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This is our fifth post in the Infinity Hash Weekly Update series for September 4th, 2023.
This week has been filled with a huge amount of updates and improvements in the background. We will cover their current status and let you know how far we have come in implementing those improvements.
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 a stable continuation of last week’s trend for most metrics with slightly higher Bitcoin prices than last week, resulting in slightly higher generated rewards. These are the numbers for week 35, 2023 from 2023-08-28 to 2023-09-03.
| Metric | Current data | Change |
|---|---|---|
| Total Miners | 45 Miners | + 0 Miners |
| Total Hashrate | 5.39 PH/s | + 0.02 PH/s |
| Total Shares | 110,584 Shares | + 3625 Shares |
| Share Price | $ 0.80 | +/- 0 % |
| Rewards generated | 0.0817 BTC | + 1.86 % |
| Reinvested | 367 USDT | – 32 USDT |
| Electricity paid | 1412 USDT | + 42 USDT |
Dashboard and Feature Updates
Since there are no major updates that have been completed this week, we will use this section to inform you about the current status of the aforementioned updates and to give you a better overview of what we will be releasing in the coming weeks.
a) Launch of the new dashboard
Over the last week we have been working hard to improve the dashboard experience for all community members. While showing different development stages of the new dashboard to some investors and community members, we received a lot of valuable feedback and decided to make another round of improvements in line with the long-term nature of the project. We want to provide a high quality user experience that combines ease of use and powerful features. Here is a preview of the current version, which will be further tested to ensure a high quality product.
As always, we will keep you updated on social media and Telegram and expect the dashboard to go live in the next few days.
b) Buy Infinity Hash Shares with Bitcoin
As promised last week, you can now buy Infinity Hash shares directly with Bitcoin. This closes the loop and we are happy that the whole Infinity Hash project is now entirely Bitcoin enabled.
c) Marketplace update
The marketplace is still planned as announced last week and is currently being tested with the new dashboard. We have used feedback from some community members to improve our initial design and optimize it for a liquid internal market that allows buying and selling of shares in the community. Updates and news about the marketplace will be included in upcoming announcements and updates on the new dashboard.
d) Bitcoin Lightning support and swap options
Bitcoin Lightning support will be available shortly after the new dashboard goes live, but will remain on hold until then. The feature will include deposits and withdrawals, allowing for cheaper Bitcoin transfers and a higher ROI for all community members.
Miner and Farm Updates
Apart from the usual maintenance, there is no significant news regarding the farm or new miners. For the next few weeks, we may need to install new containers to provide dedicated space for the Infinity Hash mining pool and to maintain sufficient capacity for larger purchases.
Maintenance and Downtimes
This week we had only one minor downtime for maintenance of some equipment, resulting in an uptime of 98.26%.
Announcements
a) Temporary feature deactivation
Due to ongoing issues with our primary exchange and pay-out provider, we have decided to switch to a better provider. This will allow us to improve our swap and payout offerings in the future and make the dashboard more stable (as well as reduce fees for USDT payouts).
Due to the transition to the new provider, the following features will be disabled for up to 48 hours:
- Payouts
- Swaps
The features will be disabled on September 7th at 23:45 UTC. If you experience any problems or need your withdrawal before the features are available again, please contact us in Telegram or via email at [email protected] so that we can help you manually. We will keep you up to date and re-enable all features as soon as possible!
Links and Outlook
Transparency:
- 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 several major updates in final testing, we expect to make the whole project more accessible, easier to understand for new users, and much more comfortable and enjoyable to use for existing users. This may also lead to larger infrastructure investments and faster growth of the community pool, which would ultimately result in higher levels of liquidity in the coming marketplace, benefiting all community members and users.
Weather conditions
We expect a dry and sunny week with little to no rain in the forecast and an average temperature of 13.6°C / 56.5°F at the mine. These are slightly hotter conditions than last week and should not result in any noticeable changes in performance or profitability.
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!
