This is our thirteenth post in the Infinity Hash Weekly Update series for October 30th, 2023.

This week we added four new miners, finally launched the community marketplace in public beta, and significantly increased profits despite suffering about 8% downtime due to power outages.

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, the bitcoin price remained more or less stable, but we managed to get much more uptime than last week’s abominable 72.8%, which allowed us to actually take advantage of the cold winter weather at the mining farm and significantly increase the amount of Bitcoin rewards generated. These are the numbers for week 43, 2023 from 2023-10-23 to 2023-10-29.

MetricCurrent dataChange
Total Miners59 Miners+ 4 Miners
Total Hashrate7.12 PH/s+ 0.59 PH/s
Total Shares141,882 Shares+ 10,721 Shares
Share Price$ 1.02+ 20.00 %
Rewards generated0.0938 BTC+ 48.18 %
Reinvested722 USDT+ 385 USDT
Electricity paid1631 USDT+ 537 USDT
Infinity Hash’s metrics for the week ending October 29, 2023 – compared to the week before

Dashboard and Feature Updates

To make it short: After a long time of anticipation, the Community Marketplace is finally online! Although it is fully usable, we are still implementing updates and improvements in the background to increase usability and add some features. Please consider it a public beta for the next couple of days. We are looking forward to your suggestions and bug reports via Telegram!

First screenshot of the new community marketplace
First screenshot of the new community marketplace with ares 1 (buy/sell history) and 2 (buy backs by MEATEC) marked

To quickly explain the empty areas in the screenshot:

  1. Your buy and sell history: Here you can see the history of your executed buy and sell orders, including the number of shares, the share price and the total volume. We’ll soon be adding more information (such as the date) to make sure you get a proper overview of your trading history.
  2. Buybacks by MEATEC: This is where you will see any buybacks we do as a company to support the community and provide exit liquidity for any shareholders who wish to exit their positions. We also do this to further align the company’s incentives with the community, and as a rule of thumb, we will slowly but surely buy up anything below the current official share price (the price at which new shares are sold). We have a few more ideas on how to use the marketplace to add more long-term incentives to the whole project, and will go into more detail on them once we have run some simulations and calculated their feasibility. The “buyback account” will behave exactly like a normal user (same prices, same functionality, no special treatment). The only difference is that it’s actions will be public to provide transparency to the community.

We also made a short video that goes into detail about the new Marketplace, how all the features work, and the changes and improvements that will be made in the coming days and weeks.

Miner and Farm Updates

This week we added 4 new miners, increasing the community pool hash rate by 464 TH.

ModelHashrateSourceWorkder ID
Whatsminer M50116 THReinvestIH056
Whatsminer M50112 THShare saleIH057
Whatsminer M50120 THShare saleIH058
Whatsminer M50116 THShare saleIH059
New Miners added to Infinity Hash from 2023-10-23 to 2023-10-29

Important note on changed worker-IDs: We have changed the worker ID naming scheme from “ihXX” to “IHXXX”. For example, the former worker ID “ih05” is now “IH005”. We did this because we would have run out of number otherwise. We chose three numbers after “IH” because we probably won’t reach more than 999 workers before we start introducing a new generation of miners (probably Whatsminers M60 series, but we can’t confirm this yet because we are still testing several different models for their build quality). The name change may have caused some areas like the blog home page and the dashboard to incorrectly display the total number of miners in the project, counting active and inactive miners instead of just the active ones.

Maintenance and Downtimes

This week we had an extended downtime on October 29th due to a power outage. The outage was most likely caused by a rapid change in local weather and lasted several hours. This resulted in a total uptime of about 92%.

Links and Outlook


  • 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 many new miners added and high, stable Bitcoin prices, we expect a great week with even higher profits and new important updates to the marketplace and other dashboard views.

Weather conditions

We are fortunate to be stuck with last week’s cold weather conditions, averaging around 0.0°C / 32.0°F in this week’s forecast. This will keep profits high and allow us to squeeze more hashrate out of each miner due to optimized cooling conditions.

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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