Compute HordeSN12 · Bittensor subnet

0.004720 τ$1.46

24H -0.73%7D -1.08%APR 3.3%

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YOU PAY (τ)

You receive ≈ — α

VALIDATOR

Slippage tolerance

Allow partial fill if price moves past tolerance

Network feeconnect to estimate

Taosis fee (15% of network fee)—

One signature (fee bundled with the swap) — untick if your Ledger refuses it

Signs a price-limited addStake / removeStake on-chain (same AMM as TaoSwap) — the transaction reverts (or partially fills, if allowed) rather than execute past your tolerance. Quote is local XYK. Taosis adds 15% of the network fee, collected in the same transaction — a failed swap charges no Taosis fee.

SN12, Compute Horde (α token μ), 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 0.004720 τ (≈ $1.46), against 12,581 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 3.3% APR, emissions add 0.000000 τ to the pool each block, epochs run every 360 blocks. It was registered at block #2,256,433.

The complete guide to SN12 Compute Horde — every figure explained →

New to subnets? What a subnet is · How to use Taosis

GitHub ↗

Price

0.004720 τ

APR

3.3%

TAO in pool

12,581 τ

α in pool

2,665,201 α

EMA price

0.004737 τ

α staked out

3,598,203 α

Vol 24h (indexed)

429.40 τ

Emission / block

0.000000 τ

Owner: 5ELzhHvgUqmnAYs74vFWjMMehXNeHkRtkreAa3g8QQS96PCp
Registered: block 2,256,433
Tempo: 360 blocks / epoch
Swap fee: 0.050% (chain AMM)

Hyperparameters

Tempo: 360 blk
Immunity: 1,466 blk
Max validators: 64
UIDs: 256
Reg. burn: 0.0005 τ
Registration: open
Weights rate: 100 blk
Activity cutoff: 5,000
Commit-reveal: on (3)
Serving rate: 100
κ (kappa): 32767
ρ (rho): 10

