This is our twelfth post in the Infinity Hash Weekly Update series for October 23rd, 2023.

This week we added a new miner, fixed and improved our power line setup during a major outage, added more blog makaleler and project information, and finished a lot of marketplace development.

You can always get a full overview of past charts and numbers on the Weekly Updates page.

Project Updates

Infinity Hash in Numbers

This week we saw an increase of about 500 USD in our average BTC price, added a new miner to the pool and had a major downtime due to problems with our power line. Overall, we were more efficient at generating profits, but we got a noticeable decrease in mined rewards due to the downtime. These are the numbers for week 42, 2023 from 2023-10-16 to 2023-10-22.

MetricCurrent dataChange
Total Miners55 Miners+ 1 Miners
Total Hashrate6.53 PH/s+ 0.28 PH/s
Toplam Hisse131,131 Shares+ 800 Shares
Hisse Fiyatı$ 0.85+ 6.25 %
Rewards generated0.0633 BTC+ 31.86 %
Reinvested337 USDT– 127 USDT
Electricity paid1094 USDT– 509 USDT
Infinity Hash’s metrics for the week ending October 22, 2023 – compared to the week before

Dashboard and Feature Updates

Our entire development team is still working to finalize the Community Marketplace, but we now have a likely launch date somewhere at the end of next week. In other words: We should be online before the beginning of November. Here is a list of the features that are already finished and working:

  • Sell Shares via limit orders
  • Cancel your existing limit orders
  • Buy individual sell orders from other community members
  • View your buy/sell history
  • Export your buy/sell history
  • Buyback functionality (via Reinvest)

Here are the features that we are still working on:

  • Aggregated market buy orders (basically buy up all the cheapest sell orders from the community)
  • Transparent trading volume display
  • UI improvements (mobile)

All in all, we are finally nearing completion just as the share price is about to hit $1.00 so that trading can begin and we can finally call ourselves a legitimate project that allows people to easily exit their position without having to go the OTC route.

Miner and Farm Updates

This week we added 1 new miner and increased the community pool hash rate by 114 TH.

ModelHashrateSourceWorkder ID
Whatsminer M50114 THShare saleih55
New Miners added to Infinity Hash from 2023-10-16 to 2023-10-22

Maintenance and Downtimes

This week’s uptime was only at 72.8% due to a major problem with one of our power lines. We took the time to install some safeguards to prevent or at least minimize such problems in the future, and also used the time to perform some maintenance, as well as to optimize and set up all the miners perfectly, pushing the overall hash rate to over 6.5 PH/s. We will see the positive effects of these actions starting on Tuesday the 24th.

Screenshot from the Infinity Hash dashboard where you can see the major dip in hash rate from October 17th to 23rd.
Screenshot of the Infinity Hash dashboard showing the big drop in hash rate from October 17th to October 23rd.

News, Links and Outlook

Infinity Hash Articles and Socials

Since there have been a lot of sorularınız about features and operation, we’ve created a SSS page that we will update regularly. This page also contains a form at the bottom where you can ask questions that we have not included in the FAQ. We’ll answer those questions (send you an email or telegram if you provide contact information) and add them to the FAQ as well.

SSS

SSS

Find answers to the most frequently asked questions about Infinity Hash. Didn’t find your answer? Just ask us right here!…
READ MORE SSS

We have also added a “Propaganda” page where we will be collecting memes and other guerilla marketing material for fun and profit. If you find or create some memes and want to add them, we’d be happy if you send them to us 🙂 (Memes are one of the most effective marketing tools!).

In addition, we have created a detailed how-to article explaining how to buy Infinity Hash shares for new users.

Finally, we have added a sort of landing page that explains how Infinity Hash works in more detail. This page is still a work in progress and will be filled with more and more information over the next few days.

Important Mining News this Week

As Bitcoin has just crossed some important resistance zones, we wanted to give a quick, zoomed-out overview of how we see the market from a long-term mining perspective and look at the approaching halving date.

low to halving price action 2018 2020 - Infinity Hash Weekly Update #12 – Oct 23
(Blue area) The market low of Bitcoin in 2018 in the lower left to the halving in 2020 in the upper right on weekly candlesticks. This took exactly 518 days and was a pretty fun time for miners.
low to halving price action 2022 2024 - Infinity Hash Weekly Update #12 – Oct 23
(Blue area) the last market low of Bitcoin in 2022 in the lower left to the predicted halving in 2024 if we assume an average block time of 10 minutes. This would also take exactly 518 days. Based on the overlaid ghost feed (light gray in the background) this would predict a halving price of around 38k USD.

Going sideways at 30-40k USD per Bitcoin would already result in great profits for mining, but it looks like Bitcoin ETFs will be approved and trading in the next days or weeks, which could result in even higher prices and significantly increase mining profits.

Şeffaflık

  • ViaBTC Pool: Get a complete and transparent overview of the Infinity Hash mining pool.
  • ViaBTC Workers: A detailed live list of all miners in the Infinity Hash pool, including their current status
  • Reinvest Wallet: The reinvest wallet where 50% of all profits are sent to buy new miners for the community. You can see incoming reinvest transactions under “Transfers” in the form of incoming USDT transactions. The wallet address is: TMaymjtdjGkS7n2uHbGQX2emznyD6pZVx4
  • Electricity Wallet: The electricity wallet is used to pay all electricity costs for the Infinity Hash Pool. As with the Reinvest wallet, you will find all incoming USDT transactions under “Transfers”. The wallet address is: TBy6NqQRUUQetSA8yeNgDBs6mh43hmcSm5

Outlook and Mining Forecast

With some major issues fixed, a new miner and significantly higher Bitcoin prices, we are expecting a week of even higher profits for the community and should get the final features of the marketplace online.

Weather conditions

We are finally entering the first week of freezing temperatures and frost! The forecast for this week is an average temperature of -2.1°C / 28.2°F. This will make for really good cooling conditions and allow us to put more load on the miners to safely generate higher profits.


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!

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