Help me to understand bitcoin mixing - page 2.

TryNinja

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Quote from: bitmover on July 29, 2019, 07:30:58 PM

Quote from: TryNinja on July 29, 2019, 04:06:34 PM

Now there is no easy way for someone to know where your address A coins went to, since you sent them to a mixer which address may or not be known, and another random address from the mixer (B) sent to Address B.

I hope you understand this.

I once saw antonopoulos explaining that even using a mixer your coins can be tracked back to you, so a mixer would be pseudo anonymous.
Any thoughts on this? Probably even mixers can be traced back to sender if someone spend a lot of time?

He said in a video, I will look for it later.

Obviously. Mixers aren’t magical websites. They have a function: break the connection between an input and output(s) with their own methods and algorithms. It all depends on what mixer you use, how you use it, what you do post-mixer, etc... there are ways (and even specialized companies) of analyzing the blockchain and connecting transactions based on the fee used by the mixer’s output tx, fees charged as service fee (input - fee = output), time between the input and output, etc... notice the “easy” keyword. At the end, everything is possible as the blockchain is public.

bitmover

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bitcoindata.science

Quote from: TryNinja on July 29, 2019, 04:06:34 PM

Now there is no easy way for someone to know where your address A coins went to, since you sent them to a mixer which address may or not be known, and another random address from the mixer (B) sent to Address B.

I hope you understand this.

I once saw antonopoulos explaining that even using a mixer your coins can be tracked back to you, so a mixer would be pseudo anonymous.
Any thoughts on this? Probably even mixers can be traced back to sender if someone spend a lot of time?

He said in a video, I will look for it later.

bones261

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An authority could issue a subpoena to both poloniex and binance to get the mixer's account activity with them both and may be able to link your transactions that way. However, if they were after you in particular, it would probably be easier for them to confiscate your personal electronic devices, and gather what is going on from there.

TryNinja

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Merit: 6830

It breaks the connection between the address 1 (input) and the address 2 (output). It’s as simple as that.

If you use an address that is known as yours to buy groceries, everyone can see that you are the one that sent it and to who you sent it.

Without a mixer:

Address A —> Address B.

With a mixer:

Address A —> Mixer A.
Mixer B —> Address B.

Now there is no easy way for someone to know where your address A coins went to, since you sent them to a mixer which address may or not be known, and another random address from the mixer (B) sent to Address B.

I hope you understand this.

AB de Royse777

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Hire Bitcointalk Camp. Manager @ r7promotions.com

This thing goes over my head every time. We know blockchain is an open ledger, so even though people like to think it's anonymous but in reality it not. If anyone knows your address then they can trace the coins. So, we have these mixing services who help to lose the trace of the coins.

Earlier today I was using a mixing service to serve a purpose. After sending the coins they sent me the desired amount in two transactions. I was interested to see the trace of the incoming transaction then I found:

In the 2nd stage of first payment is connected to this address: 1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s

We all know this is a verified Binance address: https://cointelegraph.com/news/binance-vs-mcafee-hack-rumors-refuted-cryptocurrency-trading-resumed

In the 2nd stage of 2nd payment is connected to this address: 17A16QmavnUfCW11DAApiJxp7ARnxN5pGX
And this is an address belongs to Poloniex: https://www.walletexplorer.com/wallet/Poloniex.com/addresses

I mean here for me, the coins are coming from a different source but since it's coming from the Binance and Poloniex address, Binance and Poloniex has the history. Does it look okay since I paid for the mixing service to be totally anonymous?

My primary question which is how the mixing works?

Topic: Help me to understand bitcoin mixing - page 2. (Read 628 times)