Ripple XRP mining with purpose | Bitcointalksearch.org

k_d

newbie

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I agree with Alicea

Quote from: Sukrim on October 12, 2014, 04:13:11 AM

It is more a way of mirroring your BOINC stats into Ripple while hoping that someone might want to donate money by paying for these (essentially useless) points.

Show me why are you hoping that someone might want to donate money by paying for ABC2, AID, ARCH, AU, BSTY, BTLS, BTQ, BURST, CANN, CCI, CESC, CHILD, CKC, CRACK, CRTV, CRW, CUM, DARKB, DCN, DD, DGR, DOGE and so on... the rest of the coins (the list has been taken from c-cex alphabetically).

We have (or had) about 500 different cryptocoins. Show me those, which are not "useless points". RSC is as "useless" as most other cryptos are.

There's no difference.

Well, there is one: being useful for practical things and real life. Here: the medical research. I've found only a few coins that are useful for real projects.

alicea

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Quote from: Sukrim on October 12, 2014, 07:22:41 AM

The computations are useful, the points are useless (beyond bragging rights). Once you buy RSC (instead of generating them) there's nothing you can get for them unless you sell them again. As you said yourself, there are no market makers, because the market itself is more of a donation platform: You can sponsor/subsidize computations by making it more profitable for people doing so.

Yes, something like this at the moment. It's exactly like eating and dressing up. Eating and dressing is not profitable, but it saves you from starving and getting frozen

I'm talking about the market, because it would be good to have it in order to make useful things more profitable. Otherwise we'll starve and get frozen. Simple.

Sukrim

legendary

Activity: 2618

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The computations are useful, the points are useless (beyond bragging rights). Once you buy RSC (instead of generating them) there's nothing you can get for them unless you sell them again. As you said yourself, there are no market makers, because the market itself is more of a donation platform: You can sponsor/subsidize computations by making it more profitable for people doing so.

alicea

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Quote from: Sukrim on October 12, 2014, 04:13:11 AM

Rippletrade also allows to "convert" (which makes an effort to find the best rates currently available).

This "convert" is an option to sell without the visible price - one must make an effort guessing what to put in the "receive" box.
Now I've found the market on rippletrade... the RSC/XRP pair was hidden, I had to enter "RSC/XRP" manually and then it appeared

Quote from: Sukrim on October 12, 2014, 04:13:11 AM

You might want to read up on RSC first, before you start "mining" it and expecting any kind or ROI. It is more a way of mirroring your BOINC stats into Ripple while hoping that someone might want to donate money by paying for these (essentially useless) points.

Well, I've been using boinc from time to time before and I've started using RSC because I like the idea that somebody is paying for the useful computing power. This was good for me, that in August my netbook earned RSC worth something about 2mBTC in a few days. I was holding that profit in XRP until last week when Poloniex has added XRP to normal trade, then exchanged it to BTC on last week's pump and decided to put my bigger machine into this business. After it I've seen that my powerful computer earns some satoshis per day only. And this sucks.

Quote from: Sukrim on October 12, 2014, 04:13:11 AM

(essentially useless) points.

I think that useful computing like fighting AIDS or cancer is useful. But if you think that this idea is useless - let's make at last something useful in cryptoworld... Highly speculative p'n'ds are really boring, and the ideas of RSC, CureCoin or Gridcoin are useful and interesting.

Sukrim

legendary

Activity: 2618

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Rippletrade also allows to "convert" (which makes an effort to find the best rates currently available).

You might want to read up on RSC first, before you start "mining" it and expecting any kind or ROI. It is more a way of mirroring your BOINC stats into Ripple while hoping that someone might want to donate money by paying for these (essentially useless) points.

If you already own RSC, you can also just type in a BTC address in Rippletrade, it should automatically use the Bitcoin bridge operated by SnapSwap and let you pay with whatever currency has a path towards BTC.SnapSwap (RSC amongst others).

alicea

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Quote from: Sukrim on October 11, 2014, 03:52:29 PM

Quote from: alicea on October 11, 2014, 03:19:11 PM

Quote from: Sukrim on October 11, 2014, 11:27:50 AM

Ripple IS a marketplace, the website only provides a client (e.g. rippletrade.com) to access it.

