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Ore: Mining has been paused to focus on v2 development.

Sep 12, 2024 18:38:15

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ChainCatcher news, according to official sources, the mining project Ore on the Solana chain has announced that mining has been suspended 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.

Ore developers stated that mining will resume once the current system issues are resolved and the open-source client software is rebuilt for users. This process is expected to take several weeks, as these changes need to be implemented, tested, and audited.

It is reported that ORE is a mineable token that was deployed on April 2 on Solana, providing an opportunity for those who deposit SOL into the smart contract to earn a protocol reward of 1 ORE per minute by correctly solving cryptographic puzzles similar to proof-of-work operations.

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