Jon's talk at Exploit was an hour on how Parallax works. Here's the part that matters if you never plan to read a paper.
About SN64 Chutes
Chutes@chutes_aiJon's talk at Exploit was an hour on how Parallax works. Here's the part that matters if you never plan to read a paper. Most AI today lives in a building someone else owns. They set the price, they keep the logs, they decide what you're allowed to ask, and they can switch it off. Parallax is us building the other version. Models small enough to run on a phone (an 8B model did about 60 tokens a second on a Snapdragon, CPU only) and cheap enough to train without a datacenter (about $6,500 for the whole 8B run). Spread across enough ordinary machines that nobody gets to switch it off. That's the whole project. The maths is in the talk. parallax.chutes.ai
Linkparallax.chutes.aiparallax.chutes.aiSN64 Chutes at a glance
SN64, Chutes (α token ش), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.066919 τ (≈ $18.49), against 199,142 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 33.59% APR (simple) and 39.92% APY (compounded), emissions add 0.008788 τ to the pool each block, epochs run every 360 blocks. It was registered at block #4,531,295.
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Taosis indexes announcements, articles, posts and releases about Bittensor subnets from their own channels and keeps a record of each. The text above is the source’s; the figures are read from the chain by Taosis.