Here’s our founder @KibibyteMe on the origins, motivation, design, milestones and roadmap of Bittensor Subnet 14: the category-defining network for decentralized, permissionless and incentivized PoW mining / hashrate production. ⛓️💥⚡️🌊
Attention TAOHashers!
We have made the first payouts to stakers via the Lightning Network!
Payouts were calculated using the percent-holding of your SN14 stake versus the circulating each time there was a block reward to the pool.
Additionally, we've split up the pre-TIDES @taoapp_ validator BTC balance among this first earnings wave based on the balances of each staker, so you should see an elevated balance versus the rewards that have come in post-TIDES.
If you don't see your payout check https://t.co/usXLc8eRZ3 to lookup your address. You may not be registered or your balance may be below the threshold ($5 or 0 sats after fees).
Remember that payments are net of estimate LN fees, so you may see less sats than expected. We currently process payouts via https://t.co/vPOPsbelvw so using their wallets or peers of them will make your fees lower (or 0).
If you're not yet registered do so here: https://t.co/usXLc8eRZ3
Happy TAOHash-ing!
Huge milestone. Subnet 14 on @bittensor has solo-mined a full block of $BCH (@thebitcoincash_) and we have recorded this on the Bitcoin Cash blockchain permanently. 👏🏼 https://t.co/kTRwvQbkrw
Attention TAOHashers! @thebitcoincash_ $BCH Mining is now live! We are running on our own pool, with TIDES as the payment mechanism. Pool fee is 1%. Alpha reward is the same. ⛓️🫱🏾🫲🏽
🪪 💳
We've expanded Wallet Support at https://t.co/oorMZAkCrG
📒 Ledger support:
You can now register your Lightning Address using Ledger, in addition to other popular wallet extensions like Talisman, Polkadot.js, and more.
📩 Manual Lightning Address Registration / Update:
For users who prefer the CLI, there’s a new option — “Register using BTCLI” — available on the site.
This lets you sign your Lightning Address directly from your terminal and submit the signed payload for verification.
Hello TAOHashers! 👋🏼
We've just deployed an update…
Staker Update 🥩
Stakers will now be able to register their lightning address for receiving their share of the pool revenue.
See: https://t.co/5vMpAt5Ysq to register.
Payouts are based on a snapshot of stake taken at the nearest block before each pool earning record.
We will be backdating previous entries as well.
Lightning fees will be deducted from the payouts made, so we recommend you use a provider that has a good route. ⚡️
Blink and Wallet of Satoshi are two good options.
Miner Update ⛏️
The pool window will now follow OCEAN's window. This will more accurately reflect the shares made by each miner.
We will continue to use this method until the hashrate marketplace is implemented.
Attention TAOHashers! 📣
We're working on an integration of $BCH!
By integrating new tokens we'll be able to hit blocks individually and more frequently, making payouts for miners quick, but also attracting the attention of more miners to join the pool. ⛓️💥
We're starting with @BitcoinCashOG as it's a fork of Bitcoin which makes our work easier. We'll use this time to design how we integrate another token which will help get them on the subnet sooner. 🫱🏻🫲🏼
A couple of TAOHash updates ⛏️:
- Miners can now see analytics of their earnings vs their TIDES window % and hashrate. Navigate to `miner > earnings`
- You can now download csv reports of:
- Block rewards, with verbose details of TIDES window (`blocks > block details`)
- Earnings, with full resolution (`miner > earnings`)
- Payouts, with full resolution (`miner > payouts`)
- You can now see the BTC payout transaction status directly from your payouts tab (whether the tx is confirmed or still awaiting to be included)
- Improved docker builds for validators so updates are propagated quickly.
TIDES Switchover 🌊
We are planning the switch to TIDES protocol tomorrow around 1 PM EST and will be adopting it as the rewards system.
Technical docs: https://t.co/q4qlEBPHXK
What’s new for miners ⚙️
Shares will start accumulating in the active TIDES window when the deployment goes through.
Your % of rewards is proportional to how many shares you have from the start of the window.
Earnings & reward tabs will be active and allow you to see data from the switchover.
Updated Rewards structure:
Fee: 0.5%,
Alpha rewards: 5%,
For validators ⚖️
A reminder to take the latest pull if you didn’t already the last time to be fully compatible with the migration.
Looking forward to a fairer & transparent mining pool for everyone!
📰 TIDES implementation Update: 🗞️
We’re testing TIDES and the window UI ahead of adopting it as the rewards system.
Technical documentation: https://t.co/q4qlEBPHXK
Current window start time: 11 September (UTC)
What’s new for miners ⛏️👷♀️
- Pool now shows the current TIDES window & block rewards (preview)
- Miner pages now show window contribution & % share (preview)
- New tabs on each miner profile: Balance, Earnings, Payouts for end-to-end tracking moving forward
Payouts during testing phase 💰
- We will continue using current FPPS until we switch to TIDES
- Shares in the current preview window will be reset at cutover
- A fresh, synchronized TIDES window will begin at the switch - keeping it fair for everyone
Switch-over plan 🎛️
- We'll be increasing Alpha incentives at the switchover
- Exact timing will be announced in advance
Next up on the roadmap 📜
- DATUM Prime implementation
- Decentralizing the pool payouts
For validators 👩⚖️
- Please pull the latest and redeploy your valis so the changes are active
Looking forward to a fairer & transparent mining pool for everyone!
T-Minus 76 days from our 1 year anniversary of founding @latentholdings ... It has been such a blast and pleasure building with my superstar partner @KibibyteMe ... Our small (11 people) but mighty team has shipped (very profitably while burning a modest amount of cash) .. all from zero ... @taohash, @taoapp_, dozens of releases of Bittensor toolchain, co-launched @traininghone, propelled @learnbittensor, transformed the developer docs for Bittensor, enabled many critical on-boarding services for the protocol, and so much more. We are truly just getting started and it feels like many years have gone by. We are likely to ship more in the next 76 days than we did in our first 289 days. So grateful for our incredible team: Maciej, Clement, Xavier, Yasmine, Ben, Abe, Michael, Dera, Roman. 💥💥💥
Fundamentals win. Hype fades. The path to making $TAO subnets mainstream starts with clarity.
Today we release the first of many features that set https://t.co/LhhkFf60XV as the missionary for Bittensor’s fundamentals 👉starting with new "About" tabs.
Every subnet, explained simply: the problem it solves, how it solves it, its incentive mechanism, benchmarks, team, and roadmap. Maintained by @learnbittensor and @latentholdings, the biggest contributors to @bittensor
Check it out: https://t.co/VC7YkaWwha
@Cryprobuddha421 Not a hack.
This is the sn14 pool address for hashrate.
These are example ads we are running to raise awareness in the biggest Bitcoin miner communities.