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Category: Community
Forum: Teams
Thread: Ripple Labs |
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Thread Status: Active Total posts in this thread: 502
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nanoprobe
Master Cruncher Classified Joined: Aug 29, 2008 Post Count: 2998 Status: Offline Project Badges: 
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Also I had to cash out a large number of XRP to pay for the cluster, so I really haven't done nearly as well as I could have. But yes, the initial ratios were extremely generous. How and where did you do that?
In 1969 I took an oath to defend and protect the U S Constitution against all enemies, both foreign and Domestic. There was no expiration date.
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
The Ripple forums have piles of information on questions, such as "Trading Help": https://ripple.com/forum/viewforum.php?f=5&am...80d92e1e6f6708603b82a6618
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Movieman
Veteran Cruncher Joined: Sep 9, 2006 Post Count: 1042 Status: Offline |
Not sure about clever, brave maybe  It's worth bearing in mind that the USD/XRP was 6x lower than what it is now, so the risks at the time were higher. Also I had to cash out a large number of XRP to pay for the cluster, so I really haven't done nearly as well as I could have. But yes, the initial ratios were extremely generous. It's also worth considering that in a week's time the same thing could happen to the USD/XRP exchange rate, given the current Chinese demand. It's all a game, but a fun game. No-one on this forum has anything to lose from temporarily switching to the Ripple Labs team, so why not engage in a bit of CPU speculation :-) You could topple IBM too I'm happy for you and I mean that. Nice to see someone cover their costs while also getting the work done. My question though still remains unanswered: Pick a machine whose output we can all understand such as a 2600K based machine for example and if that machine was put on WCG drawing it's average 100% load of say 190W putting out say 40,000 WCG PPD what would it realise from joining this team in terms of payout? IE: Does the payout cover the electrical costs?  |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
A single cc2.8xlarge EC2 instance yields 123,582 WCG points a day
and costs $7.284/day at minimum spot instance price including 20% VAT The daily payout in XRP is a function of the amount of WCG points generated by the team as a whole and the amount Ripple Labs has decided to distribute for that day. You can't pay for electricity or EC2 instance with XRP, so you have to convert to USD. The amount you'll receive is a function of the exchange rate at the time of sale, the exchange fees and charges for transferring USD to your native currency. So you see, I can't give a straight answer to your question. It's a speculative game. There was a point yesterday when the exchange rate was 10XRP=1USD, if that motivates you :-) |
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Movieman
Veteran Cruncher Joined: Sep 9, 2006 Post Count: 1042 Status: Offline |
A single cc2.8xlarge EC2 instance yields 123,582 WCG points a day and costs $7.284/day at minimum spot instance price including 20% VAT The daily payout in XRP is a function of the amount of WCG points generated by the team as a whole and the amount Ripple Labs has decided to distribute for that day. You can't pay for electricity or EC2 instance with XRP, so you have to convert to USD. The amount you'll receive is a function of the exchange rate at the time of sale, the exchange fees and charges for transferring USD to your native currency. So you see, I can't give a straight answer to your question. It's a speculative game. There was a point yesterday when the exchange rate was 10XRP=1USD, if that motivates you :-) Thank you for the information and I understand that you can't give exacts with so many variables but what you provided does provide enough to make informed decisions. |
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nanoprobe
Master Cruncher Classified Joined: Aug 29, 2008 Post Count: 2998 Status: Offline Project Badges:
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No XRP updates in 4 days. Wonder what's up.
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In 1969 I took an oath to defend and protect the U S Constitution against all enemies, both foreign and Domestic. There was no expiration date.
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Movieman
Veteran Cruncher Joined: Sep 9, 2006 Post Count: 1042 Status: Offline |
I see Grandpa_01 is looking at this thread..
----------------------------------------Some monster machines you have there sir.. Tell me your not running all those monsters from your home so I'll feel better! LOLOL Chime in and say hello at least! [Edit 2 times, last edit by Movieman at Dec 3, 2013 3:53:25 AM] |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
The XRP distributions covering the last four days completed not long ago. The announcement and details can be found at https://ripple.com/forum/viewtopic.php?f=18&t=4611
Ripple Labs said that "Going forward, we will try our best to do daily disbursements. If we miss a day, though, we'll distribute that day's allocation in the next disbursement, like we're doing today." |
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nanoprobe
Master Cruncher Classified Joined: Aug 29, 2008 Post Count: 2998 Status: Offline Project Badges:
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The XRP distributions covering the last four days completed not long ago. The announcement and details can be found at https://ripple.com/forum/viewtopic.php?f=18&t=4611 Ripple Labs said that "Going forward, we will try our best to do daily disbursements. If we miss a day, though, we'll distribute that day's allocation in the next disbursement, like we're doing today." This is what my account shows as of 6:00 EST on your computing for good website. 3610 My Hours Contributed 0 My XRP Earned Here is the latest WCG stats. Ripple Labs 11/29/2013 (<-join date) 0:150:10:17:01(<--time) 773,128(<-points) 941 Still appears to not be working.
In 1969 I took an oath to defend and protect the U S Constitution against all enemies, both foreign and Domestic. There was no expiration date.
----------------------------------------[Edit 2 times, last edit by nanoprobe at Dec 3, 2013 2:07:16 PM] |
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ryan222h
Senior Cruncher Joined: Sep 4, 2006 Post Count: 425 Status: Offline |
Same here, no XRP earned however I just joined yesterday. Perhaps patience is needed. Hopefully someone's keeping track.
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