Solana

2024

April

Ore (v1)

The Ore project, which is well known for its token mined similarly to Bitcoin, has declared to cease all mining operations starting today as a reaction to increased congestion on the Solana network. The choice followed long hours of automated mining since the launch of Ore, which <a href="https://x.com/HardhatChad/status/1780249831207837726" target="_blank" data-wpel-link="external">increased </a>the congestion problems that Solana was already experiencing. 
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 I have decided to pause all mining, effective immediately. I believe this action to be in the best interests of Solana, Ore holders, and the fastest path forward to v2. 🧵— Hardhat Chad (@HardhatChad) <a href="https://twitter.com/HardhatChad/status/1780249831207837726?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 16, 2024</a>
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Solana’s infrastructure got overloaded primarily because of the huge surge in activity, especially the intense mining of new cryptocurrencies. This overload was worsened by the high transaction volumes from bots and newly launched meme coins, leading to network congestion. Solana responded with stabilizing updates aimed at dealing with congestion issues. 
As @HardhatChad shared in the community <a href="https://x.com/HardhatChad/status/1780249831207837726" target="_blank" data-wpel-link="external">newsletter </a>on Ore’s Official Twitter account, they’re pausing to give the network a breather and focus on <a href="https://x.com/HardhatChad/status/1780249831207837726" target="_blank" data-wpel-link="external">improving </a>version 2. They plan to enhance the contract design for mining during this time. The community noticed a decrease in network traffic, giving Solana some time to react to its congestion issues. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <a href="https://www.cryptotimes.io/2024/04/17/coinbase-wallet-integrates-with-solana-dex-to-trade-tokens/" data-wpel-link="internal">Also read: </a><a href="https://www.cryptotimes.io/2024/04/17/coinbase-wallet-integrates-with-solana-dex-to-trade-tokens/">Coinbase Wallet Integrates with Solana DEX To Trade Tokens</a> 
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Ore Project Halts Mining Amid Solana Network Congestion

The Crypto Times

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