Top 64 UIDs by reward
UID	Hotkey	Coldkey	Role	Stake α	Consensus	Incentive	Dividend	Emission	Axon	Reg. block
105	5Eqo5Ukg…oYUKinactive	5ELzhH…6PCp	miner	0	96.9%	96.9%	0.0%	143.080 α	—	#6,707,981
83	5Hjbf5s2…tEKi	5ELzhH…6PCp	validator	1,428,716	0.0%	0.0%	57.4%	84.756 α	1.1.1.1:1	#6,707,555
70	5Fk5d1tr…SL12	5GW9X8…jovV	validator	151,128	0.0%	0.0%	18.4%	27.118 α	—	#8,701,057
24	5DLtdEu5…6986	5E9fVY…Yc5p	validator	116,867	0.0%	0.0%	8.8%	13.036 α	1.1.1.1:1	#5,157,865
99	5DoKZ3oP…zNr5	5FHxxe…GpSs	validator	3,758	0.0%	0.0%	5.5%	8.116 α	1.1.1.1:1	#8,642,658
170	5HKxhdGD…As12	5Fuzgv…krzo	validator	65,267	0.0%	0.0%	3.7%	5.492 α	1.1.1.1:1	#8,800,876
225	5EFZkong…m3jo	5EBuUX…Z8Ff	validator	33,019	0.0%	0.0%	3.0%	4.422 α	1.1.1.1:1	#5,801,347
76	5EccGr8t…w5xx	5Dkwfx…VxVY	validator	48,926	0.0%	0.0%	3.0%	4.384 α	1.1.1.1:1	#8,470,324
190	5EbhSyVZ…WzFvinactive	5ELzhH…6PCp	miner	0	0.5%	0.5%	0.0%	0.734 α	—	#6,707,674
198	5Eym5ZrF…d4AUinactive	5ELzhH…6PCp	miner	0	0.5%	0.5%	0.0%	0.734 α	—	#6,707,666
82	5G3iqUhD…tUbxinactive	5ELzhH…6PCp	miner	0	0.5%	0.5%	0.0%	0.734 α	—	#6,707,659
21	5Ey26RZ3…kbj5inactive	5ELzhH…6PCp	miner	0	0.5%	0.5%	0.0%	0.734 α	—	#6,707,998
59	5ENdwRMX…8xGLinactive	5ELzhH…6PCp	miner	0	0.5%	0.5%	0.0%	0.734 α	—	#6,707,990
136	5EHcd8Jp…B3XYinactive	5DRgdM…D8rd	validator	1,232	0.5%	0.5%	0.0%	0.672 α	3.99.215.208:8000	#8,115,426
212	5Chngqcs…2MUV	5CqsgE…XMUV	validator	2,500	0.0%	0.0%	0.2%	0.276 α	1.1.1.1:1	#6,714,878
157	5Hdt5YNb…XAwoinactive	5DRgdM…D8rd	validator	1,225	0.1%	0.1%	0.0%	0.181 α	3.99.247.164:8000	#8,115,422
15	5HVnvVX1…CAK2inactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,695,789
16	5GBffCBa…nHVBinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,255,718
17	5ChZLpTy…JP6xinactive	5DCLCT…Tk1d	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,995,180
18	5FjYBNnd…e7Qiinactive	5FjZWg…UZBS	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,204,109
19	5FPMugXL…xBaVinactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,687,846
20	5EoZBvGG…UV3jinactive	5EoZBv…UV3j	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,883,895
22	5EHD2yCG…soDuinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,256,922
23	5Gx6XQfV…Ljxoinactive	5EkfM7…oSuc	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,258,859
25	5FToYjv7…1Hgtinactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,687,848
26	5F9uBSQe…W7YHinactive	5DfNpZ…BDWU	miner	0	0.0%	0.0%	0.0%	0.000 α	144.76.113.190:12000	#7,806,936
27	5Ca5e8mA…2eGYinactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,690,733
28	5Epwbyif…oRmQinactive	5FjZWg…UZBS	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,588,236
29	5F6WTRrT…6M7Linactive	5G9A3r…diK7	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,166,921
30	5E9RhAhG…NsRWinactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,696,511
31	5Exh6YeZ…RvHwinactive	5DPy4d…Xeah	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,520,705
32	5GVx769y…Czukinactive	5FjZWg…UZBS	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,189,755
33	5Dy5rUkN…4AkFinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,134,894
34	5F2D32xw…Lk73inactive	5FTUDR…mfnA	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,995,186
35	5CaV7gin…d3giinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,255,841
36	5Gbrstyf…wrB8inactive	5FjZWg…UZBS	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,202,395
37	5CRnjhCM…z92Qinactive	5DPy4d…Xeah	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,512,074
38	5FbnDyv7…qcQzinactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,693,623
39	5G1UNN5J…uQtMinactive	5DMPkN…zV8B	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,533,205
40	5EUsTyuA…CazTinactive	5DPy4d…Xeah	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,511,356
41	5EWdgtEo…H8H1inactive	5G9A3r…diK7	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,167,642
42	5CaMDA27…BLaDinactive	5EkfM7…oSuc	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,175,562
43	5HbQpEgw…j9mbinactive	5EhRMk…rZjL	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,778,665
44	5EX5VUD3…SK8Einactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,692,177
45	5H4HkCBK…e5aBinactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,692,179
46	5CnoEqrc…7Uidinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,135,601
47	5GuJoDce…4Pehinactive	5EkfM7…oSuc	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,174,713
48	5EvJ4iMi…g5qRinactive	5DPy4d…Xeah	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,522,516
49	5CULxoyW…ejcZinactive	5G9A3r…diK7	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,259,082
0	5G9nS23x…Efacinactive	5DPy4d…Xeah	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,520,703
1	5GU1owWP…BArHinactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,689,291
2	5Gc77YAD…q4SWinactive	5DPy4d…Xeah	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,514,234
3	5HDgo5aB…ThSuinactive	5HNJJM…smdh	miner	0	0.0%	0.0%	0.0%	0.000 α	[2607:fb90:2832:452:9369:e6b4:10f3:1036]:10000	#7,903,520
4	5EqangTY…LS8Einactive	5HpzTF…3Crh	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,434,394
5	5Eh8yWuP…tSd1inactive	5HVe96…EEm7	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,572,286
6	5GgL6CfK…5GpKinactive	5EM6Af…92fA	miner	0	0.0%	0.0%	0.0%	0.000 α	70.30.158.46:14306	#8,368,448
7	5EnBgKHg…2JT2inactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,690,013
8	5GTVgSq6…kCNNinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,255,692
9	5HTPVRAh…m6WEinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,258,864
10	5DVJAXfC…ZHEcinactive	5Hpecv…kVdd	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,943,834
11	5HN3u9aY…83poinactive	5FjZWg…UZBS	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,588,238
12	5ExvGDuS…CymMinactive	5GNgRS…KdoY	miner	0	0.0%	0.0%	0.0%	0.000 α	185.216.21.228:8000	#7,353,229
13	5G6sWKk8…pjhCinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,134,882
14	5HpA7oGA…qyRhinactive	5FH2GA…23u5	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,686,403

