After causing significant congestion issues across the Solana network in April, the ORE mining protocol returns to “revive the long lost dream of crypto as p2p electronic cash.”

Love it or hate it, Proof-of-Work crypto mining is returning to Solana. ORE, the wildly popular mining protocol that besieged the Solana blockchain in April is returning, promising a revised and more egalitarian approach to distribution.

With ORE price climbing over 100% in anticipation of the relaunch, the question needs to be asked: What will be different this time around?

ORE v2: WHAT'S DIFFERENT?
Pseudonymous founder HardHatChad launched ORE as an experimental Solana hackathon project in April 2024. Leveraging a Proof-of-Work mining concept on a high throughput Proof-of-Stake blockchain, HardHatChad aimed to create a truly fair token launch.

In a matter of days, the Ore protocol objectively became the most used program in the Solana ecosystem at the time, generating over 12M transactions between 124k+ users.

However, due to flaws within the project’s model and network congestion issues caused by the ORE mining, HardHatChad opted to pause mining to focus on redevelopment. Despite the chaos, OreSupply took home the grand prize at the Solana Renaissance Hackathon.

After months of development work behind the scenes, HardHatChad has teased the relaunch of ORE v2. Courtesy of several key changes, the passionate founder renews his mission to “revive the long lost dream of crypto as p2p electronic cash.”

HERE'S WHAT TO EXPECT:
• No Admin Variables - The revised protocol will rely on open-source algorithms to manage all program variables, such as mining difficulty.

• Mining Multipliers - Staking ORE tokens gives miners a rewards multiplier of up to 100%, based on their proportional stake. This only applies to miners submitting valid hashes and cannot be abused through flash-loans.

• Fixed supply - Like Bitcoin, ORE has a fixed maximum supply of 21M. One ORE will be issued per minute, projecting a fully emitted supply by 2064.

• Sybil Protection - In the relaunched protocol, miners will maximize rewards by submitting the most difficult hash possible. This is expected to discourage sybil miners and mitigate network congestion.

• Accessible Hash Function - A new hash function closes the performance gap between high-end hardware and consumer devices, lowering ORE mining’s barrier to entry.

• Client Software - OreSupply has revamped its software to improve performance and reliability. HardHatChad also promised to launch client software that will be compatible with the Solana Saga mobile device.

• Immutable Contract - Once mining dynamics have stabilized, the OreSupply contract will be permanently frozen, meaning that no further changes can be implemented to its code.

The OreSupply team hopes that by implementing these changes, the protocol will be better suited to wider adoption within the Solana ecosystem.

Daily Memecoin Recap - July 27

You did NOT want to touch grass today

0xKitchen caught most of the action👇

Dogecoin Owner Gets A New Dog
$neiro -> hit $100m , community chosen one
$neiro -> hit $49 .5m, first neiro that was launched
- This is huge news, $doge is the first memecoin & currently sits at $18 ,000,000,000 market cap
- The community chosen one was running, but dropped heavily once Ansem started fudding it and shilling the "first one that was launched" instead
- Ansem received hella backlash for this blknoiz06

More Neiro Coins
$neira -> hit $4m
$neiro -> hit $3 .9m
$N3IRO -> hit $1m , "secret third NEIRO"
$neirocoin -> hit $561k , because $doge is called dogecoin
$ねいろ -> hit $520k , Neiro in Japanese

Betas To Neiro
$ginnan -> $10k to $4 .25m (425x), dead coin until today, Ginnan is Doge's sister = Neiro's sister
$kabosu -> $54k to $1 .15m (21.3x), "RIP Kabosu", Kabosu is $doge 's real name
$tsutsuji -> $6k to $571k (95x), dead coin that revived on the Neiro news, Kabosu's other sister
$onigiri -> $4k to $400k (100x), also a dead coin that revived on the news,
$neiru -> hit $460k , redacted $neiro
$bneiro -> hit $300k , Baby Neiro
$azalea -> hit $220k , Neiro's friend

Trump Attends Bitcoin Nashville
$dmaga -> $9m to $21m (2.3x), Dark MAGA
$bmia -> hit $3 .5m, "Bitcoin made in America", based on a hat that was seen at the conference
$nsyb -> hit $3m , Trump said "Never Sell Your Bitcoin" at the conference

CT Loves These Memes
$ong -> $1 .95m to $5 .5m (2.82x), "on god"
$real -> $1m to $3 .3m (3.3x)
$why -> hit $500k , "why did I fade"
$joci -> hit $215k , "jeets out, chads in"

Other Plays
$schizo -> $2 .8m to $9 .5m (3.39x), new ATH
$japiro -> hit $900k , redacted JoshShapiroPA, political meta as he runs for VP
$latte -> hit $480k
$fonkey -> hit $300k , Fat Monkey

What do you guys think about the situation between the 2 main Neiro coins? Did you catch either of them?

Let me know 👇

Daily Memecoin Recap - July 24

Despite stocks being down heavy on the day, $sol was pretty stable

Have a look at what happened 👇

Runners Of The Day
$eggy -> hit $5 .3m, literally an egg
$alpha -> hit $5m , KOLs onboard
$mystic -> hit $3 .3m, CTO, heavily pushed on twitter
$noah -> hit $1 .9m, CTO, pushed by lots of groups as " the next $billy "

Shape Meta
$circle -> hit $470k , literally just a circle
- Kickstarted the shape meta
- Plenty of shapes were launching on pump fun
- Square, triangle, star were some betas

Midget Olympics
$mog -> hit $3 .2m, their twitter says it all midget_olympics

Mystery Launch
$fried -> hit $4m
- These hyped launches always have an initial run-up due to hype & snipes
- They tend to die down after that unless the team has capital & a solid plan (this one is holding decently)

Smoking Chicken Fish Pushes
$scf -> $2 .6m to $24 .5m (9.42x), pushed by KOLs

Teams w/ Large Capital
$bill -> $24 .7m to $46 .6m (1.88x), Bill The Bear
$clown -> hit $87m
$parry -> hit $36m , very good team, good bird meme

Cat Memes
$ily -> $4 .21m to $13 .87m (3.29x), great CTO team
$fc -> $750k to $1 .78m (2.37x), "Floki Cat"
$bullish -> hit $1 .1m, Cat + Bull = Bullish, CTO
$skullcat -> hit $500k
$chiti -> hit $374k , CTO
$magic -> hit $324k , "Magic Cat"
$charm -> hit $315k , CTO
$gracie -> hit $237k , viral tiktok cat

Zoomer Memes
$hmu -> $20k to $1 .15m (57x), "hit me up"
$brat -> hit $6m , "Brat Summer"
$based -> hit $1 .95m, slang used all over social media
$omg -> hit $485k , "On My Grind"
$gac -> hit $360k , "Goofy Ahh Coin"

More Cooks
$selfie -> $590k to $32 .7m (55x from the low), back from the dead
$guzuta -> $444k to $2 .17m (4.88x)
$taddy -> $50k to $615k (12.3x), "Daddy Trump", $daddy (Andrew Tate's coin) + Trump
$knight -> hit $1 .22m, "Fallen Knight", medieval meme
$csfm -> hit $450k , "Church of the flying spaghetti monster"
$gator -> hit $350k , instantly filled on pump fun, CTO
$crashout -> hit $240k , good meme

Traders are getting more experienced, scalpers are emerging since people don't hold trades for long

Most coins go to zero within 1 hour, remember to never become a community member

Experience trading on #Metis directly through Telegram with our recent integration of
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