Quantum ComputeSN48 · Bittensor subnet

0.003993 τ$1.23

24H -0.45%7D -2.42%APR 32.8%

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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.

Quantum Computing

SN48, Quantum Compute (α token ק), 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 0.003993 τ (≈ $1.23), against 10,461 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 32.8% APR, emissions add 0.000299 τ to the pool each block, epochs run every 360 blocks. It was registered at block #3,856,677.

The complete guide to SN48 Quantum Compute — every figure explained →

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

Website ↗GitHub ↗Discord ↗

Price

0.003993 τ

APR

32.8%

TAO in pool

10,461 τ

α in pool

2,619,673 α

EMA price

0.003991 τ

α staked out

3,271,975 α

Vol 24h (indexed)

102.16 τ

Emission / block

0.000299 τ

Owner: 5GNH5YMkcX8jEF1PukvxKafifcqz13jp18BT73jRL3AZc4Rc
Registered: block 3,856,677
Tempo: 360 blocks / epoch
Swap fee: 0.050% (chain AMM)

Hyperparameters

Tempo: 360 blk
Immunity: 2,000 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: 50
κ (kappa): 32767
ρ (rho): 10

Top 64 UIDs by reward
UID	Hotkey	Coldkey	Role	Stake α	Consensus	Incentive	Dividend	Emission	Axon	Reg. block
141	5EZ52JMq…7kR8	5F4mgd…wBQX	validator	1,835,998	0.0%	0.0%	70.2%	103.592 α	46.62.129.68:8091	#7,277,692
22	5DGAkpbg…LuGcinactive	5EjZ5i…aJbh	validator	14,619	47.2%	47.2%	0.0%	69.604 α	77.42.69.206:9094	#6,774,495
206	5GZF6taz…DU54inactive	5EjZ5i…aJbh	validator	18,581	29.9%	30.0%	0.0%	44.217 α	77.42.69.206:9092	#6,774,438
57	5E2LP6En…eZ5u	5GsbTg…pZX9	validator	221,375	0.0%	0.0%	13.4%	19.722 α	—	#6,665,462
255	5CXkLYCA…TaPRinactive	5EjZ5i…aJbh	validator	5,621	10.7%	10.7%	0.0%	15.822 α	77.42.69.206:9093	#6,774,494
133	5FeKLcVg…oVao	5E9fVY…Yc5p	validator	140,352	0.0%	0.0%	8.2%	12.166 α	34.136.178.221:8091	#6,217,097
10	5F7SXJdP…itKHinactive	5EjZ5i…aJbh	validator	10,950	6.7%	6.8%	0.0%	9.970 α	77.42.69.206:9091	#6,774,437
146	5FH19r4S…PW6Sinactive	5EjZ5i…aJbh	validator	4,592	4.4%	4.4%	0.0%	6.507 α	77.42.69.206:9096	#7,524,060
232	5CX7hJX4…r2VN	5EBuUX…Z8Ff	validator	105,930	0.0%	0.0%	3.5%	5.173 α	—	#7,629,162
115	5CsvRJXu…2zVp	5EJAqc…YzX2	validator	36,539	0.0%	0.0%	2.0%	2.916 α	—	#6,694,284
230	5CFKbodp…k1Qeinactive	5EjZ5i…aJbh	miner	695	1.0%	1.0%	0.0%	1.479 α	77.42.69.206:9095	#7,524,049
111	5CPdzg3i…Xs48	5Fuzgv…krzo	validator	16,953	0.0%	0.0%	0.9%	1.270 α	192.150.253.122:8091	#6,218,516
216	5DnziEMK…SL48	5GW9X8…jovV	validator	709	0.0%	0.0%	0.7%	1.035 α	167.150.153.48:8091	#8,725,962
235	5FeKsRjZ…9DGg	5GhATB…aWK8	validator	13,255	0.0%	0.0%	0.4%	0.579 α	—	#8,683,202
17	5G9hfkx9…wrc5	5Ek8i6…t33f	validator	3,215	0.0%	0.0%	0.4%	0.571 α	—	#6,655,296
205	5DqctMkK…UiQB	5EnXts…FCGK	validator	2,360	0.0%	0.0%	0.2%	0.258 α	—	#8,560,512
136	5C7U4Wyx…8MUV	5CqsgE…XMUV	validator	1,620	0.0%	0.0%	0.1%	0.183 α	—	#6,220,955
129	5FLoWCDo…Rv8m	5EnXts…FCGK	validator	1,367	0.0%	0.0%	0.1%	0.135 α	—	#6,724,447
19	5HBWquKx…yNWQinactive	5GuMiH…QXB2	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,829,948
20	5HBKyxHr…iJMfinactive	5EHfJT…QQVk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,574,400
21	5Gxqobb9…m3fyinactive	5DWh3D…MEwS	miner	0	0.0%	0.0%	0.0%	0.000 α	34.14.12.76:6210	#7,990,234
23	5G9Bjn5w…1mjFinactive	5HVwxV…neFZ	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#8,270,641
24	5EvcdT4C…fy4ginactive	5DjkZR…jUr6	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,630,122
25	5DvV6C8S…Tcytinactive	5GReyG…p4Bm	miner	0	0.0%	0.0%	0.0%	0.000 α	93.127.141.19:8091	#8,693,082
26	5GgrHUuC…Jbbginactive	5EPbiG…ryLw	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,611,097
