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Infinity Hash Community Vote
Recently, the Infinity Hash community voted overwhelmingly in favor of focusing on acquiring Whatsminer M60 ASICs. Prior to this, Infinity Hash was largely utilizing Whatsminer M50 models, which led to a pretty good efficiency of about 28.5 W/TH. This approach has significantly boosted the hashrate per share, enhancing overall returns for investors. However, with rising mining difficulty and the recent downturn in Bitcoin prices, the team proposed focusing on the more efficient M60 models, which operate at around 19-20 W/TH. This decision goes beyond maintaining current profitability; it’s about fortifying resilience against future challenges such as potential price declines and the relentless rise in network difficulty.
The Case for More Efficient Hardware
While the efficiency gains in new Bitcoin mining hardware have been diminishing with each generation, it remains crucial to invest in the most advanced models available. The chart below shows the declining profitability of Bitcoin mining over time, with miner margins shrinking consistently due to rising network hashrates.
Although the jump in efficiency from each new mining machine model is not as significant as it used to be, this trend shows why only the most efficient machines can maintain profitability in the long term. As mining margins tighten, older models become less viable, and the newest, most efficient hardware becomes essential to surviving market downturns and the ongoing rise in network difficulty.
In other words, while each new model might offer a smaller efficiency boost than the last, failing to upgrade would significantly shorten the amount of time Infinity Hash’s miners may be used to obtain a profit. This would run contrary to Infinity Hash’s commitment to long-term sustainability and securing returns for our investors. Infinity Hash aims to provide a profitable investment for the long term, not a quick short-term flip.
Protection Against Price Downturns
Bitcoin mining profitability is highly sensitive to market conditions, particularly changes in Bitcoin prices. As prices fluctuate, the revenue generated by mining can quickly shift, affecting whether a miner can cover electricity costs. This dynamic often forces less efficient miners out of the market during downturns, highlighting the importance of using highly efficient hardware.
The table above compares the performance of three popular mining machines—Antminer S19 Pro, Whatsminer M50S, and Whatsminer M60—under different Bitcoin price scenarios. At current prices, the M60 greatly outperforms the other models, generating $3.47 in daily profit compared to $1.45 for the M50S and $0.86 for the S19 Pro. While this is a significant difference, some people might say that the added profitability does not justify the high purchasing price. However, if Bitcoin prices were to drop to $50,000, the M60 would remain highly profitable at $2.24 per day, while the older models would see their profits diminish substantially. At $40,000, the S19 Pro and M50S dip into negative territory, but the M60 continues to generate a modest profit of $1.05.
These figures demonstrate why investing in more efficient machines like the M60 helps a mining operation resist even through price downturns. As market conditions worsen, the M60’s superior energy efficiency allows it to maintain profitability longer than older, less efficient models. For miners committed to staying competitive, investing in the latest hardware isn’t just a strategy—it’s a necessity.
Protection Against Ever-Increasing Network Hashrate
Bitcoin mining is an arms race, constantly evolving as the network’s hashrate continues to climb. As more miners join the network, the total hashrate increases, leading to higher mining difficulty and a smaller share of rewards for each participant. This trend is clearly illustrated in the chart below, showing that the hashrate has been on a steady upward trajectory.
This relentless growth in hashrate effectively limits the lifespan of any mining machine. Older, less efficient models become unprofitable much faster as they struggle to keep up with increasing difficulty and competition. Even if Bitcoin prices remain stable, the rising hashrate means that miners will need to consistently upgrade to more efficient hardware to stay competitive.
The superior energy efficiency of models like the Whatsminer M60 helps to extend the profitability window, ensuring that mining returns continue for many years. While no machine can avoid becoming obsolete, those with better efficiency can weather market fluctuations and increased competition for longer periods. For Infinity Hash, investing in the latest, most efficient hardware is a strategy not just for maximizing profits but also for ensuring that our operations remain viable against the inevitable increases in network difficulty.
Maximizing Reinvestment for Long-Term Growth
Investing in the most advanced mining equipment, like the M60s, is not just a decision for today’s market conditions—it’s a strategy for sustaining long-term growth and profitability. By prioritizing the latest, most efficient hardware, Infinity Hash minimizes the need to constantly replace or repair older machines that quickly become unprofitable due to rising network difficulty and wear and tear. This means that a larger portion of our reinvestment budget can be dedicated to expanding our mining capacity rather than merely maintaining it.
The compounding effect of adding new, efficient machines instead of repeatedly upgrading outdated models is profound. Each new miner bought with the reinvestment budget contributes additional hashrate without the issuance of additional shares. This boosts the total output of our mining operations and increasing the hashrate per share.
This approach improves earnings, while reinforcing Infinity Hash’s resilience in a competitive and evolving market. By focusing on the best equipment, we are building a mining operation designed not just to survive, but to thrive and expand, turning reinvestments into a powerful engine for long-term profitability.
Conclusion: A Future-Ready Approach
Infinity Hash’s focus on acquiring the most efficient mining hardware, like the Whatsminer M60, is a strategic move aimed at long-term resilience and profitability. Even as efficiency gains diminish with each new model, staying ahead of rising network difficulty and market volatility is crucial. Moreover, by prioritizing advanced equipment, we reduce the need for frequent replacements, allowing more of our reinvestment budget to expand mining capacity rather than just maintain it.
This strategy not only strengthens our ability to weather price downturns but also compounds our growth by allowing us to boost the hashrate per share through reinvestment. Infinity Hash is committed to building a sustainable and robust mining operation designed to thrive and deliver value for the long haul, ensuring our investors benefit from a reliable, future-focused approach.
