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When a client finds a key that correctly deciphers the first few bytes
of the message (the first part of the message is known to be the text
"The unknown message is:"), and the block is submitted, the keyserver
network sends an alert to the distributed.net origanizers.
Using separate software we attempt to decrypt the entire message.
If successful RSA is notified. After RSA verifies that the correct key has indeed been found press releases are issued by us and RSA and the check for the prize amount ($10,000 U.S.) is mailed to distributed.net.
distributed.net then distributes the money as described earlier.
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distributed.net Faq-O-Matic : 
What happens when the key is found?