Topic: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented - page 103. (Read 92822 times)

Hello, I just have discover that one of chips by Chipmixer was empty and never received any btc before, it means chipmixer give me private key of empty wallet instead wallet with btc
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There is no point to step 1.

If anything, all you are doing by "importing" your private key into a wallet, is increasing the chances that your funds might get stolen... due to exposing the private key (ie. having to type or copy/paste it into a potentially compromised computer) and leaving the funds sitting on that key for a period of time. Granted, given proper precautions are taken, the likelihood of that is relatively low, but still... it is an unnecessary step.

It doesn't really "disconnect the transition from the blockchain"... as there is no "transition". The funds remain on the same address (as controlled by the private key) as already recorded on the blockchain.


If by disconnect, you mean that it removes the chance for ChipMixer to "go rogue" and steal your coins... then yes... your funds are now "disconnected" from ChipMixer.

However, as the blockchain is a permanent, public record, it will more than likely be possible to show that the funds originally came from an address that was more than likely related to ChipMixer... so the funds can probably be traced back to ChipMixer, so technically, they're likely to stay forever "linked" with ChipMixer.


In short... just "sweep" the key... this means you only "expose" the private key once and can then discard it.

So if i would like to withdraw funds from chipmixer it'll the best if:

1. Export the private key from chipmixer to wallet --> Disconnect the Transition from the Blockchain

2. Sweep the funds from the private key which had epxort in your wallet from step 1 in an other wallet --> Diesconnects the funds form chipmixer due to private key exchange.

So my assumption that this is the best way cause the first step disconnects your from the blockchain and the second one from chipmixer.

Even if the last step connects you with the blockchain again you are not linked with chipmixer anymore in this transition.

Plz. correct me if my conclusion is  wrong

best regards  moejoejay  

 

The key was created by ChipMixer. So you can't really know for sure that they don't have a backup of the private-key. In the end, you must trust them if you want to keep using the same address they gave to you. That's why they recommend you to sweep the funds from the private-key to an address that only you have access.

Yes. They create and fund the addresses. So they obviously had access to the address private-key.

Sorry some things  i dont get it completely

 
What did you mean with "empty" ?  Did you mean if i export the private key into my wallett the key is useless for an third party ( in this case chipmixer)?


But you still know this  private key before i'm able to export these into my walett  or ?  


best regards moejoejay

sweeping only provides extra convenience to users who does not have import abilities
getting private keys was meant for immediate use not long storage (privkeys known by ChipMixer)
yes basically it's how much you trust ChipMixer, you entrusted your bitcoin when you make deposit

you have 3rd option: 3. Receive voucher code
If you trust ChipMixer like you're holding those private keys now, I recommend getting a voucher code instead
and only export chip amount as needed and get the rest on a voucher code again,
you can combine voucher code with your next deposit to create a new voucher code
once you have a big enough whole chip, get a single private key and send to yourself with your own preferred fee

If you send funds to ChipMixer, you already handed over the control of your funds to a centralized party, so that doesn't make things any different or 'less secure' when it comes to ChipMixer knowing the private keys of your chips. The idea of the private keys you get from chips is that you empty them as soon as possible. You can delay this process as much as you want, but that all depends on your personal trust in ChipMixer. I personally tend to wait between 1 and 5 days, which also depends on the date the chip was created....

Hey guys

I ve got some considerations about to transfer your funds from chipmixer.

From my point of view there 2 opinions to transfer your funds.

1. Transfer over Sweeping:

Good: No private key is involved.
Bad: Fee and the transaction is on Blockchain

2. Transfer directly with export the private key

Good: no traces on blockchain and no fees
Bad: Chipmixer already knows the private key and could theoretically own your funds.

Is this cocrrect so far ?  And if so then i have to trust chipmixer in an unlimited way or ?

best regards moejoejoejay

No but the way with explain everything around it and why gambling sites are a bad choice and

of course may if youre going to buy sth. like  for an gorvernment critical organisation  like greatfire or wikilekas it's a good a idea to take the

additional second layer of anonymity in form of an second mixer.

regards johnjoejay

In other words, utilizing the mixer the way that it was most efficiently designed? lol

sounds like an fairly suffcient way for almost every transaction

guys thanks for guidance

best regards johnjoejay

What about a simple Wallet 1 -> ChipMixer -> Wallet 2? Or if for some reason you still want to go through 2 hops, I believe that using a different mixer (or mixing twice through ChipMixer) would be best idea. At least they work with the idea that they don't keep logs. While most exchanges/casinos don't give a damn and will log everything they can.

so folks what do you think whats the best bet

regards johnjoejay

An exchange or casino can hide a connection for the outside world, but make no mistake: they keep their own records of all transactions forever!

Be very careful with using gambling sites, especially if you're dealing with large amounts... if you have a read through the scam accusation threads and gambling forums you'll find "scam" accusations against sites who have blocked "suspicious" withdrawals... in several instances it would appear to be people attempting to "launder" coins through various gambling sites.

Additionally, a number of sites will have "play through" or turnover requirements that require you to wager a various amount before you can withdraw.

How about this:
Wallet 1 --> Exchange (No KYC)  --> Chipmixer TOR  (Splitting) --->  KeyImport (not sweep) --> Wallet 2
this would mix your coins twice, the exchange would somewhat emulate a coin mixer too
choose an exchange with no verification requirement for the same reason you use mixer
of course there is a risk doing it via exchange and extra tx fee that they usually charge higher than normal

or replace Exchange (No KYC) with freebitco.in (low fee) or another gambling sites
freebitco.in has low withdrawal fee at the moment but the same risk applied, entrusting your bitcoin to third party

Yes may youre right i'll will obey this next time but atm it doesnt matter cause the fees are really fair for now


Good Point Thnks

Yes i can close the wallet 1 open the wallet 2  and change the circuit. For this I use the tor browser in the background so i dont need the standalone tor and the update will be procced automatically


best regards

I don't see a reason to use the "Temp Wallet".

Can you get a new Tor circuit before opening Wallet 2?

Could someone give me an guess about privacy with these constellation:

Wallet 1 --> Temp Wallet (like blockchain.info)  --> Chipmixer TOR  ( Splitting ) --->   KeyImport ( not sweep)--> Wallet 2


The Wallet1 and 2 are created on the same Computer with the same Program ( Electrum with Tor Connection) but not linked with any Transaction.


Am I on an good safe side ?

best regards

From ChipMixer's FAQ:

https://chipmixer.com/faq