TeraHash is a new Bitcoin mining protocol that is already getting massive attention. Though it hasn’t fully launched, it has over 8 million users. What began as a simple Telegram game has grown into a powerful mining platform. The company behind it believes Bitcoin mining should be simple and open to all — just like staking.
But how did a game about cats lead to a mining protocol with billions in ambition? Let’s break it down.
From Wall Street to Bitcoin Mining
TeraHash was founded by former Wall Street professionals. They brought deep financial knowledge and a strong global network. They entered the mining world with big goals — and delivered quickly.
Here’s what they built:
- Over 300 megawatts of mining power
- 10+ EH/s of deployed hashrate
- Partnerships with top firms like Bitmain
- At one point, nearly 2% of the Bitcoin network
Despite this success, they noticed a big issue — mining was hard to access.
Why Bitcoin Mining Was Out of Reach
Even though mining can deliver high returns, it’s not easy to get started. Here are the main barriers:
Barrier | Description |
Expensive Hardware | Machines can cost thousands of dollars |
Hosting and Maintenance | Setup and upkeep require technical know-how |
Power and Logistics | Deals with power suppliers and hosting sites are complex |
Long Waiting Periods | Shipping, setup, and configuration can take months |
High Entry Cost | Often needs millions in capital to start |
Returns could reach 20%, 40%, even 100% in some cycles. But these were only available to a few big players.
TeraHash wanted to fix that.
Creating a Simpler System
The team came up with a bold idea: instead of buying a mining rig, what if you could just buy a token?
That’s how they created THS, a token that represents 1 terahash per second (TH/s) of live mining power. Users don’t need hardware or hosting. They just buy THS, and they’re mining.
You could buy a whole THS or even just a fraction. The token would deliver rewards based on actual mining performance.
TeraHash wants THS to be the mining version of ETH in staking — a standard, trusted unit for on-chain mining exposure.
How a Cat Game Onboarded Millions
To attract users, TeraHash didn’t launch with a whitepaper. They launched with a game.
The game was HashCats, a Telegram-based mining simulator featuring cartoonish cats. In the game, users:
- Bought and upgraded virtual machines
- Staked for better yields
- Managed electricity costs
- Experienced halving cycles
Behind the game, a real mining protocol was being built.
The result? Massive adoption:
- 8+ million users onboarded in less than 8 months
- 1 million monthly active players
- Most didn’t know it was tied to real Bitcoin mining
Everyone was earning in-game currency called $HASH — which would later become key to the protocol.
The Reveal: HashCats Was Just the Start
In April, the team revealed the full plan:
- TeraHash is the real protocol
- $THS represents live mining power
- $HASH is the incentive and governance token
$HASH will have multiple roles:
- Discount token for electricity or fees
- Reward token for staking
- Governance token for DAO participation
When users don’t stake their THS, those missed rewards are used to buy $HASH from the market. This increases $HASH demand and offers a new reward path through dual staking (THS + HASH together).
What’s Next for TeraHash?
TeraHash is targeting a July 2025 launch. The roadmap includes:
Launch Element | Purpose |
$THS Token | Represents real hashrate, earns mining rewards |
$HASH Token | Incentivizes staking, discounts, and governance |
Public Dashboard | Shows mining rewards, electricity data, and audits |
Enables community control over key decisions |
The team also promised:
- Regular on-chain audits
- Open access to mining site data
- Integration with wallets and DeFi platforms
By 2028, they hope to tokenize $5 billion in mining power.
TeraHash is building more than a mining app. It’s aiming to reshape how people engage with Bitcoin mining.
If it works:
- Users can mine without machines
- Rewards become accessible and programmable
- Mining joins the DeFi world
The crypto community is watching closely. July will be a big moment.
If TeraHash succeeds, mining might no longer be just for the rich — it could become a global, open-source yield tool for everyone.
Disclaimer
FAQ
Cryptocurrency is a digital form of currency secured by cryptography, not controlled by governments or banks.
Cryptocurrency wallets are digital tools for storing and managing your crypto assets.
Best practices for crypto investment include research, diversification, investing what you can afford to lose, and avoiding hype-driven investments.
