This is our 37th post in the Infinity Hash Weekly Update series for Apr 15, 2024.

This week we added a few new miners, finished some translations and a lot of background work on the voting function, as well as attending Santorini Halving Party 2024. Mining profits for Infinity Hash went up with some downtime and share price for IHS going down even though Bitcoin was stable. Please make sure to read this weekly update as it contains important information on an upcoming community vote!

You can always get a full overview of past charts and numbers on the Weekly Updates page.

Infinity Hash in Numbers

For week 14, 2024, from 2024-04-01 to 2024-04-07

MetricCurrent dataChange
Total Miners257 Miners+ 15 Miners
Total Hashrate32.38 PH/s+ 2.87 PH/s
Toplam Hisse522,762 Shares+ 34021 Shares
Hisse Fiyatı$ 4.70– 5.05 %
Rewards generated0.31102327 BTC+ 3.50 %
Reinvested6274 USDT– 7 USDT
Electricity paid8572 USDT+ 305 USDT
Infinity Hash’s metrics for the week ending Apr 7 2024 – compared to the week before

In week 14, we added 15 new miners, increasing the community pool hash rate by 1940 TH.

ModelHashrateSourceWorkder ID
Whatsminer M50S130 THShare saleIH242
Whatsminer M50S130 THShare saleIH243
Whatsminer M50S130 THShare saleIH244
Whatsminer M50S130 THReinvestIH245
Whatsminer M50S129 THShare saleIH246
Whatsminer M50S129 THShare saleIH247
Whatsminer M50S129 THShare saleIH248
Whatsminer M50S129 THShare saleIH249
Whatsminer M50S129 THShare saleIH250
Whatsminer M50S129 THShare saleIH251
Whatsminer M50S129 THShare saleIH252
Whatsminer M50S129 THShare saleIH253
Whatsminer M50S129 THShare saleIH254
Whatsminer M50S129 THShare saleIH255
Whatsminer M50S130 THReinvestIH256
New Miners added to Infinity Hash from 2024-04-01 to 2024-04-07

For week 15, 2024, from 2024-04-08 to 2024-04-14

MetricCurrent dataChange
Total Miners261 Miners+ 4 Miners
Total Hashrate33.10 PH/s+ 0.72 PH/s
Toplam Hisse551,054 Shares+ 28293 Shares
Hisse Fiyatı$ 4.50– 4.26 %
Rewards generated0.34600413 BTC+ 11.25 %
Reinvested7337 USDT+ 1063 USDT
Electricity paid9251 USDT+ 679 USDT
Infinity Hash’s metrics for the week ending Apr 14 2024 – compared to the week before

In week 15, we added 4 new miners, increasing the community pool hash rate by 520 TH.

ModelHashrateSourceWorkder ID
Whatsminer M50S130 THReinvestIH257
Whatsminer M50S130 THReinvestIH258
Whatsminer M50S130 THReinvestIH259
Whatsminer M50S130 THReinvestIH260
New Miners added to Infinity Hash from 2024-04-08 to 2024-04-14

Charts for week 14 to week 15, 2024

Due to the charts always going back 3 months, we decided to just put them in one chart gallery with everything missing since the last post and up to our latest data.

37 Hashrate - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
37 Miners - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
37 Profits - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
37 Shares - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Dashboard and Feature Updates

Apart from a few bug fixes there have been no major dashboard upgrades this week, with all development work focused on the back-end right now.

Maintenance and Downtime

In the two weeks of this report we had two noteworthy downtime events:

  • On April third, about 24% of the projects miners where offline due to an equipment relocation
  • On April eighth, about 12% of the projects miners where offline due to an internet outage

The total uptime for the two weeks was 97.43%.

Announcements

New miners arriving before the halving

Due to the upcoming Halving, we would like to point out that we are expecting the delivery of further miners in the next few days, which have already been paid for by the community in recent weeks. This will massively increase the hashrate per Infinity Hash share. We expect about 70 to 90 GH/s per share in the next few days. Below is a picture of the hashrate development since the start of the project (calendar weeks on the X-axis). We also added other available lifetime charts of the project so you can get a good bird’s-eye overview of the state of the project.

Hashrate per share - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
Yearly USD profits - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
Miners - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
Hashrate - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
Total Shares - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
Share Price - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
Marketcap - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
Profits - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Removal of the margin on the electricity price

As a further measure to prepare for the Halving, we have decided to eliminate our margin on the electricity price. As a result, the electricity price of the project will fall from USD 0.057 / kWh to USD 0.049 / kWh from April 16, which corresponds to a reduction of around 14% and will increase the profitability of the project. We will secure the company’s income in the future through optional additional services around the project.

First community vote coming soon

Since we activated the temporary 20% fee on the Community Marketplace, we have received many good suggestions from the community to prevent abuse of the affiliate system.

In the background, we have been developing the voting system (similar to a DAO in a DeFi project). We should be ready with the system in time for Halving to let the community decide on one of the working solutions. The respective number of shares held counts as the weighting basis for the vote, which can be carried out in the dashboard.

