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What's ORE

Understanding $ORE, the Solana mining protocol

What is $ORE?

$ORE is a token on the Solana blockchain that can be mined through a decentralized smart contract. Unlike traditional cryptocurrency mining that requires specialized hardware, ORE mining is accessible to anyone with a Solana wallet and SOL tokens. The protocol uses a unique game-like mechanism where participants compete in mining rounds to earn $ORE tokens.

The ORE token mint address is oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp. You can view the token on Solana Explorer or Solscan.

Smart Contract Mining

ORE mining operates entirely through a Solana program (smart contract) deployed on-chain. This means all mining activity is transparent, verifiable, and immutable. The smart contract manages:

  • Mining rounds: Discrete time periods where participants can deploy SOL to claim squares on a 5×5 grid
  • Treasury management: The protocol treasury that holds ORE tokens and distributes rewards
  • Random selection: On-chain randomness determines the winning square for each round
  • Reward distribution: Automatic distribution of ORE tokens to winning miners

Because everything happens on-chain, every transaction, bid, and reward is permanently recorded on the Solana blockchain and can be independently verified by anyone.

How the Mining Game Works

1. Join a Mining Round

Mining happens in rounds. Each round has a 5×5 grid (25 squares total). To participate, you deploy SOL tokens to claim one or more squares on the grid. The more SOL you deploy, the higher your chances of winning—but you're competing against other miners who are also deploying SOL.

2. Select Your Squares

You can select multiple squares per round by deploying SOL to each square you want to claim. Each square can have multiple miners competing for it. The total SOL deployed to each square is tracked on-chain.

3. Wait for the Round to End

Each round has a specific duration (measured in Solana slots). During this time, miners can continue to deploy SOL and adjust their positions. Once the round ends, the smart contract uses on-chain randomness to determine the winning square.

4. Claim Your Rewards

If you selected the winning square, you receive a share of the ORE tokens from the treasury, proportional to your SOL deployment relative to all miners on that square. The protocol also takes a small fee (10% protocol revenue + 1% admin fee) from each round.

Where to Participate

To participate in ORE mining, visit the official ORE project website at ore.supply. There, you can connect your Solana wallet and start participating in mining rounds. The interface allows you to:

  • View active mining rounds and their current state
  • Deploy SOL to claim squares on the 5×5 grid
  • Track your mining history and rewards
  • Monitor the treasury balance and round statistics

Transparency & On-Chain Verification

One of the key advantages of ORE mining is its complete transparency. Since everything happens on the Solana blockchain, all data is publicly accessible and verifiable:

  • Round data: Every round's state, bids, and results are stored in on-chain accounts that anyone can read
  • Treasury balance: The ORE treasury account is public, so you can verify how many tokens are available
  • Transaction history: Every bid, deployment, and reward claim is recorded as a transaction on Solana
  • Smart contract code: The protocol's source code is open-source and available on GitHub

This transparency means you don't have to trust a centralized authority—you can verify everything yourself using blockchain explorers like Solana Explorer or Solscan.

gmore.fun: Analytics & Metrics

While all ORE mining data is publicly available on-chain, it can be difficult to analyze and understand without the right tools. That's where gmore.fun comes in.

We aggregate real-time and historical on-chain data from the ORE protocol and provide:

  • Real-time metrics: Live updates of active rounds, treasury balances, current prices, and mining statistics
  • Historical data: Explore past rounds, analyze trends, and view time-series charts of key metrics
  • Calculated KPIs: Derived metrics like production costs, buyback volumes, unique miners, and total deployments
  • Transparent analytics: All our data is sourced directly from on-chain accounts—we read, aggregate, and present it, but we never manipulate or interpret the underlying blockchain records

Our platform serves as a trusted reference for ORE mining analytics, making complex blockchain data accessible and understandable. Since everything is on-chain, you can always verify our data independently using the same blockchain explorers we use.

Check out our Explainer for real-time insights, or explore our API documentation to access the data programmatically.

Glossary

$ORE
The native token of the ORE protocol on Solana. It can be mined through participation in mining rounds and is stored in the protocol treasury.
Mining Round
A discrete time period where participants can deploy SOL to claim squares on a 5×5 grid. Each round has a winning square determined by on-chain randomness.
Deploy / Deployment
The act of sending SOL tokens to claim a square on the mining grid. Miners can deploy SOL to multiple squares in a single round.
Treasury
The on-chain account that holds ORE tokens available for distribution as mining rewards. The treasury balance is publicly visible and can be verified by anyone.
Smart Contract / Solana Program
Self-executing code deployed on the Solana blockchain that manages the ORE mining protocol. All mining logic, round management, and reward distribution happens automatically through the smart contract.
On-Chain
Data or processes that exist and execute directly on the blockchain. On-chain data is publicly accessible, immutable, and can be verified by anyone.
Mint Address
The unique identifier for a token on Solana. The ORE token mint address is oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp.
Solana Slot
A unit of time on the Solana blockchain. Each slot represents a fixed time period (approximately 400ms), and rounds are measured in slots.
Motherlode
A special treasury mechanism in the ORE protocol. If a miner selects a specific "motherlode" square and it wins, they receive a bonus reward from the motherlode pool.
Production Cost
A calculated metric representing the effective cost to "produce" one ORE token, derived from total SOL deployed, protocol fees, and assumed ORE per round.
Buyback Volume
The amount of SOL used to buy back ORE tokens from the market, calculated from protocol revenue and buyback mechanisms.

Resources & Links