Validator Arbos (5GTW…ySXP) scheduled a child-key change on 12 subnets
Validator hotkey 5GTWwu3NCbYmVFzwfrXa1sx8y4UNLR3padWfVZwjNnDmySXP announced new child keys on SN1, SN2, SN4, SN14, SN17, SN22, SN23, SN28, SN37, SN39, SN48, SN50, applying at block 9,435,633 (~24h). Stake delegated to it there routes through its children after that.
ValidatorArbosSubnetsSN1, SN2, SN4, SN14, SN17, SN22, SN23, SN28, SN37, SN39, SN48, SN50 Between blocks 9,428,424 and 9,428,482
SN4 miner burn down to 0%
The subnet burns 0% of its miner emission now (was 100%): miners are being paid again.
Detected 11d agoView subnet →
SN4 miner burn up to 100%
The subnet now routes 100% of its miner emission to burn (was 0%). Miners earn little or nothing from it while this lasts.
Detected 12d agoView subnet →
Taosis newsletters
Taosis News: the week’s articles from the subnet teams, the press and community newsletters, every Friday. Taosis Weekly: the week’s movers, best yields and chain events, with dollar values, every Monday. Past issues
Read Governed by the Market on Substack: manifoldlabs.substack.com/p/governed-by-the-mar…
Linkmanifoldlabs.substack.commanifoldlabs.substack.com/p/governed-by-the-marketFull post on TaosisOpen on X ↗
Who decides how a subnet pays its miners, validators and owner? With eTAO, the subnet does, within firm limits.
The first written companion to Talking Targon covers what changed, why it took years, and the guardrails. From Ep. 01 with @const_reborn.
Full piece in the replies ↓

Full post on TaosisOpen on X ↗
We have just repurchased and burned 1,772 TAO (~$445K) of SN4 alpha using organic revenues generated via Targon.com
We have also burned an additional 6,678 TAO (~$1.7M) worth of SN4 alpha, which also represents revenue generated via Targon
Linktargon.comTargon.comFull post on TaosisOpen on X ↗
SN4 large buy: 1,772.1 τ
SideBuyτ1,772.11 τα31,339.13 αPool1.3% of poolWallet5D7b2X…AGXz9Q Block 9,376,318View block →
With exploits on the rise, plan for the host getting breached.
Targon Virtual Machines run on Intel TDX.
Memory is encrypted with keys the host never sees, so even a compromised server can’t see your data, your weights or your code.
Quoting @narrativereach
Every few hours, it seems like there’s a new software exploit.
This week, a critical PHP flaw forced government websites across Europe offline, and the NSA told anyone who couldn’t patch to take their systems down, and one attacker used AI agents to break into the websites of 100+ companies for about $50 a hack.
Exploits that used to take months now take minutes. And a standard VM still assumes you trust the host. The hypervisor, the admins, anyone who gets that far can read what’s in memory.
The hardware to close that gap already exists. The question is no longer how fast you can patch, it’s whether anyone else can see inside your workload while it runs.
Full post on TaosisOpen on X ↗
Validator Kusanagi (5Csz…gMUV) scheduled a child-key change on 44 subnets
Validator hotkey 5CszMVts9ueMUSKdAwLFSLT7u4oyxN7fUBpo8Z3ETw1ggMUV announced new child keys on SN1, SN2, SN4, SN8, SN9, SN10, SN14, SN17, SN24, SN25, SN39, SN42 and 32 more, applying at block 9,342,864 (~24h). Stake delegated to it there routes through its children after that.
ValidatorKusanagiSubnetsSN1, SN2, SN4, SN8, SN9, SN10, SN14, SN17, SN24, SN25, SN39, SN42, … (44 subnets) Between blocks 9,335,649 and 9,335,704
Full episode of Talking Targon, Ep. 01 here:
Quoting @TargonCompute
Talking Targon, Ep. 01 is now live.
Bittensor co-founder Jacob Steeves aka @const_reborn joins us to break down eTAO, the upgrade that lets subnet owners decide how their emissions are split.
We get into subnet economics, the guardrails against exploits, and what it unlocks for compute on Targon.
Full post on TaosisOpen on X ↗
Bittensor is adapting, and passing more control to the network participants.
eTAO is yet another step toward true decentralization.
“Inside of a competitive network, where you're being governed by the market.” @const_reborn on Talking Targon

Full post on TaosisOpen on X ↗
@const_reborn Full episode is live on Youtube here: youtube.com/watch?v=s7hymAhb0Oc
Linkyoutube.comyoutube.com/watch?v=s7hymAhb0OcFull post on TaosisOpen on X ↗
Talking Targon, Ep. 01 is now live.
Bittensor co-founder Jacob Steeves aka @const_reborn joins us to break down eTAO, the upgrade that lets subnet owners decide how their emissions are split.
We get into subnet economics, the guardrails against exploits, and what it unlocks for compute on Targon.

