ChipMixer is a new, innovative Bitcoin mixer that reinvents Bitcoin mixing. ChipMixer gives you full control over mixing, doesn't charge a fee, let's you mix multiple inputs offchain, and even lets you bet your funds while mixing, to improve your anonymity! ChipMixer uses fixed amount "chips" of Bitcoin, that are funded before your deposit even arrives to process your withdraws, and lets you withdraw a private key, letting you pick the delay of time before you get the funds.
One of the cornerstones of Bitcoin's appeal is anonymity, which is also one of its greatest misconceptions. Although Bitcoin transactions are more difficult to track than other forms of transactions, they are not completely anonymous. As a result, Bitcoin users are always looking for new and better techniques to hide their transactions.
Ordinary Bitcoin mixers and Bitcoin blenders mix your Bitcoins along with many other user’s Bitcoins and the mixer’s own reserves as well. Then they send the equivalent of your original transaction in someone else’s Bitcoins to the BTC address you specify.
The main issue with this method is that because all of the transactions are Bitcoin transactions, they are all recorded on the blockchain and are therefore traceable. There is also an added risk that if the Bitcoins you receive were used for something illegal, that can, in theory, be traced back to you as well.
Bitcoin (Crypto) mixing service ChipMixer is a good solution if you wish to remain anonymous when making online transactions. It can also be useful if you want to do peer-to-peer payments and donations. The service is used to mix a person’s funds and give this person some new Bitcoins.
The emphasis here is on ensuring that the blender has the capacity to confound the trail when someone tries to find out the source. The finest mixer is one that allows you to maintain your anonymity to the greatest extent possible. You want each Bitcoin transaction to be extremely difficult to track. Using our Bitcoin mixing service makes a lot of sense in this situation.
It becomes extremely easy to protect your revenue and personal information. You've decided to utilize our service because you want to keep your funds safe from hackers and third parties. Because they may be able to perform blockchain analysis and track your personal data. You won't have to worry about it with our Bitcoin tumbler.
ChipMixer is unlike any other Bitcoin mixer that has ever existed. Rather than merely merging your Bitcoins with those of other users, we built a chip-based approach that provides far more anonymity. The following is how it works:
When a user deposits Bitcoin, he gets back the equivalent in chips. Each chip has a predetermined value that is backed by Bitcoin addresses that ChipMixer has already set up and pre-funded. Chips worth.001 BTC,.002 BTC,.004 BTC, and so on, all the way up to 4.096 BTC, are available.
If you make a deposit of 0.1 BTC, you will receive three chips worth 0.064, 0.032 and 0.004 BTC, respectively. Since these chips were pre-financed before your transaction, there is no connection between them and your deposit in the blockchain. This is the first step in protecting your privacy.
After you've gotten your chips, there are a few things you may take to boost your anonymity even more:
When you split a chip, you create two chips each with half the value of the original chip. One 0.032 BTC chip would become two 0.016 BTC chips, for example. Any chip can be split except for the lowest denomination which is 0.001 BTC.
Merging is the opposite of splitting in that it takes two identical chips and merges them into one chip with twice the value of either original chip. Combining two 0.032 BTC chips, for example, yields a single 0.064 BTC chip. It's worth noting that only chips with the same value can be merged this way.
Betting brings a completely random element to the mixing process, further anonymizing your Bitcoins. You have the option of putting a chip on double or nothing. This means that if you win, you will get twice the value of the chip, and if you lose, you will get nothing.
Since we do not charge any fees or commissions for the services provided, donations are always welcome. You can donate any amount of chips you choose, except for those that amount to 1 Bitcoin and above. Using the above example of an initial deposit, you can donate the smallest chip denomination you have (in this case it will be 0.004 BTC), or split it and donate as much as you want.
The whole point of mixing your Bitcoins is to get them back again so when you are ready to withdraw, your chips are removed from your list and you are issued a private key for each chip with an address containing its value in Bitcoin.
