This is our 42th post in the Infinity Hash Semanal Update series for May 20, 2024.

This week we added some new miners, finished some important upcoming dashboard updates, launched our 1-year anniversary game, and updated fiat payment methods. Mining profits for Infinity Hash went down a bit with some downtime and share price for IHS going down even though Bitcoin went up.

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

Actualizaciones del proyecto

Infinity Hash en números

Estas son las cifras de week 20, 2024, del 2024-05-13 al 2024-05-19.

MétricoDatos actualesCambio
Total de mineros485 Miners+ 12 Miners
Hashrate total62.23 PH/s+ 0.58 PH/s
Total de Acciones597,367 Shares+ 9027 Shares
Precio de Acción$ 5.23– 7.10 %
Recompensas generadas0.26527827 BTC– 16.28 %
Reinvertido3115 USDT– 225 USDT
Electricidad pagada10877 USDT– 2194 USDT
Infinity Hash’s metrics for the week ending May 19 2024 – compared to the week before

Quick note: We added a new chart with more details on individual shares to the list! We hope you like the information on the actual hashrate and yearly returns in USD per share. The project’s overall APR was added too and nicely shows the temporary dip in returns due to the halving. Over the next weeks we should see it go up again and stabilize around 30% to 40% APR.

Panel de Control y Actualizaciones de Funciones

We got through some major updates for the whole dashboard (design improvements and info-pop-ups), added the statistics page for a better overview to our test system, and are currently finishing testing of the new main page of the dashboard. Our main focus here was making the dashboard more beautiful, easier to understand, more transparent and more informative.

dashboard update 1 - Infinity Hash Weekly Update #42 – May 20

One of the biggest updates will be the better display of rewards, including the actual pool reward, electricity cost, reinvest amount and mining reward for each community member, as well as a SATs mode that enables everyone to display their rewards in BTC (or rather Satoshi, to be precise). The wallet section has also been updated with a SATs mode, as well as removing unnecessary buttons and adding more useful information instead.

dashboard update 2 - Infinity Hash Weekly Update #42 – May 20

Another update that will drop really soon is the reward pools update, which replaces the current reward split feature with more options. We will be sharing more detailed info as soon as it is online, but here is a quick teaser screenshot (yes, the first supported coins will be ETH, SOL and DOGE, with BTC still being the default and USDT support pulled over from the reward split feature):

dashboard update 3 - Infinity Hash Weekly Update #42 – May 20

All three updates are currently in our test system and will be shipped as soon as we confirmed everything works. The statistics page will go live next to make sure everyone has an easy time doing potential tax reports before the different deadlines in different countries hit.

Minero y Actualizaciones de la Granja

This week, we added 12 new miners, increasing the community pool hash rate by 1720 TH.

ModelHashrateSourceWorkder ID
Whatsminer M50120 THShare saleIH473
Whatsminer M50120 THShare saleIH474
Whatsminer M50120 THShare saleIH475
Whatsminer M50120 THShare saleIH476
Whatsminer M50120 THShare saleIH477
Whatsminer M50120 THShare saleIH478
Whatsminer M50120 THShare saleIH479
Whatsminer M60176 THReinvestIH480
Whatsminer M60176 THReinvestIH481
Whatsminer M60176 THReinvestIH482
Whatsminer M60176 THReinvestIH483
Whatsminer M60176 THReinvestIH484
New Miners added to Infinity Hash from 2024-05-13 to 2024-05-19.

Preparing for the construction of a new power line

A new 5MW power line is planned for the farm. This line allows us to accommodate even more containers with new miners. We have already received a cable reel, a complete transformer substation, a transformer and all the necessary equipment for the construction.

Installation of fans in complex transformer substations

Without proper ventilation, the entire system can fail due to overheating in complete transformer substations. Natural ventilation in the form of vents is not sufficient in the summer. That’s why fans are installed on every CTS (complex transformer substation).

Preparing the site for new containers

We have started to prepare the empty site, levelled with gravel, for the placement of the new containers. Concrete supports have been poured to protect the containers from flooding and humidity.

Installing a new batch of miners

At the beginning of the week, we received a batch of 5 Whatsminer M50s from the Infinity Hash share sale. And at the end of the week, we installed another 7 new Whatsminer M60s due to the reinvestment feature.

Mantenimiento y tiempos de inactividad

On May 12th, a power line from our electricity provider was severed due to a storm. As a result, most of the equipment was offline for about one day. This also led to some blown power distribution equipment at the farm, which took a while to fix. Here are some pictures.

On May 13th, the first day of this week, we had most of the miners online again, but we did have a bit of downtime because of the time needed to bring everything online again and do some testing to make sure no other equipment was affected before switching electricity. We got 100% of all miners online on May 14th.

The total uptime for this week was 92.27%.

Anuncios

1-Year Anniversary Game

To celebrate its first anniversary on June 15th, 2024, we are organizing a giveaway among the Infinity Hash Community. The prizes are:

  • 1 time $500 in shares as the main prize
  • 10 times 10% bonus shares on all shares purchased during the game period (max. $100)
  • 10 times an Infinity Hash surprise box (T-shirts, vouchers, merchandise, etc.)

Both existing community members and newcomers can take part. Anyone who buys Infinity Hash Shares (IHS) worth at least $100 in the period from May 15 to June 15 is participating automatically. Both new shares and shares from the Community Marketplace are eligible.

FIAT-Payment Updates

Bank transfer update

After some more due diligence and paperwork with our payment processor and bank, we can now offer the following minimum deposit amounts for bank transfers:

  • 🇪🇺 EUR at 100 € minimum
  • 🇺🇸 USD at 100 $ minimum
  • 🇬🇧 GBP at 100 £ minimum
  • 🇹🇷 TRY at 3500 ₺ minimum

PS: EUR is now an EU-internal transfer and not a foreign wire transfer! This means fewer fees and faster transfers without problems or any special transfer options needed.

Card payments update

With the help of our payments partner, FinchPay, we reduced the card payment fee when buying new Infinity Hash shares to 0%. This will be active at least till our first anniversary on June 15th, 2024. After that, we will re-check volume and reduce the long-term fees as far as possible.

Enlances y Perspectiva

Perspectiva y Previsión de Minería

Based on a lot of new Whatsminer M60 models with higher efficiency added to the pool and more coming next week, we predict significantly higher profits if the Bitcoin price stays stable or goes up more.

Weather conditions

The current weather conditions at the mining farm are: Clear. Chilly. Current temperatures at 1.4°C / 34.52°F provide good cooling conditions, with the weather forecast showing a downward trend in temperatures. This should result in increased profits.

Transparencia

Here are our current transparency links:

  • 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

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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