What is the appeal?

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I do not mean this in a facetious manner, but what is the appeal of things like SETI and Folding@Home etc?

It is a genuine curiosity, and I'm sat here trying to figure it out, and to me it seems like an expensive hobby (Must use a lot of electricity!) with little reward?
 
Great explanation - that makes things a little clearer.

Have any of you worked out the energy consumption (and thus cost) between say your machines sitting idle vs. at 100% 24/7?
 
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