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Ore Mission Halts Mining Amid Solana Congestion: Impact and Future Plans

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  • Ore Mission Halts Mining: Due to Solana network congestion, Ore has stopped mining activities temporarily.
  • Price Impact: Ore's price surged to over $300 post-announcement, while Solana dipped to $127.
  • Ore's Distribution Mechanism: Ore used a PoW method on Solana for fair cryptocurrency distribution.
  • Solana's Challenges: Solana faced transaction scheduling issues, with up to 75% of transactions failing.
  • Revamp Plans: Ore will revamp its system for better efficiency and incentives for token holders.
  • Future Plans: Ore's v2 will align with Solana's upgrades, with existing tokens upgradable to the new version.
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