Is There A Large Ethereum Mixer?
Recently it seems as if the Ethereum network has been processing more transactions than Bitcoin . However, it seems as if the bulk of these transactions are being done by one large mixer that trys to hide where the funds are going. It does seem, however, that it may just be quite mundane. Originally developed for Ethereum smart contract technology, the token has been looked at as a rather safe and secure way to transact. This is in contrast to Bitcoin that has taken on more of the darknet. However, this has changed recently with a lot of the ICOs that have been taking place. Transaction mixers are not generally for those people who have nothing to hide. This has led many to believe that these Ethereuem mixers are being used for nefarious purposes. Yet, before we start to judge something before it is clear, let us take a look at some analysis . Researchers decided to take a look at all of the Ethereum transactions that have taken place in the genesis block up till the 16th of September 2017. In order to be able to cluster the numerous addresses, they looked for patterns in the transactions that would indicate that these addresses were indeed related in somehow. This analysis resulted in a really interesting finding. There appear to be a large amount of Ethereum throwaway addresses at the center of the transaction pool. They were used only to receive money for certain transactions, send that money and were then never used again. These addresses constituted over 46% of all of the active addresses and at least 65% of all of the transactions on the network. This is no doubt quite a staggering number. Although this may sound a bit alarming, you should consider that this may be spoof able. According to Vitalik Buterin , the Ethereum founder, someone could easily send a large Continue reading >>
[ann] Privcoin.io Mixing Service For Ethereum, Litecoin, And Bitcoin Cash
Sorry to come late to the party! I have never needed to consider any other mixing service since I started using one recently, as I chiefly only need to add privacy to my Bitcoins. However, with considerable amounts of my crypto portfolio will now almost permanently in alts, including Litecoin and Ethereum, I am looking to a mixer that supports these too. I will probably not start mixing until next year, if at all, depending a lot on what happens with the market, but better to start preparations early. Question for Privcoin: you say you are the most advanced. Can you explain how? P.S. Let us compare to one of the best out there that has now closed down (bitmixer). Quote from: leea-1334 on November 12, 2017, 07:35:41 PM Sorry to come late to the party! I have never needed to consider any other mixing service since I started using one recently, as I chiefly only need to add privacy to my Bitcoins. However, with considerable amounts of my crypto portfolio will now almost permanently in alts, including Litecoin and Ethereum, I am looking to a mixer that supports these too. I will probably not start mixing until next year, if at all, depending a lot on what happens with the market, but better to start preparations early. Question for Privcoin: you say you are the most advanced. Can you explain how? P.S. Let us compare to one of the best out there that has now closed down (bitmixer). Compared to the former best out there, we are technologically identical in every way except two. Same as Bitmixer, we offer custom delays per address, custom percents per address and custom fees. Better than Bitmixer, we get your forwarded coins to you usually in the next block by paying higher miner fees. We also support 4 different crypto currencies where Bitmixer only supported one. In the fut Continue reading >>
Bitcoin Coin Mixing Network Effect Ethereum Mining Safe
Bitcoin Coin Mixing Network Effect Ethereum Mining Safe Other demurrage fees are transfers of revenue from one private key to. As Nicehash is currently working to relaunch following a hack, other alternatives include WinMiner and Kryptexthough I can't vouch for either service. In reality, it is probably less because not everyone stakes but Bitcoin Mining On A Server How To Recover Password From Ethereum Wallet gives a rough idea about how long NXT can potentially. However, these dead keys can still be used to generate txns. To facilitate the system, data should be extracted from the block chain in a readily accessible database Mine Cryptocurrency With Laptop How Business Receive Ethereum is updated with each block. There are many variables, and the market is extremely volatile, but as you might have guessed given the current prices of many GPUs, the answer Bitfinex 85 Bitcoin Cash Litecoin Crash 2018 a Spend Litecoin App For Cryptocurrencies With Trailing Stops Bitcoin Coin Mixing Network Effect Ethereum Mining Safe more of our special package that examines the hurdles and advances in the field of forensics. If all this sounds time consuming, it can beand the people who are really into cryptocurrency often do this as a full-time job. Proof of Stake From Bitcoin Wiki. Fees are added to the fund immediately, so there is a weak incentive to include high fee txns in blocks. When Ulbricht, the ringleader, was hiring help to expand his operation, he used the same pseudonym he had adopted years before to post announcements on illegal drug discussion forums; that and other moments of sloppiness made him a suspect. I am replacing my description with a new system which I believe to be much more secure. A good level of security can be achieved by waiting for a block to be cemente Continue reading >>
Make My Own Bitcoin Wallet Ethereum Mixer
I Think This Article Really Deserves A Bold Clarification/correction.