Chip withdrawals are not visible on the blockchain and since the chips are pre-funded they can often appear to have been created days before your deposit was made. This adds yet another layer of privacy to your Bitcoin transactions.
Bitcoin mixer ChipMixer creates Bitcoin addresses and funds them with specific sizes.
These are chips with 0.001 BTC, 0.002 BTC, 0.004 BTC and so on till 8.192 BTC.
When you deposit your Bitcoins, you receive same amount in chips.
For example you deposit 0.112 BTC and you receive 0.064 + 0.032 + 0.016 chips. Each chip was funded before your deposit, so there is no link between them and your deposit on blockchain. They are already anonymous.
Minimum deposit is 0.001 BTC - lowest chip size. If you deposit less then you have to deposit missing amount to receive a chip.
Second minimum deposit is 0.002 BTC. If you deposit between 0.001 and 0.002 BTC you will receive only 1 mBTC chip and rest will be autodonated.
If you deposit 0.1234 BTC (123.4 mBTC) you will receive 123 mBTC chips. 0.4 mBTC will be autodonated.
Yes, Segwit usage is over 70% which makes non-Segwit inputs less common.
Deposit addresses are now Segwit bech32.
New chips are Segwit bech32 but you may still get some old chips.
You can split big chip into two small ones ie. 0.064 BTC chip into two 0.032 BTC chips.
You can merge two small same-sized chips into big one ie. two 0.032 BTC chips into 0.064 BTC chip.
You can bet a chip to either receive twice as big one or receive nothing. Chance to receive big chip is around 47% and is provably fair.
You can donate a chip to pay for our service. If you only have big chips, you can split them before donating.
Finally, you can withdraw a chip or all chips. This will reveal their private keys you can import into your Bitcoin wallet.
To add random element into mix. Let's say you've sent 0.52 BTC You have received one 0.512 BTC chip and one 0.008 BTC. Blockchain analysis can prove that one of 0.512 BTC chips originating from here is yours. Since you can use split/merge, nobody knows if you've withdrawn big or small chips. It is not required to use, but existence of this option increases your privacy.
Donate allows you to change possible output value. Even if blockchain analysis may assume you will receive permutation of chips, they cannot predict how much you've donated. As with split / merge, you don't have to use it - existence of this option increases your privacy.
We use Pay what you want as pricing strategy. It mean you set how much value our service is to you.
You may split chips into size you wish to donate.
We wanted to have a lot of chip sizes and to easily split/merge them. If you start with 1 BTC and you split it, your minimal chip is 0.015625 BTC which seems even weirder.
After a while it will get more common, because you won't even need to use mixer to anonymize your coins. Just split them into tokens and they look exactly like chips.
You are in luck! We have introduced commonize function which will swap your weird looking 1.024 BTC chip into 1 BTC chip and weird looking 0.512 BTC into 0.5 BTC.
Using this action will cost you the weird part of chip which is around 2% fee.
Sadly, yes, we have created them and as long as two people knows private key, either of them can move funds. When you withdraw a chip, you receive a copy of private key encrypted on the mixer's server. You are free to sweep it yourself, ask us to send it to your address or keep it on chip for a while. Only the last option keeps your funds vunerable to our dishonesty, but it also extends your privacy. If you sweep funds from chip in first 12h after your input, you receive same privacy as you would get from standard mixer. If you trust us (as you already did when you sent coins into mixer) and spend chip when you need it, then you achive maximum privacy you can get.
Current mining fees are almost as high as smallest chip size. Instead of withdrawing small chip - we issue a voucher for that amount. You can redeem old voucher to merge two small chips into one bigger and withdraw big one.
After you've received private key, you can spend them right away without waiting for our transaction. But that's not all. Since your withdrawal is not visible on blockchain, it looks like your chip was moved a few days before your deposit. Time Travel! Third, less spectacular element this method gives you is that you decide when to move those coins next. Few days? Few seconds? Who knows, you are not encumbered with our solution. Fourth, when you are in a hurry, you can set higher fee to have your transaction included in first block. It's your money after all.
