Explore every episode of the podcast Revenue Search: Inside Bittensor

Siam and Mark are back for a deep dive into how DSV actually trades subnets.

We cover:

• Why the TAO halving has quietly moved forward (and what that changes)
• How Siam maps alpha price ceilings using emissions math
• Why most subnets bleed before they moon - and how to time entries
• The tools and metrics DSV uses to scout new opportunities
• Siam’s take on “glass ceilings,” Goldilocks zones, and high EV bands
• And how DSV balances long-term strategic OTC plays with short-term alpha trades

This one’s a masterclass in Bittensor subnet trading - from a fund that lives and breathes it.

Grab a notepad. Maybe two.

Follow @siamkidd and @markcreaser on X for more.

In this Subnet Session, we reunite with Max from Score - our very first OTC play at DSV - to unpack how SN44 is turning raw sports footage into high-value intelligence.

We cover:

• Why data annotation is the hidden goldmine of video AI
• How Score landed a $150K/month client – and cut their costs by 90%
• Their upcoming revenue share deal with a $5B sports hedge fund

• Why real-world revenue trumps emissions
• How they’re building Vision-as-a-Service beyond football
• And their bold plans for aggressive alpha buybacks (plus potential burns and DAO reserves)

This one’s packed. Real revenue, real customers, and a killer product.

James Woodman from Targon (Subnet 4) joins us to explain how they’ve built BitTensor’s most revenue-generating subnet - already doing $100K+ ARR, backed by real users and real payments.

We cover:

• How Subnet 4 aggregates $70M+ of NVIDIA-certified compute
• Why they return 100% of revenue to alpha holders via rolling buybacks
• What trusted execution environments (TEEs) are - and why they matter
• Why speculative emissions aren’t sustainable
• How they’re targeting privacy-focused clients, from AI startups to defence firms
• And what it’ll take to hit their bold goal of $4M/month in revenue

If you want to understand what serious revenue on BitTensor looks like - this is the one to tune in to.

In this episode, we sit down with Oli and Oscar from Red Team, the BitTensor subnet tackling one of GenAI’s biggest threats: synthetic fraud.

Their London-based cybersecurity firm Innerworks already protects major payment platforms and crypto exchanges. But now, with Subnet 61, they’ve built a decentralized R&D engine that uses BitTensor miners to stress-test their own defences - crowdsourcing attacks to stay ahead of adversaries.

We dig into:

• What Red Team actually does (in human language)
• Why AI-powered fraud is exploding - and how SN61 spots it in real time
• The genius way they use miners to simulate attacks before they hit the wild
• How they price and sell the product as a high-margin SaaS play
• Whether this is an “extractive” subnet or not

In this Subnet Session, we’re joined by Mike Bunting - CFO of Macrocosmos and architect of Subnet 13: Data Universe, the largest open-source social media dataset on the planet.

We explore:

• Why they’ve already scraped over 55 billion posts (and counting)
• How SN13 turns raw social data into revenue, insight, and alpha
• Who’s buying the data and why it matters for hedge funds, consumer brands, and subnets alike
• The future of metadata, visualisation, and turning big data into usable products
• How Subnet 13 could power everything from brand tracking to AI training to prediction markets

Whether you’re staking, building, or just curious about real-world utility in Bittensor - this one’s a must-listen.

In this Subnet Session, we’re joined by Wandering Weights - aka Chris - the quietly brilliant mind behind Gradients (SN56).

We talk about how Gradients is flipping the post-training market on its head:

• $250 fine-tuned LLMs that rival $10K AWS jobs
• A roadmap to 5.0 and enterprise-grade privacy
• Why replacing 5 ML engineers with one isn’t dystopian - it’s profitable
• And how 3,000 early users are already generating real-world revenue

If you’ve ever trained a model, hired an ML team, or cursed at AutoML’s pricing - this one’s for you.

In this Subnet Session, we chat with Mikel and Mentor Palokaj — co-founders of TPN (SN65) — a privacy-first VPN built on Bittensor.

TPN isn’t just another Nord clone. It’s a decentralized network of nodes that rewards miners for operating in hard-to-reach locations like Iran or Pyongyang, enabling true global coverage and resilience against censorship.