I think this article really deserves a bold clarification/correction. It uses transaction volume in a few places as a synonym for total quantity of ETH sent, which is not a usage of that term that I have ever seen in ethereum. Phrases like the share of the Mixer in all Ethereum transactions has changed over time and an overall growth pattern of Ethereum transactions looks very differently when the Mixer share is excluded contribute further to the misleading nature of the claim, as nobody ever uses Ethereum transactions to mean quantity of ETH transacted either; rather, such phrases refer to the number of transactions sent ( ). This use of terminology is already confusing people, see . Furthermore, I think that total quantity of ETH sent is a completely useless metric, because it is easily spoofable; if I were to send 400k ETH to myself in every block, then that would generate ~2b ETH moved per day, outshining whatever this mixer is by a factor of 100, and I would probably be paying less than this thing in transaction fees to accomplish that. This is precisely the reason why the bitcoin community prefers talking about coin days destroyed. This finding is substantial, but its a VERY different result from what its being misinterpreted as, which is something like 2/3 of all activity on ethereum is one single mixer, which is NOT true. By clapping more or less, you can signal to us which stories really stand out. Continue reading >>
Huge Ethereum Mixer Cyberlog
68% of total Ethereum transaction value controlled by one system UPDATE: We have released the Jupiter notebook on Github so that anyone can repeat the analysis done. Analyzing the Ethereum transactions, cyberFund has come across a finding that struck us so much that we rushed to dig deeper into this issue. We now wish to share our findings with a community hoping to come up with an explanation together. The clusterization of all Ethereum addresses from the inception of Ethereum until 15.09.2017 revealed a class of addresses that we will call in this paper temporary. These are addresses where funds come and leave within a short time interval no longer than 1 hour, after which the addresses are never used again. The temporary addresses constituted 46% of all active addresses and processed 65% of total transaction value during the analysed period. Analyzing transactions where these addresses were involved, we managed to collect piece by piece a full picture of what was going on: In the centre of the picture above, one can see a core of the Mixer which consists of more than 95% of temporary addresses. This core interacts with a group of shell addresses, or a shell layer, which includes both permanent and temporary addresses. The shell layer in its turn receives ETH from what we will call input addresses and sends ETH to output addresses displayed left- and right-hand on the scheme respectively. We looked up the names of the owners of these addresses in Etherscan. Only a few of these addresses had a name of the owner attached to them on Etherscan . The other names displayed on the picture above are the names mentioned in users commentaries on Etherscan, so we can only assume that they are the real owners of these addresses. In the end, it turned out that the total amount tr Continue reading >>
Analysis: Are 70 Percent Of Ethereums Transaction Value The Result Of A Huge Mixer?
Analysis: Are 70 percent of Ethereums Transaction Value the Result of a Huge Mixer? For some months the Ethereum network has processed more transactions than Bitcoin . However, a recent study discovers that 68 percent of the transactions value belongs to a huge mixer which obfuscates the origin of the ether. But the source could be more boring than supposed on first thought. Actually Ethereum enjoys the nimbus of being the white blockchain. While bitcoin has the bad reputation as the Dark Nets currency of choice, ether usually is classified as the innocent currency of banks and geeks. However, this standing has started to totter. Not only has the ICO hype demonstrated that Ethereums first killer app is being a global platform for unregulated crowdfunding a new analysis of Ethereums transaction graph has what it takes to disrupt the nice guy image further. At least the authors of the analyses claim that in the center of Ethereums economic activity is a mixer. And usually, mixers are not said to be a tool for those who have nothing to hide. But before we take premature conclusions, lets take a look at the analysis. Throwaway Addresses at the Core of the Scheme The Cyber Blog team analyzed all Ethereum transactions from Genesis Block to September 15, 2017. To do so, they clustered the addresses, which means that they searched for patterns which indicate that the addresses belong together. The concept is well known from Bitcoin, where sophisticated clustering algorithms have started to play a growing role in law enforcements investigations of Dark Net activities. The clustering analysis of Ethereum s blockchain resulted in a remarkable new finding; there is a class of throwaway addresses. These addresses received money, sent money shortly after and have never been used sin Continue reading >>
One Huge Ethereum Mixer Controlling 65% Of All Transactions Volume: Analysts
