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JosephJacks_
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Bitcoin
: digital money.
Ethereum
: programmable money.
Bittensor: programmable capitalism.
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JosephJacks_
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Today is 16 years and 135 days after the Bitcoin genesis block —- the current hashrate is 850~ exahashes per second … sustaining this level of hashrate produces all the block rewards at the current 5th halving cycle, or 144 blocks per day. There are 3.125 $BTC in each block. That’s 450 $BTC / day, or $46 million / day in rewards... or $17 billion annually. Bittensor subnet 14 (@TAOHash) has incentivized the decentralization of hashrate and disaggregated nearly 5 EH/s … representing > .5% of total Bitcoin hashrate, or close to $100M / year … in 11 days from zero. This is a monumental achievement and example of the power of Bittensor incentives for decentralizing and accelerating the production of continuously improving digital commodities. 🔥
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Just crossed 4 EH/s on @TAOHash … Gm. 🌞
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Realtime (in sync with 12 second block time of Bittensor subtensor) streaming of OLHC coming to http://TAO.app .. will ship tomorrow. 🚢 🫱🏻🫲🏼
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Late night http://TAO.app ship.. columns in subnets explorer are now draggable. ✨✨✨🚢
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So @TAOHash (Bittensor subnet 14) is already in the top 20 Bitcoin mining pools in the world... in 10 days from zero. Decentralization of hashrate is the next natural evolution of Bitcoin... and will amplify its security and utility by > 100X.
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