TaoHash Introduces Direct BTC Payouts and Subnet 14 Upgrade on July 22nd
TaoHash is rolling out a major upgrade to Subnet 14, enabling miners to receive 97.5% of their mining rewards directly in Bitcoin, along with 0.5% in Alpha tokens. The subnet will retain approximately 2% of the total reward value.
This update also includes a shift to a centralized pool model, expected to reduce mining overhead. A validator update is coming soon.
In around two weeks, TaoHash plans to integrate the TIDES share valuation algorithm, facilitating a move to proprietary pool software. BTC payouts will occur less frequently and be tied to block production, while Alpha rewards will remain consistent.
Additionally, a smart contract is in development to support a decentralized hashrate rental market, enabling more frequent payouts and increasing revenue for the subnet.