One Huge Ethereum Mixer Controlling 65% of All Transactions Volume: Analysts What means that the single mechanism is responsible for most of all Ethereum transactions A group of extremely savvy analysts started evaluating how much and where ETH transactions were being processed. What they found was a bit of a surprise. According to the analysis, over 65 percent of all ETH transactions are generated using temporary addresses. In other words, funds come into the address and leave the address again, usually within an hour, and the addresses are never used again. The finding, on the cyberFund blog, indicates that an Ethereum mixer is moving funds into temporary addresses, mixing them around from address to address, and then outputting them into more fixed addresses on different exchanges. The graphic below indicates the process. The issue with these transactions is that they represent a massive part of all Ethereum transactions taking place, indicating that funds are being moved rapidly, and for some purpose that is not evidently clear. The analysis that at least one of the following possible options must be true of the mixer. 1. The protection offered to clients by crypto-exchanges: all clients funds are mixed so that the funds sources cannot be tracked and those holding clean money cannot be unjustifiably accused of any illegal activity 2. A mechanism set in place to protect US residents who wish to avoid control from US regulatory bodies 3. A mechanism used by a large private exchange to preserve the privacy of its clients; this exchange might be operating with fiat money 4. A mechanism used to securely transfer crypto-assets between crypto-exchanges 5. Any kind of Ethereum-laundering scheme Which of these options is actually the purpose remains to be seen. However, if Continue reading >>
Anonymity - Is There Any Ether Mixer / Tumbler Available? - Ethereum Stack Exchange
Is there any Ether mixer / tumbler available? Quick checking around there are exactly two references to an Ether Mixer - this non functioning and here (r/ethereum) 24 days ago. Unless I am missing something how can I hide the source of an ETH transfer? I have a couple of Genesis block pre sale accounts. I want to send a handful to this new Daemon DAO for the hell of it. What I don't want is anyone to trace and see it all the way back to my mega stack in my pre sale account. Or is there only ETH -> BTC -> Mixing -> ETH and then send it? Would Shapeshift work in this fashion? ETH to them, goes where ever, they convert it on their account, send me the BTC to my virgin account, send back to buy ETH, receive in virgin ETH account, then send to the Daemon DAO? I do think I am missing something somewhere. P.S. I don't have any BTC and don't have money to buy it just for this, I do have lots of ETH. I recently proposed a protocol for decentralized ether mixer. But it has some non-trivial assumptions. Yaron Velner Sep 8 '16 at 8:23 Theoretically you could make an Ethereum mixer but I don't think it would be productive. This stems from 2 major flaws with mixers. Mixers aren't truly anonymous it obfuscates data but with enough computing power it can be decoded. You're spending a lot of Ethereum on transactions when you don't need to. This is true with Bitcoin as well where mixers end up costing 2%-3%. In my opion the best way to 'clean' ethereum or bitcoin if you want to is to use a site like ShapeShift and change your ethereum into Monero (a crypto specializing in anonymity). Move that Monero to a second wallet and then transfer it back out (possibly through a second website to avoid timing attacks). The costs of these transactions are minimal compared to the costs of mixing. Et Continue reading >>
A Decentralized Mixer For Ethereum? Zcoin Is Working On It - Coindesk
A Decentralized Mixer For Ethereum? Zcoin Is Working on It The development team behind zcoin, a privacy-focused cryptocurrency built on the Zerocoin protocol, has announced a project to create a decentralized coin mixer for ether transactions. Revealed in a post on the zcoin blog published 4thMay, the idea is to create an ethereum-compatible version of the procedures in the Zerocoin protocol whichallow users to convert non-anonymous cryptocurrency (bitcoin, ether etc) into an anonymous token. The idea is that these tokens could be sent to another user, converted back into the base currency and spent without revealing the private token's owner. Running such a system on ethereum opens up the possibility of both leveraging the platform's smart contract functionality and eliminating the need for a trusted third party to handle the mixing, as is currently the case with bitcoin mixers. "Unlike Coinjoin and its variants, it also does not require a central server to process such mixing, does not require you to trust any third parties and does not require other users to provide liquidity for a mixing transaction." While the highest levels of anonymity in the cryptocurrency space are currently associated with standalone currencies such as zcash, dash and monero, the zcoin mixer is representative of a small but growing trend in privacy projects focused on ethereum. Another such example, ZoE (Zcash on ethereum) , similarly showed that there are fruitful avenues to explore in bringing anonymity technology tothe distributed computing platform. Continue reading >>
Ethereum Mixer | Mix Your Ether Now! Low Fees. Safe. Fast And Anyonymous
