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If they hired a contractor to work on this, the $3500 prize would get them 1-2 days work. At the same time, I can easily see someone interesting in this area in
by version_five 5y ago
If they hired a contractor to work on this, the $3500 prize would get them 1-2 days work. At the same time, I can easily see someone interesting in this area investing time in it for the challenge. Doing a hackathon as a source of income is probably not too common.
- shoo 5y agoSeems like a hackathon. s/hack/work/ . Compared to the $1m netflix prize from 2006, $3.5k seems like a meagre bounty. There may be the case where someone has already been thinking hard about solving similar problems for the last couple of years, and this challenge falls fairly easily into a framework they've already got in place, so it is relatively quick and easy to crank the handle to generate a challenge submission (or a paper or whatever).