Member Info for Andii

Irish, I already explained here (with links) the minimum required computing spec for a miner.

https://docs.learnbittensor.org/miners/

A subnet can have a maximum of 64 subnet validator UIDs and 192 subnet miner UIDs (256 total) in subnets other than Subnet 1.

Miner system requirements

https://github.com/opentensor/bittensor-subnet-template/blob/main/min_compute.yml#L14

recommended_gpu: "NVIDIA A100"

So, a subnet requires 192 minimum miners to make 41% of the revenue

Each miner has a minimum system requirement including NvidiaA100 or better.

https://www.etb-tech.com/dell-nvidia-a100-graphics-accelerator-80gb-full-height-bracket-vid00274.html?srsltid=AfmBOooI8l6x_HdH2T_ds3dS2r4YFjjA_vXLxrgPWbM7Vtk_rZiMRXPK

Price tag £19k

So if each miner requires a GPU worth £19k, let's say they can operate with a lower spec model worth £10k

192 miners costing £10k (just for the GPU) = £1.92m pricetag for the miner hardware.

Yearly emissions for subnet 107 = just under $2m

Devided by 192 miners =

FYI Irish as you seem to like facts yet seem to be a little bit behind on the realities;

AI Overview

+3

The secret to Subnet success. Bittensor's daily emission is ...

In the Bittensor network, subnet emissions are split as follows: 18% for subnet owners, 41% for miners, and 41% for validators. These percentages are consistent across all subnets and are a fundamental part of the network's economic model.

Here's a more detailed breakdown:

Subnet Owner:

The subnet owner defines the subnet's specific task and incentive mechanisms, and receives 18% of the subnet's emissions.

Miners:

Miners are responsible for performing the computational tasks defined by the subnet and are rewarded with 41% of the subnet's emissions based on the Yuma Consensus algorithm.

Validators:

Validators evaluate the work of miners and receive 41% of the subnet's emissions. Their share is also determined by the Yuma Consensus, which considers their stake weight in the subnet according to Bittensor documentation

Irish, this is just the wallet for the tiger alpha subnet 107 TAO holdings and ties in with the known ownership percentage of 18% of subnet emissions. There is still huge upside potential (as i mentioned potentially $1m with modest increase in emissions and potentially $10m if TAO prices go on a run.

What i haven't included is the potential for Tiger (TIR) to also own a few or a large number of the 200+ miners on the subnet. We still need info on this. That could increase our % of the emissions to 50% or above instead of just the 18% which we can see in the wallet address attached.

Each of the miners have their own wallet address.

Maybe (HA!) we could ask subnet 107 to find out for us as this is what it is designed to do, track crypto wallet holdings.

So far, tiger alpha has 173 TAO held in its blockchain

https://taostats.io/account/5EjS4kzFCMZHrXSY1U5zhx7Math8S4JiUXXVPCKsD8XE19Tq

Tiger beta has 38 TAO

Worth a total of $76k.

Assuming Tiger alpha climbs the ranks and Tiger beta gets a use case added and catches up, could we be on target for $700k to over $1m revenue per year. Maybe TAO increases 10x over the next year then that revenue increases to $10m.

Tiger alpha being called the bloomberg terminal of crypto wallets. If this takes off and so does TAO, we could be talking some even larger increases in revenue. Already at current rates and prices, we are talking about $500k per year revenue to TIR from the two subnets. What P/E ratio should be applied?

I think coward is the word I used. No real identity for anyone to personify, never takes part in live invited debates after being invited yet hounds CEO and other posters on social media under an anonymous handle. Goodbye

Not my child. Telegram admins child as per the screen shot. Ive provided everything I care to and regret answering you in the first place. Dont expect a reply

300m daily volume was seen during the "pump". That's what, around £1m? There is still a lot of growth to happen before we become a £1b company. We need to grow the subnet(s), hold the coins, and see the value of TAO multi bag. It will take years.

Here is an example of a KIID. Do we want/need this? Are we a fund and do we allow investors to invest in the fund (adding finds to Tiger's bank account). This would mean we would need to rebalance our investment in standard strategies every time there was a large buy or sell into the fund?

