it is back to normal soon Smiley

It seems to have been a temporarry problem, it's back up now Smiley

jodoidao
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September 21, 2017, 07:16:44 AM
 #572

Been trying to use this mixing service but it seems it is down on daily basis or always out of bitcoins...
Don't you have a reserve of your own to provide bitcoins or is it simply using new customers bitcoins to pay for old customers?
HCP
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September 21, 2017, 09:48:47 AM
 #573

Don't you have a reserve of your own to provide bitcoins or is it simply using new customers bitcoins to pay for old customers?
If you read back a page or three, you'll see that they're considering various solutions to the "out of chips" issue... currently, it would appear that their setup doesn't scale well... and since the demise of bitmixer, they've become VERY popular... so, in a way, they've become victims of their own success.

I'm personally hoping for an investment option to increase the bitcoin pool... I'm always on the lookup for ways to make my bitcoins earn their keep Wink

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September 21, 2017, 10:03:30 AM
 #574

Don't you have a reserve of your own to provide bitcoins or is it simply using new customers bitcoins to pay for old customers?
If you read back a page or three, you'll see that they're considering various solutions to the "out of chips" issue... currently, it would appear that their setup doesn't scale well... and since the demise of bitmixer, they've become VERY popular... so, in a way, they've become victims of their own success.

I'm personally hoping for an investment option to increase the bitcoin pool... I'm always on the lookup for ways to make my bitcoins earn their keep Wink

I understand this but it just seem to me very weird that a mixing service will run our of coins... I mean you just mix the coin and re use them for other people no? If it is so successful he should never run out of coins.
The more people that use your service the more coins (fees) you make and you can provide a stronger anonymity  to your clients.
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September 21, 2017, 10:20:31 AM
 #575

I understand this but it just seem to me very weird that a mixing service will run our of coins... I mean you just mix the coin and re use them for other people no? If it is so successful he should never run out of coins.
The more people that use your service the more coins (fees) you make and you can provide a stronger anonymity  to your clients.
You realise they work on a "donation" basis right?  There are no fixed fees with ChipMixer... it is totally voluntary... So it's quite possible that they are making 0 BTC of every trade (and actually losing as they have to pay transaction fees to create chips).

Now, suppose they start off with 1000 BTC... and then they have 2000 users who all deposit 1 BTC... how exactly are they going to give out 2000 BTC when they only started with 1000 BTC?

They need time to convert the deposited BTC into chips for users to be able to withdraw... it's not instant! Tongue

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September 21, 2017, 11:19:21 AM
 #576

Well even if all the users deposit at once (which is highly unlikely) they simply give to every user the other users bitcoins so they should never ran out of coins... they get 2000 BTC with your example and they need to give out 2000 BTC so they don't even need to use their own supply!

About the 0 percent fee it seems not sustainable in the long run.. maybe they should change the fees or they will soon go bankrupt and will not be able to continue to mix.
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September 21, 2017, 11:28:27 AM
 #577

Well even if all the users deposit at once (which is highly unlikely) they simply give to every user the other users bitcoins so they should never ran out of coins... they get 2000 BTC with your example and they need to give out 2000 BTC so they don't even need to use their own supply!
You're missing the one thing that makes ChipMixer unique: the coins you get back are older than the coins you deposit. That means ChipMixer doesn't just use my deposit to pay you, and your deposit to pay me.

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September 21, 2017, 11:31:44 AM
 #578

So it seems the more the service is popular the faster it will fail
ChipMixer
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September 21, 2017, 12:06:39 PM
 #579

please god someone tell me there is a way to get my session back after I destroyed it. or anything I can do....
When you destroy your session, there is nothing we can do to restore it.

I sent over 8 coins, mixed them.
If you mean 8 mBTC, please contact our support.

Well even if all the users deposit at once (which is highly unlikely) they simply give to every user the other users bitcoins so they should never ran out of coins...
We do not run out of coins - we run out of chips.
ChipMixer does not work like other mixers. We create fungible chips - we generate private key and fund it with specific amount of BTC. When you deposit your coins, your receive chips that were funded before your deposit, which breaks connection between input and output.

If we prepare chips for 1000 BTC and customers deposit 2000 BTC then we run out of chips while we still have 2000 BTC in the wallet.

It would appear that chipmixer.io is currently offline/down...
ChipMixer.com is our main domain.
We were under DDoS attack. Tor service was not affected.

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September 21, 2017, 12:26:31 PM
 #580

We do not run out of coins - we run out of chips.
ChipMixer does not work like other mixers. We create fungible chips - we generate private key and fund it with specific amount of BTC. When you deposit your coins, your receive chips that were funded before your deposit, which breaks connection between input and output.

If we prepare chips for 1000 BTC and customers deposit 2000 BTC then we run out of chips while we still have 2000 BTC in the wallet.
Thanks for explaining it a bit better than my "6 beers deep" brain was capable of Wink This was exactly what I was trying to convey... but obviously failed... the whole point is the "time travel" where my "chips" are already funded before my "deposit"... it's a great system! Cheesy



It would appear that chipmixer.io is currently offline/down...
ChipMixer.com is our main domain.
We were under DDoS attack. Tor service was not affected.
[/quote]
I suspected as much, but figured it wasn't my place to say so... honestly, why do people do this sort of thing? What do they gain out of it? Huh

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