- It’s a miner, uses the devices processing power, but from a normal PC it mines fine, as you realised, the device should work.
- Entry is paid, 1000 stars* today and will get more expensive.
- Funders are the same as Major (or close to it).
- End of mining — once all coins are mined, tentatively end of December.
- Those who join later — farm more expensive and get less.
- Mining started on the 29th of October.
*The best option is to buy Telegram stars directly on Fragment
*To start mining in the app, open the “Mining” section and tap “Start Mining”. It is important to remember that token mining only happens when the app is open on your device.
Du Rove’s Channel mentioned the project in the post
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.
1 million blocks or 60 days of mining
Mining in #Memhash is not an eternal process. Mining started on October 29, 2024 and is scheduled to run for approximately 60 days, and by December 31, 2024, the entire billion tokens will be mined. The initial reward per block is 500 tokens, then it gradually increases, with the reward to the primary miner decreasing by 10% for every 100,000 blocks until it reaches 10%. Thus, the remaining 90% of tokens will be distributed among all participants in the Share mining pool.
Once all tokens are mined, they will be distributed among the miners on the TON blockchain.
