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Topic: 📝[Discussion topic] Overview of Bitcointalk Signature-Ad Campaigns📝 - page 3. (Read 3868 times)

legendary
Activity: 2352
Merit: 1540
Mixers are a very risky business model and I believe this isn't the first time such thing happens. Back in the time, 6 years ago tho, circa 2017, Bitmixer shut down voluntarily after other services being seized by US government. Bitmixer at that time was extremely popular and their earnings were incredibly high, yet the owners saw that they should stop before being tracked down.
I don't know what's going on right now with Sinbad but I am not very surprised to see that coming. Mixers should take on consideration the risks of running such service and where to operate it.

I'm sure all mixer operators are aware of the risks. The more pressing question is whether campaign managers and/or participants can face any legal consequences for promoting such services. I don't think so, as the process of Bitcoin mixing itself is not illegal, so any further compliance should be the responsibility of operators.
The problem with Sinbad is quite unique though, given they've been linked to foreign intelligence, so some other three-letter agency might get invloved.

Not wanting to deviate too much from the main topic of the OP.
Do you think that a mixing service that only works on clearnet is less exposed to these types of problems?
No I don't think so because for many governments these type of services are equal to money laundering, tax fraud and illegal activities even though they are operating in clearnet. It is hard to convince these politicians, who are by the way doing the same thing with offshore companies, that all mixers aren't the same.
Personally, I find these services as a good way to keep your privacy and your money from being tracked by curious people. Governments think otherwise since they fail to track them.

True, but looks like whether or not a mixer operates only on darknet matters to Theymos:

Bitcointalk.org is not a darknet site. Linking to illegal services is not allowed. As mentioned in the law-enforcement press release, "a cryptocurrency mixing service is not necessarily illegal." But a seized mixer is rather different from just any old mixer. Sinbad, if still operating, is now clearly a darknet site, and therefore not allowed on bitcointalk.org.

The OP is banned. This topic is archived. The onion address is wordfiltered, and bypassing the wordfilter will get you banned.


Good evening!
How do you find this whole situation? Given the huge numbers of campaigns you've ran, have you been prepared for such scenario?
Do you have any plans on what to do with the coins in the blacklisted escrow address if you get no instructions from a lawyer/authorities. Seems like it could use a mixer lol.
I'm curious about how will the situation unfold - will you be posting any updates anywhere? Both ANN and sig. campaign threads of Sinbad are locked.

legendary
Activity: 2170
Merit: 3858
Bitmixer at that time was extremely popular and their earnings were incredibly high, yet the owners saw that they should stop before being tracked down.
I don't know what's going on right now with Sinbad but I am not very surprised to see that coming. Mixers should take on consideration the risks of running such service and where to operate it.
Some insights from the person who run an used-to-be a big mixer. The operator proactively shut down the service even it was very big, brought big income for the operator. After due diligent consult with his lawyer, he decided to step down and shut down the business, even did not want to sell it to other people.

Some thinking from BITMIXER.IO
Hi all!
Despite the huge profit we earn, we are closing our activity. Let me explain why.

I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin.

I hope our decision will help to make Bitcoin ecosystem more clean and transparent. I hope our competitors will hear our message and will close their services too. Very soon this kind of activity will be considered as illegal in most of countries.

It was a really very hard decision. Especially it was hard to drop this business because of incredible high income. But we never had any government or legal pressure, it is only my own opinion. I really believe in clean transparent Bitcoin. I really happy that Bitcoin legalized as payment system and currency in many countries, I actually didn't believe in this in 2011.

The government pressure doesn't work like "Oh man please close your service!". No way. They just come and arrest you for illegal activity. We are the privacy experts, it is hard or impossible to find out our location and personality, our servers are located in the country where Bitcoin is not considered as a currency, etc, etc. I could sell the business for our competitors for $5-6M, but I will not do this. It is important that you understand my position. I really revised my view about Bitcoin as a transparent system. Bitcoin has no future with drug/weapon traffic or any other illegal activity. This is my point.

