If your CPU usage is way up then its folding. However, it is an smp client so I have two instances running to use up all 4 cores. Each instance utilizes 2 cores. It does start folding right away. However, you need to enter the configuration page, to ensure that you enter your own username and team number.
I used the first Evga guide that zlojack linked to in the first post of this thread. That guide gives you the location of the log files that FaHMon and FahSpy uses. For one of my clients, the folder location is \\192.168.1.106\c\etc\folding\1\ . The first set of numbers is the IP address of the vmware client. If you look closely at the black vmware screen console, you can see the IP address that client is using. My second instance uses \\192.168.1.107\c\etc\folding\1\ (the first one is 106, the second 107...these will be different for your particular network setup).
Hope this helps!
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Fold for team #54196 
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