Your session lasts for 7 days. After that, your session and all its data will be removed. You can also destroy your session before time is up. We keep statistical data ie. how much was donated.
Let's hear the expert:
First of all I was going to explain what we mean by fungibility before bitcoin and ecash. It's an old legal concept in fact, about paper currency. It's the idea that a one ten dollar note is the same as any other ten dollar note. If you receive a note that was involved in a theft, 10 transactions ago, and the police investigate the theft, they have no right to remove the ten dollar note from your pocket. It's not your fault that it was involved in a previous crime. And so bank notes actually have serial numbers, so it would be possible for a stolen note to be traced back to you.
This first arose, there was a 17th century court case where a wealthy merchant sent a couple of high-value bank notes to a colleague in the post and they never arrived. Before he sent them, he was quite paranoid that they would get stolen. He wrote down the serial numbers and made a mark on them. Sure enough they didn't arrive, so he put in a complaint with the bank, and evenutally the notes turned up at the bank. He tried to get the bank to return the notes to his ownership. The courts sided with the bank. Their reason was that if notes could be returned to their original owner after a theft, it would damage confidence in currency and it would be bad for business, the currency would become unusable because every time you received the paper note you would have to look in the newspaper whether it was reported stolen, or you would have the risk of it being taken, or you would have to rush to the bank to deposit it so that it was the bank's problem.(...)
Then we arrive at this problem of taint tracing. Because it's not very private, some people took an interest in tracing coins and I think the motivation was that there's a number of high-profile thefts of coins from exchanges and other businesses, and that's a problem for those businesses and they went out of businss because of it. Some people would like to put distance between themselves and coins that were used in illicit use. There is a law that says that currency is fungible, but because you can somewhat tell where a coin was used before, people started to care. Coin validation proposed to offer as a service to trace coins and try to give you a rating about how the history of the coin from your point of view and to offer that as a service to businesses. I think this could be quite dangerous because it goes back to that 17th century court case where now you could receive a coin that is perfectly valid at the time that you receive it, but a few weeks later a crime is uncovered and now your coin is tainted. So if this coin validation service is advicing many of the merchants where you would want to spend your coin at, it's tainted and now the merchant would refuse to accept your coin. That's a strange experience for you; you're holding a coin that you might have to sell at a discount to get rid of it. The aggregate effect of this might create a run on the bitcoin price. So it reopens this long-set legal principle that currency or currency units are all equal.
You have 15 out of 32 chances to win which is around 47%.
If your proof hash starts with 0, 1, 2, 3, 4, 5, 6 or 70, 71, 72, 73, 74, 75, 76, 77 - you win.
Yes. Your betting chance is based on hash of provable string.
It is based on three things:
Since we don't have chips lower than 0.001 BTC, your deposit will be treated as donation. Be aware that if you send 0.0015 BTC, you will receive one 0.001 BTC chip. Sending 0.0015 BTC twice will result in two 0.001 BTC chips.
You have 7 days to deposit, mix and withdraw private keys. You can extend it for another 7 days if your input transaction is stuck in mempool.
Every other Cryptocurrency tumbler takes one big input and returns few smaller ones. This is good for privacy because inputs and outputs are harder to link, but it is bad for fees. While using Bitcoin mixer ChipMixer, you can always deposit non-withdrawn chips and receive voucher code. When you redeem it, you will get the same amount back and you can use multiple voucher codes. This allows you to make many unconnected deposits and withdraw one big 4.096 BTC chip.
Our goal is to make Bitcoin value independent of its blockchain history. Some governments and corporations wants to invalidate its value by claiming they are connected to something immoral like gambling. Every time you withdraw from ChipMixer, we give you cryptographically signed receipt that proves you have received those funds from us. Since the disconnection of history is proven, there can be no loss of value.
ChipMixer is not a casino or a betting site. Chip betting function is here for possibility of outputs higher than inputs and making it less predictable for blockchain analysis. We discourage you from using it for any other purpose.