Ore: Mining has been paused to focus on v2 development

PANews reported on April 16 that Ore, the Solana on-chain mining protocol, announced that mining has been suspended in order to focus on the development of v2. There is no deadline to claim rewards, and all existing Ore tokens can be upgraded to new v2 tokens on a 1:1 basis.

Ore developers stated that mining will resume after the current system issues are resolved and the open source client software is rebuilt for users. Expect this process to take several weeks as the changes need to be implemented, tested and reviewed.

DEX Screener data shows that the price of ORE tokens is currently at $280.93, a drop of more than 92% from the historical high of $3,792.28 on April 5. According to previous news, ORE accelerated Solana network congestion earlier this month.