7AM Pacific tomorrow. $TAO. Alphas. 🌊 | JosephJacks_ on Binance Square

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7AM Pacific tomorrow. $TAO. Alphas. 🌊

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Some remarkable stats on the ridiculously differentiated capital efficiency of Bittensor Subnet 14: @TAOHash ⛓️👇🏼🔥 These top 10 publicly traded Bitcoin mining co’s employ ~ 2,000 people, hold $3 billion of debt, spend $2 billion every year and trade at an aggregate val of $20 billion — generating 280~ EH/s. Meanwhile, TAO Hash is 2 weeks old, employs ZERO people with ZERO debt and has permissionlessly incentivized the decentralization of nearly 2% of this 1/3rd of the entire Bitcoin hashrate… and currently trades at a $50 million ~ valuation.

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Decentralize Bitcoin. Save the world. @TAOHash.

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Bittensor is a continuously live (in production, extrinsically incentivized, permissionless) reinforcement learning neural network of neural networks for arbitrarily complex computations.

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Our 1st year goal for @TAOHash is to decentralize ~ 1 ronnahash. That’s ~ 3.3% of 1 years worth of Bitcoin’s entire hashrate. 1 ronnahash = 1000 yottahashes which = 1000 zettahashes which = 1000 exahashes. 30 ronnahashes = ~$14 billion of infra / electricity / ASICs at current costs and rates. So, starting with a reasonable target of $460M~ of hashrate. 🫱🏻‍🫲🏼⛓️

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🗞️ 📰 Since launching alpha swaps on http://TAO.app (@taoapp_) just 2 weeks ago, we are fast approaching > 5% of total volume. Around $2 billion ~ of $TAO flows across all subnets every 2 weeks. Many exciting features and services enhancing UX coming up.📊 🔥

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