More On Paid Distributed Computing
Nastard writes: "Theres a story over at C-Net News.com about making money with distributed processing. The article talks about several companies that are planning to launch per-per-idle projects this fall. Apparantly someone has finally caught on that there is money to be made in this. No surprise that one of the companies is headed up by SETI@Home founder David Anderson." I've always been a fan of distributed.net -- (Subliminal Message: Sign up for Team Slashdot!), but I do wonder with these pay schemes if the payment will actually be enough to cover the cost of electricity. Hurm.
[timothy butts in ...] Also, you may want to check this out. A semi-anonymous reader writes: "Distributed.net President David McNett recently did an interview here with the guys over at Geeknik.net. In the interview, he discusses his role with Distributed.net, future projects they are going to work on, and how he views competition between the various distributed computing organizations. Great read."
but I do wonder with these pay schemes if the payment will actually be enough to cover the cost of electricity. Hurm.
I quote the distributed.net FAQ:
- Michael Cohn
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Go ahead, blame me... I voted for Nader!
What the Slashdot story and the underlying CNet article don't mention is that nobody is actually getting paid yet. I got all excited when I read these stories, and I proceeded to visit every company site named in the CNet story. None of them are paying out yet, and none of them even have pay rates figured out. Save your time.
Going further, I did a search on Yahoo, and hit just about every company listed under Distributed Computing. None of them are paying out - they're just taking in money from investors.
The Slashdot story is only partly right - there is indeed money to be made from this idle-cycle scheme, but it isn't going to be made by folks like you and me. It's being made by the companies who are suckering investors into this. Of all the sites I went through, I counted a rough total of over sixty million bucks in funding that the companies had gotten from investors. And not one dime has been paid out yet....
What's your damage, Heather?