27	5Gecjnm3…GSJsinactive	5GTFms…d3MZ	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,606,719
28	5ECvwy45…KMPtinactive	5EHfJT…QQVk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,572,599
29	5Gq4dRsY…ypTeinactive	5GTFms…d3MZ	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,607,441
30	5DPDLpbH…snM5inactive	5G9A3r…diK7	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,504,199
31	5EciyhWY…Ucy9inactive	5GTFms…d3MZ	miner	296	0.0%	0.0%	0.0%	0.000 α	—	#6,602,399
32	5Dkh2VLi…FsDZinactive	5HNi9U…Kpxf	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,814,473
33	5EZpY6kM…bHqKinactive	5Ei4nY…uW72	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,631,202
34	5D2Qc9ud…43chinactive	5GNH5Y…c4Rc	validator	24,533	0.0%	0.0%	0.0%	0.000 α	—	#4,920,350
35	5HdmkgmV…DTTCinactive	5DAhsm…tBah	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,633,359
36	5DJnndUy…5yyainactive	5FHxxe…GpSs	miner	115	0.0%	0.0%	0.0%	0.000 α	—	#6,772,095
37	5FsBC96f…mSF6inactive	5EHfJT…QQVk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,572,240
38	5H6XVYkj…Qrciinactive	5GBt5b…qKXE	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,814,476
39	5GrtPYks…5Ywhinactive	5G9A3r…diK7	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,503,479
40	5GpZwKJX…XwcMinactive	5GTFms…d3MZ	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,603,840
41	5CqQ4De4…Feg8inactive	5DjkZR…jUr6	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,669,414
42	5HpQJT1B…yJg7inactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,621,919
43	5GNv8AFi…jZVHinactive	5HZ3ZS…FUTk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,620,763
44	5GCGsoL6…A1mJinactive	5CPBuW…gbGH	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,612,480
45	5FbKspVZ…tYHwinactive	5EHfJT…QQVk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,577,279
46	5EL99wmB…t2P1inactive	5EHfJT…QQVk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,572,598
47	5DhhCoXW…ukTYinactive	5HZ3ZS…FUTk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,621,119
48	5EnFVNxe…SLMXinactive	5EHfJT…QQVk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,576,558
0	5Gy4Rajj…YUxninactive	5Cf2TT…afJQ	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,618,962
1	5HRAXuvA…7Yw3inactive	5Fgn2n…UY7r	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,601,773
2	5FsogGNm…ycevinactive	5HWape…YECA	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,578,384
3	5G6sWKk8…pjhCinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,622,278
4	5Fvb6iZU…w6ZHinactive	5GTFms…d3MZ	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,605,281
5	5EFK5Wk5…uW6Uinactive	5GnGsY…QzKz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,586,648
6	5FNm4DWE…uTCCinactive	5EXEi1…PZJS	miner	0	0.0%	0.0%	0.0%	0.000 α	91.182.113.11:8094	#7,059,916
7	5HfwAWUm…PaLvinactive	5DjkZR…jUr6	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,669,410
8	5HNLr7dm…wvqginactive	5CPBuW…gbGH	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,611,403
9	5Hgk4UnV…qQsJinactive	5GsPcS…RdxW	miner	0	0.0%	0.0%	0.0%	0.000 α	86.38.238.19:8091	#6,848,684
11	5Dy5rUkN…4AkFinactive	5ETqRj…67wr	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,622,279
12	5D2Ga8NE…uD1ainactive	5EHfJT…QQVk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,576,560
13	5EqMXiiq…89Qyinactive	5GnGsY…QzKz	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,586,644
14	5FCpWH2z…PRghinactive	5GE7Dx…9tao	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,814,305
15	5DU6mzdD…GHvYinactive	5HZ3ZS…FUTk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#6,618,960
16	5HNJE5pX…ASxxinactive	5EHfJT…QQVk	miner	0	0.0%	0.0%	0.0%	0.000 α	—	#7,577,280
18	5GWgPdXC…Fgh1inactive	5FyK7W…R7f8	miner	0	0.0%	0.0%	0.0%	0.000 α	93.206.132.113:8777	#8,105,444

