MemHash # - Proof-of-Work mining in Telegram
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Telegram opens new horizons for digital enthusiasts with an innovative #Memhash mini-application that redefines the concept of cryptocurrency mining. The project is based on a revolutionary approach based on Proof-of-Work technology, familiar to users from the Hashcash algorithm.
The uniqueness of #Memhash lies in the democratization of the mining process. Unlike traditional Bitcoin mining, which requires specialized equipment, here every smartphone owner can become a network participant. The app efficiently utilizes the available computing resources of your device to generate new blocks, giving equal opportunities to all users.
The goal in mining is to find the right hash for the current block, for which a reward is provided. The system distributes it as follows:
70% of the reward goes to the miner who finds the correct hash;
30% is divided among the other participants (Shares).
Optimized calculation algorithms
Adaptive complexity system
Energy efficient use of resources
Transparent remuneration system
Fair distribution of tokens
Scalable remuneration structure
Forming a community of miners
Gamification of the mining process
Achievement and rating system
#Memhash differs significantly from classic Tap-to-Earn projects, where earnings are based solely on the number of clicks. A full-fledged proof-of-work system is implemented here, which guarantees the honesty and transparency of the mining process. Every interaction with the app is backed by real calculations, which creates a fair ecosystem for all participants.
The #Memhash technology infrastructure ensures smooth operation even on mid-price segment devices, making mining accessible to a wide audience. Integration with Telegram allows users to stay connected and monitor the mining process in real time.
In an era where cryptocurrency mining is becoming increasingly centralized, #Memhash offers an alternative path, putting control back in the hands of ordinary users. It's not just an app for making money - it's a technology platform shaping a new way of thinking about mining.
Donating Stars: 200 Stars gives 1,000 energy, 400 Stars gives 2,000 energy, and so on;
Inviting friends: each invitee brings 100 energy;
Completing tasks: for example, subscribing to a channel is 100 energy.
To start earning Memhash tokens, you need to first launch the bot and pay 999 Telegram Stars (there may be temporary discounts, approximately $15 or 2.8 TON when purchased on the Fragment platform) for access. After payment, you will be given the full functionality of the app. Then you can click on the “Start Mining” button and wait until you are rewarded for the mined blocks.
70% of the block reward goes to the miner who found the correct hash. The remaining 30% is distributed among the other participants. However, every 100,000 blocks, the miner's share decreases by 10% until it reaches 10%.
Memhash uses the same mining algorithm as Bitcoin and operates on similar principles. However, Memhash implements dynamic complexity that changes depending on the activity of miners.
Memhash's total mining period is about 60 days and should end by the end of December 2024.
Donations in the form of Telegram Stars are intended to cover various project expenses, such as team pay, infrastructure development, marketing, and so on. They also help weed out fake accounts and bots.
When all 1 billion Memhash tokens are distributed to miners, they will be transferred to the TON blockchain. This means that Memhash tokens will become part of the TON ecosystem and can be used in various applications and transactions on the TON network.
The “Shares” system in Memhash aims to distribute the rewards fairly among all participants, not just the owners of powerful devices. Up to 90% of the reward for each mined block is distributed among the miners in the Shares system, rather than going only to the top miner of the block. This ensures a level playing field for users with different technical specifications.