Compute4Cash: it's a trap or not?

[qu4k3r]

Many know the nonprofit project Folding @ Home, Seti @ Home, WGC, etc... which basically consist of creating a huge "farm "of computer performing complex calculations in a distributed manner for scientific research in various fields, using the power of our CPU / GPU with a background application.

Then there is a similar software called Compute4Cash, which works very similar but with completely different objectives.

Use your computer to generate some extra cash!
So you want to put your computer to work for you to make some extra cash, eh? Great! We can help you do just that. Compute4Cash will pay you for your video card's free cycles which we will use to perform massive computations. All you have to do is register, download the Compute4Cash client, make sure your video card drivers are up to date, and run the program. The more work your hardware does for us the more we will pay you - it is as simple as that!

How we measure the work you complete
We measure the work your hardware completes in 'Work Units' - a Work Unit (WU) is a fixed quantity of calculations that allows us to fairly compensate users based on how much work their hardware completes.

How you get paid
Compute4Cash will give you $0.10 $0.20* USD for each WU you complete. We will deposit these funds into any PayPal or Liberty Reserve account you specify. For a quick reference, a top of the line Radeon 5970 will do around 2 WU/hr, give or take 0.50 WU depending on its core clock speed. This equates to about $150 $300* a month per card if you compute 24x7! All you have to do is run our program in the background.

It's a trap or not?

PD: I didn't know where to post this, sorry if it's at wrong place.

[A Cheese Danish]

No idea. But there website could use some help.

Edit: Just found this:

Originally Posted by i.programmer.info

Update

Geeks3D has some information from Compute4Cash about what it claims to be computing. It is allegedly a hash with specific properties for the "financial sector" . The task is encrypted compression and you won't get into trouble for helping compute it. Of course there is no way to verify this and in general secrecy is going to be a feature of such GPU computation projects. After all if it is worth paying to have computed then you would want to keep it secret.

[theonedub]

I'm not even going to click the link

[garyinhere]

To good to be true kinda thing... plus why not use your comp to help people via wcg or folding isn't that worth the buck fifty a month?

*Promotional rate valid through Feb. 2011 so only .20 for feb then back to a dime

[animal007uk]

I've tryed it and everything seems ok but the prob is you need to do 50 work units before you can test to see if they will pay you funds.

I might do 50 units and see if they do pay but if not then we can say its a scam of some sort.

There program seems clean no popups of any sort, No moaning of viruses or anything and the program is also simple as in it only asks for the username you used to sign up with. As long as you use a name and pass you don't use on anything else then i can't see any problems with this atm.

[Bo$$]

looks interesting if it is real

[_JP_]

OH JOLLY, FREE CASH!
Nope. This atually raises a lot of flags, if you just visit the site. I mean, you need to give them a paypal account for them to pay you, you have to run a program made by them in your computer and the site is certified by GODADDY.COM (WTF?!).

[dank1983man420]

So if a gtx460 would pull in about 100 a month( a guess), would it be a good idea to switch 1 or 2 of them to this app to pay for the electric bill for my rigs? Everything else would still be folding/crunching and I probably would add another card for the hell of it. I guess I still have to wait and see if this is legit or not and make sure I'm not supporting mass spam attacks or something like that.

[garyinhere]

Originally Posted by animal007uk

I've tryed it and everything seems ok but the prob is you need to do 50 work units before you can test to see if they will pay you funds.

I might do 50 units and see if they do pay but if not then we can say its a scam of some sort.

There program seems clean no popups of any sort, No moaning of viruses or anything and the program is also simple as in it only asks for the username you used to sign up with. As long as you use a name and pass you don't use on anything else then i can't see any problems with this atm.

Do you even care what these wu's are doing? You could be helping some shady shit here and you don't know.

[Easy Rhino]

Originally Posted by garyinhere

Do you even care what these wu's are doing? You could be helping some shady shit here and you don't know.

who cares. get that money, yall!

[animal007uk]

Originally Posted by garyinhere

Do you even care what these wu's are doing? You could be helping some shady shit here and you don't know.

No i don't care and im also not afraid to try new things now and again.

steve007uk's Overview

Balance: 2.75 WUs
Value: $0.55 USD
Cashed Out: $0.00

[_JP_]

Yeah, those WU are sure are mysterious. And working trough port 80 could impact web browsing.

[Bo$$]

Originally Posted by garyinhere

Do you even care what these wu's are doing? You could be helping some shady shit here and you don't know.

if its for money its a good enough cause for me!

[Bo$$]

$600/year limit

[garyinhere]

Originally Posted by animal007uk

No i don't care and im also not afried to try new things now and again.

Awesome so you might be helping to further scientific research on trans gender sex change operations. Good job trying something new.

Does it not bother anyone that they do not disclose what work is being done on your computer?

[Easy Rhino]

Originally Posted by Bo$$

$600/year limit

so to get that you need a top of line card and need it doing whatever 24/7 ? screw that lol!

[animal007uk]

Originally Posted by Bo$$

$600/year limit

This is kinda why i tryed it out, It's not like there offering 1000's of doller a year.

Originally Posted by Easy Rhino

so to get that you need a top of line card and need it doing whatever 24/7 ? screw that lol!

My HD5750 seems to do pretty good, I'll do a test and post back how many work units an hour it does roughly, They do say a 5970 will do roughly $300 this month due to the promotion.

[Fourstaff]

Well, if it costs more to power your computer to do a WU than $0.20, you are basically subsidising them. Someone need to do a cost to profit analysis.

[Bo$$]

Originally Posted by animal007uk

This is kinda why i tryed it out, It's not like there offering 1000's of doller a year.

i know just wanted those lot who were too scared to enter the site to know

[theonedub]

Well, let us know if they end up draining your PP

[Bo$$]

Originally Posted by Fourstaff

Well, if it costs more to power your computer to do a WU than $0.20, you are basically subsidising them. Someone need to do a cost to profit analysis.

well for those who fold, it really sort of saves a little cash on a spare rig, but point is duely taken

[Easy Rhino]

Originally Posted by garyinhere

Awesome so you might be helping to further scientific research on trans gender sex change operations. Good job trying something new.

Does it not bother anyone that they do not disclose what work is being done on your computer?

they could be helping bin laden!!! probably just a bunch of wonks testing out some lame porn software or something. just as good as curing cancer

[animal007uk]

Originally Posted by theonedub

Well, let us know if they end up draining your PP

If you mean paypal i got no worries as i only setup an account to see if this works lol, No bank details associated with my paypal yet.

Seems you have to use your paypal email so they can send you cash.

http://img.techpowerup.org/110216/pie.jpg

[Bo$$]

Originally Posted by Easy Rhino

they could be helping bin laden!!! probably just a bunch of wonks testing out some lame porn software or something. just as good as curing cancer

loled hard

but seriously who would actually run this after it goes back down to 0.1/WU

[_JP_]

Originally Posted by Fourstaff

Well, if it costs more to power your computer to do a WU than $0.20, you are basically subsidising them. Someone need to do a cost to profit analysis.

It would depend on the price of electricity. But if a HD5970 can do, at best, 2.5WU/hr, then the rest of us would be making 2/3 or 1/3 of that. Now, using a HD 5970, two months it could have payed you for the card, but not the electricity you paid to run it.