This is our 58th post in the Infinity Hash Weekly Update series for Sep 9, 2024.

This week we added no new miners. Mining profits for Infinity Hash went down a bit and share price for IHS going down together with Bitcoin.

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

Project Updates

Infinity Hash in Numbers

These are the numbers for week 36, 2024, from 2024-09-02 to 2024-09-08.

MetricCurrent dataChange
Total Miners768 Miners+ 0 Miners
Total Hashrate97.26 PH/s– 1.33 PH/s
Total Shares846,240 Shares+ 10,446 Shares
Share Price$ 2.00– 6.10 %
Rewards generated0,46920586 BTC– 2.05 %
Reinvested2788 USDT– 1,222 USDT
Electricity paid21044 USDT– 95 USDT
Infinity Hash’s metrics for the week ending Sep 08 2024 – compared to the week before

Miner and Farm Updates

Antminer S19 tuning and Whatsminer repairs

The weather conditions in the Urals have changed dramatically — summer, sunshine, and heat have been replaced by rain and cool weather. Our Antminer S19s were automatically tuned for the heat to achieve the desired performance. However, with the onset of cold weather, we decided to reset all settings and reconfigure the miners to ensure stable operation in the new weather conditions. Apart from this we did some on-site PSU replacements for Whatsminers.

Installation of protective canopies

Our technicians continue to assemble the framework for the protective canopies over each container, as well as the actual installation of these canopies. The canopies will help to prevent humidity from rain and snow from getting into the containers, so we can keep mining with air-cooled ASICS during any autumn and winter storms.

Announcements

Community Vote #9 is implemented

Community vote #9 (“Should we focus on buying Whatsminer M60 ASICS?”) is implemented now. The first 10 Whatsminer M60 models with 176 TH/s already arrived at the farm and are being set up right now. This will decrease the per unit and per hashrate infrastructure cost (compared to M50 or S19 miners) because more hashrate fits into one container at a lower energy cost per TH/s. Here are a few pictures of the first miners during unpacking.

Regular Community AMA #001

We’ll have our first regular Community AMA on Saturday, September 14th at 4PM UTC on X. Let us know in the comments or in our Telegram group in case you already have questions. We plan to do these AMAs on a bi-weekly basis for now.

ama 001 - Mining Industry

Start of the new Mining Industry Recap series

This is a weekly journal where we digest for you the most important events in the Bitcoin mining space, together with some network statistics and other relevant topics. We will be publishing it every Friday, giving you insights into the latest trends, news, and developments affecting miners worldwide.

Links and Outlook

Infinity Hash Articles and Socials

Elphapex DG1+ review video

Review of the new Elphapex DG1+ LTC and DOGE miner. It is already on our YouTube channel:

New Infinity Hash articels

Here is a list of last weeks articles, going into detail about how you stake and unstake IHS and our Mining Industry Recap:

Weather conditions

The current weather conditions at the mining farm are: Clear. Cool. Current temperatures at 14.48°C / 58.06°F provide good cooling conditions, with the weather forecast showing an upward trend temperatures. This should result in stable profits.

Transparency

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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