Good afternoon guys and gals.
Batch 1 has gone offline as previously announced at approximately 2:00 am UTC, August 11. The units have now officially entered their relocation phase and GHfarm is therefore hashing at 250 TH/s for the duration of the relocation. We’ll keep you all updated on the status of the relocation via this thread.
Important update on the previously announced burn process for GHX.
The team has decided (after speaking to a number of GHX bag holders) that we won’t go through the process of burning 25,000 GHX only to re-issue them again in approximately 2 weeks time.
As you all know we’re a small team and we’ve been swamped with work in the last weeks including the logistics of relocating the hardware, website development, ledger development and cloud updates. Not having to manage the burn process frees up time which is better spent on more important tasks.
We’ve also come to the conclusion that the members who had originally agreed to participate in the burn are also (to a large extent) those who made made GetHashing become a reality. It didn’t feel right to have you guys sitting on the sideline for the duration of the relocation.
We believe that the decision made is in the best interest of everyone including ourselves and our members. We’ll be effectively reduce the maintenance fee by 50% with tomorrow’s payout, the mining revenue however will be distributed across 50,000 shares.
GHfarm mining shift August 11th.
Originally batch 1 was scheduled to go offline at 10:00pm Hong Kong time, August 10th. The batch was however taken offline at approx 8:00am HK time, August 11th.
Due to the delay the batch went offline approx 2 hours prior to the last GHfarm shift ending which means that we’ll process a full day mining today and we’ll adjust the maintenance fee to reflect 22 hours of work / power consumption.
In addition, there was a short maintenance earlier today between noon and 3:00 pm UTC which will have a slight impact on tomorrow’s mining revenue.
Finally, the batch 1 hardware was configured in specific groups and pairs with Bitmain for our rentals on BetaRigs, NH/WH mining and co which means that we’ll require one additional maintenance in the next days for Bitmain to regroup B2 and update the port routing of those units.
Please don’t hesitate to ask any questions concerning the relocation in this thread. We’ll make sure to keep this topic updated.