Don't worry, we didn't keep logs, we deleted all used wallets, our servers never been seized, we had very strong mixing algorithm. We never collaborated with feds. All our clients are protected. We did our work honesty as described.

About "I'm not a criminal. Why should I mix my coins?". I really believed in this years ago. But look, in 2016 we mixed about 1M bitcoins. What do you think what part of this sum was non criminal? I don't know, we provided just a tool and didn't ask from what source coins coming. But I guess not all of them was clean. I really don't want to earn helping criminals. It is not only personal. Bitcoin couldn't be accepted by general public and governments if it is a crime tool. No, no, no. Fortunately last years appeared special anonymous cryptocurrencies for this purpose. But Bitcoin has another big aims. It is a finance revolution, but not a crime finance revolution.

I received a lot of questions by PM, let's clear the situation.

1. We are not under feds control, all our users are safe, all logs and old wallets deleted. We had incredible multiserver custom written Bitcoin software and outstanding mixing algorithm. It is impossible find out even the fact you used bitmixer (it is possible only by logs of your provider if you didn't use tor version). We didn't had linked wallets, traceable ip addresses etc. Don't worry about your past transactions.

2. We do not sell the domain name nor our software nor methods we used for mixing.

3. All I wrote is true. I've changed the view of this business and Bitcoin future. About question "is a knife good or bad tool?". If you sell knifes and you know that most of your clients are murders, will you stop your business? My pastor suggest me it is not a business I should continue. Sorry for that.

4. The message to other mixers. If even btc-e considered as money laundering service, what do you think about your business? Don't be innocent.

Very important message for our investors who still didn't take money. Please take your principal using your investor panel.

Thank you.

Mixers are not necessarily to be illlegal but see this point that is true for all mixers. Police can not catch criminals and they want to find alternatives who have to pay the cost, it's mixer.
About "I'm not a criminal. Why should I mix my coins?". I really believed in this years ago. But look, in 2016 we mixed about 1M bitcoins. What do you think what part of this sum was non criminal?
legendary
Activity: 3094
Merit: 1140
#SWGT CERTIK Audited
I don't know what's going on right now with Sinbad but I am not very surprised to see that coming. Mixers should take on consideration the risks of running such service and where to operate it.

Not wanting to deviate too much from the main topic of the OP.
Do you think that a mixing service that only works on clearnet is less exposed to these types of problems?
No I don't think so because for many governments these type of services are equal to money laundering, tax fraud and illegal activities even though they are operating in clearnet. It is hard to convince these politicians, who are by the way doing the same thing with offshore companies, that all mixers aren't the same.
Personally, I find these services as a good way to keep your privacy and your money from being tracked by curious people. Governments think otherwise since they fail to track them.
legendary
Activity: 1456
Merit: 3765
**In BTC since 2013**
I don't know what's going on right now with Sinbad but I am not very surprised to see that coming. Mixers should take on consideration the risks of running such service and where to operate it.

Not wanting to deviate too much from the main topic of the OP.
Do you think that a mixing service that only works on clearnet is less exposed to these types of problems?
legendary
Activity: 3094
Merit: 1140
#SWGT CERTIK Audited
Another mixer down. Sinbad.io

According to news reports. they have been linked to North Korean group Lazarus: https://www.techradar.com/pro/sinbad-crypto-mixer-used-by-north-korean-lazarus-group-seized-by-us-government

Not only the campaign is closed but Royse777 is freaking out (and I don't blame him):
https://bitcointalksearch.org/topic/m.63245716
Quote
The case is serious and I am considering not to touch any funds that is in the escrow address right now unless I speak to a lawyer. This means no one is going to receive anymore payments unless I have a direction from the lawyer. It's for the safety of everyone.

