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This is our eighth post in the Infinity Hash Weekly Update series for September 25, 2023.
This week we finished a lot of work on the new dashboard and released it to public beta, as well as added new miners and completed other features requested by the community.
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 nice drop in power consumption due to cooler weather and two new miners in the pool. This resulted in higher rewards and reinvest amounts paid out despite the lower nominal amount of generated BTC. These are the numbers for week 38, 2023 from 2023-09-18 to 2023-09-24.
| Metric | Current data | Change |
|---|---|---|
| Total Miners | 49 Miners | + 2 Miners |
| Total Hashrate | 5.90 PH/s | + 0.21 PH/s |
| Total Shares | 119,381 Shares | + 4,496 Shares |
| Share Price | $ 0.80 | +/- 0 % |
| Rewards generated | 0.0892 BTC | – 2.73 % |
| Reinvested | 453 USDT | + 41 USDT |
| Electricity paid | 1468 USDT | – 84 USDT |
Dashboard and Feature Updates
a) Public Beta Launch of the new Dashboard
We are happy to announce that our new dashboard is now in public beta! We decided to launch even though there are still some design updates and usability improvements in the works, so that we can involve the community in the update process and get direct feedback for further improvements.
What this means for users:
- The Infinity Hash buttons in the MEATEC dashboard will automatically redirect to the new dashboard.
- In case you have to log in again the first time: This is the same account as your current one! No need for new credentials. This will be fixed soon so you can be clicking around between the legacy MEATEC dashboard and the new Infinity Hash dashboard with no problems.
- We will follow up with a detailed blog post explaining all parts of the new dashboard once all the bug fixes and design updates are online.
- If you find any bugs, have any problems, or have any ideas for improvements, please drop us a message on Telegram. We will be working 24/7 to make sure everything runs smoothly over the next few days!
Roadmap for the dashboard:
- Over the next few days: We will be fixing bugs and collecting ideas for further improvements from the community.
- Once all bugs are fixed: Launch of the new marketplace where you can buy and sell Infinity Hash Shares with the community and review of improvement ideas from the community and affiliate partners.
- After the marketplace launch: Design improvements and implementation of improvement and feature ideas from the community as well as Bitcoin Lightning support for withdrawals and deposits.
b) Rewards Split Followup
We completely forgot to tell you about the new Reward Split feature last week. You can now choose what percentage of your rewards will be paid in BTC and what percentage will be paid in USDT. This was a feature requested by the community to be able to set aside a certain percentage of rewards to pay income tax in certain countries, but of course it can be used for all sorts of purposes.
How Reward Splits work: If you set your reward split to 50% Bitcoin, 50% USDT (for example), 50% of the daily reward will be added directly to your wallet as BTC and the other 50% will be converted to USDT. This is done automatically in the background. Please note that this only affects rewards that are not included in the auto-compounding amount, so if you have auto-compounding set to 100%, you won’t see any effect since there are no rewards paid out in BTC to automatically convert to USDT. We hope this feature will prove to be valuable and helpful to the community.
Miner and Farm Updates
This week we added 2 new miners and and increased the community pool hash rate by 228 TH.
| Model | Hashrate | Source | Workder ID |
|---|---|---|---|
| Whatsminer M50 | 112 TH | Share sale | ih48 |
| Whatsminer M50 | 116 TH | Reinvest | ih49 |
Maintenance and Downtimes
There was no notable maintenance this week, resulting in an uptime of 100 %.
Announcements
As far as announcements go, we just want to remind you that we will be attending Bitcoin Amsterdam from October 12th to 13th this year and look forward to meeting some of you at the conference.
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 a lot of development work completed, 2 new miners online and the new dashboard in public beta, we expect a busy week with good profits and lots of community feedback to gather. The newly integrated payout and exchange provider also proved stable last week and will serve as a new baseline for swaps and withdrawals while we work on a home-grown, cheaper solution to get better swap prices and allow cheaper BTC withdrawals.
Weather conditions
We expect a cloudy week with slightly lower temperatures than last week, averaging at 13.4°C / 56.1°F at the mining farm. This should result in a small but noticeable profit increase.
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!
