The Solana on-chain mining project Ore has been suspended and is expected to resume after upgrading to v2 in a few weeks
2024-04-16 23:44:55
On April 16th, Solana's on-chain mining project Ore announced that mining has been suspended in order to focus on v2 development. There is no deadline for receiving rewards, and all existing Ore tokens can be upgraded to the new v2 version 1:1.
Ore developers say mining will resume when the current system issues are resolved and the open-source client side software is rebuilt for users. This process is expected to take several weeks as the changes need to be implemented, tested, and reviewed.
ORE, a mineable token, was deployed to Solana on April 2, offering people who deposit SOL into a smart contract the opportunity to earn a protocol reward of 1 ORE per minute by correctly solving cryptographic puzzles similar to proof-of-work operations.