Bitcoin-like mining protocol Ore halts mining on Solana amid network congestion | Headlines | News | CoinMarketCap
04/17/2024 01:25
After exacerbating congestion of the Solana network, Ore, the project with a token mined akin to bitcoin, announced it is pausing mining. "I have …
After exacerbating congestion of the Solana network, Ore, the project with a token mined akin to bitcoin, announced it is pausing mining.
"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."
After the project launched about two weeks ago, it captured the attention of the Solana community, which began ore mining in earnest. Due to the quick rise in interest and mining, more transactions flooded the Solana network, seemingly contributing to congestion issues.
Meanwhile, Solana was also grappling with another source of congestion: increased transactions initiated by both bots and …