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Mining ORE on Solana with proof-of-work tokens (feat. HardhatChad)

Solfate Podcast
Solfate Podcast

4 days ago

A conversation with HardhatChad, creator of ORE, a proof-of-work mining token on Solana (proof-of-work blockchain).

PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)

Summary

In this conversation, the hosts and HardhatChad discuss the innovative ORE project, which aims to create a proof-of-work token on the Solana blockchain. They explore the mechanics of mining ORE, the challenges faced during its initial launch, and the transition from V1 to V2. The discussion highlights the importance of accessibility in mining and the project's vision to bring new users into the crypto space.

We discuss the evolution of the ORE project from its first version to the second, highlighting key changes such as the introduction of a supply cap and adjustments to the reward system. They explore the dynamics within the community, categorizing participants into nerds, speculators, and utility seekers, and emphasize the importance of liquidity as a central goal. The conversation also touches on the introduction of staking and mining pools, the concept of horizontal integration within the ecosystem, and the philosophical stance on competing with traditional finance through decentralized alternatives.

Takeaways

Find HardhatChad online

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