[XC] Oj101
06-20-2011, 11:38 PM
Last night I heard about another project for making money using your graphics card called Compute4Cash (http://www.compute4cash.com). There is the same advantage to ATI cards whereby a GTX480 will do around 0.36WU per hour, a 5870 will do 1.15WU per hour and a 5970 will do about 1.83WU per hour (http://www.compute4cash.com/index.php?perf). "They" prefer to pay out using PayPal but will also do BTC or Liberty Reserve. Sounds good, right? HOWEVER:
The service had been first operating without disclosing any relationship to Bitcoin. One of the first inquiries into the organization on February 13, 2011, yielded a response that revealed only that Compute 4 Cash was part of a distributed computing project for the financial sector[2].
The compensation received by the users has been calculated to be significantly less than that enjoyed by those mining using one of the public pool operators.
As of Mar 29, 2011, the Compute4Cash payout is $0.089/WU. A Radeon 5870 is estimated to compute 1.150 WU/hr, for an estimated payout of $2.46/day. The expected generation output, at 313000 Khps, given current difficulty of 68978.89245792 , is 4.56406694721 BTC per day. At the current market rate of $.78/bitcoin, the value of the daily output is actually worth $3.56/day, which is a whopping 45% more than Compute4Cash pays out.
https://en.bitcoin.it/wiki/Compute_4_Cash
Ha, nice try! Fortunately our readers are smarter than that — they don’t need an intermediary and instead mine either in a pool or they mine for themselves.
For several days the hunt was on to figure out what in the world this Compute4Cash.com software was doing where you could earn money from your GPU:
Compute4Cash client is actually a wrapper around a Bitcoin miner called poclbm (Python and OpenCL).
http://www.bitcoinminer.com/post/3347178364/compute4cash-geeks3d-article
Basically we have some bright spark (yes, I wish I'd thought of this :p: ) who's essentially reselling BitCoin :rofl: Your GPU does the BitCoin work and he pays you a fraction of the income, keeping the rest for himself. Don't do it!
The service had been first operating without disclosing any relationship to Bitcoin. One of the first inquiries into the organization on February 13, 2011, yielded a response that revealed only that Compute 4 Cash was part of a distributed computing project for the financial sector[2].
The compensation received by the users has been calculated to be significantly less than that enjoyed by those mining using one of the public pool operators.
As of Mar 29, 2011, the Compute4Cash payout is $0.089/WU. A Radeon 5870 is estimated to compute 1.150 WU/hr, for an estimated payout of $2.46/day. The expected generation output, at 313000 Khps, given current difficulty of 68978.89245792 , is 4.56406694721 BTC per day. At the current market rate of $.78/bitcoin, the value of the daily output is actually worth $3.56/day, which is a whopping 45% more than Compute4Cash pays out.
https://en.bitcoin.it/wiki/Compute_4_Cash
Ha, nice try! Fortunately our readers are smarter than that — they don’t need an intermediary and instead mine either in a pool or they mine for themselves.
For several days the hunt was on to figure out what in the world this Compute4Cash.com software was doing where you could earn money from your GPU:
Compute4Cash client is actually a wrapper around a Bitcoin miner called poclbm (Python and OpenCL).
http://www.bitcoinminer.com/post/3347178364/compute4cash-geeks3d-article
Basically we have some bright spark (yes, I wish I'd thought of this :p: ) who's essentially reselling BitCoin :rofl: Your GPU does the BitCoin work and he pays you a fraction of the income, keeping the rest for himself. Don't do it!