Proposal to Shorten ORE Mining Intervals to 10 Seconds Sparks Revenue Speculation

A recent social media post by user "clay" has ignited discussions within the ORE community, proposing a significant alteration to the ORE mining protocol: reducing mining intervals to just 10 seconds. The tweet, directed at ORE's pseudonymous creator HardhatChad, suggests this change would dramatically increase protocol revenue.

"It’s @OREsupply mining, but with 10 second mining intervals for the TikTok generation. Protocol revenue would quintuple instantly. Thank you for your attention to this matter @HardhatChad," "clay" stated in the tweet.

ORE, a unique Proof-of-Work (PoW) cryptocurrency built on the Solana blockchain, currently operates with a one-minute (60-second) mining interval. Its design aims for fair and accessible mining, allowing participation from various devices like laptops and smartphones, contrasting with Bitcoin's hardware-intensive mining. The protocol's supply is capped at 21 million tokens, with one ORE minted approximately every minute.

The ORE protocol, under the guidance of HardhatChad, recently underwent a significant V2 update following congestion issues on the Solana network caused by its initial launch. This update aimed to enhance efficiency, address vulnerabilities, and incentivize token holding through staking mechanisms that offer reward multipliers. While the V2 update introduced staking and other improvements, there has been no official announcement or widespread discussion from the ORE team regarding a shift to 10-second mining intervals.

The claim of "quintupling protocol revenue instantly" with such a change is a point of interest for the community. The current ORE mining model involves miners submitting hashes within a one-minute window, with rewards distributed based on contributions. A reduction to 10-second intervals would fundamentally alter the mining dynamic, potentially increasing transaction volume and network activity, which could impact protocol fees and overall revenue. However, the technical feasibility and the broader implications for network stability and miner incentives would require careful consideration. The ORE project continues to evolve, focusing on balancing accessibility, fair distribution, and network performance on Solana.