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JosephJacks_
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AI is under hyped by 100x.
Bittensor is under hyped by 1,000x.
Gm.
#AI
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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JosephJacks_
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New milestone into the first 18 days of launching Subnet 14 on Bittensor: @taohash — Seven Bitcoin earned in the @taoapp_ validator for decentralizing many exahashes of hashrate. Pool wide and it may be multiples of this. 📈 Big positive updates to the protocol landing next week. ✨
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Bittensor’s current top subnet (@chutes_ai, 64) serves trillions of tokens/month with 0 employees, 0 VC raised, 0 debt. Meanwhile, two of the top-10 AI startup match that volume but burn billions on insane valuations, employ thousands, and remain catastrophically unprofitable.
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The means of production of Bitcoin hashrate is a rapidly depreciating computational commodity. But Bitcoin hashrate itself is a rapidly appreciating computational commodity due to what it produces. AI (inference / training) computations all just seem to depreciate rapidly.
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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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