Base on what I've read, it looks like its getting hyped already. But to be fair its really a good concept here. How much HoneyNet do we need to run nodes?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap.
It only need to hit the softcap for the project to move forward. If I am an investor, I'd be sending my ETH before 4% bonus again will be deducted.
When they say they'd be releasing hardware solutions, what sorts of product are these?
Seems to be sale is going good. But just want to know that next stage will start after they reaching their 2000 ETH? If they will not reach their 2000 ETH goal then what next step will be taken?
It will probably continue or it will be extended depending on what the team wants. I think that they will just continue, because they have to move on, and hit the softcap.
It only need to hit the softcap for the project to move forward. If I am an investor, I'd be sending my ETH before 4% bonus again will be deducted.
When they say they'd be releasing hardware solutions, what sorts of product are these?
The hardware solution is the Stingminer, a raspberryPi, everything preset, you just have to plug it in.
This is the honey pot that hackers want to attract. If someone falls into the trap and attacks the Stingminer, he is immediately recognized as a hacker and automatically reported to the Bitfence network. Once recognized, he can no longer do any damage
You get paid for uptime as well as hacker 'fingerprints' as well, so should pay to have such a liteweight device
Of course, I forgot to mention that. the longer the stingminer is online, the higher the rewards
Unfortunately, you can only run one Stingminer per IP address (otherwise it would not make sense)
Well i think that's great with the per IP address thing, streamlining that will help with incessant or multiple mining per individual, i'm not conversant with the tech part but i feel like if that's not the case, the entire process will be like much on the bitfence machinery, hope i'm not mistaken though but that's just how i feel
Nice to hear about the one miner per IP address - this should prevent people from abusing the system with multiple nodes
I remembered I said something about this sometimes ago and I'm glad Bitfence took it serious cos we don't want an abuse to the system, we don't want a situation where one person gets the reward meant for 10 people
That is interesting at least now they are limiting the 51% attacks that can happen. I mean one entity influencing the rest of the network because of mining power.
I thought the 51% rule only apply to a takeover of network, so it's also used in cyber security as well, glad to see Bitfence is taking measures to avoid such from happening
