Infinity Hash Weekly Update #12 – Oct 23, 2023

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.

Metric	Current data	Change
Total Miners	55 Miners	+ 1 Miners
Total Hashrate	6.53 PH/s	+ 0.28 PH/s
Toplam Hisse	131,131 Shares	+ 800 Shares
Hisse Fiyatı	$ 0.85	+ 6.25 %
Rewards generated	0.0633 BTC	+ 31.86 %
Reinvested	337 USDT	– 127 USDT
Electricity paid	1094 USDT	– 509 USDT

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.

Model	Hashrate	Source	Workder ID
Whatsminer M50	114 TH	Share sale	ih55

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.

News, Links and Outlook

Infinity Hash Articles and Socials

Since there have been a lot of questions 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.

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.

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!