We cover:

– Why VPNs are a natural fit for Bitensor’s incentive model

– How TPN makes surveillance harder and logging obsolete

– Their “AWS for VPNs” vision, open dev tooling, and upcoming consumer app

– And how API fees will flow straight into alpha buybacks

If you think VPNs are boring, this one might change your mind.

In this Subnet Session, we sit down with James from Synth (SN50) - a predictive modeling subnet that’s quietly becoming Bittensor’s financial backbone.

Synth isn’t about calling prices - it’s about modeling volatility. James walks us through how hundreds of miners generate millions of synthetic price paths for BTC, ETH, and soon gold, and how that data is being used in DeFi protocols, hedge fund strategies, risk models, and trading agents.

We cover:

• Why volatility matters more than price

• How Synth outperforms industry benchmarks by 30%

• The roadmap for fiat revenue and alpha buybacks

• And why recruiting elite data scientists is Bittensor’s next frontier

If you’re betting on decentralized finance, intelligence, and infrastructure - this one’s for you.

In this Subnet Session, we talk with Michaela Bazo, CEO of Metanova (SN85) — the first decentralized drug screening platform on Bittensor.

We dig into how Metanova is reshaping pharma’s $2.6B, 10-year funnel with a token-incentivized AI network that screens molecules faster, cheaper, and with real novelty. We cover everything from miner incentives to big pharma partnerships, behavioral drugs to decentralized R&D, and why alpha-backed screening might become biotech’s new backbone.

If you’re into deep tech, biotech disruption, or trillion-dollar TAMs — this one’s essential.

Gareth Howes has spent 25 years behind the scenes of broadcast and streaming – but now he’s building a subnet.

In this Subnet Session, we sit down with Gareth to explore Subnet 85 - Vidaio - Bittensor’s first and only video processing subnet. He breaks down how their AI-enhanced compression and upscaling tech could save platforms like Netflix and Amazon millions, without compromising quality.

We cover:

• Why emerging markets are a massive wedge for Vidaio

• How AI can reduce file sizes by up to 80%

• Why compression, not upscaling, will be their 90% revenue driver

• The roadmap to fiat billing and enterprise partnerships

• And what they plan to do with real-world revenue when it starts flowing

If you’re betting on real-world adoption of Bittensor infrastructure – Vidaio is one to watch.

Chutes is the top subnet on Bittensor - and in this deep dive, co-founder Jon Durbin explains why.

We talk about Chutes as a serverless AI compute platform, how it’s already processing over 100 billion tokens a day, and what early fiat revenue means for long-term sustainability. Jon shares how Trusted Execution Environments (TEE's) will unlock privacy and enterprise adoption, what differentiates Chutes from Coreweave or Together AI, and how they’ve structured token incentives to avoid sell pressure.

In this Subnet Session, we speak with Ksian - the builder behind Subnet 16 (Hashtensor) - about why he’s connecting Bittensor to proof-of-work mining, starting with Kaspa.

We cover how Hashtensor differs from SN14, how it routes 95% of mining rewards directly to miners, and how buybacks and burns are baked into the model.

Plus: future plans to add Bitcoin and Monero, and why Ksian vfr believes lean teams and token utility will win.

In this episode, Mark and Siam unpack Bittensor’s sudden subnet cap - and why it might be the best thing to happen to the network in months.

From emissions to unknown subnets, centralisation FUD to real builder pressure, this is a raw take on what the cap means and what might come next.

In this Subnet Session, we chat with David Fields - co-founder of ReadyAI - aka Subnet 33.

We dig into how Subnet 33 fits inside Bittensor, why infra matters more than hype, and what it takes to create actual utility in a token-incentivized ecosystem.

In this Subnet Session, Mark and Siam interview Ken Jon Miyachi - founder of Bittensor's subnet 34 - Bitmind.

In this opening episode, Mark Creaser and Siam Kidd, the CEO and CIO of DSV Fund, lay out the mission behind Revenue Search and explain why Bittensor needs more than just technical wizardry - it needs economic clarity.

They cover:

• Why most people still don’t “get” Bittensor
• The gap between innovation and monetization
• Why revenue-backed subnets could be the long-term winners
• And how Revenue Search is giving builders a stage to share their plans

If you’re building on Bittensor or betting on its future, this is where the money conversations start.