Solana-based proof-of-work project (PoW) Ore has suspended its mining operations immediately, citing network congestion and instability issues. The halt follows a remarkable surge in Ore's market value, which more than tripled following the suspension announcement.
Hardhat Chad, a pseudonymous contributor to Solana-based protocol Ore, posted on X recently informing his followers of the decision to halt the outfit's mining project due to increased Solana congestion. Ore Mining Intensity Adds To Congestion Woes The developer believes that this decision would be in favor of Solana and Ore community members.
To alleviate congestion on the Solana network, the pseudonymous creator of the Ore project, Hardhat Chad, announced an immediate halt to all mining.
Designer of Ore project took to X to announce mining would be suspended immediately after Solana network suffered congestion.
One key driver behind Solana's current congestion issues is giving the network a break.
Crypto Mixing Service Co-Founders Face Money Laundering Charges, One Released On $1M Bond.
The co-founder of Samourai Wallet, Keonne Rodriguez, has pleaded not guilty to charges related to his crypto mixing service and will be under home inc
Lazarus Group Targets Crypto Users With Phishing Scams And Laundered $200M Cryptocurrency
The North Korean Lazarus group successfully targeted the crypto industry, using fake LinkedIn profiles to steal $3 billion over 6 years. Their sophist
Single Bitcoin Miner Wins 3.125 BTC Lottery By Solving Valid Block.
A lone Bitcoin miner recently achieved a rare feat by solo mining block 841,286 and earning the full 3.125 BTC reward, a remarkable accomplishment in
MicroStrategy Significantly Grows Bitcoin Holdings In Q1 And April
MicroStrategy Inc. fell short of estimates in its Q1 financial results, impacting its stock in extended trading. However, the company's increased accu
EigenLayer To Airdrop EIGEN Tokens To Stakers With 15% Allocation.
EigenLayer recently announced a stakedrop plan where 15% of Eigen tokens will be distributed gradually, along with a significant allocation of tokens