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Each of the 5 Whirlpool participants submits 1 input into the transaction. For a mix to start, a minimum of two of these participants must be new entrants to the pool. These new entrants are known as 'premixers' and they are structurally integral to every Whirlpool mix.
Requiring 2 premixers to trigger a mix ensures that new liquidity forms part of every cycle and prevents the same pool UTXO's continually mixing with each other. If you would like to really get under the hood of a Whirlpool transaction, ta ke a look at this great article by Estudio Bitcoin. There are 3 main ways you can carry out Whirlpool mixes, all of them require you to have a Samourai Wallet on your Android phone.
I will cover them in order of ease of setup Samourai Wallet - Mobile Mixing. By far the easiest way to do your first Whirlpool mix is using your phone. Here is an article I wrote giving you a step by step guide on doing this.
Mobile mixing is the fastest way to get started but it not the best solution on it's own for long term mixing of larger amounts. Unfortunately, Android sometimes like to kill background activity of applications. This can sometimes mess with your ability to mix successfully. Here are some tips on ensuring you have a successful experience courtesy of DammKewl Check out dontkillmyapp. Whirlpool Desktop GUI. The desktop application connects with your Samourai Wallet and allows you to manage your mixing on your computer.
It's worth remembering that if you are using only the desktop GUI that mixing will only happen when the desktop app is open and running, so ensure that your computer doesn't have an auto sleep function active. Whirlpool CLI. Whirlpool CLI command line interface is the pinnacle of the Whirlpool stack. It does all of the heavy lifting, so you don't have to. It comes with the tradeoff that, of the 3 Whirlpool implementations, it's the hardest to setup.
However projects like RoninDojo make this setup a breeze. The Ultimate. Most 'power users' will connect and leverage all 3 of these approaches together into the ultimate Whirlpool stack. Here is what that looks like Set the default mix target to unlimited within the Desktop GUI. Here is a graphical explainer of how those parts link together Dojo is a backend server for your Samourai Wallet.
Running your own Dojo isn't absolutely necessary to interact with Samourai Wallet or Whirlpool, but doing so is the most private way to use these tools. You can install Dojo using any of the three methods listed above or there is a standalone install option for the more advanced user. Once setup, wallet connection is as simple as scanning a QR code. Remember, if you aren't running your own Dojo, you are trusting someone else's. A Tx0 is the transaction your Samourai Wallet will create that splits your selected UTXO's pieces of bitcoin into the right size chunks for the pool you have specified.
Using the example below we can see that a total of 2. So why 0. In this example we are a premixer and entering the pool for the first time with these UTXO's. The extra 0. You only pay these once as a premixer. Any remixing miner fees are covered by new people entering the pool. The Whirlpool fee structure is quite simple to understand.
You pay a single flat fee to the pool when you Tx0 and enter. There will of course be varying levels of miner fees which we will cover off in the next section. These fees are fixed regardless of the quantity of bitcoin you Tx0 and how often you want to remix it those UTXO's.
To calculate your total fees based on your specific mix criteria, please visit Whirlpool Fees. Whirlbot is a telegram bot that can provide you with different Whirlpool related stats that can help decide how and when to mix.
To calculate your Whirlpool fees please use this w ebsite. No, you only pay the pool and miner fees when you enter a pool for the first time. Any fees for subsequent remixes you participate in are covered by the new people entering the pool. Everyone has their own preferences so there is no right or wrong answer here. Although there are two main things to consider, the fees you are going to pay for entering the pool and the amount of outputs you will need to manage postmix.
You should also consider is your spending habits, if you are going to make lots of small purchases then the 0. Alternatively, if you are mixing large amounts and not intending to spend for a long time then you will have far less UTXO's to manage if you use the 0.
It's good that they provide you with this cause there are not so many platforms that gives you a trainer to help you achieve more profit. First you need to learn and after that to make the real money. Btw they charge for commissions as others but they are not so big, so it's worthy. Carlo - April 18, All fixed. What happened? It was not BTC Markets' fault. I did not know that TenX the card were I put the ethers, uses smart contracts.
Hence, although the transaction went through, BTC could not credited as they clearly stated on their website before doing the transfer because they do not operate with smart contacts.
Thanks BTC Markets and the support team. After coping the deposit details from BTC Markets for my Ethereum account and checking the account again before sending the ether I sent 3. On the block all is fine, confirmations, addresses are correct and amounts, no comments on the block. Tnex has confirmed the transaction. Two tickets sent to customer service.
I will need to wait till Monday to see. I am not saying that are lost yet. Otherwise, let's the banks trade on cryptos and lets wait the weekend to get the money. A week ago, I had an issue with a cash deposit, it took 60 hours to get credited.
I did not send a ticket to customer service though. Anybody in Australia with the same experience Alex - March 12, Sam - February 2, Now having to undergo a bank trace which can take 45 days to find out where my funds went, and honestly I feel like I got scammed.
BTC Markets sound clueless as they have no ongoings with their payment provider so any mistake between the market and PP and you're going to be sitting on your hands wondering whether you'll ever get your money. Bad time too because I'm travelling and needed this money for a plane ticket and don't know what to do.
Tony - October 26, My account hacked. Not impressed. Theo M. Fee System is completely skewed and favours first in. Fees are incredibly high for an "exchange" and they will charge massive withdraw fees. David - June 9, Used to be good 2 years ago up to the last few months now be very careful with your crypto?
Aj - May 13, Support isn't that great. I never get an explanation to their IT issues, they just close the ticket and say it's resolved when their blockchain isn't making deposits and withdrawals in a timely manner. I would look elsewhere, there are a few nice exchanges planned in the future so I will be doing the change over.
Scholtz - March 13, I just want a refund of my money. I don't want to trade with BTC anymore. After several mails I am still not getting any help from them. Btc user - December 25, Btc Markets is user friendly and a no frills exchange. I shorted it and 10 hours later, the coin was at There is serious inaccuracy with the statistics. Tam - October 30, Trading with them since August Initially it was all trading and buying from this exchange but recently withdrawn decent stack of money and never had any issues.
All withdrawals are processed by 6 PM and funds are available by night. Happy with their support as well. I have been using BTC Markets for several months now.
About a week and a half ago after I had bought some Bitcoin, they stopped withdrawals. It took several days to get my BTC out. I figured that was a once off and I kept using them. Now today the same thing happened again.