Thoughts?
Mixers are a very risky business model and I believe this isn't the first time such thing happens. Back in the time, 6 years ago tho, circa 2017, Bitmixer shut down voluntarily after other services being seized by US government. Bitmixer at that time was extremely popular and their earnings were incredibly high, yet the owners saw that they should stop before being tracked down.
I don't know what's going on right now with Sinbad but I am not very surprised to see that coming. Mixers should take on consideration the risks of running such service and where to operate it.
legendary
Activity: 2422
Merit: 3847
Visit: r7promotions.com
legendary
Activity: 2352
Merit: 1540


Another mixer down. Sinbad.io

According to news reports. they have been linked to North Korean group Lazarus: https://www.techradar.com/pro/sinbad-crypto-mixer-used-by-north-korean-lazarus-group-seized-by-us-government

Not only the campaign is closed but Royse777 is freaking out (and I don't blame him):
https://bitcointalksearch.org/topic/m.63245716
Quote
The case is serious and I am considering not to touch any funds that is in the escrow address right now unless I speak to a lawyer. This means no one is going to receive anymore payments unless I have a direction from the lawyer. It's for the safety of everyone.

Thoughts?
legendary
Activity: 1456
Merit: 3765
**In BTC since 2013**
Fair point.
I'd be interested in comparing earnings in the actual value, which is best expressed in USD terms (ideally adjusted for inflation). If I was to take the lazy way, I could just take the BTC/USD exchange rate at the moment the campaign was announced, although that approach could potentially distort the results (if there have been big fluctuations in the BTC price during the campaign). So the best approach would be to take a monthly/quarterly snapshots of all (or major) active campaigns at that time and the USD equivalent of the payouts.
Definitely doable, but quite time consuming.

I don't think comparing pay rates in BTC would be meaningful at all though, given the huge swings of its value over the years.

The issue is that the first campaigns paid in BTC, and didn't even mention the value in USD. So it gets complicated, realizing the real value in USD, without going through a conversion process. Even to do an average of three months, you have to create this conversion.

In any case, the biggest difficulty will be gathering the information, not because it is difficult (with that list it makes it a lot easier), but because it takes a long time.

What method were you thinking of doing this?

legendary
Activity: 2352
Merit: 1540
This topic makes things more interesting for an analysis of this type, without a doubt.

For analysis, we face yet another problem: the method of calculation for payment.
In the beginning, the calculation was mostly done in BTC, and in recent years the majority has been done in $ and occasionally some campaigns in BTC. Since the price of BTC has varied significantly since 2013, this makes the calculation more complicated. I believe that to build a more adequate analysis, the analysis should be divided into two, one for payments in BTC and the other in USD.

Fair point.
I'd be interested in comparing earnings in the actual value, which is best expressed in USD terms (ideally adjusted for inflation). If I was to take the lazy way, I could just take the BTC/USD exchange rate at the moment the campaign was announced, although that approach could potentially distort the results (if there have been big fluctuations in the BTC price during the campaign). So the best approach would be to take a monthly/quarterly snapshots of all (or major) active campaigns at that time and the USD equivalent of the payouts.
Definitely doable, but quite time consuming.

I don't think comparing pay rates in BTC would be meaningful at all though, given the huge swings of its value over the years.
legendary
Activity: 1456
Merit: 3765
**In BTC since 2013**
There is a list of campaigns that have been carried out by @romero121. He has made a long list of campaigns that paid for BTC, but unfortunately that thread was last active in 2020, meaning it hasn't been updated for almost 3 years.

EVOLUTION OF SIGNATURE AD CAMPAIGNS (BEGINNING DAYS TO THE PRESENT)

Would be very happy if this thread was updated again by the author.

Massive thanks. I completely forgot about that thread despite having it in watched.
This is good enough to get the historical data, as the "Overview" thread is missing a few years from 2014 to 2017. And, for the purpose of analysing earnings over time, we don't necessarily need data for every single campaign, just a sample of a few campaigns for, say, each quarter, would do the trick.

I'll try getting to it when I have more free time.

This topic makes things more interesting for an analysis of this type, without a doubt.

