What does mining voting mean (losing a lot of money in mining machines)?

What does mining voting mean? What does mining voting mean?

By the price of Bitcoin transactions and the height of blocks, it determines whether a node can obtain how many votes. Mining voting can be done on the Ethereum blockchain, but due to network congestion, in order to ensure decentralization and security, ordinary people cannot participate in on-chain voting. If someone disagrees with the price of a certain currency, then they can use this token to vote for their own choice.

When a user submits the number of votes they want to participate in, rewards will be distributed according to a certain proportion (e.g. ETH/BTC); at the same time, the user’s vote can also be regarded as competitive; and these rewards will be directly deposited into the corresponding account.

Losing a lot of money in mining machines

A user has reported to a certain exchange that they have been cheated by a fraudulent individual. The platform staff claimed that they can receive virtual currency “DCG” by purchasing Bitcoin and Ethereum through “mining”. Currently, many customers have suffered losses due to scams. One investor stated that they have deposited over 1000 yuan into their account for investment, but later transferred the digital assets to another third-party “mining service company” to mine other tokens, and were required to pay taxes and high returns. (Blockchain Dynamics)