The circulating supply of TAO is approximately 8.38 million units.
It is a project that aims to create a decentralized network that connects machine learning models globally. This system allows developers, researchers, and companies to collaborate on the development and use of AI models in a secure and transparent manner. The TAO token is used to incentivize participants to contribute their computing resources, pay transaction fees, participate in network governance, and access machine learning services.
Mining the $TAO coin of the #bittensor #bittensor network is a unique process that differs from traditional mining. In this network, participants are rewarded for providing machine learning models and algorithms rather than using computing power to solve mathematical equations. Miners contribute their resources and expertise to the development and improvement of AI models, which enhances the capabilities of the network as a whole.
** How to mine $TAO coin
1. **Preparing the computing environment:**
- You need a powerful computer with a high-performance GPU, as you will be training and running machine learning models.
2. **Download and install the necessary software:**
- Download and install the software and tools required to participate in the Bittensor Network, such as appropriate deep learning packages and frameworks.
3. **Connect to the Bittensor Network:**
- Join the network by registering and configuring your node to be part of the decentralized system.
4. **Training and contributing models:**
- Start training machine learning models on available data, and share these models with the network. The higher quality and value of your contributions, the more rewards you will receive.
5. **Get rewards:**
- TAO rewards are awarded based on the network's assessment of the quality and effectiveness of the models you submit.
The #bittensor network produces new $TAO tokens every 12 seconds, at a rate of 7,200 tokens per day. These tokens are distributed evenly among the network's miners and validators. The total supply of TAO is capped at 21 million tokens, with the issuance rate halving once half of that supply is released.