What is Ore?
ORE is a Bitcoin-inspired Proof-of-Work protocol built on Solana. It combines Solana’s speed and scalability with Bitcoin’s ethos of fairness and decentralization. With a capped supply of 5 million tokens, no pre-mine, and no VC allocations, $ORE stands as one of the few grassroots experiments on Solana that reintroduces mining to its users.
To get started with ORE protocol, connect your Solana wallet and follow the steps below. The screenshot here shows the mining page where SOL is deployed.
From the homepage, select the amount of SOL you want to deploy per block. Then input the number of blocks you want to deploy. The protocol automatically calculates the total amount of SOL required for the number of times you want to deploy SOL into blocks.
Select the Manual or Auto option (Auto is used by most people because you do not have to actively monitor and deploy after the initial approval).
In the example above, I allocated 0.005 across 4 blocks. This means I’ll be depositing a total of 0.02 SOL.
Motherlode
In every round, an extra 0.2 $ORE is created and added to the motherlode pool. When a winning block is revealed, there’s a 1 in 625 chance that the winning miners also strike the motherlode. If that happens, the entire pool is shared among those miners based on the amount of space they claimed on the winning block. If the motherlode isn’t hit, the pool just keeps growing until it’s eventually triggered in a later round.
Refining
Whenever miners claim their rewards, a 10% refining fee is applied to the mined ORE. This fee is automatically redistributed to other miners based on the amount of unclaimed ORE they’re still holding. Miners who wait longer before claiming their rewards end up getting more refined ORE over time.
How Ore Works
Unlike traditional mining, which requires expensive GPUs or ASICs, $ORE utilises a memory-hard algorithm called DrillX, making mining accessible to anyone with a regular computer or smartphone. This design enables everyone to participate in the decentralisation effort of the token on Solana. The $ORE token is also a token with fair distribution in this mining experiment.
Each mining round lasts one minute, where miners deploy SOL on blocks in a 5x5 grid. At the end of the round, a secure random number generator on Solana picks one winning block. All SOL deployed on the losing blocks is redistributed among the miners on the winning block, proportional to how much space they claimed.
Staking $ORE
$ORE holders can stake their assets in this section to earn more $ORE over time. Please note that the rates provided will never be constant and the market can move in a direction that puts stakers at a loss. The summary section under the Deposit button contains the details of the APR percentages and Total Value Locked per time.
Scarcity and $ORE Token Holders
The total supply of $ORE is fixed at 5 million in a manner that mirrors Bitcoin’s model of scarcity. There are no insider wallets or pre-allocations; every token in circulation is mined by the community.
Conclusion
$ORE is more than another memecoin or speculative play. It is an ecosystem experiment in decentralized economics. By introducing Proof of Work to Solana in a fair manner, Ore restores the original mining ethos of Bitcoin to the scalable Solana network. $ORE represents the future of fair crypto distribution and store of value on the Solana blockchain.
