Bitcoin Forum

Hello!
 I would like to introduce you to earning with Pi Network and the pros and cons of it
If you’re still debating on whether or not it is really worth mining Pi, well, let’s start with the Pros of mining Pi!
First, Pi Network is free; you can’t lose any money.
 Second, you click a button once every 24 hours; and it only takes about 30 seconds.
Lastly, the Pi Network app has no annoying ads, and the developers aren’t constantly pinging you with notifications like I have seen on other apps.

Cons:

 There is no current blockchain for (the) Pi Network (time of posting: 23 August 2019) which means Pi has no current value. Yet. But in return we gain a higher rate for mining. In short, it’s way too early to make a call on the Pi Network, or simply, the Pi. Everyone should still mine Pi as there isn’t a wallet put at risk.

If you consider trying it out register with code - matisspaz (case sensitive, and can’t tegister wothout it, because it’s in Beta)

You can read more about it at https://minepi.com/white-paper
And download it here https://minepi.com/matisspaz as well on Google playstore and Apple’s app store under name Pi Network

Thanks and good luck mining!

I have always been very skeptical and distant from all the hype around digital currency in general due to my basic investment principle that when everyone on the street starts talking about an investment product, it is generally too late to invest in it. It is in this state of mind that I listen to a family friend who tried for months to encourage me to join his crypto currency investment group. He got my attention when he mentioned that this one is a new innovation which is at the free distribution phase with no financial commitment required.
As soon as I reached home, I started making some background research on the Pi Network and found that not only it is a very legitimate and innovative digital currency initiative, but more importantly, it is still at the right stage to jump in with an excellent risk reward ratio. Of course, there is no guaranty that it will be a successful project, but what you tent to lose is a few minutes a day of hitting a button on your mobile and the mobilisation of your network of friend and family at no financial cost to you or them for a possible reward of amassing lot of Pi digital currencies that could be very valuable in the future if the project is successful. Below is the summary of the findings of my research on the PI Network and my recommendation.
•   It is a project credited to three Stanford University PHDs namely: Dr Nicolas Kokkalls (head of technology), Dr Chengdiao Fan (Head of product) and Vincent McPhillip (head of community)
•   It is an App. Free to download (with no ads) either from goggle play, their website https://minepi.com or from a link of a member  who is introducing you to it, mine is https://minepi.com/sosso3170
•   The company only offers a service, but no product. After downloading the Pi Network app, you need to confirm that you are a human by pressing a lightning symbol on the app at 24 hours intervals. This will initiate the mining process at a pre determined rate on your mobile device (currently 0.40π/hr) without draining your phone battery. You are free to exit the app after that action without discontinuing the mining process.
•   Members can join only on invitation from other members. You can accelerate your mining rate by inviting other members to join using your code. You are welcome to use mine to join if you decide to or if this review add any value to you (sosso3170).
•   After three successful mining cycles of 24 hours each, you qualify to become a contributor and you can form a security circle of 3 to 5 trusted members. This will accelerate your mining rate as well.
•   The mining rate has been halve for any multiple of 10 members that the network achieved. The project started in March 2019 at a rate of 3.1 π/hr and in October 2019 the network reached 1 million members and the current rate is 0.40 π/hr.
•    The next milestone is at 10million members and it is not yet clear if the mining process will be discontinued at that stage or if it will continue to reduce in speed.
•   On Pi network white paper, a summary description of the technology they use is as follows: “... For Pi, we introduced the additional design requirement of employing a consensus algorithm (the process that records transactions into a distributed ledger) that would also be extremely user friendly and ideally enable mining on personal computers and mobile phones.”
•    The consensus algorithm that they use is the Stellar Consensus Protocol (SCP) that was architected by David Mazieres a Professor of Computing Science at Stanford University as stated in Pi Network white paper as well.
My recommendation:
Pi (π) has no value currently, just as Bitcoin in 2008, but could have value in the future. Pi Network is using an innovative digital currency technology that will decentralise mining of digital currency to the ordinary people and is user friendly through mobile phones. The team behind it is experienced and can be trusted and they are affiliated to a renown University in the world. In my view the risk reward ratio justify my recommendation of jumping in while it is still open. But like for everything in life, feell free to do your own due diligence and research. This is only my personal opinion and if you decide to go by it I will appreciate you using my code to join. It will bless me in return by accelerating my mining rate. Below is the message that is send to everyone that you will invite. This one is using my invitation link and code:
“Pi is a new digital currency being developed by a group of Stanford PhDs. For a limited time, you can join the beta to earn Pi and help grow the network. To join Pi, follow this link https://minepi.com/sosso3170 and use my username (sosso3170) as your invitation code.”

Good luck.

dude from the time that other guy posted about that mobile data farm shit, and when you posted, it hasent done anything (except make its creator $$$ selling your analytics)
same as the last YEAR its been alive. i have zero faith in it ever doing anything, its just following the same path facebook did, collecting analytics to sell
there isnt even a chain for it, or a simple token contract even.   what a scam

They now have millions of members mining their Crypto on their cellphone and I read that they are on the KYC stage for some of their pioneers, Ihave second thought undegoing this KYC I ahve not done it on some of the projects I've promoted, but let's see if they are legit or the biggest scam in the internet, of course, they are only getting our data.

Those millions who are using their mobile to mine it are or might have already lost there mobile privacy. Avoid any app that it there for no practical use. If they even go to an exchange there token will be dumped instantly. It is a scam avoid it.

I do not want to take the risk of mining this coin. I don't know what impact this will have on my phone. Moreover, there is no price, it could be totally wasting time.
There used to be this kind of coin called mango coin. We can mine it through mobile phones that we shake. The price is good when it is sold so it's not a waste of time. But over time my phone is often hot. Finally, I finished mining the coin.

Some of my friend are tried this out when I checked it, its bit okay but gaining popularity at first doesnt mean they are legit and most projects that promote mobile mining doesnt even succeeded much on that objective. The only one I think of is mb8 coin and taucoin which really do have potential. Also almost forgot the electroneum but that one doesnt really success at all.

We really don't know where its heading, they have a big group in facebook and a lot faithful miners accumulated a lot of Pi. Hmmm but lets what can they do in the future, for me its a 50/50 if we can trust this project or not. I wish someone will do investigation if this thing is legit or expose its darkside but so far I have not found one.

I do not know exactly about Pi Network. But I signed up for the project some three months ago and have been earning Pi tokens since through mining. But I am doubtful as many people in the forum are talking about some fishy things about it. Anyone can make me clear about the project? I do not know whether it is worthy of mining or just a waste.