Contents
This is our eighteenth post in the Infinity Hash Weekly Update series for December 4th, 2023.
This week we did a lot of development work in the background (mainly translations of the blog and homepages to German and Russian), added 2 new miners and saw a slight decrease in profits.
You can always get a full overview of past charts and numbers on the Weekly Updates page.
Project Updates
Infinity Hash in Numbers
This week we saw another slight increase in the price of Bitcoin and were able to add two new miners, one of which was added via the reinvest feature. Total profits decreased slightly due to changes in average transaction fees on the network. These are the numbers for week 48, 2023 from 2023-11-27 to 2023-12-03.
| Metric | Current data | Change |
|---|---|---|
| Total Miners | 70 Miners | + 2 Miners |
| Total Hashrate | 8.51 PH/s | + 0.24 PH/s |
| Total Shares | 161,111 Shares | + 3,656 Shares |
| Share Price | $ 1.76 | + 1.73 % |
| Rewards generated | 0.1134 BTC | – 6.28 % |
| Reinvested | 1047 USDT | – 171 USDT |
| Electricity paid | 2185 USDT | + 133 USDT |
Miner and Farm Updates
This week we added 2 new miners, increasing the community pool hash rate by 235 TH.
| Model | Hashrate | Source | Workder ID |
|---|---|---|---|
| Whatsminer M50 | 112 TH | Reinvest | IH069 |
| Whatsminer M50 | 123 TH | Share sale | IH070 |
Maintenance and Downtimes
We had no major downtime at the farm this week, but 2 miners stopped working. The 2 miners were taken to the repair shop where we replaced their power units. For this replacement we took 170 USDT per PSU from the reinvest wallet on November 29th (along with the money to buy a new reinvest miner). Here is the link to the transaction: Tronscan (3c4b8f3b1c90becdbb39cba303ddc1023e843e1edc3e3249aacec44e3a3e428c).
Total uptime for the week was at about 96.5%.
Links and Outlook
Transparency
- 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
Outlook and Mining Forecast
With two new miners and many new investors joining our community, we expect to see a significant increase in profits and a faster rate of new miners being added using the reinvest function.
Weather conditions
The forecast for this week shows a big drop in temperatures with an average of -20.2°C / -4.4°F. If the temperatures stay at this level for the next few weeks, we will have consistently high profits due to perfect cooling conditions.
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!
