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Hello @everyone!

This Monday <t:1687816800> we will be holding a community call here in this discord to discuss when and how we will be resetting emissions back into the network.

Thank you to everyone for your patience during this maintenance.

Onward,
Const
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Bitmart listed TAO out of themselves! - https://twitter.com/BitMartExchange/status/1673205956292001792?s=20

Announcement coming?
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Hey @everyone

In preparation for our call this evening, we have increased the target registration rates from 2 registrations per block -> 4 registrations per block.

We will have more updates as we move along this week.

Don't forget our post mortem and future events community call here in the Discord this evening at <t:1687816800:T>.

See you then!

- Opentensor
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Hey @everyone

Here are the major updates from yesterday's call with slight tweaks based on community feedback from last night.

Instead of Friday, we will run the DAO vote on 100% emissions and the POW registration removal for Tuesday next week. This will give delegates extra time to cast their votes and register into the DAO via instructions we will released tomorrow.

We will also be piloting the new validators with a new release this Thursday, so stay tuned.

- Opentensor
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Tao.studio is back online & improved!
Hello @everyone

---
TL;DR
-- Emission are coming back at block 764202 (about <t:1688508900:f> your time)
-- Incoming Openvalidators update to 1.1.1
-- POW registrations are turned off on subnet 1.

---
Introduction
We would like to thank everyone in this community for patiently giving the Foundation time to implement fixes and align the incentive mechanism. We're happy to announce that we've made a tremendous amount of progress over the few weeks, improving many of the network fundamentals.

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What has changed?
The largest and most important change is that we've managed to increase coldkey diversity substantially, reducing the main group from 300 keys down to 50. The blue line in Figure 1 (Impact of validators update on cabal) below highlights that group's hotkey count up until today.

---
How did we do this?
The major change was a substantial increase in the diversity of the validation dataset, making it much harder for cached responses. We can see this in the raw number of unique responses that subnet 1 is creating. The graph in Figure 2 (Histogram of diversity (unique rows / total rows) 25-06 to 30-06) highlights the percentage of diversity in the responses prior to our change. Figure 3 (Histogram of diversity (unique rows / total rows) starting from 29/06) shows the diversity today after the update. We are seeing over 80%.

This is good for two reasons:
1) It means that miners are running more unique models and
2) the network is producing a much more dense dataset product (useful for things like distillation).
See Figure 4 (Sum of raw collected rows and unique rows by day).

At the same time, naive exploits such as "thats an excellent question" or "this miner is under attack" are now getting near zero rewards across the mechanism. The network is much healthier from an output perspective. The top miners appear to be producing varied, relevant and quality responses, so intended incentivization seems working.

---
Additionals
- We are releasing a separate update to openvalidators which will drastically increase the importance of diversity across miners (specifically by up weighting the diversity filter). You can view this change here https://github.com/opentensor/validators/pull/86.
- We will be obsoleting POW registration along side the emission increase. This will make it impossible for anyone to farm registrations anymore, with a vote to turn it off completely incoming this week.
- Release 5.3 on Bittensor has been released that includes several fixes including various updates and fixes submitted by community members, such as asking for a wallet name during unstaking, updating versions and README.md, fixing tests and integration issues, removing neurons, merging pull requests, fixing weight utils, extracting configuration and wallet to new packages, integrating btcli with a new governance protocol.

We are happy with the outcome of the updates up until this point and as such have decided to follow through with the DAO vote emissions increase effective immediately. We hope that in the future community members will continue to help us improve the mechanism, and in the future we pledge to do our part in giving our ear to the community and move together towards true decentralized intelligence.

Happy mining,

Opentensor
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Forwarded from Deleted Account
Biggest 2.3b to 4B model on the world at this moment! The BTLM , Bittensor model.
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