One year ago today, ORE introduced virtual mining on @solana.
Mining no longer required specialized hardware or an electricity arms race. Anyone could compete for newly issued ORE, with the additional incentive of accumulating unrefined ORE.
A year of iteration and refinement later, the principle remains: fair distribution, open participation, and a monetary design that rewards patience.
All you need is a Solana wallet.
Start mining: https://t.co/RTfnW6AKDC
Introducing the ORE Media archive.
For the ORE historians, the curious newcomers, and everyone in between.
Interviews, announcements, community research, articles, and videos from across the ORE ecosystem, dating back to April 2024.
Browse here: https://t.co/vgLYZpGDql
Today on MCG
solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp | @ore w/@HardhatChad
ORE runs a Solana mining protocol that produces a scarce digital asset designed as a long-term store of value
Highlights include:
00:08 - Mining protocol resurgence context
01:03 - Hardhat Chad Intro
02:31 - Origin story, launched April 2024
02:58 - ORE launch congested Solana
04:24 - Take on proof of useful work
06:19 - Why AI mining and inference will decouple
9:40 - Big AI companies actually mine proof of useful tokens
13:00 - Ore Timeline till now
15:00 - Reserve mechanism, replacing top-blast buybacks
16:34 - 10% of protocol revenue feeds reserve
20:37 - Reserve growth, 1% to 10% rollout
22:28 - Why decentralized buybacks matter
25:13 - Reserve TVL growth
27:29 - New learn/docs section shipped(Next Steps)
28:37 - Governance coming via decision markets
29:38 - Jito SOL for reserve yield
31:40 - solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp token value acquisition
34:00 - Ore X @MetaDAOProject soon?
The long-term vision for ORE is a monetary system that doesn't depend on any team, foundation, or centralized operator.
One piece of that puzzle is the ORE Reserve, which can allocate protocol revenue permissionlessly. @HardhatChad makes the case for directing more revenue toward the Reserve.
What percentage of mining revenue should go to the Reserve?
Mining Report: A fresh wave of miners.
223 first-time miners joined this week, up 44% from last week and the largest influx of new miners since August.
Mining volume also reached its highest weekly level since July, with 98,035 SOL deployed.
How should the market value $ORE as its treasury grows?
@HardhatChad sees @ore’s reserve as more than token backing, using deep liquidity and buybacks to support $ORE while preparing for future asset classes
The long-term vision is to eventually include tokenized real-world resources like energy and physical commodities, giving $ORE exposure to whatever financial instruments emerge next
@sacha Yes Ore's issuance curve and longer token distribution schedule is better for the average person who wants to participate in mining into the future.
I posted this in discord the other night, but also memetically I like the yellow hardhat as a symbol of the people.
Added 1,162 mORE holders in the past 24 hours. Keep in mind that people can hold multiple wallets, but this is with all crypto. Up and to the right trajectory of the chart is what we want to see. Few understand, then later, many will. ⛏️
Nicholas Oresme warned in the 1300s that rulers would inevitably “clip” or “lighten” coinage.
Jefferson said the same about paper notes.
Both understood the same truth:
Once a sovereign can alter the money, they eventually will.
We’ve normalized this power so completely that we forget how strange it is:
Your money can be stopped mid-flight because the issuer, or one of its satellites, disagrees with your behavior.
This is the endgame of every centralized monetary standard:
The mint turns into an instrument of enforcement.
The ledger becomes a map of the people.
The people become programmable.
Bitcoin was supposed to be the great exit.
But most crypto systems reproduced the same trap.
Founder keys.
Admin overrides.
“Pause” switches.
Consensus changes that require elite blessing.
Modern coins still have mints, just smaller, more opaque ones.
This is why $ORE has a reason to exist.
It asks:
Can you create a standard unit of money without granting anyone the ability to weaponize issuance or settlement?
The answer is only yes if:
– The contract can’t be upgraded
– No account can be frozen
– No admin can rewrite balances
– The rules apply identically to the founder and the newest miner
Lock the mint.
Erase the master keys.
Make the ledger indifferent, even to its creators.
That’s the real revolution Ore is waging:
Not faster transactions, not cheaper fees…
but monetary exit from coercive architecture.
The Ore mint program is frozen.
Read that part again. Yes, it’s indeed frozen.
Not even its creator can now change max issuance or max emissions rate.
Non-sovereign money is a door.
And once people realize they can walk out, the mint loses its teeth.
What can you do to join?
Buy ORE. Mine ORE. Covet ORE.