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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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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
242 XRP from 1 day on 1 machine! not bad... @ Mamajuana Just looking from the sidelines, can you satisfy my curiosity? Your 1 machine returned 30DaysRT/80,076Pts/101Res yesterday and that equates to 242XRP? And when you workout the exchange mechanusm, what does 242XRP equal in GBP? The exchange rate appears to vary wildley, so would not like to predict what XRP's would be worth at any given point. The link provided by twilyth list many currencies. I chose GBP and looked at the details by clicking on the GBP:Bitstamp link. This shows how the value currently is unpredictable even unstable at this stage in it's life... I'll be watching for some stability... |
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jonnieb-uk
Ace Cruncher England Joined: Nov 30, 2011 Post Count: 6105 Status: Offline Project Badges: 
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Tks Falconet
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
Right now, 242 XRP are worth £0.69. It has been pretty low for a while. Many thanks Falconet...You are better off trading XRP for USD or EUR or even BTC: How many XRP's would I get per day if I turned all my farm over to the Ripple account? I know, how many cores do I have? Never really added them all up! Plus I have some sitting idle at the moment... May be I'll count them up, what do you guys think? |
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twilyth
Master Cruncher US Joined: Mar 30, 2007 Post Count: 2128 Status: Offline Project Badges: 
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Mamajuana: Actually XRP's are pretty stable lately if you look at a chart denominated in BTC or USD.
----------------------------------------The reason that chart looks so dodgy is because there don't seem to be a lot of trades going from XRP to Sterling. Whenever you have a relatively illiquid market, as that particular one seems to be, you get aberrations like that. When the market is liquid, things appear a lot more stable as you can see here for the XRP-USD exchange rate. What you'll probably need to do is exchange XRPs for BTCs and then convert those to Sterling. It's unfortunate that you need to go through the extra step, but until XRPs are more widely used, converting them to bitcoins or some other globally common currency is probably the best way to go for now.   [Edit 1 times, last edit by twilyth at Jan 30, 2014 7:46:34 PM] |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
Mamajuana: Actually XRP's are pretty stable lately if you look at a chart denominated in BTC or USD. Yes, I see, thanks again twilyth, changing to BTC then GB£ looks like the best way to go, shame about the exchange costs/commission!The reason that chart looks so dodgy is because there don't seem to be a lot of trades going from XRP to Sterling. Whenever you have a relatively illiquid market, as that particular one seems to be, you get aberrations like that. When the market is liquid, things appear a lot more stable as you can see here for the XRP-USD exchange rate. What you'll probably need to do is exchange XRPs for BTCs and then convert those to Sterling. It's unfortunate that you need to go through the extra step, but until XRPs are more widely used, converting them to bitcoins or some other globally common currency is probably the best way to go for now. Still shall not be changing any just yet... I'll keep an eye on it. |
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Falconet
Master Cruncher Portugal Joined: Mar 9, 2009 Post Count: 3265 Status: Offline Project Badges:
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I used Justcoin. I sent BTC from Ripple, then I converted to EUR in the website (converted 23 EUR but only received 18 because of a 5 EUR fee for the bank transfer), I went throught their verification process (utility bill and such) and then I sent the money to my bank account using my IBAN.
----------------------------------------It's easy  AMD Ryzen 5 1600AF 4C/8T 3.2 GHz - 85W AMD Ryzen 5 2500U 4C/8T 2.0 GHz - 28W Intel Z3740 4C/4T 1.8 GHz - 6W |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
Thanks Falconet, is that a fixed 5 EUR fee per transaction?
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Falconet
Master Cruncher Portugal Joined: Mar 9, 2009 Post Count: 3265 Status: Offline Project Badges:
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Yeah, they say the 5 EUR are to cover their banking costs.
----------------------------------------But it only for withdrawing money to a bank account. When trading, I think they have a 0.5% fee. AMD Ryzen 5 1600AF 4C/8T 3.2 GHz - 85W AMD Ryzen 5 2500U 4C/8T 2.0 GHz - 28W Intel Z3740 4C/4T 1.8 GHz - 6W [Edit 1 times, last edit by Falconet at Jan 30, 2014 10:15:33 PM] |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
so the larger the transaction, the better value then? works for me...
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
Hello Everyone, I am new to this. I followed the instruction on computingforgood.org and have a ripple wallet. When I checked my stat at computingforgood.org, it shows there is couple of payout to my account. But I do not see any update in my ripple wallet. is there a time period that I have to wait? Thanks?
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