Child keys (78)

Validators routing a share of their weight-setting through child hotkeys — necessary context for reading the stake column: a parent's influence may act through its children.

5C5GuCUK…CdqD→5HKxhdGD…As12100.0%

5CAQAgXx…7FmJ→5EFZkong…m3jo100.0%

5CBDhkBx…8S3A→5DvDypN8…diFp100.0%

5CSAGuiJ…a4t1→5CsvRJXu…2zVp100.0%

5CUysqNg…ws6B→5DvDypN8…diFp100.0%

5CV93B17…fQF2→5Hjbf5s2…tEKi100.0%

5CcD4RLF…Dcdb→5EFZkong…m3jo100.0%

5Ckaoft1…uUes→5DoKZ3oP…zNr5100.0%

5CoZxgtf…bifj→5Fk5d1tr…SL12100.0%

5CqRMuYS…b9Ed→5Fk5d1tr…SL12100.0%

5CsvRJXu…2zVp→5Fk5d1tr…SL12100.0%

5CszMVts…gMUV→5Chngqcs…2MUV100.0%

5CzFiYvB…gZ3J→5EFZkong…m3jo100.0%

5D4gEn5S…kZ4f→5DvDypN8…diFp100.0%

5D4oo3Z5…rWSj→5CsvRJXu…2zVp100.0%

5DD6hMnC…P3KL→5EFZkong…m3jo100.0%

5DM7CPqP…xmtX→5Fk5d1tr…SL12100.0%

5DUuFhF4…k2GU→5Fk5d1tr…SL12100.0%

5DXdHixx…L1S1→5DLtdEu5…6986100.0%

5Dd8gaRN…GrWv→5Hjbf5s2…tEKi100.0%

5Deo9Q3S…zD9Y→5Fk5d1tr…SL12100.0%

5DjtmV76…T4Kd→5EccGr8t…w5xx100.0%

5DkFEQdE…M7Fn→5Hjbf5s2…tEKi100.0%

5DvDypN8…diFp→5Fk5d1tr…SL12100.0%

5DvTpini…N2ed→5Fk5d1tr…SL12100.0%

5E2LP6En…eZ5u→5Fk5d1tr…SL12100.0%

5E4z3h9y…ULde→5Fk5d1tr…SL12100.0%

5EAdPk76…pYDc→5Fk5d1tr…SL12100.0%

5EByfpgR…JWs4→5Fk5d1tr…SL12100.0%

5ELREhAp…qwVh→5Fk5d1tr…SL12100.0%

5ELzhHvg…6PCp→5Hjbf5s2…tEKi100.0%

5EWLgJHB…aVrk→5EFZkong…m3jo100.0%

5EqYdsxW…oaUf→5HKxhdGD…As12100.0%

5EtUYRu7…tvzs→5Hjbf5s2…tEKi100.0%

5F7dvCS7…r6LW→5HKxhdGD…As12100.0%

5FBqnTwn…4WUw→5Hjbf5s2…tEKi100.0%

5FFM6Nvv…UWgt→5Hjbf5s2…tEKi100.0%

5FFSBkNi…VR86→5DLtdEu5…6986100.0%

5FWB5CFZ…jkg5→5Fk5d1tr…SL12100.0%

5FeKsRjZ…9DGg→5Hjbf5s2…tEKi100.0%

…and 38 more

These figures didn't reconcile against the chain's own α total (α staked out, less the protocol's own α and α burned) on the last pass — treat them as unverified.

Holders

1,103

Top holder

—

Top 10

—

Nakamoto

—

Nakamoto — = the fewest coldkeys that together hold a majority. HHI — (0 = evenly spread, 1 = one holder, min-normalised so it is not comparable to the raw HHI most explorers publish), Gini —.

