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Re:Show HN: Replace CAPTCHA with Proof-of-Work by falcolas on Wednesday June 25, 2014 @01:29PM (#7945463)
> They aren't paying for CPU time.

There's still an opportunity cost. Would they prefer to hit a service which limits their machines to a few thousand attempts per day, or a service which does not and lets them put through several million attempts per day?

> Even I don't pay for CPU load on my VPS.

Perhaps not, but it sets a hard limit on how much you can do in a given time period.

> That's really expensive because it's real money.

If they're stealing computer time via a botnet, they're probably not going to be paying Amazon Turk with their own credit card.

Re:Show HN: Replace CAPTCHA with Proof-of-Work by bitJericho on Wednesday June 25, 2014 @01:39PM (#7945517)
Good point. In a closed community, you could ask users to wait 60 seconds to register/login/etc, or they could pay 10 bucks a year for instant access all the time (plus perks since most people wouldn't care about the wait once in a while).

This could be used by those downloader sites that make users wait.