From Game to Top Mining Protocol

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:

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:

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.