Method: α per coldkey, summed across every validator hotkey, read from the chain's own share pools at one block. The subnet owner's coldkey is set aside for Top 10, Nakamoto, HHI and Gini — the owner is usually the largest holder by far, and leaving them in measures the owner rather than the market. Shares in the table below are of every holder's α, owner included. Counted holders hold at least 0.000001 α; below that is the rounding residue of an exit, not a position. Nakamoto reads “—” under two holders, and Top 10 under twenty, where it saturates at 100% for reasons that have nothing to do with capture. Coldkeys, not people: one person can hold many, and one exchange coldkey can custody thousands. Balances are refreshed every 10 minutes from the fills we index ourselves. Last recomputed 9/22/2026, 6:45:17 PM.

#	Coldkey	Alpha	Value	Share
1	5ELzhHvg…6PCp	1,281,756 α	6,050 τ · $1.9M	70.38%
2	5HorGnvy…oYjE	43,612 α	205.86 τ · $63.5K	2.39%
3	5GjUb9YJ…XiRq	33,448 α	157.89 τ · $48.7K	1.84%
4	5EBuUXD6…Z8Ff	31,153 α	147.05 τ · $45.3K	1.71%
5	5HHF68Pg…pT9S	30,398 α	143.49 τ · $44.2K	1.67%
6	5GCN1gMY…TZoY	28,601 α	135.01 τ · $41.6K	1.57%
7	5F7giPFK…28ZM	26,826 α	126.63 τ · $39.0K	1.47%
8	5FNM2TdF…Mokm	17,972 α	84.83 τ · $26.2K	0.99%
9	5EyodFp5…5ygv	14,587 α	68.86 τ · $21.2K	0.80%
10	5CGwW5WJ…podz	13,609 α	64.24 τ · $19.8K	0.75%
11	5GF87Rts…pY1i	10,478 α	49.46 τ · $15.2K	0.58%
12	5GHg6ASH…jwWR	9,043 α	42.69 τ · $13.2K	0.50%
13	5EwCxRzZ…f6VB	8,999 α	42.48 τ · $13.1K	0.49%
14	5EYCAe5j…tp7s	8,547 α	40.34 τ · $12.4K	0.47%
15	5FnjDPuz…xajP	7,753 α	36.60 τ · $11.3K	0.43%
16	5GerDrZd…mjj2	7,586 α	35.81 τ · $11.0K	0.42%
17	5CerKrvp…sZ2x	6,919 α	32.66 τ · $10.1K	0.38%
18	5GQYL6P6…Sf5S	6,744 α	31.83 τ · $9.8K	0.37%
19	5ES84rfz…QM4w	6,017 α	28.40 τ · $8.8K	0.33%
20	5GBYUuPv…EbXd	5,806 α	27.41 τ · $8.5K	0.32%
21	5GNAZz4s…MwMm	5,692 α	26.87 τ · $8.3K	0.31%
22	5HK45QZL…RPTk	5,589 α	26.38 τ · $8.1K	0.31%
23	5GCMQWyS…Q1fd	5,534 α	26.12 τ · $8.1K	0.30%
24	5GCayQvg…Eo7a	5,437 α	25.66 τ · $7.9K	0.30%
25	5HYYMyRX…mndg	5,292 α	24.98 τ · $7.7K	0.29%
26	5GzfkTD7…MTpC	5,290 α	24.97 τ · $7.7K	0.29%
27	5CUinZxG…yqyK	5,244 α	24.75 τ · $7.6K	0.29%
28	5Ci1DAqD…pxAV	5,107 α	24.11 τ · $7.4K	0.28%
29	5HMtFEQ9…8CCx	5,107 α	24.11 τ · $7.4K	0.28%
30	5EkMm4mp…ek3D	5,098 α	24.07 τ · $7.4K	0.28%
31	5FscRcR9…qdzp	5,074 α	23.95 τ · $7.4K	0.28%
32	5HQftMAn…4bDN	5,054 α	23.86 τ · $7.4K	0.28%
33	5Co5i33R…BrdW	5,003 α	23.62 τ · $7.3K	0.27%
34	5G4529T3…7EpB	4,159 α	19.63 τ · $6.1K	0.23%
35	5GKWxc3a…RFVX	4,109 α	19.40 τ · $6.0K	0.23%
36	5CoD2zfW…Z57b	3,754 α	17.72 τ · $5.5K	0.21%
37	5GBcbZQG…1TZw	3,643 α	17.19 τ · $5.3K	0.20%
38	5DLmDmae…uyi5	3,505 α	16.55 τ · $5.1K	0.19%
39	5F29KYWd…6cBZ	3,455 α	16.31 τ · $5.0K	0.19%
40	5DwGSCMR…zo36	3,432 α	16.20 τ · $5.0K	0.19%
41	5GuJG6oa…Z4jV	3,398 α	16.04 τ · $4.9K	0.19%
42	5DkV8twU…e1d5	3,364 α	15.88 τ · $4.9K	0.18%
43	5EXFjXe5…voH8	3,349 α	15.81 τ · $4.9K	0.18%
44	5CCexiEG…F8J5	2,894 α	13.66 τ · $4.2K	0.16%
45	5CRsfGLt…cehL	2,893 α	13.66 τ · $4.2K	0.16%
46	5EezuGcp…g3iz	2,839 α	13.40 τ · $4.1K	0.16%
47	5Ea2Lp1i…hVDu	2,778 α	13.11 τ · $4.0K	0.15%
48	5CSMsdmT…QrRs	2,703 α	12.76 τ · $3.9K	0.15%
49	5EhyiB1n…YLHy	2,697 α	12.73 τ · $3.9K	0.15%
50	5C5YitzK…k5VQ	2,693 α	12.71 τ · $3.9K	0.15%

