Update README.md

README.md

@@ -4,4 +4,14 @@ datasets:
 - tiiuae/falcon-refinedweb
 ---
 
-This model was trained for Bittensor's pretraining subnet (https://github.com/RaoFoundation/pretraining) and, as of March 9th 2024, is the top model.
+This model was trained for Bittensor's pretraining subnet (https://github.com/RaoFoundation/pretraining) and, as of March 9th 2024, is the top model.
+
+Bittensor subnet 9 rewards miners for producing pretrained Foundation-Models on the Falcon Refined Web dataset. It acts like a continuous benchmark whereby miners are rewarded for attaining the best losses on randomly sampled pages of Falcon given a consistent model architecture. The reward mechanism works as follows:
+
+1. Miners train and periodically publish models to hugging face and commit the metadata for that model to the Bittensor chain.
+2. Validators download the models from hugging face for each miner based on the Bittensor chain metadata and continuously evaluate them, setting weights based on the performance of each model against the Falcon dataset. They also log results to [wandb](https://wandb.ai/opentensor-dev/pretraining-subnet).
+3. The Bittensor chain aggregates weights from all active validators using Yuma Consensus to determine the proportion of TAO emission rewarded to miners and validators.
+
+Bittensor hosts multiple incentive mechanism through which miners are evaluated by validators for performing actions well. Validators perform the process of evaluation and 'set weights', which are transactions into Bittensor's blockchain. Each incentive mechanism in Bittensor is called a 'subnet' and has an identifier (This particular mechanism has subnet uid 9). Weights and the amount of TAO held by the validators become inputs to Bittensor's consensus mechanism called Yuma Consensus. YC drives validators towards a consensus, agreement about the value of the work done by miners. The miners with the highest agreed upon scores are minted TAO, the network digital currency.
+
+Miners within this subnet are evaluated based on the number of times the model they have hosted has a lower loss than another model on the network when randomly sampling from the near infinite Falcon Refined Web pretraining dataset. To perform well, miners must attain the lowest loss on the largest number of random batches. Finding the best model and delta at the earliest block ensures the most incentive.