PoW blockchains like BTC, ZEC, etc. proves work, but creates waste.
Enormous amounts of capital and energy is spent to create Billions of hash tags for a lottery that get discarded at the end of each block.
PoUW tried to fix the "useless" lottery ticket problem by introducing AI workloads that are “useful”. Problem was, one can’t prove AI workload was actually useful or just a short cut.
$ORE GRID Mining solves both.
GRID Mining turns capital commitment into “useful provable work” without billions of dollars of energy burned on a lottery.
$ORE takes miners' losses as Protocol Revenue and returns it ALL to Token Holders (staked yield, buybacks, reserve) vs worthless hashes being discarded.
Tens of thousands of miners poured ~$450m of liquid capital into
$ORE this past year.
That’s nearly the market cap of
$ZEC @ $560m yet ZEC miners only deployed ~$120m in capital and opex.
So
$ORE generates ~3x more capital commitment than ZEC, yet its market cap is barely 10% of ZEC’s.
For a valuation, at a minimum
$ORE should be recognized for the economic activity flowing through it.
~$450m of capital deployed represents opportunity cost that could have been spent elsewhere (min earn 3% in a saving account).
That’s 7-9x from where
$ORE is today.
The coil will release and when it does, it will be epic.