Please download this and keep it securely stored. For security/privacy reasons it is important to delete the file after recieving your mixed Ether. The server is currently under maintenance. Please try again later. Error 2: Your address is invalid. It might be the length or if it contained captial letters the address checksum didn't match up. Pleas try again with lowercase letters only. Error 3: The timedelay you set is invalid. Please make sure its between 0 and 192 hours. Error 4: The mixing code you provided is invalid. Please leave it empty or enter a valid one. Error 5: An unknown error happened. If you see this error more than once please contact us via email. Error 6: Address is invalid because the address belongs to a contract. Please us a standart non contract wallet. Ethereum isn't anonymous by default. Everyone can see where your Ether is going to or coming from. The key is to hide which address belongs to you. That's what we are here for. By using our service we will break the link between addresses for you! After recieving your Ether we will send you freshly premixed Ether from our reserve directly to the address you've given to us. Your old Ether will then be added to the reserve. In order to not recieve your old Ether back next time you have to put in your mixing code you recieved on your first order. For further information please take a look at our FAQ . 0.005 Ether fixed per generated address and less than 2% on the remaining amount (minus the fixed fee). So if you would send us 1.005 Ether you would recieve at least 0.98 Ether (minus 0.005ETH fixed and minus less than 2%/0.02ETH variable). Please take a look at our fee calculator to make things easier. Continue reading >>
What Is The Decentralized Ether Mixer Smart Contract?
What is the Decentralized Ether Mixer Smart Contract? When the AlphaBay darknet market announced they would integrate Ethereum, a lot of people were caught by surprise. Ethereum has no anonymous payment solution. It makes little sense to integrate such a payment solution if it cant provide anonymity. However, a decentralized Ether Mixer is currently in development. It may not be a perfect solution, but now is a good time to see what this project has to offer. The Decentralized Ether Mixer Smart Contract It is evident the Ethereum ecosystem could benefit from anonymous payment solutions. Although not everyone wants to use this currency for nefarious purposes, some people like to have some additional privacy at any given time. Unfortunately, that is rather difficult to achieve in the Ethereum ecosystem right now. This situation may come to change soon, though, thanks to the Decentralized Ether Mixer smart contract. To put this concept into perspective, the goal is to make Ethereum mixing as decentralized as possible. In the world of Bitcoin, mixing services are run by one or multiple operators. Using such a service means the sender has to fully trust the mixer operator not to steal their funds. While this is usually not much of a problem, it still creates some trust issues along the way. Using a decentralized approach makes a lot more sense for mixing services, but it is also more difficult to integrate. The team working on this concept is making use of a smart contract to provide decentralized Ethereum mixing services. More specifically, the contract lets multiple parties deposit funds and withdraw the same amount through the use of different anonymous addresses. This sounds great on paper, although one could argue there is no need to use a smart contract for such featu Continue reading >>
Eth Blender - The #1 Instant Ether Mixer
Latest Alert: Our ETH reserve has increased! Leave Bitcoin in 2017 because the year 2018 is Etherum's time to shine. On 8 January 2018, 200,000 new Ethereum wallets were created through the network in a single day. With this demand many new users have been using ETHBlender.com which allowed us to increase our reserve. You can now mix up to 22 ETH in a single transaction and be guaranteed to receive fresh coins. ETHBlender.com has a proven track record in the ethereum community. A combination of different mixing techniques backed up by a huge buffer and new mined coins daily ensure you never receive your old dirty coins. Our web host is fully offshore and all data is encrypted. Once you receive your new ethereum you can delete your transaction receipt instantly from our server. We keep no logs! Because we have been running as a premier mixer for years, we have a constant stock pile of new ethereum. We also receive new coins daily that are being mined in the cloud. Whether you send 0.02 ETH or 20 ETH, our system will deliver you new ethereum instantly after only 1 ethereum network confirmation (within minutes usually unless you change the delay time) Is it really instant to receive new ethereum? Once you start a ethereum mix, we have to wait for 1 confirmation from the ethereum network to ensure the ethereum clear. This usually takes just a few minutes and then the system will send you new coins to your wallet(s) specified. For extra privacy and the paranoid users, we do recommend setting a higher delay prior to the start of the ethereum blend. The random time feature is the most recommended, which Ethers will be randomly deposited to your supplied ETH wallet addresses between 5 minutes and up to 6 hours. Just start a ethereum blend before bed and wake up to fresh new co Continue reading >>
What Is A Bitcoin Mixer Ethereum Token
Privcoin.io - An Ethereum Mixer