[ANN] BitWhisk.io ✦ Bitcoin mixing service ✦ Fast, Secure, Awesome!

BitWhisk.io

copper member

Activity: 57

Merit: 6

Quote from: pickupcoin on October 28, 2018, 05:14:58 PM

I know for several similar coin mixing services, they spend much more money to advertise. I'm sure they do not work with the loss. you have the possibility but the competition doing his job. Maybe is time to change your strategy. Also, I don't know about server requirements for your application, maybe you can find a little bit cheaper server for them.

It is not about the competition, it is merely about the fact that I do not have billions of dollars at my pocket. I am a programmer and I have created a service that worked without any substantial issues for nine months, I guess hundreds of people used our mixer and I believe the service may work in this way for a very long time. Five of six times people sent us more than we can handle and every time I returned every Satoshi back to its owner.

Unfortunately, I do not see any more sense in a continuation, I spent too much my own money for this project. Only the sig campaign for a week costed around 0.2 BTC, which was a half of my initial mixing reserve. It was a lot of joy to work on this project and I am happy about this experience, it benefited me in numerous ways. However, my decision is to offer the donation for customers and if none comes just close the doors soon after 5th November.

Peace to everyone.

FleurTunisienne

member

Activity: 265

Merit: 14

Nina

Quote from: BitWhisk.io on October 30, 2018, 03:40:00 AM

Quote from: FleurTunisienne on October 29, 2018, 05:08:28 PM

snip

To be exact the service possesses around 0.32 BTC for send-receive mixing and 0.09 BTC for prepare-takeaway mixing. I didn't get the point of your second proposition.

It wasn't a proposition. Just a hint explanation about that knowledge-skills still need finance to create a complete success. Sorry for broken english.

Quote from: BitWhisk.io on October 30, 2018, 03:40:00 AM

Quote from: FleurTunisienne on October 29, 2018, 05:08:28 PM

snip

What the hell are you talking about here? I am not asking for a loan, I do not require anything, I just do not see any more sense in spending my own funds to maintain the project.
-snip-
You guys on forum sometimes go crazy about the "reputation stuff". I do not see anything illegal or dishonest about my behavior.

You misunderstood my sentence; you are not asking for a loan but asking for donation (begging) which may be considred against the rule like it is the case for "asking for a loan without collateral" . I meant your case which is "money begging" is worst than the second case which is "asking for a loan without collateral". Sorry again for the broken English, am not trying to accuse or insult you in any way

BitWhisk.io

copper member

Activity: 57

Merit: 6

Quote from: TryNinja on October 29, 2018, 09:57:37 PM

Let's assume someone gives you 0.5BTC so you can pay your expenses for the next 3 months... How much would you be able to mix if you don't even have such a low amount to keep your server running?

Btw, thank you for not thinking about exit scamming.

I am not asking about 0.5BTC, the server costs for the next three months is 0.05BTC. It is not a problem for me to pay such an amount. I just do not want to do it. Look, I have already spent on this project around 0.35BTC, after all this is a business and with current mixing reserve it does not bring a profit. Hence, I do not want to continue it, though it was a lot of joy for me. I am ready to maintain the service, but only if it does not eat my money anymore. The only way to achieve it is to offer people to donate. That's it.

Concerning our volumes. First of all, we provide the statistics on our profit, to get access to it you just need to create an account. For nine months we have mixed around 3BTC, which is almost x12 of our reserve. That's all I can say, dry and honest.

Exit scamming is a shame for me, I will not be able to respect myself if I run with someone's money.

BitWhisk.io

copper member

Activity: 57

Merit: 6

Quote from: FleurTunisienne on October 29, 2018, 05:08:28 PM

I can resume that the problem is not for just hosting charges; the service doesn't possess any reserves to handle mixing operations. Your programmation skills may help you run the service in a safe way but can't assure efficacity for potential clients, nor for investors or donators.

To be exact the service possesses around 0.32 BTC for send-receive mixing and 0.09 BTC for prepare-takeaway mixing. I didn't get the point of your second proposition. With my skills I have built the service from scratch and advertised it on this forum. I have managed to attract a significant number of customers taking into account that almost no marketing was involved.

Quote from: FleurTunisienne on October 29, 2018, 05:08:28 PM

Yes you are a beggar now and this post may be considered worst that "asking for loan with no colletaral", which is against the forum rules and may cauz you troubles.

What the hell are you talking about here? I am not asking for a loan, I do not require anything, I just do not see any more sense in spending my own funds to maintain the project. I offered people to donate around 300$ to cover server's costs for the next three months. If no one is ready to share money with me -- it is completely OK. I will just close the service after 5th November. That's it, that's the whole story. That simple.

You guys on forum sometimes go crazy about the "reputation stuff". I do not see anything illegal or dishonest about my behavior.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: ?? on ??

