CPUcoin scam?

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Profile Petrctale

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Message 100753 - Posted: 15 Sep 2020, 18:29:28 UTC

I recently came across an article stating that they are dealing with David Andersen and have partnered with boinc to mine cpucoin to advance covid research. Saying it's using WCG Open Pandenic and Rosetta (no other projects) to earn coins. Seems to me there would have been some sorta announcement.
Is this true?
Any comments?
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Les Bayliss
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Message 100757 - Posted: 16 Sep 2020, 9:09:43 UTC - in response to Message 100753.  

Where was this article? (Link if possible.)
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Profile Dave

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Message 100758 - Posted: 16 Sep 2020, 10:03:52 UTC - in response to Message 100757.  

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Richard Haselgrove
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Message 100764 - Posted: 16 Sep 2020, 17:35:47 UTC - in response to Message 100758.  

this?
Well, I've had a look at 'this', and I'm not convinced.

1) It is TRUE that WCG and Rosetta are assisting in covid-19 research using the BOINC platform. They are doing this anyway, irrespective of any coin tie-in.

2) There has been no explicit endorsement of, or collaborative development with, CPUcoin by the BOINC community at large. [There may have been contact with David Anderson individually - his name is mentioned - but that's a different question].

3) The CPUcoin team seem to be willing to watch you run the specific named BOINC projects, and award you coin (no mention of how much). There's no mention of any technical link between BOINC and CPUcoin in the 'Security & Data Flow Document'.

Personally, I'd simply run BOINC as normal, and leave all the self-promotion out of it. But explore if you wish.
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Profile Dave

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Message 100767 - Posted: 16 Sep 2020, 19:40:49 UTC

this?

Well, I've had a look at 'this', and I'm not convinced.


I wasn't convinced either but it is all that came up on a quick search.
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Profile Jord
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Message 100768 - Posted: 16 Sep 2020, 21:57:26 UTC - in response to Message 100764.  

3) The CPUcoin team seem to be willing to watch you run the specific named BOINC projects, and award you coin (no mention of how much).
They have a FAQ that mentions you will double your payout to 2 CPU per 24 hours. Whatever that means.

I asked David how, what. Let's see what he answers.
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Profile Jord
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Message 100769 - Posted: 17 Sep 2020, 0:14:42 UTC

David Anderson wrote:
"Partenered" is perhaps too strong a word,
but I did talk with them about what they're doing.
So not a scam.
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Richard Haselgrove
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Message 100771 - Posted: 17 Sep 2020, 9:38:36 UTC - in response to Message 100769.  

David Anderson wrote:
I did talk with them ...
So not a scam.
The two are not mutually exclusive - the 'talk' doesn't sound like a full security audit.

The website - while full of impressive jargon - is actually rather short on practical, working, detail. [But with much better spelling and grammar than most scams]

I'd assume that, since you have to download a 'miner' app, some of your CPU power will be diverted in their direction.
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Message boards : The Lounge : CPUcoin scam?

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