For analysis, we face yet another problem: the method of calculation for payment.
In the beginning, the calculation was mostly done in BTC, and in recent years the majority has been done in $ and occasionally some campaigns in BTC. Since the price of BTC has varied significantly since 2013, this makes the calculation more complicated. I believe that to build a more adequate analysis, the analysis should be divided into two, one for payments in BTC and the other in USD.
legendary
Activity: 2352
Merit: 1540
There is a list of campaigns that have been carried out by @romero121. He has made a long list of campaigns that paid for BTC, but unfortunately that thread was last active in 2020, meaning it hasn't been updated for almost 3 years.

EVOLUTION OF SIGNATURE AD CAMPAIGNS (BEGINNING DAYS TO THE PRESENT)

Would be very happy if this thread was updated again by the author.

Massive thanks. I completely forgot about that thread despite having it in watched.
This is good enough to get the historical data, as the "Overview" thread is missing a few years from 2014 to 2017. And, for the purpose of analysing earnings over time, we don't necessarily need data for every single campaign, just a sample of a few campaigns for, say, each quarter, would do the trick.

I'll try getting to it when I have more free time.
hero member
Activity: 1596
Merit: 785
Bitcoin To The Moon 📈📈📈
There's also MixTum (managed by Icopress) with the max payout of $210/week. So I believe we only have those 4 campaigns with max payment of $200 or above.
Still, I'd say that's pretty good.

I wish someone compiled the old data and made a chart of how the median campaign payment changed over time. If I'm not mistaken, we had pretty significant growth in USD terms over the last few years.

And do we have a list of campaigns that have already taken place?
It's just that scanning hundreds of pages with topics, looking for campaign topics since 2014 (or something like that), is very complicated.
There is a list of campaigns that have been carried out by @romero121. He has made a long list of campaigns that paid for BTC, but unfortunately that thread was last active in 2020, meaning it hasn't been updated for almost 3 years.

EVOLUTION OF SIGNATURE AD CAMPAIGNS (BEGINNING DAYS TO THE PRESENT)

Would be very happy if this thread was updated again by the author.
legendary
Activity: 1456
Merit: 3765
**In BTC since 2013**
There's also MixTum (managed by Icopress) with the max payout of $210/week. So I believe we only have those 4 campaigns with max payment of $200 or above.
Still, I'd say that's pretty good.

I wish someone compiled the old data and made a chart of how the median campaign payment changed over time. If I'm not mistaken, we had pretty significant growth in USD terms over the last few years.

And do we have a list of campaigns that have already taken place?
It's just that scanning hundreds of pages with topics, looking for campaign topics since 2014 (or something like that), is very complicated.
legendary
Activity: 2352
Merit: 1540
Indeed, Tumbler has the highest pay rate at the moment for regular posts but they are limited to 25 posts/week, in contrast to some other mixer campaigns even though they are below Tumbler the rate of pay per post is that they have a larger weekly post quota so participants can earn more. from $200+

Mixero upto $250
Sinbad upto $225
Yomix upto $200

There's also MixTum (managed by Icopress) with the max payout of $210/week. So I believe we only have those 4 campaigns with max payment of $200 or above.
Still, I'd say that's pretty good.

I wish someone compiled the old data and made a chart of how the median campaign payment changed over time. If I'm not mistaken, we had pretty significant growth in USD terms over the last few years.
newbie
Activity: 6
Merit: 0
Yes you're right. Their payrate is the highest for regular participants. If we look at the funds they have, perhaps the tumbler is planning to carry out promotions on a large scale, considering the high cost of their review campaign and they have also sent campaign signature funds to CM in the large amount (0.5 btc). I suspect their campaign will be long term, that's just an assumption. We'll see later
Indeed, Tumbler has the highest pay rate at the moment for regular posts but they are limited to 25 posts/week, in contrast to some other mixer campaigns even though they are below Tumbler the rate of pay per post is that they have a larger weekly post quota so participants can earn more. from $200+

