Developed by the PhD team at Stanford University in California, the Pi cryptocurrency has garnered widespread attention since its launch in March. There are over a million users to date and it continues to grow rapidly, which has sparked a wave of mobile app mining in the crypto market.
Pi Coin relies on SCP’s Star Consensus Protocol and the FBA’s Byzantine Federal Agreement as a consensus mechanism. The main feature is that it doesn’t seem to use a lot of energy on calculations, which reduces the carbon emissions from mining and the impact on the environment.
Mining Pi Coins is completely free. All you have to do is start cloud mining through the Pi Network mobile app. The entire extraction process is done in the cloud and does not use any cell phone resources or traffic. Even when the application is completely closed or when the mobile phone is switched off. You can continue mining. If ripping starts every time, the valid time is 24 hours. Put simply, it only takes an app button press every 24 hours to continually dismantle Pi parts.
The mobile Pi Network app can be downloaded directly from the App Store and Google Play. Since Pi Network currently uses an invitation system, you will need to enter the invitation code when registering an account. Enter our invitation code “FreeMobileMining” to complete the registration.
pi network screenshot
If you want to mine more Pi Coins, just invite your friends to join the Pi network. If you have successfully invited another friend, you can increase the payout amount by 25%. After registering an account for three days, you can activate the Safe Circle feature and add your friends to the Safe Circle to increase the number of mines.
Pi Network has a built-in mechanism to prevent fake accounts and each user can only register one account. In addition, Pi Network plans to add KYC authentication to lock the cloned account. In the future, the account must be authenticated in order for pi coins to be freely transferred. So don’t try to use the automatic invite to withdraw more Pi coins.
pi red set
The difficulty of mining increases according to the total number of users across the network. As long as the total number of users increases tenfold, for example when it reaches 10 or 100 million, the difficulty of mining doubles. So start mining earlier and you will get more pi coins.
Network Pi mining Rate
Currently, the pi coin is still in the initial phase of phase 1. Although it has not yet been traded on an exchange and has no real value, it is also a good time to extract and store parts. At this point, more Pi parts will be excavated, but there will be no cost or risk of dismantling Pi parts. It’s just one click on the app a day. Perhaps this button will bring you enormous profit in the future.
In addition, Pi Coin will add computer mining capabilities in phase 2 and prepare the blockchain implementation for phase 3. At this point, Pi-Coins can be issued for trading. There are already many cryptocurrency exchanges. Everyone has expressed an interest in putting Pi parts on the shelves.