aljaz/bitcoin-tutorials
1
1
Fork 0
mirror of https://github.com/openoms/bitcoin-tutorials.git synced 2026-01-08 14:24:21 +01:00
Code Issues Packages Projects Releases Wiki Activity
Files
d99fc4cf9e6c62f633aed4d25c2b4c65a8bae21a
bitcoin-tutorials/joinmarket
History
openoms d99fc4cf9e formatting
2020-04-22 12:42:31 +01:00
..
joinmarket_desktop_to_blitz.md
formatting
2020-04-22 12:42:31 +01:00
README.md
joinmarket: update forums
2020-04-20 15:30:44 +01:00

README.md

JoinMarket on the RaspiBlitz

A long standing coinjoin implementation with decentralised coordination and incentive structure.

Tested on:

  • RPi4 4GB with RaspiBlitz v1.4
  • Odroid HC1 with RaspiBlitz v1.3

Check the current offers in the order book: https://joinmarket.me/ob/

One can coinjoin any amount within the offer limits by default with 5-7 random participants at a time. The taker fees are maximised, then the offers within the limits are randomly chosen to participate. Most parameters can be easily customized.

Installation

Now you can use the automated install script which will be the part of the RaspiBlitz v1.5 release and can be installed form SERVICES menu.

What the script does:

  • sets up a separate user: joinmarket with sudo access. Uses the PASSWORD_B as the user password
  • the data directory is on the disk at /mnt/hdd/app-data/.joinmarket, symlinked to /home/joinmarket/.joinmarket and will be kept during the SD-card updates
  • if joinmarket was set up already using a previous version of this tutorial the the wallet(s) will be copied to the new data directory automatically
  • will be compatible with GUI being worked on here: https://github.com/openoms/joininbox

To install JoinMarket on RaspiBlitz v1.4 (earlier versions are not supported):

#download:
wget https://raw.githubusercontent.com/rootzoll/raspiblitz/v1.5/home.admin/config.scripts/bonus.joinmarket.sh
#run:
sudo bash bonus.joinmarket.sh on

Start by logging in with the joinmarket user:
sudo su - joinmarket

Generate a wallet

  • Using the JoinMarket wallet: https://github.com/JoinMarket-Org/joinmarket/wiki/Using-the-JoinMarket-internal-wallet

    (jmvenv) $ python wallet-tool.py generate

    • JoinMarket uses a hot wallet sitting on your Raspberry Pi. Keep it safe.
    • Backup your seed and store safely. Best to not keep the seed and the passphrase together.
    • The wallet encryption password will be needed every time when there is interaction with the wallet. Store it somewhere accessible, best if encrypted.

  • Display the addresses of the mixdepth zero to fund:

    (jmvenv) $ python wallet-tool.py -m 0 wallet.jmdat

    Will display after the first run:

    [INFO]  Detected new wallet, performing initial import
restart Bitcoin Core with -rescan or use `bitcoin-cli rescanblockchain` if you're recovering an existing wallet from backup seed
Otherwise just restart this joinmarket application.

    Run again to see the addresses of the mixdepth zero (fund the first one):

    (jmvenv) $ python wallet-tool.py -m 0 wallet.jmdat

Send payments with a coinjoin with the sendpayment.py

You can pay or withdraw to an external address with (or without) a CoinJoin using the sendpayment.py.

  • Described in: https://github.com/JoinMarket-Org/joinmarket-clientserver/blob/master/docs/USAGE.md#try-out-a-coinjoin-using-sendpaymentpy

  • How to keep fees to minimum:

    • Edit the joinmarket.cfg:
      $ sudo nano /home/joinmarket/.joinmarket/joinmarket.cfg
    • Look for: tx_fees = 3 and change to txfees = 1200 to pay 1.2 sats/byte (+/-20%) mining fee for transactions. Note that in times of high mempool usage it can take a long time to have transactions confirmed with this low fee.
    • Set #max_cj_fee_abs = x to max_cj_fee_abs = 100 to pay max 100 sats per maker when coinjoining.
    • Set #max_cj_fee_rel = x to max_cj_fee_rel = 0.0001 to pay max 0.01% per relative offer when coinjoining. These settings might make it difficult to find counterparties to coinjoin with, see the offerbook for the market and increase limit if offers are scarce or running into errors.
    • press CTRL + o, ENTER to save and CTRL + X to exit.

Tumbler script

The Tumbler does series of CoinJoins with various amounts and timing between them to break the link between different addresses. The Yield Generator only mixes the coins slowly but close to free (it is even possible to earn some fees). With the Tumbler the CoinJoin process is faster but the miner and maker fees are all paid by the taker running the Tumbler.

