Memhash

Memhash is a Telegram mining game on TON that launched in October 2024, adapting a Bitcoin-style proof-of-work algorithm into a version that works on a phone: the user presses a mining button and the device works with partner nodes to search for a valid hash for the current block.

It replaces Bitcoin's winner-takes-all payout with pool sharing: the miner that finds a block keeps 70%, the rest share 30% by contribution, and difficulty adjusts every 10 blocks to hold a five-to-six-second block rhythm. Mining consumes energy, which recovers over time and can be topped up through tasks or in-app purchases. The full schedule covers one million blocks, and the token is issued as a TON Jetton. The first mining round closed on 3 February 2025, withdrawals to centralised venues opened on 20 February and listing completed on 28 February; a second phase then required participants to lock at least half of their mined MEMHASH to mine the next token, HASHCASH.