Mining Comprehensive Guide

Overview

This guide serves as a complete reference for understanding Bittensor and Sportstensor, managing keys, funding wallets, registering miners, and configuring a miner on subnet 41. It is designed for developers and users interested in decentralized machine learning and participating in Sportstensor algorithm building network.

What is Bittensor?

1.1 Understanding Bittensor & Sportstensor

Bittensor is a decentralized, blockchain-powered network that rewards participants for contributing to a collective machine learning model. In Bittensor, participants called miners contribute valuable data, insights, and computational power to improve the network’s intelligence. This decentralized approach ensures that no single entity controls the model, making it resilient, open, and continuously learning from contributions worldwide.

• TAO Token: The native cryptocurrency of Bittensor, used to reward miners based on the value of their contributions.

• Subnet: A self-contained economic market that incentivizes access to various forms of machine intelligence. Each subnet operates as a specialized "network within a network," focusing on specific tasks such as digital commodity generation, data scraping, or intelligence processing. Subnets are interoperable, allowing them to exchange outputs with one another, and are designed to be scalable and adaptable to different AI applications.

• Sportstensor is a specialized Bittensor subnet designed to incentivize the discovery of competitive advantages over closing market odds, enabling top miners within the network to establish machine-driven dominance across the sports prediction landscape.

• Miner: They are responsible for performing computational tasks, such as processing data or generating predictions, depending on the specific requirements of the subnet they operate within. They receive tasks from validators, execute them using their resources, and return the results for validation. Miners are incentivized through rewards based on the quality and accuracy of their outputs, as determined by validators.

• Validator: Oversee the network's consensus and security. They generate tasks for miners, assess the quality of the miners' outputs, and allocate rewards accordingly. Validators ensure that the network operates smoothly by maintaining accurate records, verifying activities, and voting on outcomes.

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