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So after yesterday's introduction to the fundamentals of @ore mining, today's educational seminar courtesy of @compoundORE - future home no click $ORE compounding and zero interest USDC advances without liquidation risk - is on where to start after getting $ORE-pilled. As was the case yesterday, as an extra incentive to help spread this content I put a few hours into creating on my way back from Europe today, we will be doing a solo $ORE giveaway for retweeting. To be eligible you must all follow @zedge_ore and @compoundORE. Okay so with the boring stuff covered... let's set the stage for what we're going to be talking about today. You've just been $ORE-pilled and you have $10k to invest and you're curious should I buy spot and stake or should I mine or do both or something else. Something else could be providing liquidity on @MeteoraAG etc but for now we will ignore than and just focus on the buy vs mine decision and touch a little on the go vs wait decision. For today we will assume you have $10k to invest, $ORE is $150 and you earn 20% with compounding when you stake vs 100% when you mine (no compounding). As a reminder you pay a 10% tax when refining your mined ore... but the yield you get from holding unrefined mined ore is already refined and thus does not result in a tax when you claim. So below I've put together a nice table showing you how much $ORE you have buying spot vs mining and refining after various amounts of time and mining premium. As a reminder, mining returns as so attractive many people are willing to mine at a premium to spot (myself included - doing 3 sol a block as I write this patiently waiting for the @photofinishgame miner to launch). It should be common sense that our goal should be to get as much $ORE as possible for our $10k. To answer what is optimal you need to know both what your time horizon is and how expensive it will be to mine. There are lots of good tools to figure out how expensive it is to mine (ore dot monster is a good new one I stumbled across from @oredotmonster). Below is a screenshot of what I look for... $235 production price and $191 spot price or a 23% premium. From spending a lot of time in the mines that is a pretty good price, especially for a large motherlode with around 200 ore and a low absolute price for ore (we were at 500+ not long ago so good time to stack up). Bottom left there is a heat map showing the outcome in terms of number of $ORE you end up with after holding various amounts of time buying spot vs mining at various premiums. Mining is all about taking the long view so for now we will talk about the return for waiting a year (though I've included 0 to 24M in each figure so pick whatever you want) In our example, your $10k buys you 67 ore at a $150 spot price. This ore compounds to 81 ore after 12 months. If you could instead amass an unrefined ore position for the same price then you would be better off after waiting 2 months (your 100% yield would more than offset the 10% refining cost). If you wait the full year, then your 0% permium unrefined ore position would leave you with 127 ore after refining. It is quite hard to mine for spot... perhaps some people can do it and the smaller the amount you need to invest the more selective you can be... if we instead say you mine for a 20% premium to spot, like current conditions and where I am generally mining, then you start out with only 50 ore... a lot less than buying spot. You pay a premium to get your ore and a tax to refine it... it really only makes sense to mine if you have long-term conviction in ore and the liquidity to not need to access your ore for awhile. In this 20% premium example, you start to breakeven by month 5 and by month 12 you have 106 ore. Ending the year with 106 ore vs the staker with 81 gives you a nice margin of error. We will get into that more in the post below

🚨🚨HardcORE Horse Racing Coming to PFL🚨🚨 Something special is happening on Solana, and this time, the track can mine. We’re excited to announce that Photo Finish™ LIVE is creating a new in-game initiative inspired by the ORE Protocol – a Solana-native Store of Value (SoV) that has quickly become one of the blockchain’s most talked-about movements. How Can You Make Mining Exciting? Known for its fully on-chain design and composable structure, ORE has been redefining what’s possible in decentralized finance. However, the concept of mining in crypto is highly technical, and probably makes your dad’s eyes glaze over when you try to explain it. Now, Photo Finish™ LIVE is turning crypto mining into a race-day experience unlike anything else. Here’s how it works: every ORE block mined (aka round) will be visually represented by a horse race. Players “prospect” by placing SOL on the horses they believe will win, just like miners choosing their positions on a grid. When the race ends, one horse (and its backers) takes the block and the SOL/ORE reward. It’s mining, but with horsepower — a new form of social gathering and stream-friendly content. It’s a system that transforms what’s usually silent into something social, visual, and dramatic. Why Is Photo Finish Doing This? We want to support real builders on Solana at every opportunity, and the ORE team and community are absolutely fantastic. Of course, we also want to utilize our tech and presentation elements for the good of our own ecosystem. So, when anyone deposits into the Photo Finish™ ORE race visualizer, a lightweight (500bps) purchase of $CROWN is automatically included, so race viewers and miners alike support the ecosystem and DCA into the token without having to think about it. The result is a continuous stream of activity that benefits everyone. In true community spirit, the Photo Finish™ team has also established an $ORE treasury, joining a growing movement that includes groups like RadiantsDAO and Colosseum. With support from seasoned PFL player and ORE connoisseur, Zedge_JPEG, the initiative adds another pulse to the ORE ecosystem — more ways to play, more ways to win, and more energy flowing through Solana. Beginning in Season 35 (Nov 17) and for at least the next 3 seasons, PFL players can get ORE from racing in 4 unique ways. Hardcore Racing becomes HardcORE Racing Not only does every hardcore race accumulate Derby in the jackpot to be won, but if you hit the jackpot, 1 $ORE will be added to the total and split amongst the race contestants (50% to first, the rest split to others). Hardcore races are winner-take-all races, where all horses that do not win are retired and sent to pasture. At $1 and $2 entry fees, they’re the cheapest races offered in PFL. Go floor sweeping to grab horses to throw in these races to try and win $Derby and $ORE! You still will want to run on preference (Turn/Track/Surface) to give yourself the best chance to win! Progressive Jackpot Every race run, regardless of type, has a chance of hitting the $ORE jackpot. This is seeded with 2.5 $ORE but grows seasonally with yield from the staked ORE treasury! Just like in HardcORE races, the winning horse in the race will receive 50% of the jackpot, with all others splitting the other 50%. Claim to Fame Rewards a) Every 3+ Claim To Fame race earns small amounts of $ORE to ALL entrants. You will notice they’re all on the House of Zedge track! Claim to Fame Schedule b) Every 3+ Claim to Fame race in weeks 3&4 (at 5k/7.5k claiming price will randomly award a participant with .025 $ORE. For Photo Finish™ LIVE, this marks another step in the ongoing mission to push the boundaries of what’s possible in blockchain gaming. The game has long proven that on-chain entertainment can be both competitive and deeply immersive. Now, by embracing the $ORE phenomenon, it’s showing just how creative and composable Solana can be. This is what happens when DeFi meets derby day. The mines are full, the gates are open, and the races are on.

Crypto up or crypto down… @photofinishgame and $CROWN keep chugging away. That’s the beauty of a game that has found product market fit with a loyal player base years into the game. Next wave of growth will come from @betvibewin generating $crown buybacks to juice the @photofinishgame racing schedule. Beta open now if you want to get in early. Concurrently, team is working on revamping trainer series into a free-to-play game that both @LaJollaFarmz and I are super excited for. This will expand the TAM of the game massively and create a growth flywheel for PFL by attracting players and creating a new way to bring stimulus to the @photofinishgame racing schedule. Never been a better time to get involved… checkout discord for help with any onboarding questions. Certainly happy to help myself with loaning out some mares for free if you’re a new player and many others would happily do the same