Full post on TaosisOpen on X ↗
SN4 miner burn moved from 51% to 0%
Share of the subnet's miner emission routed to burn: 51% → 0%.
Detected 24d agoView subnet →
SN4 miner burn moved from 24% to 51%
Share of the subnet's miner emission routed to burn: 24% → 51%.
Detected 24d agoView subnet →
Targon's new GPU capacity is being booked by enterprise customers within a day, often under year-long contracts.
On the latest Novelty Search, @TargonCompute explains how Subnet 4 is building a confidential AI cloud that protects models and data even on third-party hardware.
The team also unveiled a public revenue dashboard, with bare-metal servers, virtual machines and AI-agent sandboxes already available, and more cloud services on the roadmap.
Hosted by @const_reborn
Full episode in the first comment

Full post on TaosisOpen on X ↗
Bittensor’s eTao & Gamma + SN4 Targon Revenue, Buybacks & Roadmap
Bittensor’s protocol is evolving—and Targon is opening up about its business. In Novelty Search #92, Const joins Rob and Matt from Targon in Austin, alongside Mark Jeffrey and Mogmachine, to explore eTAO, Gamma and greater flexibility for subnet economics. The conversation covers proposed changes to miner, validator and owner emissions, how Gamma could connect applications with compute and storage across Bittensor, and what these changes could unlock for builders. Then we dive into Targon: its new revenue dashboard, infrastructure roadmap, Targon Tower plans and the team’s approach to reinvestment and token buybacks. CHAPTERS 00:00 Welcome & joining Targon in Austin 02:05 AI hardware at home & supplying compute 03:18 Introducing eTAO 04:05 Protocol changes: flexible subnet emissions 07:36 Why change subnet economics? 10:21 Building apps with eTAO, Gamma & subnet services 25:12 Mogmachine on Gamma, margins & buy pressure 30:01 Does eTAO introduce another token? 31:01 Protocol questions & constraints 40:53 AI development & Bittensor’s network advantage 45:04 Targon updates & merch 46:48 Revenue dashboard & transparency 49:08 Miner requirements & managed compute supply 51:41 Targon’s roadmap: hosting, databases & Kubernetes 56:43 Targon Tower & home AI hardware 59:28 Buybacks versus reinvesting in growth 1:04:31 Token holders, profits & buyback commitments 1:07:40 Expanding on-demand GPU capacity 1:08:53 Closing thoughts Subscribe for more Novelty Search conversations with the people building on Bittensor. #Bittensor #Targon #NoveltySearch
Opentensor YouTubesource ↗
With eTAO on the horizon, it's finally time.
Talking Targon 001 with @const_reborn drops tomorrow.

Full post on TaosisOpen on X ↗
Novelty Search :: Bittensor Subnet 4, Targon x.com/i/broadcasts/1aKbdErpeeqJX
Full post on TaosisOpen on X ↗
Tune in later today for some big news on the future of Bittensor and subnet capital allocation.
We have some surprises dropping soon so stay tuned 👀
Quoting @opentensor
This Thursday on Novelty Search :: Subnet 4 :: @TargonCompute
Targon is building a decentralized GPU cloud on Bittensor, providing on-demand compute for AI training and inference.
Its confidential VMs use Intel and NVIDIA hardware security to protect sensitive models and data, even from the providers operating the servers.
Live on Thursday :: 9PM UTC :: via Bittensor Discord
Hosted by @const_reborn
Full post on TaosisOpen on X ↗
This Thursday on Novelty Search :: Subnet 4 :: @TargonCompute
Targon is building a decentralized GPU cloud on Bittensor, providing on-demand compute for AI training and inference.
Its confidential VMs use Intel and NVIDIA hardware security to protect sensitive models and data, even from the providers operating the servers.
Live on Thursday :: 9PM UTC :: via Bittensor Discord
Hosted by @const_reborn

Full post on TaosisOpen on X ↗
Validator TAO.app (5CoZ…bifj) scheduled a child-key change on 125 subnets
Validator hotkey 5CoZxgtfhcJKX2HmkwnsN18KbaT9aih9eF3b6qVPTgAUbifj announced new child keys on SN1, SN2, SN3, SN4, SN5, SN6, SN7, SN8, SN9, SN10, SN11, SN12 and 113 more, applying at block 9,281,605 (~24h). Stake delegated to it there routes through its children after that.
ValidatorTAO.appSubnetsSN1, SN2, SN3, SN4, SN5, SN6, SN7, SN8, SN9, SN10, SN11, SN12, … (125 subnets) Between blocks 9,274,365 and 9,274,433
Validator Firepool (5Deo…zD9Y) scheduled a child-key change on 68 subnets
Validator hotkey 5Deo9Q3SnZWNPSEPRTgapbyy6egKu2oaNSqD4RQHHJEuzD9Y announced new child keys on SN4, SN6, SN8, SN9, SN15, SN16, SN17, SN19, SN21, SN23, SN27, SN29 and 56 more, applying at block 9,269,281 (~24h). Stake delegated to it there routes through its children after that.
ValidatorFirepoolSubnetsSN4, SN6, SN8, SN9, SN15, SN16, SN17, SN19, SN21, SN23, SN27, SN29, … (68 subnets) Between blocks 9,262,073 and 9,262,137