Bitcoin Forum

Hey guys

I would like to share with you this new project, where you basically get free tokens for mining with your phone.

Early adopters get an advantage, because they can mine at a higher rate. After we reach 1M users, mining rewards will be halved.
What you need to start:
1. 0$
2. A smartphone
3. To download an app. You can download it on Google Play or App store by searching pi network or go to https://minepi.com and find the download link.
4. Invitation code. You need the code to finish registration. Your invitation code is: Mntt

Mining this cryptocurrency doesn‘t drain your battery, because their consensus algorithm is based on the Stellar Consensus Protocol (SCP) and algorithm called Federated Byzantine Agreement (FBA). Check out their whitepaper to learn more.

Have fun!

don't miss out guys, still a good time to join

So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

Are you sure you ever will reach 10000000 users???

Yes of course we hope it will be worth something, but best thing you need to invest 0$ so you lose nothing if this is worth nothing and project goes down.
Why I believe it can have success is that it is different from other mobile coins, Electroneum for example which uses proof of work and puts heavy pressure on your phone and battery. Mining pi is effortless because of their consensus algorithms.

But ask yourself, why would anyone ever use this? Really.
Because it's different from other mobile coins. So what? Users who are going to use it to transact (the people who would buy your tokens) wouldn't care right.

I dont know, but I know, that we reached 200k users yesterday, and number keeps increasing. Pretty good for a project that is still in beta phase.

You can ask this question for every project, bitcoin for example does it have a future? truly? with such wasteful mining algorithm. Many people would argue. Well it started from something, now it has reached some adoption. The same goes here, project looks good like many others, the main problem is how you reach global adoption. And having 200k + community right now in beta phase is a good start, which many projects even in top 100 coinmarketcap don't have and will go down eventually.

200k + community because..
hmm..
oh yeah, free tokens and referral system  :-\

Well I think it is a lot better when you get introduced to a project where you can contribute, earn free tokens and you don't invest anything (except maybe a little time). Rather than get introduced to a project and you get pushed to buy something or invest, before you earn something. That is one of the reasons why I have joined.

One of the interesting things I've heard from the Minepi network is that there is a Stanford PHD there, but I don't know for sure what they are doing. Can the OP explain a little about them?

I downloaded the app - you forgot to mention that it is needed to disclose your full name in order to claim the coins.

Yes you enter your full name, but you don't do KYC. Also, you can hide your name after registration, and only show your nickname.

So the team consists of 3 members right now: Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, Vincent McPhillip. You can google them and find Linkedin's, and other information about them, they seem legit as Dr. Nicolas Kokkalis (head of tech) is teaching about blockchain app design and decentralized apps.
Few days ago they announced in the app, that they are searching for people who can contribute to the project in many areas. You can download an app, register and take the survey and contribute to the project if, of course, this is interesting to you.

I think that the more users for each project the more chances it will succeed. Will be not hard to find the right way of application if lets say by spring 2020 PI Network has about 1 000 000 users. 

Sounds great but i have two questions. Could you explain how will these tokens be worth anything? and how do you plan to reach 1M users?

So what it is named Pi? i thought it is related to a scientific team trying to calculate Pi number!

Pi network released a new in-app video, announcing how they surpassed 550 thousands active users! This shit is growing really fast, in a few months they will probably reach 1 million at this rate!

Just launch the app to see the video if you are curious, as it hasn't released yet on their FB page.

not yet on marketcap ?

blockchain ? 

Pi Network got a long mention in this article http://nenadseo.com/fake-it-till-you-make-it-guide/ (http://nenadseo.com/fake-it-till-you-make-it-guide/)

You decide if it is positive or negative mention

You can't even withdraw your coins from the "wallet" at this point, so yeah it's not listed to any exchanges yet and of cource coinmarketcap. Supposedly, things like withdrawals, exchanges etc will start taking place once they are out of the testnet, sometime by the end of late 2019, early 2020.

so is there any discord server or telegram that we can participate the developing of this project?

No discord or telegram as far as I know. You can find official facebook, twitter, instagram and youtube channels inside the app.

What is going to be the value of Pi.

Impossible to predict. Token is still in development, right now they are working on in-app transactions.

I think that they still haven't released the tokenomics of Pi.
In my opinion, It is very doubtful that Pi is going to succeed. No real use case in this project and getting coins from referring people seems very tricky to me.

The claim of mining without draining the battery as previously mentioned is pretty much BS if you ask me.

I am giving away 1 free pi coin, just join with the link below:

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 3.5 million members worldwide. To claim your Pi, follow this link https://minepi.com/Mntt and use my username (Mntt) as your invitation code.

You can try it for yourself for a few days. After that, come here and share your experience. Don't call it BS if you didn't try.

How will you give away 1 pi when it's not possible to send/receive yet?!

