you didn't understand the fee structure on thormixer
4%-5% service fee + 0.0007 BTC (fixed per address) as network fee.
- service fee = interest taken by the mixer for service rendered
- network fee = to cover transaction fee costs for moving funds from address to address.
Now it is clear to me! I was only thinking about the service fee and did not realize the transaction fee. That makes sense a fixed transaction fee in a volatile environment is what every platform that deals in Bitcoin keeps. Thanks for the detailed explanation about the fee structure.
Yeah, that was a very clear explanation there indeed, thanks examples for coming through with that.
And my personal note now is that, I honestly feel that the network fee that is fixed at 0.0007 is a bit too exorbitant, or should I rather say; expensive.
Recently and for even some months now, the bitcoin network has been kind of free from congestions, with less than $2 worth of bitcoin, one can get a confirmation in less than 15, 10 minutes.
Or is it possible that the remaining excess will be returned back to the user after the amount of bitcoin needed for a confirmation in minimal timeframe is collected from the 0.0007?
I am just trying to understand this mixer much better so as to know what to expect when am ready for testing it.