Mine XRP Ripple for free on DigitalOcean ($10 Free Credit)

[newuser01]

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)

[hypostatization]

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.

[CheekyChappy]

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.

[hypostatization]

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.

[CheekyChappy]

@hypostatization

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

Many thanks for the information

[flipme]

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/

[Snail2]

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 .
Apart from the Ripple guys nobody knows the answer for your questions. Actually this is why XRP never been a great success here.

[SuperDay]

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]

If you know the answer for your questions then you might going to be one of the richest ppl on the world one day .
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

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