Difference between revisions of "BitLaundry"

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''BitLaundry - For all your Bitcoin washing needs.'''
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BitLaundry is a Bitcoin [[mixing service]] or tumbler, designed to help unlink Bitcoin transactions and addresses from each other. The service allows users to enter up to 10 destination Bitcoin addresses and to have their payouts scheduled over up to 10 days with up to 10 transactions per day. As of February 18, 2016, it charges a base fee of 0.49% of the total amount input to a tumbling scheme, plus BTC 0.00049 per outgoing transaction. BitLaundry advertises itself as "For all your Bitcoin washing needs."
  
==How BitLaundry works==
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The mixer was introduced on September 1, 2010<ref>[http://bitcointalk.org/?topic=963.0 Announcing: BitLaundry -- decorrelated payment service]</ref>, and on May 19, 2011 a new operator, stateless ex-American [https://en.wikipedia.org/wiki/Mike_Gogulski Mike Gogulski], announced that he acquired BitLaundry.<ref>[http://bitcointalk.org/index.php?topic=9018.0 BitLaundry re-launch!]</ref>
  
BitLaundry is designed to help unlink accounts from each other. It does that by providing a well-known, and hopefully popular service. Here's how it works:
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==External Links==
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* [http://bitlaundry.com BitLaundry] website
  
Imagine that Alice wishes to send Bitcoins to Bob.
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==References==
Bob, sadly, is not well liked. Alice would rather not have anyone know that she sent Bob Bitcoins.
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<references />
So, Alice enters Bob's Bitcoin address into the form at BitLaundry, and selects a delivery schedule.
 
Alice gets a one-time-use address from BitLaundry.
 
Alice sends her Bitcoins to that address, and they get all mixed up with BitLaundry's other Bitcoins.
 
BitLaundry waits until Alice's Bitcoins are received with 10 confirmations.
 
BitLaundry deletes the database link between the one-time-use address and Bob's address.
 
BitLaundry sends Bitcoins out to Bob according to the delivery schedule.
 
 
 
==External Links==
 
  
<span style="color:red;font-size:1.25em">'''http://laundryzlzgnni4n.onion/'''</span> Original Link
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==See Also==
  
* [http://laundryzlzgnni4n.onion/ Official website]
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* [[Anonymity]]
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* [http://www.bitcoin.org/smf/index.php?topic=2893.0 RFC: Bitcoin Mixnet]
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* [[Mixing service]]
  
  
[[Category:Mixing_Services]]
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[[Category:Mixing Services]]

Latest revision as of 01:47, 10 June 2019

BitLaundry is a Bitcoin mixing service or tumbler, designed to help unlink Bitcoin transactions and addresses from each other. The service allows users to enter up to 10 destination Bitcoin addresses and to have their payouts scheduled over up to 10 days with up to 10 transactions per day. As of February 18, 2016, it charges a base fee of 0.49% of the total amount input to a tumbling scheme, plus BTC 0.00049 per outgoing transaction. BitLaundry advertises itself as "For all your Bitcoin washing needs."

The mixer was introduced on September 1, 2010[1], and on May 19, 2011 a new operator, stateless ex-American Mike Gogulski, announced that he acquired BitLaundry.[2]

External Links

References

See Also