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This is our nineteenth post in the Infinity Hash Weekly Update series for December 11th, 2023.
This week we saw a big jump in market cap, surpassing half a million USD in total share valuation, and were able to increase our community pool by 28 new miners, while significantly increasing the rewards generated and contributions to the reinvest wallet for each community member.
You can always get a full overview of past charts and numbers on the Weekly Updates page.
Project Updates
Infinity Hash in Numbers
Together with another jump of Bitcoins price, 2 new miners from last week and 28 new miners from this week we saw a big jump in share price, generated profits and market cap. All in all we reached the following milestones:
- 3x or 300% increase in share price from $0.80 at the beginning of the project
- Reached over 10 petahashes in mining performance
- Over 500k USD in total market capitalization
We are extremely thankful to all our community members for their trust in us. This wouldn’t have been possible without you! These are the numbers for week 49, 2023 from 2023-12-04 to 2023-12-10.
| Metric | Current data | Change |
|---|---|---|
| Total Miners | 98 Miners | + 28 Miners |
| Total Hashrate | 11.78 PH/s | + 3.27 PH/s |
| Total Shares | 229,973 Shares | + 68,862 Shares |
| Share Price | $ 2.42 | + 37.50 % |
| Rewards generated | 0.1496 BTC | + 31.92 % |
| Reinvested | 1867 USDT | + 820 USDT |
| Electricity paid | 2643 USDT | + 458 USDT |
Dashboard and Feature Updates
This week, we implemented the following urgent updates that delayed translations for the Dashboard, but were necessary to keep things running smoothly and fairly for all community members:
a) Time zone switching for rewards
We have changed the time zone for reward distribution and calculation of new daily share prices to Hong Kong time zone. We did this because this is the timezone of our mining pool at ViaBTC. This will result in some users, depending on their timezone, seeing the next calendar day’s rewards a day earlier.
We had to make this change to prevent technically savvy community members from calculating a new price before everyone else sees it in the dashboard, and hope that this will keep trading on the marketplace fair in the long run. After we add the translations to the dashboard, we will make sure that everyone can set their preferred time in the account settings, so no one has to deal with date calculations in the future.
b) Blog and website translations
We finished translating the whole blog into German and now Russian and updated our homepage. This was the last missing translation update before the dashboard translations can go live. In the process, we also added new affiliate banners, which are now available in Russian and German on the affiliate page.
Miner and Farm Updates
This week we added 28 new miner, increasing the community pool hash rate by 3354 TH.
| Model | Hashrate | Source | Workder ID |
|---|---|---|---|
| Whatsminer M50 | 114 TH | Share sale | IH071 |
| Whatsminer M50 | 120 TH | Share sale | IH072 |
| Whatsminer M50 | 120 TH | Share sale | IH073 |
| Whatsminer M50 | 120 TH | Share sale | IH074 |
| Whatsminer M50 | 120 TH | Share sale | IH075 |
| Whatsminer M50 | 120 TH | Share sale | IH076 |
| Whatsminer M50 | 120 TH | Share sale | IH077 |
| Whatsminer M50 | 120 TH | Share sale | IH078 |
| Whatsminer M50 | 120 TH | Share sale | IH079 |
| Whatsminer M50 | 120 TH | Share sale | IH080 |
| Whatsminer M50 | 120 TH | Share sale | IH081 |
| Whatsminer M50 | 120 TH | Share sale | IH082 |
| Whatsminer M50 | 120 TH | Share sale | IH083 |
| Whatsminer M50 | 120 TH | Share sale | IH084 |
| Whatsminer M50 | 120 TH | Share sale | IH085 |
| Whatsminer M50 | 120 TH | Share sale | IH086 |
| Whatsminer M50 | 120 TH | Share sale | IH087 |
| Whatsminer M50 | 120 TH | Share sale | IH088 |
| Whatsminer M50 | 120 TH | Share sale | IH089 |
| Whatsminer M50 | 120 TH | Share sale | IH090 |
| Whatsminer M50 | 120 TH | Share sale | IH091 |
| Whatsminer M50 | 120 TH | Share sale | IH092 |
| Whatsminer M50 | 120 TH | Share sale | IH093 |
| Whatsminer M50 | 120 TH | Share sale | IH094 |
| Whatsminer M50 | 120 TH | Share sale | IH095 |
| Whatsminer M50 | 120 TH | Share sale | IH096 |
| Whatsminer M50 | 120 TH | Share sale | IH097 |
| Whatsminer M50 | 120 TH | Reinvest | IH098 |
Maintenance and Downtimes
This week we had two minor downtimes due to extremely cold weather, resulting in an overall uptime of approximately 97%.
Announcements
To thank our community and grow the project in preparation for the upcoming Bitcoin halving, we are currently testing hydro mining for Infinity Hash and will launch a special offer for all community members and new users until we reach a market cap of one million USD.
We will keep you updated on the Hydro Mining with the new offer going online tomorrow!
News 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 28 new miners added we will now be able to provide stable profits even if a few miners have downtime due to repairs. The increase in Bitcoins price together with high blockchain fees should make the coming week a great week with some bigger improvements and news regarding our testing of hydro miners.
Weather conditions
The forecast for this week show slightly lower temperatures with an average of -22.1°C / -7.78°F. If miners are able to withstand the temperature drops at night we will have continued perfect cooling conditions at the farm that should lead to great profits.
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!
