TaoHash Subnet 14 Upgrade

Recent News

Over the past three months, Subnet 14 has been making waves. In early May 2025, the project bootstrapped approximately 6 EH/s (equivalent to 0.7% of the network) with zero capex, effectively positioning itself as a perpetual futures market for hashrate. This milestone was highlighted in a detailed analysis by Messari, underscoring the project's innovative approach to tokenizing hashrate into a live-traded "alpha" token. Additionally, the community has been buzzing about the upcoming TIDES share valuation algorithm, which will support scaling up hashrate and optimize reward distribution. These developments have set the stage for the July upgrade, with miners and validators eagerly anticipating the changes.

Future Plans

Looking ahead, Subnet 14 has ambitious plans to further evolve its ecosystem. Within the next two weeks following the upgrade, the project aims to implement the TIDES algorithm, which will allow for less frequent but more significant Bitcoin payouts as the hashrate scales up. Moreover, a smart contract is in progress to transform the subnet into a decentralized hashrate rental market, potentially increasing revenue and enabling more frequent payouts to miners. These initiatives are part of a broader roadmap that includes running its own solo-pool, routing multi-coin hash, and selling block-space priority fees, all aimed at undercutting traditional FPPS fees and funneling extra revenue into alpha demand.

Onchain Data

While specific onchain metrics for Subnet 14 are not publicly available at this time, the project's recent activity suggests a robust increase in transaction volume and wallet activity. The transition to a centralized pool model and the direct Bitcoin payouts are expected to generate significant onchain movement, particularly in terms of reward distribution and miner participation. As the upgrade approaches, monitoring platforms like Dune Analytics or Glassnode may provide insights into these metrics, but for now, the focus remains on the anticipated impact on the subnet's operational efficiency.

Community Sentiment

The sentiment on X (formerly Twitter) has been overwhelmingly positive, with users like @Bittensir and @Dr_Crypto_Lewis expressing excitement about the upgrade's potential to benefit miner. Influencers and community members have praised the move towards decentralized rewards and the reduction in mining overhead, with some suggesting further innovations like burning emissions to enhance adoption. However, there is also cautious optimism, with discussions around the risks of centralization and the need for transparent payout mechanisms. Overall, the community appears supportive, with many anticipating a significant boost to Subnet 14's ecosystem.

Risk Disclaimer

While the upgrade promises substantial benefits, investors should be aware of potential risks, including the centralization of the pool model and the dependency on the TIDES algorithm's success. As with any crypto project, volatility and operational challenges could arise. Always conduct your own research and consider the project's roadmap and community feedback before making decisions.