Yes it is still not possible to send. You get 1 coin in your wallet by registering with my link.

indicating me as an invitee you will constantly receive + 25% to the initial speed, because i'm always online.
minepi.com/mvp777 (http://minepi.com/mvp777)
my nickname mvp777

I have seen this in our local board and there are some who is proving it is legit though still i am looking for much better proof from the people who download and starts mining now.

is there more support on this claim guys?
Please share your experience here .

Mining  ?? lol, rather airdrop masked in premine, seeing that the pi mined are imaginary for the moment and will be credited manually 😂 in short, why there are several subject of pi on bitcointalk, we can not bring them all together in one post.
https://bitcointalk.org/index.php?topic=5217393.0

Pi is a new digital currency. This app allows you to access and grow your Pi holdings and serves as wallet to host your digital assets
is enough to have a mobile device based on iOS or Android. Then, follow these simple instructions:
Go to the App Store or Google Play, depending on the type of your operating system.
Type Pi Network into the search gap.
Download the application on your smartphone and open it.
Specify the registration method: Facebook or phone number. We recommend the second option since it is much safer.Cryptocurrency mining is a complex computing process that usually requires special equipment to be used. Powerful video cards are used…
ill in the country of residence and phone number.
Fill in first name, last name and nickname.
ly. Pi Network uses Proof-of-Work algorithm without the high electricity costs. 
Everyuser get 1 pi for free

can you explain to me how the pi is currently mined? since the application and just an imaginary counter connect to no blockchain, not even on a testnet ???? Where does all these pi supposedly mined come from? short, short, short ..

If its so easy to mine it will be worth nothing. This is a scam. Like webcoin.

I have the same feeling. It only takes a smartphone to mine and nothing else. Everyday you will have to open the app and continue the mining - that's it! I don't see any real life utilities either. Also the web development team is super slow. They took around 7 months to release their node. So I don't see any reason to continue mining this coin. As soon as it is listed in the exchange, people will sell of their holdings and get out of it. A simple mechanism to make money by the developers it seems!

This video shows you why Pi Network cryptocurrency and Pi Network app are not a scam

https://www.youtube.com/watch?v=ReuRkSKkPiQ

I’m not sure if you are officially associated with Pi , but if you are it would be worth having a look at this thread

https://bitcointalk.org/index.php?topic=5237735.0

There is a lot of debate going on currently, and it would be great if we could get your ideas on your project placed on this thread .

Personally I am neutral in my views , but  I am watching closely to see everyone’s ideas and opinions.
Hopefully you are part of the official team and you can explain clearly your ideology, plans and future for Pi .
TIA

I am not officially associated with Pi. I just think it´s a perfect solution to back up a cryptocurrency with selling advertisements and creating advertising environments. You can always sell advertising - advertising is a good currency.

I have never used these currencies but at first I thought it was a scam but it is not a scam Demand for this specialty has grown significantly as a result of recent corporate scandals. That's why he went down. But if we try we will succeed It will take a long time to get up.

Thanks for your honest answer .
I wonder if it is possible to get someone directly envolved in the project here on the forum .
Does anyone know if they can be contacted or know them directly?

Weird project and concept overall.

Why would anyone value such tokens that are basically worthless

https://www.linkedin.com/organization-guest/company/pi-net
In LinkedIn you can view and contact all the 38 employees.
There are also fake accounts of Pi Network in LinkedIn.

Oh really... This account is saying that it is not associated with Pi but this name...
Pi is just a useless coin which gathers data from people's smartphone for their own benefit.
There is not any use in this network and it will never succeed.

PI network is certainly based on referrals. Maybe it is a scam maybe not but one thing is clear: Will have the same fate as onecoin. :)

Yes great project. I love all the concept, team, management, in the project. Many early adopters had now minded thousands of coin.
It's also a disadvantage because many people know about pi and many are mining pi in their smartphone. So it's obvious that it's supply is very high in market. And it value will also be low in my opinion.

I believe that the token pi is not yet on the market but if the app does not overheat the phone then i can try it, so to activate / register i only need the full name and not the kyc procedure? will it be the same also to be able to move any earned tokens or will the kyc be required in the future?

where is the official telegram chat ?

Hey hey hey, long time no see.
3 years has passed since I posted, project is still alive and moving forward.
I am posting here on a special occasion - if you have passed KYC and have available pi tokens in your pi wallet, I would like to buy them from you.
DM me and we will negotiate the price.

Have a wonderful day!

Still buying!

After a long time waiting let us all hope for a better results

Have mined alot can't wait for launch day on dex

Pi Network is a good miniing apps.
It's a beautiful bright day don't forget to mine to earn more Pi .

It cannot be said how true it is, because it can be seen in the coinmarket cap that several exchanges are listed, but the deposit is suspended, because the mainnet of the pi network has not been lunched yet.