Full disclosure, subnet 110 @green_compute_ is one of my babies, and so I'm very bullish on it and heavily invested in it. But don't let this detract from the great qualities it has and the big problems it's plugging... People focus on the compute and the green side, but to me, it's not the core reason why I think it's a great subnet. It's the key PROBLEM it solves that I like. PROBLEM Farms all over the world that have green energy generators (wind, solar, anaerobic digestors etc) have to dump half or more of the energy they produce into the ground. Simply because in most countries, the national grid or local transformers simply can't handle the load. I was oblivious to this. This is needless wasted energy, and as a result, when a farmer puts up an installation, the breakeven time is typically 12 years! And if the Government suddenly decides to reduce the Feed In Tariff (which is has done), then their break even is longer... SOLUTION Josh (founder of Green Compute (who's been selling compute rigs for 10 years)) approaches farmers with green energy and tries to SELL them £250k-£3m worth of AI compute rigs! Sounds counter-intuitive as the farmer is already millions deep, but he shows them that they can earn many multiples more £ per kwh than what they get from the Government. He can get the farmer more, because Josh has enterprise contracts from universities and film studios that pay handsomely for reliable and steady commercial compute with 1gb up/down internet speeds, same cards, no downtime etc etc. It's these peripheral needs that are often overlooked by many compute providers. So the farmer does the maths and realises that by buying rigs from Josh, the farmer breakeven date goes from 12 years down to 4-5 years. SUMMARY 1.) Farmer has green energy and buys rigs from Josh. Josh's company makes a nice margin on those rigs. This enables him to cover staff salaries and all OPEX (so he never needs to sell 110 alpha to run the biz). 2.) The old farmers (who have no interest in crypto) are onboarded as SN110 miners and their AI compute is pointed at the subnet. Josh then goes out and gets enterprise contracts. Many contracts with universities and video studios are steady long term contracts and like the fact that his compute is predominantly RTX 5090s and some 4090s. 3.) The farmers just let their miner wallets accumulate SN110 alpha as they are unlike normal compute miners that have to sell down every day to pay electricity costs. 4.) The farmers are in this for many years. So the only downside I see is that when the farmer is finally breakeven from their green energy and AI compute installations in 4-7 years, they may choose to liquidate some of their 110 alpha. But in the meantime, because there isn't onerous miner sell side, the 110 chart should be comparatively stable compared to other compute subnets. 5.) This picture is from the 110 x profile and also shows another aspect of the business. It's a full infrastructure set up. Not just random GPUs all over the place. People forget about the energy, the cabling, the cooling the human tech support for farmers and more. 6.) Also it's Permanent Compute for Bittensor. Not mercenarial compute that comes and goes to the highest bidder. Josh is laying down literally millions in compute that is solely being used for Bittensor. It all has green energy which is stable power, 1gb up/down internet speeds, same CPUs, RAM and networking and is exactly what Bittensor needs. Permanent compute. So expect to see SN110 start to work with many other subnets for training runs and more... 7.) It's a comfy long term hold for me. Josh has been in this rig/compute industry longer than anyone in Bittensor, he's fully doxxed, lives up in Manchester, UK and is super hungry to make SN110 into the top ten. I've known Josh for about 10 years now, and he's like a rabid dog with a bone when trying to achieve something, so I'm sure he will!

This is a much bigger deal than people think. It's going to give AdTAO a distinctly unfair advantage in running campaigns for companies compared to ANY PPC agency on the planet. Top work Rob and the SN21 miners!