[eluser]m4rw3r[/eluser]
If you don't need the strong security encryption has, you can use an obfuscator. An obfuscator often removes newlines (and sometimes unneded whitespace) from the code, renames functions and variables to something random and of course removes comments.
The disadvantage with this is that your code is still pure PHP, the instructions are still the same, so anyone can with some effort reverse-engineer your code(or use your methods if they don't need to know the innards of them).
The advantage is that anyone can run them on their servers without the need to install any modules other than those needed, and it easily (depending on how determined they are to "break" the obfuscation) scares people off when they look at the source

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