Bitcoin Forum
January 16, 2018, 01:53:20 PM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Mine XRP Ripple for free on DigitalOcean ($10 Free Credit)  (Read 7721 times)
newuser01
Sr. Member
****
Offline Offline

Activity: 434


View Profile
November 30, 2014, 11:05:27 PM
 #21

You don't

You buy them on an exchange.. even when this worked people weren't really mining them anyway, just exchanging computing power for premined coins.

Thank you for the reply. What about the other billions of XRP that have not been released yet? How will RippleLabs distribute them?

I don't know for sure but I would have to guess that they will end up selling them. They are not doing this for charity.

..There is a reason why they still own ~70% of the supply. (correct me if I am wrong, 30 billion are publicy traded, 70 billion are held by ripple labs)
1516110800
Hero Member
*
Offline Offline

Posts: 1516110800

View Profile Personal Message (Offline)

Ignore
1516110800
Reply with quote  #2

1516110800
Report to moderator
1516110800
Hero Member
*
Offline Offline

Posts: 1516110800

View Profile Personal Message (Offline)

Ignore
1516110800
Reply with quote  #2

1516110800
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516110800
Hero Member
*
Offline Offline

Posts: 1516110800

View Profile Personal Message (Offline)

Ignore
1516110800
Reply with quote  #2

1516110800
Report to moderator
1516110800
Hero Member
*
Offline Offline

Posts: 1516110800

View Profile Personal Message (Offline)

Ignore
1516110800
Reply with quote  #2

1516110800
Report to moderator
1516110800
Hero Member
*
Offline Offline

Posts: 1516110800

View Profile Personal Message (Offline)

Ignore
1516110800
Reply with quote  #2

1516110800
Report to moderator
hypostatization
Sr. Member
****
Offline Offline

Activity: 350


View Profile
November 30, 2014, 11:13:06 PM
 #22

You don't

You buy them on an exchange.. even when this worked people weren't really mining them anyway, just exchanging computing power for premined coins.

Thank you for the reply. What about the other billions of XRP that have not been released yet? How will RippleLabs distribute them?

I don't know for sure but I would have to guess that they will end up selling them. They are not doing this for charity.

..There is a reason why they still own ~70% of the supply. (correct me if I am wrong, 30 billion are publicy traded, 70 billion are held by ripple labs)

~30 billion are held outside of Ripple Labs. Sizable founder allocations exist which are controlled by lockup agreements. Latest distribution stats are available here.

xrptalk.org :: setup a wallet + trade all currencies :: gateway reviews @ coinist.co :: deposit to buy xrp @ snapswap [now supporting PayPal withdrawls + instant ACH transfer deposits]
CrossCoin Ventures startup accelerator - offering XRP funding up to $50,000 USD equivalent
CheekyChappy
Full Member
***
Offline Offline

Activity: 238


View Profile
November 30, 2014, 11:20:25 PM
 #23

Thank you newuser01 and hypostatization for the replies.

Ok, so if I have this understood correctly, 70B XRP are with the developers/investors and 30B XRP are with 'others'. And as it stands, the only way for anyone to have XRP added to their wallet is by purchasing them from someone who is selling them.

So they will not be 'giving' them away or 'donating' a sizeable chunk to XRP wallet holders?

Thank you for the clarification, most appreciated.


I know, I know... but the thing is I cannot help it because even though I am an absolute gentleman... I also happen to be a CheekyChappy after all:)
hypostatization
Sr. Member
****
Offline Offline

Activity: 350


View Profile
November 30, 2014, 11:35:17 PM
 #24

Thank you newuser01 and hypostatization for the replies.

Ok, so if I have this understood correctly, 70B XRP are with the developers/investors and 30B XRP are with 'others'. And as it stands, the only way for anyone to have XRP added to their wallet is by purchasing them from someone who is selling them.

So they will not be 'giving' them away or 'donating' a sizeable chunk to XRP wallet holders?

Thank you for the clarification, most appreciated.



I am uncertain if anyone from the group of early Ripple Labs investors overlaps with the founders. Ripple Labs holds the ~70 billion, and have a sizable and rapidly growing team (beyond just software engineers).

Ripple Labs had communicated they were using XRP forgivable loans to incent partners to join the network. Banks are not interested in holding XRP, as a general proposition. At the moment, I believe they have no immediate plans to distribute large sums of additional XRP.

XRP can be purchased on the market/from sellers, granted by the CrossCoin startup accelerator, or obtained through developer bounties. Giveaways are often sponsored by the community and services on the Ripple network. xrptalk.org just added a nice little basic micro-tipping feature.

Here is some perspective on the difficulty of mass distribution of XRP/STR.

xrptalk.org :: setup a wallet + trade all currencies :: gateway reviews @ coinist.co :: deposit to buy xrp @ snapswap [now supporting PayPal withdrawls + instant ACH transfer deposits]
CrossCoin Ventures startup accelerator - offering XRP funding up to $50,000 USD equivalent
CheekyChappy
Full Member
***
Offline Offline

Activity: 238


View Profile
November 30, 2014, 11:57:43 PM
 #25

@hypostatization

Will look at the links you provided and learn more about this.

Many thanks for the information Smiley

I know, I know... but the thing is I cannot help it because even though I am an absolute gentleman... I also happen to be a CheekyChappy after all:)
flipme
Hero Member
*****
Offline Offline

Activity: 547


View Profile
December 01, 2014, 10:10:33 AM
 #26

Microsoft still offers 150 € trial credit on their Azure platform.
It was my entry into cryptoland, mining Doge.

http://azure.microsoft.com/en-us/pricing/free-trial/

A peaceful place, or so it looks from space.
A closer look reveals the human race.
-John Barlow
Snail2
Legendary
*
Online Online

Activity: 1330



View Profile
December 01, 2014, 10:32:32 AM
 #27

Thank you for the reply. What about the other billions of XRP that have not been released yet? How will RippleLabs distribute them?

If you know the answer for your questions then you might going to be one of the richest ppl on the world one day Smiley.
Apart from the Ripple guys nobody knows the answer for your questions. Actually this is why XRP never been a great success here.
SuperDay
Full Member
***
Offline Offline

Activity: 154


View Profile
December 01, 2014, 03:08:28 PM
 #28

Microsoft still offers 150 € trial credit on their Azure platform.
It was my entry into cryptoland, mining Doge.

http://azure.microsoft.com/en-us/pricing/free-trial/
At presently which doge pool is the most profitable bro?. please share.
CheekyChappy
Full Member
***
Offline Offline

Activity: 238


View Profile
December 01, 2014, 05:44:50 PM
 #29

If you know the answer for your questions then you might going to be one of the richest ppl on the world one day Smiley.
Apart from the Ripple guys nobody knows the answer for your questions. Actually this is why XRP never been a great success here.

Hmmm... many thanks Smiley

Seems like a paradox for now but time will tell no doubt...

I know, I know... but the thing is I cannot help it because even though I am an absolute gentleman... I also happen to be a CheekyChappy after all:)
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!