Sommaire
IMPORTANT : This post provides background information on community vote #16. Please make sure to read it if you are part of the community or have Infinity Hash Stacks!
If you have any questions or want to participate in the discussion, feel free to join our Telegram group by clicking here and texting with the community.
The situation: Infrastructure for over 600 new miners ready
Yes, we have 3 high-quality containers ready that can take up to 240 miners each. We also have enough transformers, electricity, and smart PDUs on site and are ready to host more than 600 miners today.
The infrastructure for these has already been paid for by the Infinity Hash community. This perfectly matches our timeline for buying new miners before the last big leg up in Bitcoin price for this bull market.
Right now, we can get brand-new Whatsminer M60 miners for $2380 per miner (import, logistics, and everything else included). This is nearly half the price we would have had to pay per M60 at the beginning of the year.
Résumé : We have already paid for infrastructure for over 600 miners ready, and the best-in-class air-cooled M60 models are nearly half as cheap as usual. This is the perfect time to expand our hashrate.
Our solution: Create incentives by freeing the min-sell-price
If people buy IHS right now, they don’t get the APR they expect on day 1 and have to wait for profits to go up before they actually see the performance of Infinity Hash, which results in people buying a test amount and then not following up with a bigger investment later, as we have seen in 2023 and 2024.
This is because we introduced a minimum sell price of $2 per IHS, but the price would be lower without the hard-coded minimum. The minimum sell price had its justification because of two reasons:
- The price for new miners wouldn’t go down below a certain amount, even though Bitcoin’s price went down a lot. Without the $2 lower limit, we would have reduced the hashrate per IHS by selling new IHS too cheap.
- We had to pause buying new miners because we invested heavily into new infrastructure (one of the reasons we have so many free slots now). Without the $2 lower limit, we would have tanked the IHS price and hashrate per IHS even more.
The current situation is the opposite: We have the infrastructure ready, AND miner prices are low despite Bitcoin’s price standing at over $100k. This means we can use each incoming cent to buy new miners and add hashrate at amazingly low costs!
Here is what would happen if we removed the $2 lower limit
If we removed the $2 lower limit on the IHS price, the old lower limit of $1 would be active again. Right now, we are at an IHS price of around $2.14. Of course we can’t perfectly predict the future IHS price, so we’ll just go with the middle between $1 and the current price of $2.14 to do a conservative calculation (the IHS price will go up automatically with each new miner coming online long-term, so we won’t have a problem to the downside anyway). The middle between $1 and the current $2.14 would be $1.57.
Here is the full calculation based on the premise that we fill the 600 free slots with Whatsminer M60 miners at a very conservative price of $1.57 per IHS:
| Métrique | Current numbers | 600 new M60s | Total results |
|---|---|---|---|
| Total hashrate | 145 PH/s | 104 PH/s | 249 PH/s |
| Total des IHS | 1.238M | 0.909M | 2.147M |
| Hashrate / IHS | 117 GH/s | 114 GH/s | 116 GH/s |
| 24h mined | $7422 | $5323 | $12745 |
| 24h electricity | -$6324 | -$2910 | -$9234 |
| 24h profit | $1098 | $2413 | $3511 |
| 24h profit-% | 14.79% | 45.33% | 27.56% |
IMPORTANT : We calculated this at the current, low profitability Bitcoin price of around $109k! If Bitcoin goes up again or network difficulty goes down, those numbers would improve dramatically, and vice versa.
Résumé : Based on the calculation above, profitability for everyone holding IHS right now and everyone buying new IHS would go up nearly 2x, even if we sell IHS at a price below $2. The price where everyone holding IHS right now would stop profiting from selling new IHS below $2 would be around $0.84. This low can’t be reached, since IHS would still have the minimum sell price of $1.
Your vote: Community vote #16 will decide the further direction
Community vote #16 is online in the dashboard starting today! Please do your calculations, use the table above, or chat with the others from the community in our Telegram group. We are there in case you have any detailed questions!
We as a team support this vote because we think adding new miners with higher efficiency would be the right move now. We assume a more realistic IHS price of below $2 for selling new IHS would provide an incentive for new and existing users to purchase IHS right now, when outside conditions are perfect and miner prices are low. We only put ourselves behind this vote because it would benefit both existing and new IHS holders from the first miner we add!