Is it? Could you please link me the RSC/XRP (or RSC/anything) market specifically? Market - I mean the list of buy and sell orders, and the exchange rate graph possibly. I've been looking for it on rippletrade.com and via google since ages.

http://www.ripplecharts.com/#/markets/XRP/RSC:rLTSuhKSNaWvGHyRcnTSjms3iFew345SdG

Thank you very much!

Yeah, Ripples go opposite way again, like they do at Kraken :/ Anyway... how to place a sell order there? rippletrade.com allows to "exchange" only, I suppose that means "sell to the best buy order", but look at spread at your linked site! Bid price is 1 XRP = 409 but ask price is 1 XRP = 16393 RSC (readers of this post should realise that it's opposite way here: if you want to sell your RSC better, you wait for worse price)! Where are "the spreaders"

??

Is there a possibility to transfer RSC anywhere and exchange it? The perfect solution would be a typical exchange to BTC.

Sukrim

legendary

Activity: 2618

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Quote from: alicea on October 11, 2014, 03:19:11 PM

Quote from: Sukrim on October 11, 2014, 11:27:50 AM

Ripple IS a marketplace, the website only provides a client (e.g. rippletrade.com) to access it.

Is it? Could you please link me the RSC/XRP (or RSC/anything) market specifically? Market - I mean the list of buy and sell orders, and the exchange rate graph possibly. I've been looking for it on rippletrade.com and via google since ages.

http://www.ripplecharts.com/#/markets/XRP/RSC:rLTSuhKSNaWvGHyRcnTSjms3iFew345SdG

Quote from: johncarpe64 on October 11, 2014, 03:20:45 PM

i thought they closed the mining giveaway?

Ripple Labs did, RSC is a private initiative.

johncarpe64

sr. member

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i thought they closed the mining giveaway?

alicea

hero member

Activity: 1050

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Quote from: Sukrim on October 11, 2014, 11:27:50 AM

Ripple IS a marketplace, the website only provides a client (e.g. rippletrade.com) to access it.

Is it? Could you please link me the RSC/XRP (or RSC/anything) market specifically? Market - I mean the list of buy and sell orders, and the exchange rate graph possibly. I've been looking for it on rippletrade.com and via google since ages.

Sukrim

legendary

Activity: 2618

Merit: 1007

Ripple IS a marketplace, the website only provides a client (e.g. rippletrade.com) to access it.

alicea

hero member

Activity: 1050

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Quote from: researchsupportcoin on April 22, 2014, 05:25:45 AM

Quote

Yep, and I can confirm that I get more RSC from them than XRP from the Ripple team. Also, you can trade or convert RSCs for XRPs and vice versa at or near par.

Thank you for the positive feedback.
I have to note that we can't guarantee the RSC/XRP exchange ratio though. The price is given only by the actual offers on the market.

Where is the market? I can't find one Sad

It would be useful to trade them anywhere else than the ripples website...

researchsupportcoin

member

Activity: 63

Merit: 10

Quote

Yep, and I can confirm that I get more RSC from them than XRP from the Ripple team. Also, you can trade or convert RSCs for XRPs and vice versa at or near par.

Thank you for the positive feedback.
I have to note that we can't guarantee the RSC/XRP exchange ratio though. The price is given only by the actual offers on the market.
However, we believe that the RSC price has the potential to increase, since the RSC payouts per WCG point are gradually decreasing according to the distribution formula:

Quote

For every WCG point earned, each day we will give members of the Research Support Coin team 0.01 RSC multiplied by % of the RSCs still available for distribution.

Examples:

At the beginning of the giveaway, 100% of RSCs is available. On the first day, the payout rate will thus be
1 WCG point = 0.01 x 100% = 0.01 RSC.

After 50% (600,000,000) of the RSCs is given away, 50% is still available and the payout rate for the next day will be 1 WCG point = 0.01 x 50% = 0.005 RSC.

After 86% (1,032,000,000) of the RSCs is given away, 14% is still available and the payout rate for the next day will be 1 WCG point = 0.01 x 14% = 0.0014 RSC.

