How halving has affected BTC mining and how Architex is preparing to maximize mining rewards:
Halving has always been a bullish catalyst for crypto since its early days. This event reduces the sell pressure of BTC by decreasing block rewards every four years. The interesting point about the current halving is that we have Ordinals, BRC20, and Runes users who spend a ton of fees on the network to confirm their transactions. This has resulted in a significant reward increase, which somewhat offsets the reward reduction from halving. As a result, BTC miners will still be profitable, especially the big miners in the space.
The difficulty of the network will also decrease as small miners leave the network due to unprofitability and tougher competition. This will create opportunities for big miners like Architex to take advantage of the lower network difficulty and earn more rewards.
To adapt to the post-halving environment and maximize our operation's energy efficiency and revenue, we have preordered new S21 and M60S miners. We are essentially prepared for this phase of BTC mining as we had plans in place prior to the halving. Stay with us as we develop our mining layer across the biggest networks. 🫡🧡
Excited to announce that we're expanding our TAO mining operation by initiating tests across various Bittensor subnets.
While maintaining our mining activity on Subnet 18, we're exploring other subnets to stabilise TAO rewards and maximise mining rewards for the Architex community.
Scaling the TAO mining operation not only increases protocol gains but also ensures stability, which will be benefiting the $ARCX stakers.
Everything you need to know about TAO pool and its positive effect on Architex:
TAO pool is, in fact, the reward pool of $TAO tokens sourced from Architex's TAO mining operation. The TAO mining rewards will be distributed in $wTAO, similar to our BTC mining rewards, which are in $WBTC.
The TAO pool will boost the current APY for our staking pools, so the demand for staking will increase due to higher APYs which can attract more holders to stake their $ARCX and locking a higher percentage of the supply. Architex community will benefit from this behaviour which has been our main goal, by developing the TAO pool.
In summary, here's what you can expect after the addition of the TAO pool:
- Increased Revenue
- Higher APY
- $TAO Rewards
Revenue generation through mining and the APY of this operation play key roles in our protocol's mechanism, so by targeting and enhancing these factors, we're advancing the fundamentals of the protocol.
What is Subnet 18 and why did Architex target it as its first TAO mining subnet?
Subnet 18 (Corcel) is one of Bittensor's flagship subnets, serving as the ChatGPT of the Bittensor network. This subnet works with OpenAI, Gemini, and Anthropic APIs to provide information, answer questions, and assist users in various tasks, leveraging Bittensor's decentralized network. In simple terms, it's a decentralized AI assistant with an extremely low probability of failure.
It is the largest subnet on TAO, receiving a lot of transmissions from the network, thus this subnet has a minimal chance of being delisted, which was one of our main reasons for choosing this subnet to launch our operation.
Why Subnet 18?
• Attractive mining rewards
• Low risk of subnet delisting
• Large subnet with strong competition for the TAO pool
By targeting this subnet, we ensure the safety of our mining efforts, avoiding the weaker subnets. Instead, we are active on Subnet 18, one of TAO's leading subnets, maximizing our $TAO mining rewards for the $ARCX holders.
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