Child keys (87)

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→5C7U4Wyx…8MUV100.0%

5CAQAgXx…7FmJ→5EZ52JMq…7kR8100.0%

5CBDhkBx…8S3A→5G1NjW9Y…nChe100.0%

5CSAGuiJ…a4t1→5DvDypN8…diFp100.0%

5CUysqNg…ws6B→5G1NjW9Y…nChe100.0%

5CV93B17…fQF2→5EZ52JMq…7kR8100.0%

5Ckaoft1…uUes→5EZ52JMq…7kR8100.0%

5CoZxgtf…bifj→5EZ52JMq…7kR8100.0%

5CqRMuYS…b9Ed→5EZ52JMq…7kR8100.0%

5CszMVts…gMUV→5C7U4Wyx…8MUV100.0%

5CzFiYvB…gZ3J→5CX7hJX4…r2VN100.0%

5D4gEn5S…kZ4f→5DvDypN8…diFp100.0%

5D4oo3Z5…rWSj→5G1NjW9Y…nChe100.0%

5DD6hMnC…P3KL→5GKH9FPP…TrP1100.0%

5DUuFhF4…k2GU→5EZ52JMq…7kR8100.0%

5DXdHixx…L1S1→5FeKLcVg…oVao100.0%

5Dd8gaRN…GrWv→5EZ52JMq…7kR8100.0%

5Deo9Q3S…zD9Y→5EZ52JMq…7kR8100.0%

5DjtmV76…T4Kd→5EZ52JMq…7kR8100.0%

5DkFEQdE…M7Fn→5EZ52JMq…7kR8100.0%

5DvDypN8…diFp→5EZ52JMq…7kR8100.0%

5DvTpini…N2ed→5E2LP6En…eZ5u100.0%

5E4z3h9y…ULde→5EZ52JMq…7kR8100.0%

5EAdPk76…pYDc→5EZ52JMq…7kR8100.0%

5EByfpgR…JWs4→5EZ52JMq…7kR8100.0%

5ELREhAp…qwVh→5CX7hJX4…r2VN100.0%

5EWLgJHB…aVrk→5CsvRJXu…2zVp100.0%

5EqYdsxW…oaUf→5E2LP6En…eZ5u100.0%

5EtUYRu7…tvzs→5E2LP6En…eZ5u100.0%

5F27Eqz2…NvoY→5CPdzg3i…Xs48100.0%

5F7dvCS7…r6LW→5E2LP6En…eZ5u100.0%

5FBqnTwn…4WUw→5DvDypN8…diFp100.0%

5FFM6Nvv…UWgt→5EZ52JMq…7kR8100.0%

5FFSBkNi…VR86→5G9hfkx9…wrc5100.0%

5FWB5CFZ…jkg5→5E2LP6En…eZ5u100.0%

5FnGPRV7…MVZZ→5G9hfkx9…wrc5100.0%

5Fppap6W…MEjv→5E2LP6En…eZ5u100.0%

5FsGZaVP…RZQC→5FtBncJv…izzo100.0%

5Ft5kRgK…PTih→5DvDypN8…diFp100.0%

5FtBncJv…izzo→5CPdzg3i…Xs48100.0%

…and 47 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

1,523

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, 4:53:59 PM.

