by taostats
Date: November 2023
This summary unpacks BitTensor's journey from a massive, free decentralized AI compute network to a revenue-generating, sustainable ecosystem. It highlights how permissionless infrastructure is finding real-world demand in areas like coding and role-playing, driving a self-sustaining economic model.
The promise of decentralized AI compute has long been a theoretical ideal. BitTensor, through its permissionless network, has moved beyond theory, demonstrating immense scale and now navigating the critical path to economic viability. This episode reveals how the network is building a sustainable flywheel, turning raw compute power into a revenue-generating engine.
*we became the biggest open-source model provider in all of Open Router. I mean, at our peak when everything was still free, we did on our top day something like 160 billion tokens, which is just a massive number.*
*these bare markets are sort of a stress test, but it really makes us focus on achieving that goal of sustainability even faster.*
*one of our largest use cases is roleplaying. You know that the numbers are basically coding and role play is 90% of our traffic something like that.*
Podcast Link: Click here to listen
And does it work? We proved yes, it does work. And actually, we proved it so well that we became, as far as I know, the biggest open-source model provider in all of Open Router.
At our peak when everything was still free, we did on our top day something like 160 billion tokens, which is just a massive number. That was all Bit Tensor. It was all permissionless miners, decentralized network, and everything just worked and it was magical.
Then of course we had to get to the point where okay, well now we've proven that it can work, but now we need to actually make it sustainable. Starting I think our first day of actually having any revenue at all was March 8th. I think our total revenue for that day was like 200 bucks or something.
It's been a long slog from there. Lots of ups and downs, lots of market fluctuations, let's say. These bare markets are sort of a stress test, but it really makes us focus on achieving that goal of sustainability even faster.
We're continuing down our mission of basically bringing AI or sorry bringing bit tensor into the broader community general purpose compute Inference, the best most clear open- source definitive secure Inference on the planet basically between the TE stuff and having our entire stack be open source.
We are pumping all of that money just back directly into the ecosystem so that we can actually build a flywheel that can maintain indefinitely and eventually hopefully become fully autonomous.
I don't want to talk too much because we have just a ton of highlevel overview stuff that everyone wants to talk to. We have Algo is going to be talking about sort of our revenue numbers, our partnerships, subscription growth, all that kind of stuff.
We are continuing down the path of meeting people where they are. We're going to be talking about sandboxes and providing secure CPUon compute services and building easy ways for people to use the existing tools that they already have like claudebot or openclaw or moltbot whatever you want to call it stuff like that.
One of our largest use cases is roleplaying. The numbers are basically coding and role play is 90% of our traffic something like that. Complex here has built an amazing product that we're going to showcase there as well.
I'm going to stop talking because people have heard me too much.
There's another angle here too which I hope you go over John which is how much of bit tensor is built on shoots?
I think that's one of the major focuses that Algoi is going to be talking about here. I don't know if he wants to dox himself or not but hey how's it going?
It's amazing and that's one of the key things about shoots is like it's not just providing compute. We have a ton of additional specifically built mechanisms in place to help the subnets achieve what they want to achieve whether it's blocking network connections except for specifically whitelisted domains.
