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This is our 67th post in the Infinity Hash Weekly Update series for Nov 11 2024.
This week, we added no new miners. Mining profits for Infinity Hash went up, and the share price for IHS went up together with Bitcoin. Apart from this, we have a few farm updates, BTC price at over 90k USD, and we are going into detail regarding our miner purchasing strategy for the next few weeks.
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 45, 2024, from 2024-11-04 to 2024-11-10.
| Metric | Current data | Change |
|---|---|---|
| Total Miners | 813 Miners | + 0 Miners |
| Total Hashrate | 104.62 PH/s | + 0.24 PH/s |
| Acciones Totales | 901,883 Shares | + 2,247 Shares |
| Precio de la acción | $ 3.2 | + 7.74 % |
| Rewards generated | 0.50176612 BTC | + 2.39 % |
| Reinvested | 6077 USDT | + 199 USDT |
| Electricity paid | 25071 USDT | + 2,599 USDT |
Miner and Farm Updates
Work on the containers
Work continued this week on the roofs and side walls of the containers to protect the miners from snow and rain. New sockets and lights were installed inside one container and still need to be connected by an electrician.
Servicing the transformer and cleaning container
One Transformer was also serviced this week. While the Transformer was switched off for this, the associated containers were thoroughly cleaned. In addition, the cables in several containers were laid in ducts to get them out of the way.
Container with Antminer
Filters were installed in containers with S19 Antminers to protect these rather vulnerable miners from the impending cold.
Announcements
Bitcoin hit 90k USD!
Bitcoin just reached a new all-time-high of over $90,000! This has resulted in an increase of over 61% in mining profits for Infinity Hash since last week. This marks a huge milestone for the project, and we now have a short period of 2–6 weeks before prices for new miners will most likely increase significantly.
For us as a community, this means we now have the opportunity to increase the hash rate and rewards of our project, the more we invest over the next 1–2 weeks. This is the perfect time to make sure we get enough miners online to build on our current fleet of miners, and especially to get our hands on still very affordable Whatsminer M60 models that will serve us profitably till after the current bull market.
Our strategy for the next weeks
Since we added no new miners this week and are still waiting for a Whatsminer M60 batch funded by the reinvest wallet, we want to lay out our strategy for purchasing miners over the next few weeks:
- We will add the already-ordered M60 miners as soon as they arrive.
- We will be ordering more M60 miners from reinvest pretty soon.
- We will be collecting money from new investments and watching current miner prices, Bitcoin mining difficulty and the Bitcoin price to wait as long as possible before miner prices go up. Our goal is to order one huge batch of miners at once and get a discount on this last big order before prices for miners go up.
Based on this, if you want to invest more into the project, we think now would be a very good entry point (not financial advice). We’ll keep burning shares throughout the next 2–3 weeks to keep rewards high and the share price stable, even if we might not add new miners apart from the reinvestment M60s for another 2–3 weeks.
#4 share supply burn
This week we burned 5438 IHS worth over 17.13k USD at the current and worth over 21k USD based on the average purchase price. This will increase rewards. We are looking forward to continue with more burns over time.
Affiliate updates
1. Landing page update for the profit calculator
We updated the calculator on the landing page to automatically detect the user’s browser language and switch the displayed investment currency to it. This detects EU languages for EUR, Swiss specifics for CHF, British English for GBP, Turkish for TRY and Russian for RUB. Everything else will default to USD.
The calculator can now also be automatically controlled via URL parameters in your affiliate link. You can modify 2 parameters:
a) The displayed investment amount
The investment amount URL parameter is calc_amt and accepts numbers between 1 and 100000 (no decimals). Example: To set the calculator to 500, add the following code at the end of your affiliate link: &calc_amt=500
b) The currency of the displayed investment amount
The investment currency URL parameter is calc_cur and accepts “btc”, “eur”, “chf”, “try”, “gbp”, “rub” and “usd”. Example: To set the calculator to EUR, add the following code at the end of your affiliate link: &calc_cur=eur
Example how-to:
Let’s say your affiliate link is: https://infinity-hash.io/?ref-code=IH10
Now, we are going to set it to 500 EUR:https://infinity-hash.io/?ref-code=IH10&calc_amt=500&calc_cur=eur
That’s it :). You can also only add one of the parameters, they’ll work anyway. Note: If you set the currency parameter, it will overwrite the automatic detection via the browser language.
PS: Let us know if we can help you with this! Just text us on Telegram.
2. New English banners
We have new English ad banners available on the affiliate page.
Links and Outlook
Infinity Hash Articles and Socials
Here are our latest articles, including the tenth edition of the Mining Industry Recap series:
Weather Conditions
The current weather conditions at the mining farm are: Passing clouds. Cold. Current temperatures at -6.26°C / 20.74°F provide excellent cooling conditions, with the weather forecast showing no changes in temperatures. This should result in stable profits.
Transparencia
You can always check our pool and wallet links to get a complete and transparent overview of our pool, all miners in the pool, our public reinvest wallet, and our electricity costs on the page below:
Pool and wallet links
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!