~

Let's assume someone gives you 0.05BTC so you can pay your expenses for the next 3 months... How much would you be able to mix if you don't even have such a low amount to keep your server running?

Btw, thank you for not thinking about exit scamming.

FleurTunisienne

member

Activity: 265

Merit: 14

Nina

Quote from: ?? on ??

If someone likes our service you still may help us to stay in the business. To continue server rent for the next three months I need around 0.05 BTC,

I can resume that the problem is not for just hosting charges; the service doesn't possess any reserves to handle mixing operations. Your programmation skills may help you run the service in a safe way but can't assure efficacity for potential clients, nor for investors or donators.

Quote from: ?? on ??

so if you feel like you want to support us, direct your donations to our official address:

1BWhisku6FmdcWk776vrqb2KHs88r5oicp

Yeah-yeah, I know, I look like a beggar now. You may blame me.

Yes you are a beggar now and this post may be considered worst that "asking for loan with no colletaral", which is against the forum rules and may cauz you troubles.

I suggest you to resume the situation in one clear topic then post it in the Project Development board.

pickupcoin

legendary

Activity: 1203

Merit: 1000

I know for several similar coin mixing services, they spend much more money to advertise. I'm sure they do not work with the loss. you have the possibility but the competition doing his job. Maybe is time to change your strategy. Also, I don't know about server requirements for your application, maybe you can find a little bit cheaper server for them.

FleurTunisienne

member

Activity: 265

Merit: 14

Nina

Quote from: ?? on ??

The profit we gain from our operation is very small and does not cover the server's costs. Hence, I think about closing the service's doors after 5 November approximately.

Sad to read that your service will shut down after 9 months reputation build. Some projects may take years to be widely known as the key to success was always patience.
There must be solutions for financial issues if the service is doing well for this long time, so why not running an ipo (btc based) or make some partenerships with actual influencers in the crypto market. Your decision may be based on sophisticated conditions but this would be depressive for all the enthousiasts.

Quote from: ?? on ??

I am proud we did not cheat anybody and we are going to disappear with a light heart. If you have something to say, please do here, I am still monitoring this post.

Please edit the OP with this new announcement [make it extra bold in Red color] to warm everybody then try to keep frequenly pumping this thread. Publish the announcement in all your official channels as you should mention this in the main website before the 5th November.
I don't know if this may help but may be you have to inform moderators here (they are always interrested in such important announcement) .

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: BitWhisk.io on March 29, 2018, 04:17:28 PM

We will develop alternative strategy for marketing through this forum. Either it will be a signature campaign with a trusted manager or maybe a campaign without a manager with an escrow. Let us think about the happened situation for the couple of days. It was a lesson for us.

Best regards,
BitWhisk.io

Did you find a reputable signature manager to host your campaign? I see your 1 week campaign went well, so I figure that

kind of marketing is ideally suited for this kind of business, right? I have participated in loads of mixer sig campaigns in the

past and consequently started to use those services and I am still using some of them. Unfortunately my best service got

a guilty conscious and closed their doors. Sad

Good luck with your project, I will take a look at it and post something on this

forum. Grin

BitWhisk.io

copper member

Activity: 57

Merit: 6

Allright, now the service is up and working. Time to announce what has been added.

New mixing mode is implemented

In addition to classic send-receive scheme we have implemented so-called prepare-takeaway mode. It works very simple:

Create account and top up your balance (read why we need this step in our faq);
Tell us an amount to mix;
We prepare a stash on our address (you can see it on any block explorer) and generate two incoming addresses for accepting your deposit;
After your coins arrive we reveal the private key of the stash address;
Import private key in your wallet;

Authorization opens up even more functionality. Inside of account you will be able to monitor our earnings statistics and invest in BitWhisk.

Backward compatible

You may continue using our service without registration. Send-receive mixing mode is available instantly. We have improved UI and hope your experience will become even better.

Testing

We need enthusiasts ready to test our new mixing mode. To become a tester you need to create an account and write me a PM here, I will add some coins to your account balance so you will be able to use a new mixing mode with ease.

For more information, you may read our FAQ.

BitWhisk.io

copper member

Activity: 57

Merit: 6

Hey guys! This thread was untouched for couple of months. All this time I was working on the project and now BitWhisk v2.0. is about to appear. Please do not use our service in the upcoming hours, I am deploying the updates!

All details will be announced here after the work is completed.

BitWhisk.io

copper member

Activity: 57

Merit: 6

Quote from: Rath_ on June 03, 2018, 11:31:07 AM

I don't think if there is any mixing service which shares their source code. This would definitely distinguish you from the others. However, wouldn't it expose your method of mixing coins and make it easier for someone to track people who have used your service?

Yes, it is a very good question, dear BitCryptex. I do not think that publishing code may harm customer's privacy. It is just an algorithm, knowledge about its details doesn't make tracing coins easier.

