This is our fifteenth post in the Infinity Hash Semanal Update series for November 13th, 2023.

This week we have seen a significant increase in profits, total hashrate and share price. Due to unusually high traffic, we have had to use most of our development capacity to migrate our infrastructure to larger servers.

Siempre puede obtener una visión completa de las tablas y números en la Página de Actualizaciones Semanales.

Actualizaciones del proyecto

Infinity Hash en números

This week we experienced another jump in average Bitcoin prices which resulted in significantly increased rewards and, in combination with the final share price calculation going online, contributed to a sharp rise in share price. These are the numbers for week 45, 2023 from 2023-11-06 al 2023-11-12.

MétricoDatos actualesCambio
Total de mineros66 Miners+ 4 Miners
Hashrate total8.19 PH/s+ 0.63 PH/s
Total de Acciones154,566 Shares+ 4,975 Shares
Precio de Acción$ 1.90+ 88.11 %
Recompensas generadas0.1152 BTC+ 26.03 %
Reinvertido1110 USDT+ 340 USDT
Electricidad pagada1898 USDT+ 278 USDT
Infinity Hash’s metrics for the week ending November 12, 2023 – compared to the week before

Variable profits and the impact of network fees

This week we had a few questions about fluctuating profits and profit spikes, and we wanted to go into more detail about the effect of network fees on mining profits.

Profit variation based on network fees
Screenshot from the ViaBTC earnings page. Scroll down to the next image to see how to get there.

In the screenshot above you can see that we had a spike in profits on the 10th of November (left number circled in red). This was due to unusually high transaction fees on the Bitcoin network that day. Fee income is an additional source of income for Bitcoin miners, where people who want to send Bitcoin bid to have their transaction included in the next mined block by increasing their transaction fees. These fee earnings are listed in the “PPLNS Profit” column and show an almost 4x increase for the 10th (right number circled in red).

If we don’t take into account the amount of profit we’ve made from fees, we can see that the pure mining rewards are steadily increasing based on hashrate, as can be observed in the older, lower entries marked in yellow compared to the newer entries marked in green. You can check current block fees on sites like mempool.space.

Where to find the earnings overview on ViaBTC
Where to find the earnings overview on our public ViaBTC Pool page

Minero y Actualizaciones de la Granja

This week we added 4 new miners, increasing the community pool hash rate by 454 TH.

ModelHashrateSourceWorkder ID
Whatsminer M50112 THReinvestIH063
Whatsminer M50112 THShare saleIH064
Whatsminer M50112 THShare saleIH065
Whatsminer M50118 THShare saleIH066
New Miners added to Infinity Hash from 2023-11-06 to 2023-11-12

Maintenance and Downtimes

This week, we experienced no major downtime or power outages, resulting in an uptime of approximately 99%. Although the uptime of the mining farm was basically 100% and the backend was also uninterrupted, we experienced unnaturally high loads on most of the public facing servers, including the dashboard, blog and our landing pages. This resulted in these services being down for several days.

Sudden load increase on the IH blog on Novermber 12th 2023
Screenshot of the CPU load on the server hosting the landing pages and the blog on Novermber 12th

To avoid such problems in the future, we have moved each service to its own server and increased our infrastructure capacity approximately 10x. If you experience problems accessing different sites or domains, please restart your browser (or clear your DNS cache), as some IP addresses have changed during the migration to new servers.

Anuncios

As we’ve been busy migrating our infrastructure to larger servers, we haven’t yet been able to provide the public share price calculator. This is going to be our next step and will be online soon. The share price calculator will also include a detailed explanation and description of how and why everything is calculated to keep future prices transparent and allow community members to estimate potential future prices based on different mining conditions and Bitcoin price.

Enlances y Perspectiva

Infinity Hash Articles and Socials

We have added a detailed how-to to the affiliate page explaining how to use any blog content and our landing pages for the affiliate system. The how-to is available here.

How to use ref-link targets
How to use landing pages and blog content with the affiliate system (link targeting)

Transparencia

  • ViaBTC Pool: Get a complete and transparent overview of the Infinity Hash mining pool.
  • ViaBTC Workers: A detailed live list of all miners in the Infinity Hash pool, including their current status
  • Reinvest Wallet: The reinvest wallet where 50% of all profits are sent to buy new miners for the community. You can see incoming reinvest transactions under “Transfers” in the form of incoming USDT transactions. The wallet address is: TMaymjtdjGkS7n2uHbGQX2emznyD6pZVx4
  • Electricity Wallet: The electricity wallet is used to pay all electricity costs for the Infinity Hash Pool. As with the Reinvest wallet, you will find all incoming USDT transactions under “Transfers”. The wallet address is: TBy6NqQRUUQetSA8yeNgDBs6mh43hmcSm5

Perspectiva y Previsión de Minería

With four new miners in the pool, we should have another great week of stable profits. Returns may vary a bit depending on Bitcoin prices this week.

Weather conditions

This week’s weather should be even colder than last week’s, with an average forecast of -3.0°C / 26.6°F. This will boost profits as the cooling conditions will be further improved.


As always, it has been a pleasure to provide you with the latest information on the Infinity Hash project. We wish our community a great week and happy mining together!

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