Mixero upto $250
Sinbad upto $225
Yomix upto $200

Currently, the campaign managed by Royse777 has the highest payout.
But those mentioned campaigns have a bonus pay rate. If we set aside the additional bonuses associated with the mentioned campaigns, it becomes that the [banned mixer] signature campaign stands out with the highest pay rate.
hero member
Activity: 1596
Merit: 785
Bitcoin To The Moon 📈📈📈
Yes you're right. Their payrate is the highest for regular participants. If we look at the funds they have, perhaps the tumbler is planning to carry out promotions on a large scale, considering the high cost of their review campaign and they have also sent campaign signature funds to CM in the large amount (0.5 btc). I suspect their campaign will be long term, that's just an assumption. We'll see later
Indeed, Tumbler has the highest pay rate at the moment for regular posts but they are limited to 25 posts/week, in contrast to some other mixer campaigns even though they are below Tumbler the rate of pay per post is that they have a larger weekly post quota so participants can earn more. from $200+

Mixero upto $250
Sinbad upto $225
Yomix upto $200

Currently, the campaign managed by Royse777 has the highest payout.

Continuing with the escrow wallet which has been filled with 0.5 BTC, perhaps in the future it will continue to be refilled regularly like other campaigns, if indeed the Tumbler is long term.
sr. member
Activity: 280
Merit: 298
A for Alpha and B for Bitcoin
For now, perhaps the $7 payrate is the highest. However, if calculated per week, the tumbler campaign only pays $175 per week. The sinbad sig campaign promises bigger payouts with a maximum payout of $225 per week, and the highest weekly payout is held by mixero with a maximum weekly payout of $250
If you look at the required post count and the payment rates for the traditional ranks (no merit ranks) then the Tumber.io pay rates are the real deal for someone who doesn't post much. I don't know how long the campaign will last, but most people obviously prefer longevity of the campaign vs. very high pay rates that could just last for a month.

Yes you're right. Their payrate is the highest for regular participants. If we look at the funds they have, perhaps the tumbler is planning to carry out promotions on a large scale, considering the high cost of their review campaign and they have also sent campaign signature funds to CM in the large amount (0.5 btc). I suspect their campaign will be long term, that's just an assumption. We'll see later
legendary
Activity: 2352
Merit: 1540
For now, perhaps the $7 payrate is the highest. However, if calculated per week, the tumbler campaign only pays $175 per week. The sinbad sig campaign promises bigger payouts with a maximum payout of $225 per week, and the highest weekly payout is held by mixero with a maximum weekly payout of $250

Yup, I was wrong on that one and stand corrected.
To be fair, I didn't have a clue that some campaigns have special rates for members with merit over 3k or 3.5k, as this is not stated in the signature campaign overview thread on which I was relying. Everyday is a school day.
Thanks for pointing that out.



copper member
Activity: 1974
Merit: 1757
฿itcoin for all, All for ฿itcoin.
For now, perhaps the $7 payrate is the highest. However, if calculated per week, the tumbler campaign only pays $175 per week. The sinbad sig campaign promises bigger payouts with a maximum payout of $225 per week, and the highest weekly payout is held by mixero with a maximum weekly payout of $250
If you look at the required post count and the payment rates for the traditional ranks (no merit ranks) then the Tumber.io pay rates are the real deal for someone who doesn't post much. I don't know how long the campaign will last, but most people obviously prefer longevity of the campaign vs. very high pay rates that could just last for a month.
sr. member
Activity: 280
Merit: 298
A for Alpha and B for Bitcoin

These are a really good rates and this is currently the highest paid campaign out there. You could probably make a living out of it in many developing countries.
They're clearly aiming for the top quality posters with minimum 50 merits in the last 120 days requirement. I wonder if they'll keep the payments high permanently, or is it just to lure quality posters in.
I'm staying where I am, as I like the stability of my campaign, but it's good to see new campaigns coming in and payments going up.

For now, perhaps the $7 payrate is the highest. However, if calculated per week, the tumbler campaign only pays $175 per week. The sinbad sig campaign promises bigger payouts with a maximum payout of $225 per week, and the highest weekly payout is held by mixero with a maximum weekly payout of $250
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