Thanks for the explanation zero3112.
I have used my above average IQ to write some php that coud possibly split my hypothetical 750,000 stash of BTC into smaller 50 BTC chunks. That's the first step to getting the coins into the mixer.
On the other end I may possibly have bank accounts on serveral continents; Asia (Japan), Europe (Poland) and North America (USA) to becloud the extraction to fiat. I may also have a tangled web of shell companies on these continents to help with the beclouding.
I just need to figure out the best approch to the middle bit, the mixing itself. Time is not an issue, I'm not in any rush.
Since I believe php can do everything I may use it to slowly feed the mixer over a period of a year or two.
Topic: BitcoinFog (Read 576 times)
All mixers work by taking your coins and swapping them for a new set of clean coins that are not linked to you in anyway that come from someone else wanting to clean their coins too. These clean coins aren't necessary clean just simply put it reassigned a new owner. They may have a transaction record from a previous owner but they don't link to you in any way.
Now hypothetically if you had a large amount of coins to mix the coin mixer would need to have a equal amount of clean coins to give you for your dirty coins. At some point your going to outstrip their supply of clean coins and get some of your dirty coins back. Splitting you coins up into smaller amount won't help since you still have a big volume of coins to mix.
Splitting them up can help with making them clean only if you divided your split coins into batches and send some of the coins to different mixers.
Even if you mix the coins and get clean coins that are in no way traceable to you it still is going to be suspicious if they come out to a similar total to what they where before you mixed them.
To solve this you could exchange some of the mixed coins for altcoins mix those too, then slowing cash them out. You got to have multiple accounts for cashing out so the coins dont add up to the same amount. And you have to make sure these multiple accounts don't link to each other through the same ip, username, or bank account.
Now hypothetically if you had a large amount of coins to mix the coin mixer would need to have a equal amount of clean coins to give you for your dirty coins. At some point your going to outstrip their supply of clean coins and get some of your dirty coins back. Splitting you coins up into smaller amount won't help since you still have a big volume of coins to mix.
Splitting them up can help with making them clean only if you divided your split coins into batches and send some of the coins to different mixers.
Even if you mix the coins and get clean coins that are in no way traceable to you it still is going to be suspicious if they come out to a similar total to what they where before you mixed them.
To solve this you could exchange some of the mixed coins for altcoins mix those too, then slowing cash them out. You got to have multiple accounts for cashing out so the coins dont add up to the same amount. And you have to make sure these multiple accounts don't link to each other through the same ip, username, or bank account.
What is peoples opinion on the BitcoinFog service?
Is it a good way to mix coins? Lets say that I hypothetically have a large amount of about 750,000 BTC to mix, would it be advisable to split it up into smaller amounts of 50 BTC or so?
Is it a good way to mix coins? Lets say that I hypothetically have a large amount of about 750,000 BTC to mix, would it be advisable to split it up into smaller amounts of 50 BTC or so?
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