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.