Run a Yield Generator

  • Read the basics: https://github.com/JoinMarket-Org/joinmarket/wiki/Running-a-Yield-Generator

  • Edit the settings:
    $ nano yg-privacyenhanced.py

    """THESE SETTINGS CAN SIMPLY BE EDITED BY HAND IN THIS FILE:
"""

ordertype = 'swreloffer'  # [string, 'swreloffer' or 'swabsoffer'] / which fee type to actually use
cjfee_a = 500             # [satoshis, any integer] / absolute offer fee you wish to receive for coinjoins (cj)
cjfee_r = '0.00003'       # [percent, any str between 0-1] / relative offer fee you wish to receive based on a cj's amount
cjfee_factor = 0.1        # [percent, 0-1] / variance around the average fee. Ex: 200 fee, 0.2 var = fee is btw 160-240
txfee = 000               # [satoshis, any integer] / the average transaction fee you're adding to coinjoin transactions
txfee_factor = 0.3        # [percent, 0-1] / variance around the average fee. Ex: 1000 fee, 0.2 var = fee is btw 800-1200
minsize = 500000         # [satoshis, any integer] / minimum size of your cj offer. Lower cj amounts will be disregarded
size_factor = 0.1         # [percent, 0-1] / variance around all offer sizes. Ex: 500k minsize, 0.1 var = 450k-550k
gaplimit = 6

# end of settings customization
    • ordertype sets either a relative (swreloffer) or an absolute (swabsoffer) coinjoin fee model
    • cjfee_a is the fixed coinjoin fee to be earned when using swabsoffer
    • cjfee_r is the relative fee when using swreloffer. Specified as the fraction of the used amount.
    • txfee is the maker's contribution to the miner fees (still paid by the taker). To reduce the minimum offer amount for swreloffer set it to 0.
    • minsize specifies the minimum offer size in satoshis (this is the minimum size the UTXO will end up to be after participating in coinjoin)

  • Once set up run:

    (jmvenv) $ python yg-privacyenhanced.py wallet.jmdat

Check the transaction history

  • use the wallet tool:
    (jmvenv) $ python wallet-tool.py wallet.jmdat history

    add -v 4 to the end of the command for a more detailed list.

  • View the log of the transactions of the Yield Generator:
    $ cat ~/.joinmarket/logs/yigen-statement.csv

  • Display as a table in the terminal:
    $ column -s, -t < ~/.joinmarket/logs/yigen-statement.csv | less -#2 -N -S
    press q to exit

  • Monitor continously with:
    $ tail -f -n 100 ~/.joinmarket/logs/yigen-statement.csv

Keep the offers running in the background with Tmux

  • Start:
    $ sudo su joinmarket
    $ tmux

  • Work in the terminal as described above.
    Find a basic introduction to Tmux at https://www.ocf.berkeley.edu/~ckuehl/tmux/

  • To detach the Tmux session (and keep the processes running in the background) press CTRL + b, then d.

  • If the terminal is disconnected the processes in Tmux keep running (as it is running on the Blitz) and can be returned to

  • when logged in after a disconnection run:
    $ tmux a
    to pick up where left off

Remote connection with ssh -X

h/t @coconutanna on the #joinmarket Freenode IRC channel

Use the JoinMarket QT GUI on a desktop, connecting remotely to the node. It needs Xserver running locally so making it work on Mac and Windows requires some more input.

Try the remote QT GUI connection on Linux:

ssh -X joinmarket@RASPIBLITZ_IP joinmarket-clientserver/jmvenv/bin/python joinmarket-clientserver/scripts/joinmarket-qt.py

The password is the PASSWORD_B

Successfully tested to open the JoinMarket QT GUI remotely on a desktop running:

  • Debian Buster

  • Manjaro

  • Mac needs XQuartz installed. See the comment from @k3tan172

  • Windows requires Xming or similar. Xming is likely to be used with Putty - waiting for confimation on this to work.

See the walkthrough for the JoinMarket-Qt GUI to send payments with coinjoin or run multiple coinjoins (tumbler): https://github.com/JoinMarket-Org/joinmarket-clientserver/blob/master/docs/JOINMARKET-QT-GUIDE.md

Video demonstration of using the JoinMarket-Qt GUI by @AdamISZ: https://youtu.be/hwmvZVQ4C4M

See this review thread about the GUI option: https://twitter.com/zndtoshi/status/1191799199119134720

Run the Offer Book locally

The offer book is usually available at https://joinmarket.me/ob. The page being down does not affect the functionality of JoinMarket. Communication between the nodes is encrypted and passing through IRC servers.

  • Any JoinMarket instance can build the offer book itself:
    Run in Tmux (as described above) to keep running when the terminal is closed. 
    cd ~/joinmarket-clientserver/scripts/obwatch
# install the matplotlib dependency first
sudo apt install matplotlib
python ob-watcher.py
  • Create a Hidden service:
    Use the RaspiBlitz script internet.hiddenservice.sh 
    /home/admin/config.scripts/internet.hiddenservice.sh ob-watcher 80 62601
  • visit the displayed .onion hidden service address in the Tor Browser for the local offer book.

Export a private key of an individual UTXO-s to Electrum Wallet (advanced)

https://github.com/JoinMarket-Org/joinmarket-clientserver/blob/master/docs/USAGE.md#recovering-private-keys

  • Example syntax to obtain the private keys (WIF format):
    using the derivation path (m/...) as specified in the wallet-tool.py output; note the need to use double quotes around it.

    (jmvenv)$python wallet-tool.py -H "m/49'/0'/4'/0/0" wallet.jmdat dumpprivkey
Enter wallet decryption passphrase: 
L1YPrEGNMwwfnvzBfAiPiPC4zb5s6Urpqnk88zNHgsYLHrq2Umss

  • Open Electrum Wallet and start to create a new wallet.

  • Select Import Bitcoin Addresses or private keys

  • paste the private key you want to use as:
    p2wpkh-p2sh:WIF_FORMAT_PRIV_KEY

Resources

Forums