Though, it is a very serious step and I am still thinking about it carefully.

Quote from: Rath_ on June 03, 2018, 11:31:07 AM

What else are you working on right now?

We still have some directions for development, for example, I would love to introduce a new mixing mode: with the revealing of private keys, in addition to implemented send-receive scheme. This allows to transfer coins to the past, which is great. However, for that purpose I need more coins, because this new mode should work kind of independently from the existing system.

Current functionality is pretty stable and TBH, after creating JS-free version and api I have no ideas on what can be added. I constructed the system assuming it should handle hundreds of transactions per day and we do not have so many traffic yet Grin

Hence the further development is not about coding, but more about finding investors, which is much more complicated than programming.

If you have any ideas for development, let me know.

Quote from: Rath_ on June 03, 2018, 11:31:07 AM

Thank you for a non javascript version of your website.

I am glad you liked it. Thanks for your feedback, it is important for me.

Rath_

legendary

Activity: 1876

Merit: 3132

Quote from: BitWhisk.io on June 02, 2018, 06:41:06 PM

We also want to increase the trust to our service and the following idea comes to mind. What if we publish our backend source code? Of course, nobody can check that this code is installed on server, however anybody could read it and make sure it makes sense. What do you guys think about that? Would you be interested in seeing BitWhisk source code?

I don't think if there is any mixing service which shares their source code. This would definitely distinguish you from the others. However, wouldn't it expose your method of mixing coins and make it easier for someone to track people who have used your service? What else are you working on right now? Thank you for a non javascript version of your website.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: BitWhisk.io on June 02, 2018, 06:41:06 PM

We also want to increase the trust to our service and the following idea comes to mind. What if we publish our backend source code? Of course, nobody can check that this code is installed on server, however anybody could read it and make sure it makes sense. What do you guys think about that?

Even though I'm not a back-end type of guy, I think it's a good move (for transparency's sake [to an extent]).

BitWhisk.io

copper member

Activity: 57

Merit: 6

So, it's time to summarize the current state of our project.

With the help of users of this forum we performed a thorough testing (thanks to everybody who participated). We have worked a lot to make our service better and the main features up to the moment are:

1) Miner's fee rate for output transactions is controlled by users,
2) JS-free version of our interface is implemented,
3) REST API is implemented.

We also performed 1-week signature campaign. Now we have customers using our service with some periodicity. For the whole period we have mixed around x5 of our reserve.

Currently we are seeking for the ways to attract people's attention to our service and find some investors. Hope that soon our press release will appear on one of the news platforms devoted to cryptocurrency.

We still have directions to develop, however we need to increase our reserve before digging into development.

We also want to increase the trust to our service and the following idea comes to mind. What if we publish our backend source code? Of course, nobody can check that this code is installed on server, however anybody could read it and make sure it makes sense. What do you guys think about that? Would you be interested in seeing BitWhisk source code?

BitWhisk.io

copper member

Activity: 57

Merit: 6

Dear friends,

we have developed a simple REST API for using our service. All the documentation is available at the link above.

BitWhisk.io

copper member

Activity: 57

Merit: 6

Hey guys, here we are with the great news!

Now all the functionality of our service is available without Javascript! You can simply disable it in your browser settings (presumably Tor) and enjoy mixing with us. No additional actions from your side are needed.

Of course, the interface without Javascript is raw and simple and you are supposed to understand what you are doing (we wont be able to show popups telling that you need to download the Letter of Guarantee).

If someone can test this new functionality it would be great! Any feedback is welcome Cheesy

p.s. A small bug concerning payments with smallest miner fee rate (1 sat/b) is fixed. Now if our bitcoin client thinks that the fee rate is too small we just raise it a little bit (add 1 sat/b until the transaction is sent).

BitWhisk.io

copper member

Activity: 57

Merit: 6

Dear friends, yesterday we had a small downtime due to hosting problems.
Now the system is up and works in a regular mode.

Currently the small bug is discovered when trying to mix coins with small miner's fee rate (around 1-2 sat/b). We will fix it in a couple of days.

daarul50

legendary

Activity: 1596

Merit: 1034

It took a long time to gain confidence in a new coin mixer. I believe if you continue to work hard and keep the trust of the users, then the trust of this new coin mixer will quickly grow and develop, let alone assisted by advertising in the form of signatures that make this new mixer coin is seen by many people and make them curious about the quality and service provided . Good luck.

BitWhisk.io

copper member

Activity: 57

Merit: 6

We will develop alternative strategy for marketing through this forum. Either it will be a signature campaign with a trusted manager or maybe a campaign without a manager with an escrow. Let us think about the happened situation for the couple of days. It was a lesson for us.

Best regards,
BitWhisk.io

Topic: [ANN] BitWhisk.io ✦ Bitcoin mixing service ✦ Fast, Secure, Awesome! (Read 706 times)