Topic: WTS Freshly minted bitcoins (Read 617 times)

It was an awful idea indeed. I've gotten the same amount of dollars back, but I would have made twice that money if I had just bought bitcoins. I didn't read their terms about the electricity costs...

By buying a miner with 270$, I've had to wait for a whole year to get that 0.7btc, so yeah, 10% is nothing.

I could be anything and I can't prove otherwise. The only thing that someone could check are my posts etc.

But let me clarify this. 10% isn't much. There is no counterparty risk, if an escrow is setup properly. All the mixers have a high counterparty risk and they are very traceable. Also, who the heck has told you that those mixers are not compromised??? Who said that the owners either gave in or were agents from the beginning. Also mixing with 1-2% is almost ridiculous.

Think of it this way. Only the amount of time you need to spend to save that 10%, by tumbling again and again (if you wanna do it properly), waiting for some of the coins to sit somewhere etc isn't efficient. If you want to tumble coins properly, you need to wait for at least 1-2 days.

As mentioned above, let's say that within a day x amount of people used a tumbler. Then the agents will know about all the inputs and outputs, except of some tumblers, who hold your coins for longer (with high counterparty risk). They can form profiles of how you do things etc.

Fungibility is a problem in bitcoin and will keep being one. Bitcoin is nowhere near cash atm. Monero and Dash might be, bitcoin isn't.

Anyways, I am not trying to mask anyone. Some people might have big plans for bitcoins and might want to HODL. These people might want to have fresh coins sitting in their addresses, without anyone knowing where they got them from or even that they have any coins. Finally, think of you receiving some coins by someone, without knowing where did that guy get his coins from. Then you try to cash your coins out from an exchange and that exchange freezes your funds. It has been done in the past and it will happen more frequently for sure.

Reading is your friend. If you wanted to get fresh coins from Genesis miner you would have to buy a miner, which is a awful idea, I know from experience.

^^ this is actually true... In case of a bitcoin mixing service, it's only the service that can connect account X and account Y... In this case, it would be the OP. In case of a mixing service, it would be bitmixer, cryptomixer,... . In case of using an altcoin it would be the exchange, in case of a gambling site it would be said site.

Not sure why anyone would pay an extra 10% when they could just mix their coins for a 1-2% fee on a more TRUSTED website/service. Not trashing, just saying. Also, it's not 10x better than tumbling because any old fool can go on Genesis mining and get some "fresh" coins themself lol

I see your point, as I am too not into illegal stuff so this kind of logic is not so obvious to me.
And who says that this guy is not an agent trying to catch some crooks by offering to selli them these newly mined coins ??!!

Freshly mined coins have no history... If you, for example, peddle dope on a darknet market, you run the risk of selling your stuff to a law enforcement officer during a sting operation.
Now, the law knows that the coins on adress X were used in a dopedeal.
If you send those coins to this guy, he'll send coins that were recently mined to a different address of yours (adress Y). If done over Tor, there is no way law enforcement can ever trace the coins on address Y as belonging to a dope dealer, so the dealer might exchange those coins for cash, or buy goods or services with them without running the risk of being tagged.

Offcourse, there are mixing services that offer the same type of security, and they ask less fees (or you can use a whole range of other tricks to do the same "washing process", all cheaper than the 10% the OP is asking), but in this case you will receive coins that can be traced back to a different (possibly illegal) transaction. Since you have nothing to do with this other (possibly illegal) transaction, it shouldn't worry you. BTC are like cash, the money in your wallet might have been stolen during a bank robbery 10 years ago, maybe the police can trace small ammounts of cocain on them, but you'll never be punished because those coins changed hands thousands of times since they were stolen from a bank. Just make sure that if you stole them yourself, you don't get caught with them

In the end, it doesn't matter... I'm not into illegal stuff, so i couldn't care less if somebody was able to track my coins to my IRL profile...

How is it possible to value a Bitcoin more than another similar Bitcoin ? They all have been mined at somepoint, they are not like physical money where they can get dirty and suffer from time and exposure to natural elements.
I just don't get it.

Are these conbase transactions or does Genesis Mining receive the block reward to their own wallet, and then subsequently send the btc to your withdrawal address? If it is the later then the coins that you are selling are really not any different from any other coins that someone may have.

LOL, extra shiny BTC

 

Fresh Coins ! How does that make any sense to pay 10% extra ?.are they  shiny or what ?

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