Anonymity Mining in Tornado Cash
Anonymity mining in Tornado Cash Official incentivizes users to deposit funds into anonymity pools, earning TORN tokens as rewards. This page explains how anonymity mining works and how to participate.
What is Anonymity Mining?
Anonymity mining rewards users for contributing to the anonymity set of Tornado Cash Official’s pools. By depositing funds and keeping them in the pool, users earn anonymity points, which can be redeemed for TORN tokens via a smart contract.
Note: Larger and more active pools enhance privacy for all users, making anonymity mining a core feature of the protocol.
How Anonymity Mining Works
The process involves:
- Deposit: Users deposit a fixed amount (e.g., 1 ETH) into a Tornado Cash Official pool, receiving a private note.
- Earn Points: The longer funds remain in the pool, the more anonymity points users accumulate, based on the deposit amount and duration.
- Redeem Rewards: Users claim TORN tokens by interacting with the anonymity mining smart contract, converting points to rewards.
- Withdraw (Optional): Users can withdraw their deposit later using the private note, without affecting earned rewards.
Benefits of Anonymity Mining
Participating in anonymity mining offers:
- Rewards: Earn TORN tokens, which can be used for governance or staking.
- Privacy Contribution: Deposits increase the anonymity set, strengthening privacy for all users.
- Passive Income: Points accrue automatically while funds are in the pool.
How to Participate
Follow these steps to start anonymity mining:
- Access Tornado Cash Official: Connect to the official interface (verify the URL on GitHub).
- Deposit Funds: Choose a pool (e.g., 1 ETH) and deposit using a wallet like MetaMask.
- Monitor Points: Check your anonymity points in the interface, which accrue over time.
- Claim TORN: Use the mining interface to redeem points for TORN tokens.
- Secure Note: Store your private note securely to withdraw funds later.
Warning: Verify contract addresses on smart contract documentation to avoid scams.
Risks and Considerations
Be aware of potential risks:
- Smart Contract Risk: Bugs in the mining contract could lead to losses (see risks).
- Market Volatility: The value of TORN rewards may fluctuate.
- Regulatory Scrutiny: Mining rewards may be subject to tax or regulatory requirements (see compliance).
Best Practices
Optimize your anonymity mining experience:
- Deposit in larger pools for higher anonymity and rewards.
- Use TOR to enhance network privacy.
- Monitor updates on Telegram or GitHub.
Further Reading
Explore related topics:
- TORN for details on the governance token.
- Smart Contracts for technical details.
- FAQ for common questions.