BitFence: TestNet or first 2 month of running proof-of-threat crypto mining
On July 1 2018 BitFence launched it’s TestNet including StingMiner software for Raspberry Pi and proof-of-threat mining pool and it’s time to announce the results!
First of all, we would like to express endless gratitude to everyone who despite the early stage of software was brave enough to try it! You and only you made this TestNet a huge success!!!
As of today we are getting 150,000–200,000 validated threat submissions a day, with a total count of submissions in millions!

Current StingMiner software version 0.2 contains multiple bugfixes and proved to be very stable. We are getting ready 0.3 version which will further address issues reported by the community and will contain many improvements.
What is proof-of-threat?
Proof-of-threat is unique concept and algorithm for a crypto mining developed by BitFence, that rewards miners for running a StingMiner, a RaspberryPI based micro computer that detects malicious hacker activity in a network and reports it to BitFence.
A “share” in a BitFence mining pool is a malicious hacker attack reported by StingMiner.
Mining pool uses AI engine to correlate submitted threats from multiple sources and assign a value (risk score) to it. Miner which submitted corresponding “share” is rewarded in HNY tokens.
How we use intelligence submitted by StingMiners?
All miner submissions fed to AI engine which uses probabilistic trainable classifiers to create “model” of a threat. There is no sense in storing threat fingerprints, since they can change so quickly and loose their value. Instead we train our artificial cyber-brain to become smarter and faster in recognizing cyber attacks it never seen before.
Intelligence in the form of threat feeds, risk assessments and dashboards derived from trained on threats cyber-brain and is offered to customers as a service, presenting a business model that can be called Intelligence As A Service.
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Thank you and stay tuned for updates!
