Infinity Hash – How to Generate Passive Income with Mining
07/09/2024 16:02Infinity Hash – How to Generate Passive Income with Mining
What would it be like to receive daily passive income from Bitcoin mining without lifting a finger? This is exactly what Infinity Hash offers. Here is how the project achieves it.
Over the last few years, mining Bitcoin has become harder and harder for most people. Their first option, cloud mining, is easy to get into, but the profits are often very low and limited, with many scams out there looking to make a quick buck from gullible investors. The second option, colocation mining, has the big problem that it requires a large initial investment to cover miner purchases, potential repairs and electricity payments.
Infinity Hash: Earn daily passive income
Now, there is finally a solution that checks all the boxes of hands-off passive income without high capital requirements and significantly reduced risks. It's called Infinity Hash. A self-sustaining mining ecosystem on the Bitcoin network, where users can receive daily mining rewards. The way it works is simple: By purchasing shares, you get a part of the rewards that the miners of the project receive for their work on the network on a daily basis. Every single Infinity Hash Share is backed by miners.
Users that buy Infinity Hash Shares can benefit from the advantages of mining Bitcoin with a small budget and no technical experience, and have significantly reduced risk when compared to colocation mining because shares can be sold on the community marketplace.
Reward Pools: The power of choice
While all miners of Infinity Hash only mine Bitcoin, users can select in which coins they want to receive their daily mining rewards. This feature is called reward pools. If users want to receive 50% of their rewards in SOL, they can just allocate 50% of their project shares to the SOL reward pool, and upon receiving their next daily mining reward, 50% of their BTC earnings will automatically be converted to Solana. Right now there are over 15 different reward pools available with more being added each week.
Transparency is key
Transparency is a top priority for Infinity Hash, so users know exactly where their investment goes. The performance of each miner can be tracked live in the public mining pool of the project. This means that the actual Bitcoin mining income is also publicly available, as well as detailed miner information.
Apart from tracking performance and income, each miner is assigned an individual tracking number, which can be checked in the miner list of the mining pool and in the monthly transparency reports and weekly update posts on the Infinity Hash blog. This way, users can exactly follow, when, how and for how much a miner was bought, which model it is, how it is performing and how much revenue it is mining.
Public wallets and how rewards are calculated
The way mining rewards go from the mining pool to each community member is pretty straight forward. Each day, the BTC mining rewards earned by the project's mining pool are used to automatically pay for electricity. The electricity cost is deducted from the total mining rewards, converted to USDT and sent to a public wallet, so everyone can verify the electricity costs match the miners in the pool.
The remaining amount is the total mining profit. The first 50% of this amount will be paid out directly to investors on the same day. They either receive BTC which is the default, or their BTC reward is exchanged to other coins in the background, based on which reward pools they selected.
The other 50% is converted to USDT and sent to the public reinvestment wallet. All funds on the reinvestment wallet are used to finance potential repairs, but most of the time they are used to buy the newest miners and add them to the pool, increasing tomorrow's reward for everyone that holds Infinity Hash Shares. This way, the hash rate per share is always growing, and the project stays competitive in the fast-evolving mining industry.
It is important to emphasize that the funds from the reinvestment wallet, as well as all the money received from selling new shares, is actually invested only in high-quality mining hardware and infrastructure.
Community and privacy first
Infinity Hash is a community project. All participants are involved in the ongoing development of the dashboard and new features like the reward pools. This is done via the projects Telegram group and X account, where surveys are conducted on a regular basis, as well as publishing daily insights from the mining farm itself. Based on those surveys, users can vote on important decisions directly in the dashboard.
Disclaimer: This is sponsored content. The information on this page is not endorsed or supported by U.Today, and U.Today is not responsible or liable for any inaccuracies, poor quality, advertising, products or other materials found within the publication. Readers should do their own research before taking any actions related to the company. U.Today is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.