I mistakenly thought the KIID was more like a prospectus. The few examples I looked at don't look too complicated but I still question if they only apply to investment funds who buy/sell shares in other companies. How do we adjust our holding in Arok for example when it is still being beta tested?

https://doc.morningstar.com/893249d4be23adfbe1188cff4caef5af.msdoc/?clientid=fiduk&key=06f7d682c5869576

Am I right in saying that another requirement to go along with a KIID is articles of association? How lengthy are those, quite more involved I believe?

Right now I am happy giving Bixby and the team Carte Blanche without demanding extra corporate burden. Most of Bixbys investments so far have increased in value. And the company are breaking no rules by not supplying KIID, and every investor of every share in the company has the ability to sell shares right now on the market if they wish.

23rd may 2024 you DM'd telegram admin after being booted and called their teenage son an ugly C&%t

Then end of July you posted about investing X amount of shares into BTC treasury company. You were posting about simmilar sized buys (as gary W) At the same time. Also going on holiday at same time. And your grammar is the same "you was booted"

https://ibb.co/QZWRFdj

https://ibb.co/zTSyjBDw

But we do have a number of brokers available and most people should have two accounts really

- IG

- IWeb

- Lloyds bank

- Halifax

- Investec

- HSBC (invest direct)

- Redmayne Bentley

Wouldn't have happened without the crypto treasury pump. We would still be trading in the 0.1p to 0.2p range as before and ii would still be alowing trading and we would be discussing getting trading available on HL as before.

When did Jonathan Bixby tell shareholders he was going to amend the regulatory requirements immediately after the AGM? As far as I am aware all we had from the AGM was the resolution to change the name, consolidated and a formal vote on the resolutions. No CEO participation.

We can complain all we like but the company is progressing with the value of recent investments all doing well. Maybe we are an investment comapny after all? Do we want the BOD stopping all work elsewhere and putting all efforts into producing a KID?

Maybe we wait until Jonathan Bixby is back from holiday and get hold of him. Maybe wait for the next few RNS updates (they were coming in thick and fast prior to july). Maybe we wait for the name change.

Too many investors losing their $#|+ after the share price dropped after pumping. TIR share price drop is actually not as bad as some of the other treasury companies. This gives me confidence

Also going from 100m odd shares to 320m in the space of 2 years whilst acquiring 5 or so decent projects is not an example of a confetti clown. You aren't very experienced in investing in small.caps are you? You often see the share count go from 100m to 10b over 5 years or less and still no production.

You know fine well commissioning took a month and a half longer than anticipated. Then Kinusi failed to deliver, and AUO departed so Marula ran out of working capital. You can't buy feed material, process and transport manganese without working capital.

I should imagine there is either an interm funding arrangement being made, a new logistics agreement to be negotiated or a small placing to come to start the manganese shipments.

Welcome to mining. Most mining companies you witness just the one project stalling and falling behind by years so its easier to deal with the disappointment. With Marula they have 5 or 10 projects with the potential.to be delayed by years and when we lose a funder, commodity prices fail or a key project doesn't deliver free cash flow, well the whole business goes into limp mode. Thats pretty standard for a junior miner.

Marula havent taken charge of the new mine yet. Still a bunch of DD and legal work to be done first 👍 All they have done is put down a $25k non refundable deposit via shares at 5p

Yesterday's new addition to the advisory board

https://x.com/AlphyNethononda/status/1955892128166412537?t=HJ1sRLwHjcEFaABclWPqOA&s=19

https://x.com/JB_MiningAfrica/status/1955723186294730843?t=9vtbBUoUB3YX4VTJmjJLWQ&s=19

Ah sorry. Whole package probably worth £500k then including development + working capital

You missed out the £500k cash after 100kt delivered and all development capital to be covered by Marula.

If the company have somehow stalled due to having no access to funds, this is a good way to get back into production risk free.

Wouldn't mind some of Prem's volume when trading resumes here. 30+ messages on their LSE page today too

The use case discussed by satsumas CEO (previously TAO alpha - the partner we paid $250k to build the subnet plus a 20% share od the revenues)

https://www.proactiveinvestors.co.uk/companies/news/1076524/satsuma-technology-ceo-henry-elder-on-decentralised-ai-and-bitcoin-plans-1076524.html

We've had two interviews in the past 5 or 6 weeks and a very comprehensive update to subnet 107's github repository.

https://github.com/tigerinvests-com/sn107-alpha