Private server: Will this work?

I found this wilst searching on the net and id really like to implement it, will it still work with the latest BE etc?

Credits to derp9999 of ************* forum.

"Because I've occasionally looked around here and saw morons/trolls/whatever disabling Battleye and finding out hive extension crashes because of it I was motivated to write this tutorial.

Before I start I'd like to mention everyone who recommended disabling battleye on your server to cheat on it without punishment is dumb and you shouldn't listen to what they say..

What you should do, since the DayZ developers have made Hive_Ext dependent on Battleye being enabled is remove or rename scripts.txt in your arrowhead\cfgdayz\battleye\ folder or set all the 5's in that file to 1 so you aren't kicked.

Then download BIS' tools 2.5.1+ http://community.bistudio.com/wiki/BI_Tools_2.5 and install BinMake from the package, also download http://community.bistudio.com/wiki/DSCreateKey and put it in the same folder that the package gets installed in.

Once all that shits downloaded and installed create your own private key by doing the following:
open cmd, set your current directory to the folder where DSSignFile and DSCreatekey are in, DSSignFile is in the BinMake folder of where you installed the BI Tools 2.5.1+ and DSCreatekey should have been downloaded and moved into that folder by you earlier.
Do the following in cmd, replace all the relevant stuff with your own..
DSCreateKey YOURNAMEHERE

once you're done that, you can either A. make your own addon which is fairly easy if you have any sort of scripting knowledge(which I know most of you dont).
or B. download some stupid debug addon such as Lost Key or the ArmA2 Debug console(which is included in Lost key).

Sign it with DSSignFile by doing the following in cmd, replacing all the derpy stuff with your own stuff.
DSSignFile YOURNAMEHERE.biprivatekey youraddon.pbo


Now take the .bisign files you just made into your addon folder(Ex: @Derpaddon\AddOns\) along with the pbo file(s).

Then take the .bikey and put it into your servers Keys folder (Ex: Arma 2 operation arrowhead server\Keys\)

Restart the server with your signed mod loaded ON YOUR CLIENT NOT THE SERVER and you can do ANYTHING you want without any sort of risk."

Thanks for your help