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This is our 73th post in the Infinity Hash Weekly Update series for Dec 23 2024.
This week we added no new miners but integrated new wire transfer options with more supported currencies and have a new Filecoin (FIL) reward pool online. Mining profits for Infinity Hash went down a bit, and the share price for IHS went 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 51, 2024, from 2024-12-16 to 2024-12-22.
| Metric | Current data | Change |
|---|---|---|
| Total Miners | 890 Miners | + 0 Miners |
| Total Hashrate | 116.25 PH/s | – 0.63 PH/s |
| Acciones Totales | 970,547 Shares | + 10,986 Shares |
| Precio de la acción | $ 3.89 | – 7.38 % |
| Rewards generated | 0.47045150 BTC | – 1.84 % |
| Reinvested | 11,522 USDT | – 57 USDT |
| Electricity paid | 24,969 USDT | + 411 USDT |
Dashboard and Feature Updates
Bank information update for share purchases
Dear community, we have new bank information for share purchases! You can find the new wire transfer options in the dashboard under “Buy shares” and on the “Deposit” page.
a) More currencies supported
We now support USD, EUR, GBP, AUD, SGD, JPY and CNY for direct share purchases. All new wire transfer options are available in the dashboard on the “buy shares” page and the “deposit” page. Wire transfers are going to directly to Infinity Hash Limited.
b) New minimum and maximum amounts
Due to better regulatory conditions, we were able to update minimum and maximum purchase amounts for bank transfers to the following:
| Currency | Min. amount | Max. amount |
|---|---|---|
| USD | $ 1,000 | $ 450,000 |
| EUR | 1.000 € | 430.000 € |
| GBP | £ 1,000 | £ 350,000 |
| AUD | $ 1,500 | $ 700,000 |
| SGD | $ 1,200 | $ 600,000 |
| JPY | ￥ 140,000 | ￥ 70,000,000 |
| CNY | ¥ 7,000 | ¥ 3,200,000 |
c) Old wire transfers still on the way
Should you have a wire transfer that was still on the way while we changed our bank information, you’ll automatically get a full refund and an email confirmation. Don’t hesitate to contact our support team should there be any questions!
New Filecoin (FIL) reward pool
Filecoin (FIL) is now available as a reward pool! PS: FIL was added on community request. If you are new to Bitcoin or mining, we strongly advice sticking to the BTC, IHS and USDT rewards pools for a lower risk profile (not financial advice)!
Miner and Farm Updates
This week, we added 34 new miners, increasing the community pool hash rate by 4590 TH.
Mining farm
Due to heavy snowfall and strong winds, a few side walls on the containers had to be repaired. Otherwise, the work on the walls this summer and fall paid off, as the miners are now better protected from heavy snowfall and wind.
Container
Work continues on new containers for the upcoming new miners. Containers were also thoroughly cleaned and filters replaced this week.
Announcements
Christmas team holidays
For the first year since the start of the project, we’ll do a small team holiday from 28th of December 2024 till 14th of January 2025. During this time, support and administrative staff will have lower capacity, and responses and email answering might take a bit longer. Work at the farm will continue uninterrupted; we might only not be able to find the time to make the same amount of pictures and videos as usual.
Happy Christmas and thank you
We want to thank all of you for your continued trust and support, and wish you a merry Christmas and nice holidays! Here is a small recap of where we’ve been at this time last year and how much progress we made together:
| Metric | Christmas 23 | Hoy. | Change |
|---|---|---|---|
| Total Miners | 106 Miners | 890 Miners | + 784 Miners |
| Total Hashrate | 12.91 PH/s | 116.25 PH/s | + 103.34 PH/s |
| Acciones Totales | 241,887 Shares | 970,547 Shares | + 728,660 Shares |
| Precio de la acción | $ 3.24 | $ 3.89 | + 20.06 % |
| Rewards generated | 0.21940756 BTC | 0.47045150 BTC | + 114.42 % |
| Reinvested | 2,991 USDT | 11,522 USDT | + 8,531 USDT |
| Electricity paid | 3,407 USDT | 24,969 USDT | + 21,562 USDT |
| Hashrate per share | 53.37 GH/s | 119.78 GH/s | + 124.43 % |
Links and Outlook
Infinity Hash Articles and Socials
For an overview of current developments and a small forecast for 2025, please make sure to read the following article:
Infinity Hash Q4 2024 Update: New Features and Future Plans
Mining Industry Recap, Episode 15
Weather Conditions
The current weather conditions at the mining farm are: Light snow. Passing clouds. Chilly. Current temperatures at -1.46°C / 29.37°F provide good cooling conditions, with the weather forecast showing a downward trend in temperatures. This should result in increased 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:
Enlaces del grupo de minería y la cartera
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!
