#Memhash: Mining based game

#Memhash offers a mechanism for game tokens distribution, leveraging the principles of Proof-of-Work (PoW) inspired by Hashcash, in a manner similar to Bitcoin mining. Participants (miners) generate blocks by computing valid hashes, with the first participant to successfully solve the hash receiving the block reward (game tokens).

In this framework, tokens are accessible to all participants, but each claim requires the successful completion of a computational challenge, creating a fair and equitable earning environment.

The more computational power you have, the more chances to mine a block, but for more fair distribution we added 'share' and energy system.

How it works?

In simple words: you are using your device power to solve some kind of captcha to receive for that tokens in return.

Specification:
Total Blocks:
1,000,000

Total Token Supply:
1,000,000,000 coins

Block Generation Interval:
~5-6 seconds per block

Rewards:
Rewards per block increase incrementally and starts with 500, promoting sustained participation while preventing early participants from dominating the token supply.

Difficulty Adjustment:
Mining difficulty is recalibrated automatically every 10 blocks to maintain consistent block generation. As the number of miners increases, so does the difficulty, mitigating the risk of accelerated mining.

Energy:
Since app it self doesn't have many social features, energy is applied to solve this problem and improve fairness.

Reward Allocation

Full Block Reward:
If a single participant mines the block, they receive 100% of the reward.

Shared Mining Rewards:
When multiple participants contribute partial solutions (referred to as shares), the primary miner is awarded 70% of the block reward. The remaining 30% is distributed proportionally among the share contributors based on their contributions.

Mining Timeline

Mining Duration:
The mining process will continue until all 1,000,000 blocks are generated and estimated ending date is ~31 December 2024

Token Distribution:
Upon completion, the total in-game tokens supply will be allocated to miners through the TON Blockchain. (jetton)

Shorter version for everyone:

→ The Mini-app it self basically has the only one button "Start Mining" by pressing it you can earn some tokens which will be distributed on-chain after few weeks since now.

→ When you feel more confident and get more questions in your mind, please return and read longer version.

→ Feel free to join our group to discuss or ask a question.