How long does it take to mine XRP?

It’s therefore a logical question to ask how one can go about mining Ripple; unfortunately for aspiring miners, there’s a simple answer: It’s impossible . Still, as you’ll see below, that doesn’t mean that there’s no way to potentially profit from the rising popularity of Ripple.

In a basic sense, one can mine other cryptocurrencies like Bitcoin and Ethereum, and after that, through the use of a currency exchange platform , be able to exchange the mined cryptocurrency for Ripple (XRP). This is one of the closest methods to actually mining Ripple (XRP).

Ripple planned to release a maximum of 1 billion XRP tokens each month as governed by an in-built smart contract; the current circulation is over 50 billion . Any unused portion of the XRP in a particular month will be shifted back to an escrow account.

Unlike Bitcoin’s proof-of-work mining, the XRP Ledger processes transactions every 3-5 seconds or whenever independent validator nodes come to a consensus on the XRP transactions’ order and validity.