Post
Topic
Board Bitcoin Discussion
Re: I'm Having difficulty understanding Chipmixer
by
aundroid
on 17/09/2019, 19:30:31 UTC
ChipMixer works a little different than other btc mixers -instead of merging your Bitcoins with those of other users, they' have developed a system based on chips.
Each time a user deposits Bitcoin, the user receives the equivalent in chips.
The value of each chip is pre-defined and is supported by Bitcoin addresses already set up and pre-financed by ChipMixer.

Once you have received the chips, you can do the following:

Quote

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.
[source: https://chipmixer.com/faq]

For further details I would recommend to just read the FAQs I linked above.