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A comment on My run-in with unauthorised Litecoin mining on AWS. Parent comment

Re:My run-in with unauthorised Litecoin mining on AWS by gigq on Sunday December 15, 2013 @08:42PM (#6912177)
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://ripple.com/forum/viewtopic.php?f=18&t=4382

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Re:My run-in with unauthorised Litecoin mining on AWS by jnbiche on Sunday December 15, 2013 @08:58PM (#6912247)
Uh, 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.

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Re:My run-in with unauthorised Litecoin mining on AWS by SectioAurea on Monday December 16, 2013 @07:40PM (#6918952)
Premined strategies like Ripple chose certainly aren't the road to success.
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