So that everyone can start thinking, here are the options for the first adjustment, which we can further refine in future votes if the community so wishes:

  1. Bonus shares locked + 10% marketplace fee to reinvest: The 10% bonus shares are locked (not sell-able since they are a gift paid for by the company) AND the fee in the marketplace is reduced to 10% (fee is added to the reinvest wallet to buy more miners for the project)
  2. 20% marketplace fee to reinvest (keep as is): The marketplace fee will stay at 20% (fee is added to the reinvest wallet to buy more miners for the project)
  3. Bonus shares locked + 20% marketplace fee to reinvest: The 10% bonus shares are locked (not sell-able since they are a gift paid for by the company) AND the fee in the marketplace stays at 20% (fee is added to the reinvest wallet to buy more miners for the project)

Please do not forget that this is about an initial solution and finding a direction. Based on the result, we can introduce and implement further improvements.

German website and dashboard translations

We have decided to deactivate the German translations of the website, blog and dashboard for the time being. For regulatory reasons, they will not be available until further notice. They will be reactivated as soon as the appropriate conditions are met. Please understand that it is important for us to comply with local legislation and always prioritize consumer protection over corporate profits.

Bank transfers and deposit options

Over the last 2 weeks we have been working hard to improve the deposit methods in general and the options for faster, cheaper bank transfers in particular. We look forward to being able to offer bank transfers and other payment methods again soon and that the fees will be greatly reduced.

Update: The new bank transfers are active and working! We are now offering EUR, GBP, USD and TRY with native transfers (for example to an EU-bank for EUR, to a British bank account for GBP etc.). Fees should be greatly reduced in comparison to before.

Farm Updates

The farm updates of the last two weeks where all focused on finishing hosting capabilities before the last batches of miners arrive before the halving.

Farm updates in week 14, 2024

Preparing the area for new containers

To ensure better ground stability, the entire area for the new miners was strewn with gravel and crushed stone and leveled. The layer of gravel also helps to prevent dust being stirred up in the dry months and allows water and snowmelt to seep away better.

  • week 14 are preparation 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 are preparation 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 are preparation 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 are preparation 04 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Installing slats and temperature zones

In the container, which was partially completed last week, slats, network technology and a separating layer for the hot and cold zones were added.

  • week 14 finishing new container 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 finishing new container 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 finishing new container 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 finishing new container 04 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 finishing new container 05 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 finishing new container 06 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 finishing new container 07 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 finishing new container 08 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Finishing outside work on the living container

A concrete floor was poured in the living container after the relocation and work inside the container was completed.

  • week 14 living container preparations 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 living container preparations 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 living container preparations 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Installation of a new batch of miners and catching a thieve

A batch of new miners after installation in the newly completed container. In the pictures you can see the improved setup with PDUs. We also caught a thief stealing a snack bag.

  • week 14 new miners 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 new miners 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 new miners 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 14 new miners 04 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Farm updates in week 15, 2024

Filter installation and final clean up

After installing the first miners in the first new container last week, filters have now been added to the air intake side, the last slats have been attached and the container has been thoroughly cleaned one last time.

  • week 15 adding filters 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 adding filters 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 adding filters 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 cleaning miners 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 cleaning miners 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Preparing another container for hosting

Then the next new container arrived. In the pictures below you can see the delivery, the cutting out of the sides and the cutting out of the future door.

  • week 15 finishing new container 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 finishing new container 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 finishing new container 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 finishing new container 04 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 finishing new container 05 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 finishing new container 06 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Final living container upgrades

Final improvements were also installed in the Living Container and normal operations started. The first important improvement was the installation of a drinking water tank (including heating to prevent freezing in winter). New screens and network technology for real-time monitoring of the growing number of miners were also installed.

  • week 15 living container upgrades 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 living container upgrades 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 living container upgrades 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Adding protective canopies

Canopies were prepared for the new containers to provide additional protection in extreme weather (heavy snow and rain pushed in from the side by the wind). In the third picture (from this winter) you can see the finished version on an existing container.

  • week 15 protection canopes 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 protection canopes 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • week 15 protection canopes 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Links and Outlook

Infinity Hash Articles and Socials

This week we were featured on the German crypto news portal BTC-Echo with the following article: “So profitierst du von dezentralem Bitcoin Mining” (How to profit from decentralized Bitcoin mining).

Updated transparency reports

We have made the following changes to make our transparency reports easier to understand, easier to read and more visually pleasing:

  1. A more detailed table of newly added miners for each month
  2. A complete overview of the device types currently in use, including their status and how many of them the project has in service
  3. Additional information on which miners were added in which month in the complete miner list
  • transparency report changes 01 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • transparency report changes 02 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15
  • transparency report changes 03 jpg - Infinity Hash Cumulative Update #36 to #37 – Apr 1 to Apr 15

Outlook and Mining Forecast

Due to the reduction in electricity prices and the newly added miners, as well as the expected deliveries, we assume that the mining rewards should increase significantly again until the halving and that we will be considerably less affected by the halving itself than expected.

We would like to take this opportunity to thank our entire community once again for their trust and hope that the difficulty adjustment expected some time after the Halving will encourage us all to celebrate.

Weather conditions

The current weather conditions at the mining farm are: Clear. Chilly. Current temperatures at 2.65°C / 36.77°F provide good cooling conditions with the weather forecast showing a downward trend in temperatures. This should result in stable profits.

Şeffaflık

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!

Похожие записи