Nxtblg

legendary

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Quote from: researchsupportcoin on April 21, 2014, 03:08:45 PM

Just a quick update: The Computing for Good is shutting down: https://ripple.com/forum/viewtopic.php?f=18&t=6343&sid=ce127688dbb4b9dfb7502f0b6fa93c99
That's why we've started something similar if you're interested: https://bitcointalksearch.org/topic/annrsc-research-support-coin-rsc-mining-with-purpose-566608

Yep, and I can confirm that I get more RSC from them than XRP from the Ripple team. Also, you can trade or convert RSCs for XRPs and vice versa at or near par.

researchsupportcoin

member

Activity: 63

Merit: 10

Just a quick update: The Computing for Good is shutting down: https://ripple.com/forum/viewtopic.php?f=18&t=6343&sid=ce127688dbb4b9dfb7502f0b6fa93c99
That's why we've started something similar if you're interested: https://bitcointalksearch.org/topic/annrsc-research-support-coin-rsc-mining-with-purpose-566608

dsW00

newbie

Activity: 17

Merit: 0

Hey there, just an update for anyone who is interested. I actually received XRP into my Ripple account a few days after putting some CPU power into http://www.computingforgood.org. To clarify, I had not 'activated' the Ripple account by transferring in some XRP - the first XRP I received came directly from Computing for Good.

I only tested it for half a day to see if it worked, but my stats are 13 hrs = 20 XRP. A good way of generating a little XRP and getting your account up and running

rLTZGhkymiWBMEn5e7mJKws1gSL1Xpk5Y9

dsW00

newbie

Activity: 17

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Ah ok, missed that... Thanks for the heads up

AmazonStuff

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Quote from: PirateButtercup on December 14, 2013, 06:49:16 AM

Quote from: dsW00 on December 14, 2013, 06:27:18 AM

Thanks for the info, looks interesting. I set up a Ripple account but still have no XRP in it, so will try this to start me off. It's running as I type!

Good to know my hashing power can help scientific projects as well as generating a little currency Cheesy

When I signed up my 2 spare computers I read in a forum that you won't be able to receive XRP from the World Community Grid unless you have the minimum amount (of XRPs) in Ripple needed to activate your account.

Until you do, the WCG *seems* to simply hold them for you.

Yes this was the case, users without activated account could not receive XRP from WCG Giveaway, I don't know did something changed...

Anyway, if this didn't change you can get initial 20-25XRP and activate your account by participating in one of XRPTalk Giveaways:

https://xrptalk.org/forum/28-giveaways/

After that you will be able to receive XRP from WCG Giveaway Cheesy

PirateButtercup

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Activity: 61

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Quote from: dsW00 on December 14, 2013, 06:27:18 AM

Thanks for the info, looks interesting. I set up a Ripple account but still have no XRP in it, so will try this to start me off. It's running as I type!

Good to know my hashing power can help scientific projects as well as generating a little currency Cheesy

When I signed up my 2 spare computers I read in a forum that you won't be able to receive XRP from the World Community Grid unless you have the minimum amount (of XRPs) in Ripple needed to activate your account.

Until you do, the WCG *seems* to simply hold them for you.

dsW00

newbie

Activity: 17

Merit: 0

Thanks for the info, looks interesting. I set up a Ripple account but still have no XRP in it, so will try this to start me off. It's running as I type!

Good to know my hashing power can help scientific projects as well as generating a little currency Cheesy

AmazonStuff

hero member

Activity: 628

Merit: 500

Ripple Labs is now official partner with the World Community Grid (WCG):

https://ripple.com/blog/world-community-grid-welcomes-ripple-labs-as-a-partner/

Do you know who WCG is? Remember SETI project... Basically this is the next step in evolution and CPU power is donated to research projects like analyzing aspects of the human genome, fighting HIV, dengue fever, muscular dystrophy, cancer, influenza, rice crop yields and clean energy.

If you are interested to join Ripple Labs team and to be the part of the next scientific breakthru, you can join here:

https://www.computingforgood.org/

Good thing is that you will earn XRP while doing something for the World.

All you need is a BOINC client and you connect all the machines you have, for example, desktop computers, laptops, tablets, mobile phones... etc and control them from the single web page. Every piece of technology you have in your home can mine Ripple XRP for you.

Cheers!

Topic: Ripple XRP mining with purpose (Read 4913 times)