Post
Topic
Board Service Announcements
Re: [ANN] ChipMixer - mixing reinvented
by
Muhammed Zakir
on 01/07/2017, 10:12:09 UTC
  -snip-

I have still have one thing which I still cannot figure out, please enlighten me. Smiley When you deposit into an address, the chips are claimed to be already credited in the account via different sizes of chips, and how is this done so? It says that it the amount would already be there, so your deposit have no connection with the mixer chips. How does this work?

Okay, so what happens is chipmixer gets previous user funds, sends them as different outputs(0.001 BTC, 0.002 BTC etc.) to addresses to fund individual "chips". This way, your privacy is guaranteed as the coin comes from a pool of user funds, and it is definitely not your coin because it is done before the whole mixing process starts. Then when you deposit you'll get aforementioned chips that add up to the value of your deposit. Simple as that, yet very secure and private.

Assuming chips in ChipMixer as "poker chips"(chips in casinos) may make understanding them easier.