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Solana on-chain mining project Ore has been suspended and is expected to resume after upgrading to v2 in a few weeks

Solana on-chain mining project Ore has been suspended and is expected to resume after upgrading to v2 in a few weeks

CointimeCointime2024/04/16 15:52
By:Cointime

Ore, a mining project on the Solana blockchain, announced that mining has been temporarily suspended in order to focus on the development of v2. There is no deadline for claiming rewards, and all existing Ore tokens can be upgraded to the new v2 tokens at a 1:1 ratio. The Ore developers stated that mining will resume once current system issues are resolved and they have rebuilt the open-source client software for users. This process is expected to take a few weeks as it requires implementation, testing, and auditing of these changes. ORE is a mineable token that was deployed on Solana on April 2nd, providing an opportunity for those who deposit SOL into the smart contract to solve cryptographic puzzles through similar proof-of-work operations and earn a protocol reward of 1 ORE per minute.

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