Bitcoin mixing techniques | Bitcointalksearch.org

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Quote from: AYENI on April 23, 2023, 04:20:40 AM

My question is, is it theoretically possible to do bitcoin mixing without the use of third party coins?

No.

If you only want to move your own coins and your own coins only, then they can be endlessly tracked. It doesn't matter how many times you split them up and then recombine them or across how many transactions you do that - if there are no new coins coming in then a blockchain analysis company can endless track them.

Any kind of mixing or coinjoining will combine your inputs with the inputs of third parties to obfuscate which outputs are yours. That's the whole point.

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Quote from: BitMaxz on April 22, 2023, 06:59:36 PM

Are you talking about a mixer that looks like a Chipmixer?

Chipmixer was a centralized mixer. In fact, all mixers are centralized. The whole business model is based in gaming trust and aggressive marketing on bitcointalk. Chipmixer had over 2.5 BTC per week budget at once which is unrealistic considering only making post on a forum. But it really worked because that proved them that they have unbelievable amount of reserve to afford the cost.

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Quote from: AYENI on April 23, 2023, 04:20:40 AM

Chipmixer was good, but my understanding is that they were still using pre-made coins (chips) to mix.

The "chips" aren't necessarily a separate asset that ChipMixer sort of printed out of thin air. Those "chips" are pretty much just separate batches(think of this like a cargo container) of bitcoin that are also collected from other users than plan on moxing.

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Quote from: AYENI on April 23, 2023, 04:20:40 AM

Thanks for your answers.

My question is, is it theoretically possible to do bitcoin mixing without the use of third party coins?

Of course, you can, the question is how you can make sure that your process or the process you've taken is more in privacy and anonymity than what the traditional way of mixing or other current mixers are doing.

LoyceV

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Quote from: AYENI on April 23, 2023, 04:20:40 AM

My question is, is it theoretically possible to do bitcoin mixing without the use of third party coins?

Of course. You can mix all your own Bitcoins together, also called consolidating.

Quote

Chipmixer was good, but my understanding is that they were still using pre-made coins (chips) to mix.

Do you even know how Bitcoin works? Where else do you expect Bitcoins to come from?

AYENI

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Thanks for your answers.

My question is, is it theoretically possible to do bitcoin mixing without the use of third party coins?
Chipmixer was good, but my understanding is that they were still using pre-made coins (chips) to mix.

LoyceV

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Quote from: AYENI on April 22, 2023, 06:14:46 PM

Is it possible to mix bitcoins without using centralized mixing services that use their reserves to do the mixing?

Let's start with the definition:

Quote from: mix

to (cause different substances to) combine, so that the result cannot easily be separated into its parts

That's what happens with many Bitcoin transactions, for instance after you deposit to a centralized exchange or casino. So the question is what you're trying to accomplish. If you're looking for a decentralized mixer, I haven't seen one yet.

Did you post the same thing on Reddit?

Edwardard

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Firstly, I think you are in the wrong board mate. You should move this to service board.
Secondly, you won't find any such service which is completely decentralized. But I'd suggest you to try out coinomize (one of the oldest mixing services after chipmixer). Im not recommending it cuz Im promoting it in my sig. space, but I have also used the mixer and its very smooth.

mikeywith

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Quote from: AYENI on April 22, 2023, 06:14:46 PM

Is it possible to mix bitcoins without using centralized mixing services that use their reserves to do the mixing?
Not using CoinJoin or similar technologies.

It is possible, but how far are you willing to go? The cheapest and most direct methods would be using CoinJoin or a centralized mixer, other than that you are going to need to use your imagination, something like chain-hopping if you can exchange your BTC to x crypto on P2P market and then x crypto to BTC which is more or less like using centralized mixing while not actually using a mixer per see.

You can go as far as renting hash power and pointing it to the PPS pool and receive a fresh payment from a mining pool in a few hours, by doing this, you make it a lot more difficult for chain-analysis methods to find where your coins went to as this will require inside information from both the person/website who gave you the hashrate and the pool which paid you out, which is going to be very difficult to do, but this comes at a higher cost.

BitMaxz

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Are you talking about a mixer that looks like a Chipmixer?

Currently, there is no similar service that does the same what do you want to achieve why are you looking for the same service instead of using other mixers like Sinbad?

AYENI

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Is it possible to mix bitcoins without using centralized mixing services that use their reserves to do the mixing?
Not using CoinJoin or similar technologies.

Topic: Bitcoin mixing techniques (Read 116 times)