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Author Topic: I'm Having difficulty understanding Chipmixer  (Read 116 times)
platinumsteel2016
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September 17, 2019, 03:26:28 PM
 #1

I have used bitblender over the years. The process was easy to understand. I have heard that Chipmixer is a good mixer to use.
It is terribly confusing to understand. Can anyone help to figure out the procedure (layman terms please)!

Hoping to hear from you fairly soon (thanking you in advance).
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bitmover
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September 17, 2019, 05:28:26 PM
Last edit: September 17, 2019, 05:42:22 PM by bitmover
 #2

Their Ann explain how it works


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 link: http://chipmixerwzxtzbw.onion/

Clearnet link: https://chipmixer.com/



They use chips, which are output of specific sizes, like 0.001, 0.002 and so on. So you will receive those chips back.

Chipmixer has a great community support here on bitcointalk.

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September 17, 2019, 07:30:31 PM
Last edit: September 18, 2019, 04:12:09 PM by aundroid
 #3

ChipMixer works a little different than other btc mixers -instead of merging your Bitcoins with those of other users, they' have developed a system based on chips.
Each time a user deposits Bitcoin, the user receives the equivalent in chips.
The value of each chip is pre-defined and is supported by Bitcoin addresses already set up and pre-financed by ChipMixer.

Once you have received the chips, you can do the following:

Quote

You can split big chip into two small ones ie. 0.064 BTC chip into two 0.032 BTC chips.

You can merge two small same-sized chips into big one ie. two 0.032 BTC chips into 0.064 BTC chip.

You can bet a chip to either receive twice as big one or receive nothing. Chance to receive big chip is around 47% and is provably fair.

You can donate a chip to pay for our service. If you only have big chips, you can split them before donating.

Finally, you can withdraw a chip or all chips. This will reveal their private keys you can import into your Bitcoin wallet.
[source: https://chipmixer.com/faq]

For further details I would recommend to just read the FAQs I linked above.

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September 18, 2019, 04:03:20 PM
Merited by vapourminer (1), aundroid (1), DdmrDdmr (1)
 #4

[source: https://chipmixer.(removed)/faq]

For further details I would recommend to just read the FAQs I linked above.

Remove the link in your post, you've just linked to a scam clone website.
https://bitcointalk.org/index.php?topic=5163858.0

Those are the domains for chipmixer:



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September 18, 2019, 04:10:30 PM
Merited by stompix (1)
 #5


Remove the link in your post, you've just linked to a scam clone website.
https://bitcointalk.org/index.php?topic=5163858.0


Thanks for the info. Already edited it.

I just searched for "chipmixer faq" and took the first result.
Hadn't paid any attention to the top-level domain.
fu**ing scammers everywhere.
Thanks again!

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September 18, 2019, 04:34:37 PM
 #6

~

Thanks for the info. Already edited it.

I just searched for "chipmixer faq" and took the first result.
Hadn't paid any attention to the top-level domain.
fu**ing scammers everywhere.
Thanks again!

Well, everybody makes mistakes and unfortunately google is taking almost no action no matter how many reports are there, they even allowed them to advertise via google ads. The only good thing they've done is taking action against homograph attacks.

Bottom line, always double-check what you visit and triple check where you send your money, especially when it comes to bitcoin.

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