Can smb to explain what the mixing depth is?
I'm trying to understand all features of joinmarket. But I can't find out nothing about mixing depth in wiki .
I'm understand, that there are wallets each in own mixing depth. I'm sending coins from mix depth 0 - 4, but I can't see no difference between. Is it only used only for wallet organizing?
Is any security difference between sending coins from mix depth 0 and mix depth 4 ?
My understanding is that mixing depths represent distinct identities within the software. As coinjoins are done, coins move from one mixing depth to the next higher one. Therefore, assuming you add coins at mixing depth 0, outputs at depth 4 will have gone through 4 coinjoins. This is harder to correlate than coins at mixing depth 3 or 2 or 1. One thing you should never do, and I think the wiki talks about this is to send coins from different depths to the same external wallet as that may allow some blockchain analysis to put together your different depths. Hope that helps.