#	Coldkey	Alpha	Value	Share
1	5GNH5YMk…c4Rc	774,948 α	3,095 τ · $954.2K	32.79%
2	5EjZ5iu2…aJbh	567,613 α	2,267 τ · $698.9K	24.02%
3	5ES3hJdb…7VjF	127,277 α	508.26 τ · $156.7K	5.39%
4	5HMtFEQ9…8CCx	121,326 α	484.49 τ · $149.4K	5.13%
5	5HfAkikp…Uwia	72,750 α	290.51 τ · $89.6K	3.08%
6	5EBuUXD6…Z8Ff	33,872 α	135.26 τ · $41.7K	1.43%
7	5FNM2TdF…Mokm	32,522 α	129.87 τ · $40.0K	1.38%
8	5GEczqHd…QVSY	27,334 α	109.15 τ · $33.7K	1.16%
9	5F4mgdME…wBQX	26,251 α	104.83 τ · $32.3K	1.11%
10	5G8urHVe…o9mM	21,229 α	84.77 τ · $26.1K	0.90%
11	5GCGQdSP…wMzy	20,002 α	79.87 τ · $24.6K	0.85%
12	5GCPQtG8…dPU5	16,202 α	64.70 τ · $19.9K	0.69%
13	5GJR33Xy…FvRE	13,086 α	52.26 τ · $16.1K	0.55%
14	5E8tjoCV…xaar	12,221 α	48.80 τ · $15.0K	0.52%
15	5HJ7Kmmo…baqC	11,577 α	46.23 τ · $14.3K	0.49%
16	5DoJ71Ar…Hog1	11,300 α	45.12 τ · $13.9K	0.48%
17	5GBmsQcw…8GRE	10,948 α	43.72 τ · $13.5K	0.46%
18	5H27Dmpw…3Qr7	10,488 α	41.88 τ · $12.9K	0.44%
19	5FYx8M24…oNNC	10,002 α	39.94 τ · $12.3K	0.42%
20	5C7cTfd3…zPmv	9,562 α	38.18 τ · $11.8K	0.40%
21	5DzJFUsA…iSHS	9,354 α	37.35 τ · $11.5K	0.40%
22	5EYCAe5j…tp7s	8,900 α	35.54 τ · $11.0K	0.38%
23	5GHg6ASH…jwWR	8,886 α	35.49 τ · $10.9K	0.38%
24	5EwCxRzZ…f6VB	8,836 α	35.28 τ · $10.9K	0.37%
25	5FYs6dFi…eCSD	8,599 α	34.34 τ · $10.6K	0.36%
26	5G4529T3…7EpB	8,543 α	34.12 τ · $10.5K	0.36%
27	5HNowwym…NkZd	8,410 α	33.58 τ · $10.4K	0.36%
28	5D5S2wsV…5QsR	8,341 α	33.31 τ · $10.3K	0.35%
29	5FnjDPuz…xajP	7,920 α	31.63 τ · $9.8K	0.34%
30	5DyBezgy…ZFLR	7,758 α	30.98 τ · $9.6K	0.33%
31	5CerKrvp…sZ2x	7,558 α	30.18 τ · $9.3K	0.32%
32	5ES84rfz…QM4w	7,501 α	29.95 τ · $9.2K	0.32%
33	5Fe7EucT…aLtc	7,217 α	28.82 τ · $8.9K	0.31%
34	5GNAZz4s…MwMm	5,380 α	21.48 τ · $6.6K	0.23%
35	5HK45QZL…RPTk	5,272 α	21.05 τ · $6.5K	0.22%
36	5EkMm4mp…ek3D	5,169 α	20.64 τ · $6.4K	0.22%
37	5Ci1DAqD…pxAV	5,164 α	20.62 τ · $6.4K	0.22%
38	5GuJG6oa…Z4jV	5,151 α	20.57 τ · $6.3K	0.22%
39	5GCayQvg…Eo7a	5,136 α	20.51 τ · $6.3K	0.22%
40	5HQftMAn…4bDN	5,135 α	20.51 τ · $6.3K	0.22%
41	5D6rga8Z…H6gQ	5,101 α	20.37 τ · $6.3K	0.22%
42	5DtYRLWY…BwuB	5,043 α	20.14 τ · $6.2K	0.21%
43	5CUinZxG…yqyK	4,947 α	19.76 τ · $6.1K	0.21%
44	5HYYMyRX…mndg	4,856 α	19.39 τ · $6.0K	0.21%
45	5EXFjXe5…voH8	4,677 α	18.68 τ · $5.8K	0.20%
46	5EhyiB1n…YLHy	4,521 α	18.05 τ · $5.6K	0.19%
47	5CeyBUt2…iYUs	4,459 α	17.81 τ · $5.5K	0.19%
48	5DRUndK5…vWt7	4,337 α	17.32 τ · $5.3K	0.18%
49	5FscRcR9…qdzp	4,337 α	17.32 τ · $5.3K	0.18%
50	5GzfkTD7…MTpC	4,316 α	17.23 τ · $5.3K	0.18%

Owner lock

101,863 α

≈ 406.77 τ · $125.4K

Owner conviction

101,863 α

≈ 406.77 τ · $125.4K

Hotkey locks Σ

—

Registration lock

0.00 τ

Deregistration standing

Rank #46 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	101,862.56 α	406.77 τ · $125.4K	101,862.56 α	100%
5GNH5YMk…c4Rc	owner	101,862.56 α	406.77 τ · $125.4K	101,862.56 α	100%

Why the price moved · last 24h

0.004011 τ → 0.003993 τ (-0.449%)

Trading-22.934 τ and +5,734.861 α through the pool from indexed fills-0.44%
Emission+2.0417 τ injected, +508.9838 α minted into the pool−<0.01%
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 #46 in the queue. The network is at capacity (128), so each new subnet registration dissolves rank 1 — 46 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 25.4 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%	0.034%
30 d	500.0 α	50.0%	0.112%
90 d	875.0 α	87.5%	0.196%
180 d	984.4 α	98.4%	0.221%
365 d	999.8 α	100.0%	0.224%

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

☆Quantum ComputeSN48 · Bittensor subnet

Quantum ComputeSN48 · Bittensor subnet