Owner lock

3,871 α

≈ 18.27 τ · $5.6K

Owner conviction

3,871 α

≈ 18.27 τ · $5.6K

Hotkey locks Σ

—

Registration lock

0.00 τ

Deregistration standing

Rank #62 in the deregistration queue — the network runs at capacity, so each new subnet registration removes the rank-1 subnet. Ranked by the chain's own EMA price, immune subnets excluded.

Takeover watchcompare every subnet →

A hotkey lock whose matured conviction reaches 18% of eligible α (α staked out, minus protocol-owned and burned α — the threshold in the chain's own code) can claim ownership of the subnet.

No hotkey locks on this subnet.

Account	Kind	Locked α	Value	Conviction α	Matured
5HMtFEQ9…8CCx	coldkey	3,870.54 α	18.27 τ · $5.6K	3,870.54 α	100%
5ELzhHvg…6PCp	owner	3,870.54 α	18.27 τ · $5.6K	3,870.54 α	100%

Why the price moved · last 24h

0.004752 τ → 0.004720 τ (-0.657%)

Trading-40.675 τ and +8,609.583 α through the pool from indexed fills-0.64%
Emission+0.0000 τ injected, +0.0000 α minted into the pool+0.00%
Unexplainedcauses we cannot name from what we index-0.01%

Each line is the price move that cause alone would have produced. They compose to the net move above (multiplicatively, which is why they need not sum to it), and a cause can exceed the net when another pushed the other way. The price is exactly the pool ratio, so this is a complete decomposition — no modelling, no fitting.

Deregistration risk

Rank #62 in the queue. The network is at capacity (128), so each new subnet registration dissolves rank 1 — 62 registrations would reach this one.

Cost to kill rank 1

509 τ

After next halving

254 τ

P(dereg) 30d

0.0%

P(dereg) 90d

0.0%

From 0.12 registrations/day observed over 25.5 days of indexed blocks, as a Poisson arrival process against this subnet's queue position. The registration cost halves every 115,200 blocks.

Conviction maturity curve

What a perpetual lock of 1,000 α becomes over time on this subnet. The shape is identical at any size — scale it to your own amount. Conviction matures on a 30-day half-life; a decaying lock's stake also unwinds on a 90-day one.

After	Conviction	Matured	Of takeover
today	0.0 α	0.0%	0.000%
7 d	149.3 α	14.9%	0.042%
30 d	500.0 α	50.0%	0.142%
90 d	875.0 α	87.5%	0.249%
180 d	984.4 α	98.4%	0.280%
365 d	999.8 α	100.0%	0.284%

Projected with the chain's own maturity maths (rates read live: unlock 934,866 blocks, maturity 311,622), not an approximation.

☆Compute HordeSN12 · Bittensor subnet

Compute HordeSN12 · Bittensor subnet