InfiniteHash
SN89Bitcoin mining pool with Lightning Network integration for instant payouts
A decentralized Bitcoin mining pool that scores ASIC hashrate through on-chain auctions and pays miners in alpha, with Lightning Network rails on the roadmap.
// The Last Bitcoin Mining Pool, made by Bittensor
InfiniteHash is subnet 89. It runs a Bitcoin mining pool where ASIC operators point hashrate at a shared stratum, and the subnet pays them in alpha tokens for the work they actually deliver.
The simple version: A mining pool where payouts are scored by a network of validators instead of a single company, and the BTC the pool earns is converted to alpha and burned to support the token.
Centralized equivalent: Foundry, Antpool, or Luxor. Those are the centralized pools InfiniteHash is positioning against.
How it works:
- Miners point ASICs at the pool's stratum endpoint with worker names tagged by their Bittensor hotkey, then post on-chain bids of the form (hashrate, price).
- Validators run six auction windows per subnet epoch, pick winners with an integer linear program that maximizes purchased PH/s under a budget, and verify delivered hashrate against pool snapshots. Underdelivery puts the miner on a ban list that other validators honor.
- The problem it solves: Bitcoin mining is dominated by a small number of pools whose payout rules are private operator policy. InfiniteHash is trying to make those rules transparent code, with miners' work scored on-chain rather than by a single counterparty.
- The opportunity: If the auction reliably outprices BTC-denominated hashprice after fees (the team's stated Phase 2 design target), independent ASIC operators get a real reason to point hashrate here instead of at a centralized pool.
- The Bittensor advantage: The validator set runs the same auction logic with on-chain commit and reveal, so the price the pool pays for hashrate is something the network agrees on, not something one operator decides.
- Traction signals: Pool depth of 6,703 TAO with 156 TAO of positive net inflow over the past 7 days, four active miners on the auction side, and a live pool dashboard at infinitehash.xyz. Public GitHub activity has continued through late March 2026.
Category: IoT and Edge Computing | Centralized Competitor: Foundry, Antpool, Luxor
InfiniteHash sits in an unusual lane for Bittensor. Most subnets sell AI work, this one buys Bitcoin hashrate. The product is a mining pool, the incentive layer is the subnet, and the longer-term thesis on the team's site frames Bitcoin as a payment rail for an AI-agent economy with Lightning Network as the bridge.
Mechanism:
The validator service runs auctions inside six 60-block windows per subnet epoch (the on-chain tempo is 360 blocks). Miners submit on-chain commitments encoding (hashrate, price) pairs. For each window the validator pulls TAO/USDC, ALPHA/TAO, and HASHP/USDC price feeds, derives a PH/s budget from the miners' share of the subnet's emission, and runs an integer linear program (PuLP CBC solver) to pick the bids that maximize purchased hashrate under that budget. Bids priced too far above the consensus price are dropped before the solver runs.
Delivery is verified by comparing each winner's committed hashrate to observed pool snapshots covering the same window. Average delivered PH/s has to hit at least 95% of the commitment. Miners that miss go on a BannedMiner list that other validators honor through ban-consensus bitmaps. Unused budget is redirected to the subnet owner's burn account, and weights are then posted on-chain through the commit-reveal scheme.
The pool itself currently runs on top of Luxor's stratum (stratum+tcp://btc.global.luxor.tech:700), with workers tagged infinite.HOTKEY.workerID so validators can attribute hashrate to a hotkey. The team's stated Phase 1 is market discovery: all mined BTC is converted to alpha and burned. Phase 2, not live yet, layers a minimum hashrate threshold for base rewards and adds a competitive scoring track for miners who also run quality Lightning nodes.
Recent commits include a mechanism merge that unified mech1 weights into mech0, and a switch in how delivery telemetry is sourced ("stop scraping luxor"), which suggests the validator side is still in active iteration. The repo shows 6 contributors and a most-recent push of 2026-03-27 via direct GitHub API check. Note that miner emission burn currently sits near 99%, consistent with the Phase 1 design where most of what would otherwise pay miners is recycled while the auction calibrates.
The price action is muted but constructive: 0.00393 TAO with positive net flows over 24 hours, 7 days, and 30 days, on a market cap of roughly 15,110 TAO and pool depth of 6,703 TAO. Root prop sits at 0.20, meaning roughly 80% of the pool comes from organic demand rather than protocol subsidy.
- Execution. The Phase 2 hashprice target and Lightning Network scoring track, the parts of the pitch that turn this from "novel pool payout" into "Bitcoin payment rail for AI agents," are not implemented yet. Investors are buying the roadmap.
- Concentration. Ownership and stake distribution skew tight: top-10 share is 79.6%, Nakamoto coefficient is 2, and the Gini coefficient (top 100) sits at 0.85. Large positions can move the pool meaningfully in either direction.
- Liquidity. 24-hour volume is around 994 TAO against a market cap near 15,110 TAO, and pool depth is 6,703 TAO. Larger trades will move price.
- Multi-Token. Economics are linked to Bitcoin hashprice and to Luxor's stratum infrastructure for both routing and delivery telemetry. Disruptions on the Bitcoin side or in the upstream pool feed flow back into validator behavior.
- Mechanism maturity. The validator stack is still iterating on telemetry sources and mechanism counts. Miners and operators should expect continued config changes during this phase.