Ore’s Innovative Mining Protocol Pauses Operations On Solana Due To Network Speed Bumps

• The pseudonymous Ore contributor, @HardhatChad, announced on X that the project would halt mining due to heightened congestion on the Solana network.
• Additionally, @HardhatChad mentioned that v2 of Ore is expected to be ready in the upcoming weeks.

Ore, a project with a token mined similarly to bitcoin, announced a pause in mining after exacerbating congestion on the Solana network.

“I have decided to pause all mining, effective immediately,” posted @HardhatChad to X, who appears to be the pseudonymous designer of the Ore project. “I believe this action to be in the best interests of Solana, Ore holders, and the fastest path forward to v2.”

Launched approximately two weeks ago, the project quickly garnered attention from the Solana community, leading to a surge in ore mining activities. This sudden spike in interest and mining activity flooded the Solana network with transactions, exacerbating congestion issues.

Concurrently, Solana faced additional congestion from increased transactions initiated by bots and newly introduced memecoins. This surge in block space demand resulted in network slowdowns. Solana responded by releasing a patch update to address the congestion.

“Ore launched just two weeks ago as an experimental hackathon project,” @HardhatChad also said on X. “Since then, it has grown to become the most used program on Solana by transaction count, and generated a greater peak load of mainnet network traffic than any smart contract in blockchain history.”

In the Ore network, miners utilize cryptographic puzzles to safeguard the system and receive cryptocurrency rewards. The amount of puzzles solved determines miners’ earnings, providing them with a portion of 1 ORE per minute.

“The recent difficulty updates have shown conclusively that a new contract design is needed,” @HardhatChad also said on X. “By pausing now, I will gain much needed time to study the data, organize a team, and focus our energies on getting v2 right.”

On Tuesday, @HardhatChad expressed on X spaces that v2 of Ore is anticipated to be available within a “few weeks.”

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