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An even smarter criminal would have "mined" the Ripple give away using EC2, there are still people paying for those instances as we speak so surely they would b
by gigq 13y ago
An even smarter criminal would have "mined" the Ripple give away using EC2, there are still people paying for those instances as we speak so surely they would be more profitable than litecoin mining (assuming you sell them right away).
https://www.computingforgood.org/ https://www.computingforgood.org/
https://ripple.com/forum/viewtopic.php?f=18&t=4382 https://ripple.com/forum/viewtopic.php?f=18&t=4382
- jnbiche 13y agoUh, nope. I "mined" Ripple through that little project for a couple of days (using the g2 instances) and got a couple of dollars worth of Ripple back for over $100 ec2 bill (460 hours of WCG runtime). I'll boinc on my desktop for science and goodwill but will not waste any more time on Ripple's program or indeed on Ripple itself, as brilliant as the idea is. Ripple's founders are hanging on to their 60%+ outstanding Ripples so tightly that I suspect the project will never truly get off the ground. As much as people criticize it, I think some variation of Bitcoin's seignorage mining is the only realistic way to bootstrap a successful virtual currency, at least at this point.
- SectioAurea 13y agoPremined strategies like Ripple chose certainly aren't the road to success.