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Topic: [ANN] ★★★★ PrivCoin.io - First ever multi crypto mixer (Bitcoin Inc) ★★★★ - page 7. (Read 11406 times)

full member
Activity: 356
Merit: 113
Litecoin mixes have become very popular lately
full member
Activity: 356
Merit: 113
I would prefer a more reasonable minimum for small investors, like 0.1. why has it to be 1 BTC? is there a specific reason?

That's probably the reason (lower amounts would give you almost no profit):
I don't think 1 BTC would earn you very much and may not be worth your time, but you're welcome to try it out for a week.

Profits would be percent wise but yes numerical wise you wouldn't earn much. We also would rather deal with a few larger investors rather than 10 smaller ones as well in the event we need to communicate with everyone. Minimums are also based on what we need the most which is currently BCH. Having +0.1 BTC will not measurably improve our service.

you are right, it won’t improve your service. I wasn’t thinking to the needs of the service but only mine. thank you for the fast answers!

Not a problem. You can do LTC or BCH if you want to changelly that 0.1 BTC though BTC is our highest profit coin.
member
Activity: 84
Merit: 10
I would prefer a more reasonable minimum for small investors, like 0.1. why has it to be 1 BTC? is there a specific reason?

That's probably the reason (lower amounts would give you almost no profit):
I don't think 1 BTC would earn you very much and may not be worth your time, but you're welcome to try it out for a week.

Profits would be percent wise but yes numerical wise you wouldn't earn much. We also would rather deal with a few larger investors rather than 10 smaller ones as well in the event we need to communicate with everyone. Minimums are also based on what we need the most which is currently BCH. Having +0.1 BTC will not measurably improve our service.

you are right, it won’t improve your service. I wasn’t thinking to the needs of the service but only mine. thank you for the fast answers!
full member
Activity: 356
Merit: 113
I would prefer a more reasonable minimum for small investors, like 0.1. why has it to be 1 BTC? is there a specific reason?

That's probably the reason (lower amounts would give you almost no profit):
I don't think 1 BTC would earn you very much and may not be worth your time, but you're welcome to try it out for a week.

Profits would be percent wise but yes numerical wise you wouldn't earn much. We also would rather deal with a few larger investors rather than 10 smaller ones as well in the event we need to communicate with everyone. Minimums are also based on what we need the most which is currently BCH. Having +0.1 BTC will not measurably improve our service.
legendary
Activity: 2758
Merit: 6830
I would prefer a more reasonable minimum for small investors, like 0.1. why has it to be 1 BTC? is there a specific reason?

That's probably the reason (lower amounts would give you almost no profit):
I don't think 1 BTC would earn you very much and may not be worth your time, but you're welcome to try it out for a week.
member
Activity: 84
Merit: 10
are you going to lower minimum investment in your site?

What is wrong with our current minimums and what would you prefer they be?

I would prefer a more reasonable minimum for small investors, like 0.1. why has it to be 1 BTC? is there a specific reason?
full member
Activity: 356
Merit: 113
I am interested in the investment part of your site , Can we get more details ?
For example one thing I do not understand , If I invest 1 BTC and another person invested 1 too , Based on what who will get his money rolled in first ? The profit can only occur if only someone used the service , So if there is 10 BTC invested and only 1 BTC used then the profit will occur only on 1 BTC not the whole 10 BTC right ? so the profit of 1 BTC will split of the whole invested amount ?! correct ? .

You get profit every time someone uses the service even if we don't technically use your investment meaning if there is 10 BTC invested and only 1 BTC is used for a particular mix, you still get a profit on that mix. The % share you get depends on how much you invest.
sr. member
Activity: 840
Merit: 266
I am interested in the investment part of your site , Can we get more details ?
For example one thing I do not understand , If I invest 1 BTC and another person invested 1 too , Based on what who will get his money rolled in first ? The profit can only occur if only someone used the service , So if there is 10 BTC invested and only 1 BTC used then the profit will occur only on 1 BTC not the whole 10 BTC right ? so the profit of 1 BTC will split of the whole invested amount ?! correct ? .
full member
Activity: 356
Merit: 113
are you going to lower minimum investment in your site?

What is wrong with our current minimums and what would you prefer they be?
member
Activity: 84
Merit: 10
are you going to lower minimum investment in your site?
full member
Activity: 356
Merit: 113
Lots of people are using the "new" multi address feature even though we had it on day one and broke it recently.
full member
Activity: 356
Merit: 113
We fixed a bug preventing people from using multiple output addresses and forced them to only use 1. Thanks to the Bitcoin Talk member that reported it.
Buying gold means that the seller has to ship it to a name and an address...  So, using mixed BTC for some transactions involving real goods being shipped is trackable by the IRS using Chainalysis and similar software.

Best of luck to Chainalysis tracking your coins if you use multiple addresses and different delays with our service. On more than one occasion we've detected tracking companies trying to inject their coins into our wallets and have taken appropriate counter measures to quarantine those coins. Sometimes we'll just donate their coins to the EFF.

We go the extra mile to protect your privacy.
legendary
Activity: 2940
Merit: 1865
We fixed a bug preventing people from using multiple output addresses and forced them to only use 1. Thanks to the Bitcoin Talk member that reported it.


Ah, great news.  Someone try that out and let us know!  A while back some may recall that I did a very simple test run just to make sure the service did not take my money and that the mixing worked (it worked just fine).  

I just spent a wad of "old" BTC on gold, cashin' in at $9300 so am unable to try for myself, at least now.

*   *   *

Do note that spending BTC (even when mixed) that has gone up in price (even trading BTC for gold) does mean that any such gains ought to be reported to the IRS as Capital Gains.  I have alerted people (inc. beginner/wankers) at Zero Hedge.

Buying gold means that the seller has to ship it to a name and an address...  So, using mixed BTC for some transactions involving real goods being shipped is trackable by the IRS using Chainalysis and similar software.

Don't mess with the Big Rhino (.gov), the risks are not worth it.

For me, mixing BTC (and perhaps other crypto later) has two big advantages:

1)  Hardly ANYONE (hackers and crooks) will ever be able to track down your BTC holdings
2)  Not even the IRS..., as long as you HODL it, to my knowledge anyway (ask your LAWYER, LOL, if you have doubts)
full member
Activity: 356
Merit: 113
We fixed a bug preventing people from using multiple output addresses and forced them to only use 1. Thanks to the Bitcoin Talk member that reported it.
full member
Activity: 356
Merit: 113
Our usage is increasing every month!
full member
Activity: 356
Merit: 113
Good service!

Thank you  Grin. Please tell your friends about us if anyone asks where they can mix coins.
sr. member
Activity: 477
Merit: 250
full member
Activity: 356
Merit: 113
Bitcoin flat fees are now lowered to their previous value now that the network has settled down.
full member
Activity: 356
Merit: 113
Come use the only service you need to stay private!
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