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This is our twenty-fourth post in the Infinity Hash Weekly Update series for January 15, 2024.
This week we added a lot of new miners, finished an explanation video for the project in English, and had prolonged downtime and problems with one of the power lines going to our mining farm. Apart from this, the Bitcoin ETFs were launched but had only a small immediate impact on the Bitcoin price, which only increased a bit.
You can always get a full overview of past charts and numbers on the Weekly Updates page.
Project Updates
Infinity Hash in Numbers
These are the numbers for week 2, 2024, from 2024-01-08 to 2024-01-14.
| Metric | Current data | Change |
|---|---|---|
| Total Miners | 132 Miners | + 22 Miners |
| Total Hashrate | 15.47 PH/s | + 1.74 PH/s |
| Total Shares | 245,639 Shares | + 3338 Shares |
| Share Price | $ 2.49 | – 8.56 % |
| Rewards generated | 0.14638144 BTC | + 10.81 % |
| Reinvested | 2220 USDT | + 300 USDT |
| Electricity paid | 3583 USDT | + 311 USDT |
Dashboard and Feature Updates
Auto compound and reward split fixes
This week we worked on fixing some bugs regarding auto-compounds and reward split entries. All affected entries on the user side will be re-booked on January 15th or 16th. In the background, the issue was due to an API endpoint used to communicate with our exchange provider, which we could resolve by improving our own API client implementation. The improvements will also be added to the swap feature in the dashboard, so we can provide a more stable service and reduce the number of failed swaps (basically market orders) for all users.
(If you still see any error, please send us a quick text on Telegram or via email so we can resolve it).
Withdrawal and deposit page
Other than that we added more deposit options in the background and are now ready to update the deposit and withdrawal pages in the dashboard to make them more straight forward and the user interface more logical and easy to use for new users.
Miner and Farm Updates
This week, we added 22 new miners, increasing the community pool hash rate by 2684 TH.
| Model | Hashrate | Source | Workder ID |
|---|---|---|---|
| Whatsminer M50 | 128 TH | Share sale | IH111 |
| Whatsminer M50 | 128 TH | Share sale | IH112 |
| Whatsminer M50 | 128 TH | Share sale | IH113 |
| Whatsminer M50 | 128 TH | Share sale | IH114 |
| Whatsminer M50 | 128 TH | Share sale | IH115 |
| Whatsminer M50 | 128 TH | Share sale | IH116 |
| Whatsminer M50 | 128 TH | Share sale | IH117 |
| Whatsminer M50 | 128 TH | Share sale | IH118 |
| Whatsminer M50 | 128 TH | Share sale | IH119 |
| Whatsminer M50 | 128 TH | Share sale | IH120 |
| Whatsminer M50 | 128 TH | Share sale | IH121 |
| Whatsminer M50 | 128 TH | Share sale | IH122 |
| Whatsminer M50 | 128 TH | Share sale | IH123 |
| Whatsminer M50 | 128 TH | Share sale | IH124 |
| Whatsminer M50 | 128 TH | Share sale | IH125 |
| Whatsminer M50 | 128 TH | Share sale | IH126 |
| Whatsminer M50 | 128 TH | Share sale | IH127 |
| Whatsminer M50 | 128 TH | Share sale | IH128 |
| Whatsminer M50 | 128 TH | Share sale | IH129 |
| Whatsminer M50 | 128 TH | Share sale | IH130 |
| Whatsminer M50 | 128 TH | Share sale | IH131 |
| Whatsminer M50 | 124 TH | Reinvest | IH132 |
Maintenance and Downtime
Unfortunately, we had a longer downtime this week due to a power line to our mining farm breaking down as a result of a load peak. The line itself is the responsibility of our electricity provider, which meant that we were not allowed to repair it ourselves.
The line was repaired directly on Thursday, January 11, but the underlying problem was probably not solved, which led to the same line failing again on Friday/Saturday, January 12/13. As the electricity provider did not have sufficient capacity to repair it immediately on the weekend, we have temporarily switched the supply to another line and expect the final repair to be completed in the week commencing January 15.
The total uptime for this week was 86%.
Links and Outlook
Infinity Hash Articles and Socials
We finally finished a proper video explaining how the project works, which is much faster than reading through the whole blog content. We will add translated versions as well as a shorter version in Russian and German. The current version below was added to all landing pages to increase conversions for everyone using landing pages for the affiliate program.
The video is available on YouTube at the following link: https://youtu.be/vgWpipkuQxE.
Feel free to use it in any way you see fit! If you have any suggestions or changes to make to improve it, we would love to hear about it and are always available on Telegram and Discord 🙂
Outlook and Mining Forecast
For the coming week, we expect drastically higher rewards and hope the problems with the power line will be finally fixed. Furthermore, we will be able to add at least one new miner via the reinvest wallet and increase profits for the whole community further this way.
Weather conditions
The forecast for this week shows slightly higher temperatures again, with an average of -12.8°C / 8.96°F. These are still good temperatures for mining that provide great 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!
