One year ago today, ORE introduced virtual mining on @solana. Mining no longer required specialized hardware or an electricity arms race. Anyone could compete for newly issued ORE, with the additional incentive of accumulating unrefined ORE. A year of iteration and refinement later, the principle remains: fair distribution, open participation, and a monetary design that rewards patience. All you need is a Solana wallet. Start mining: ore.com/learn

not a bad month

ORE replaces computational proof of work with virtual mining on Solana, allowing anyone with a wallet to compete for newly issued supply. Learn how virtual mining works, where rewards come from, and how to start participating. ORE.com/Learn

📊INSIGHT: @Solana based store of value protocol @ORE’s weekly mining volume reached nearly $12M last week, its highest since February 2026. October’s mining volume hit $45M, a nine-month high. Weekly active miners also rose to their highest level since June.

At current pace, $ORE is adding $7.1M per year to the Reserve.

The ORE Reserve grew by an average of over $14,000 per day in October.

The SoV of SoVs is built on @solana. With enough liquidity in the Reserve, the idea is that supply could go to zero before price does.

No one here knows I’ve been mining ore since inception. Kinda neat

The most interesting part of $ORE's design isn't live yet. TLDR: Today, revenue generated by the ORE Reserve auto-compounds in isolation. Eventually, that revenue could be streamed to uORE holders (miners holding unclaimed rewards) as SOL mining credits, allowing the protocol to increasingly fund its own mining activity. The result is a flywheel that could strengthen mining incentives, lift staking yield, and put ORE on a path to net deflation. First, it's worth understanding why ORE is different. Bitcoin, Zcash, Ethereum, and Solana all use their native assets to incentivize network security. ORE doesn't have that requirement. It inherits Solana’s security, so it can direct its incentives toward a different objective: rewarding those who accumulate and hold the asset. ORE is a store of value by design, and nearly every mechanism in the protocol reinforces this objective. Consider how value flows through ORE today: - Miners deploy SOL to earn ORE, aiming to acquire it below market price. - A 10% refining fee on claimed rewards is redistributed to holders of unclaimed rewards (uORE). - Mining revenue funds ORE buybacks, burial, staking rewards, and the Reserve. - The Reserve provides liquidity while generating its own revenue through LP fees and yield-bearing assets like JitoSOL and USDv. The result is a system where mining activity supports holders through multiple mechanisms, while the Reserve continues to grow and generate additional liquidity and revenue. But there's one more piece to the design. Arguably the most interesting. In AI, recursive self-improvement (RSI) describes a system capable of improving its own capabilities, with each improvement enabling further improvements. ORE has a potential economic equivalent. Today, the simplified flow looks like this: Mining → Reserve → LP fees + yield → Reserve. The Reserve grows, generates revenue through LP fees and yield, and reinvests that revenue into itself. A straightforward compounding mechanism. But the loop back to mining remains open. Now consider what happens when Reserve revenue is redirected to uORE holders as SOL credits, usable exclusively for mining ORE. The flow becomes: Mining → Reserve → LP fees + yield → SOL mining credits → Mining → Reserve. The loop closes. This is the recursive moment. Consider the significance of this change. Today, mining depends on SOL supplied by users. With mining credits, the Reserve’s own revenue becomes a new source of capital to fund that same activity. Originally powered by user capital, ORE could become increasingly self-powered. A protocol generating its own fuel. There are two particularly interesting second-order effects here. First, Reserve-funded mining credits could increase competition for ORE rewards, driving up production costs. To the extent this stimulates incremental mining activity, it generates additional protocol revenue, supporting buybacks, burial, staking rewards, and Reserve growth. Second, and perhaps most importantly, this creates a potential path toward sustained net deflation. At sufficient scale, additional protocol revenue could fund enough buybacks and burial to consistently exceed new ORE issuance. To be clear, mining credits aren't live today, and it may be years before the economics justify turning them on. The Reserve first needs sufficient scale and sustainable revenue to fund meaningful mining incentives without compromising its liquidity or long-term growth. More importantly, the incremental mining activity needs to generate enough additional value to justify redirecting revenue away from direct compounding. But the potential end state is worth considering: an economic system that compounds recursively, under its own power.

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miners dig up unrefined ore, which has a high annualized yield in ore terms holding it earns you fees from others who choose to refine their ore the more patient you are, the more ore you earn (all else equal)

Miners are valuing ORE differently from the broader market.

Another week of ORE: - ORE Reserve surpasses $500K in TVL - Reserve absorbs $25K+ in sell pressure over 24 hours - 7D and 30D mining volume averages exceed $1.42M/day - ORE Party crosses $125K TVL - New research, videos, and community tools The latest TMS Weekly from @zinnresearch. ⛏️🗞️

People are saying

Hannibal at the Gates. Fabius in the Reserve.

ORE is up 50% in October and BTC down 10% Most people still don't know what it is or how to mine, it takes 1 minute: 1. Pick tiles - don't try to guess by picking 1-2 tiles, the more you pick the less risk you take 2. Choose how much SOL to put in 3. Hit deploy Every round has a bonus pool called the motherlode currently worth 101.8 ORE ($14.6K). in addition to mining ORE on the grid, every round you mine is a chance to open the motherlode.

sleep deprived take: ORE is still hardware mining it just uses a world computer to do so

How does the ORE Reserve build liquidity? As protocol revenue flows into the Reserve, funds are deployed across multiple assets and price ranges below the current ORE price. @HardhatChad explains how these layers of liquidity accumulate over time. Since this recording on October 1st, the Reserve has grown more than 5x, from $104K to $539K, and added two productive assets, JitoSOL and USDv.

I mine @ORE, turns out i'm also helping fund its buybacks. $570.8k deployed to the reserve so far, with liquidity positioned to buy ore on dips.