Mobile mining: Mine Pi Network coin with your mobile

[CryptoLordguru]

Hello Crypto-lovers,
I came across Pi Network where one can mine Pi network's coin with their mobile easily. This is really fantastic and as many of us use smartphones, it will be easy for those interested to mine some Pi coins easily without any hassle. I am posting some of the information about Pi Network in here where you can get enough information to start mining immediately.

 Preface

As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide.

Pi Network's Mission: Build a cryptocurrency and smart contracts platform secured and operated by everyday people.

Pi Network's Vision: Build the world’s most inclusive peer-to-peer marketplace, fueled by Pi, the world’s most widely used cryptocurrency
(copied from Pi Network's website)


Basic introduction:-

PI is a new crypto coin which can be mined just by using your smartphone (For both iOS and Android phones). The team claims that their app is so effective that it doesn't drain your battery's life.Mining PI coin by using smartphone is super easy, one just need to enable mining once in every 24 hours. This is a real project by a team of Stanford graduates. The core team includes two Stanford PhDs and one Stanford MBA and also they have helped to make Stanford's blockchain community. Their vision is to make Pi cryptocurrency extremely useful for everyone in their daily life.

Value of Pi network's coin: At the moment, it is not officially listed on any exchange and the team is still working in fully developing the infrastructure for this currency. There has been more than 1 million downloads (google app store) so far. At this moment, no one cash it out as each PI's value is 0 dollar/euro just like BTC in 2008  !

 

Advantages:-

The app from this project is really easy to use. One can mine PI coin easily. App has small size which does not consume enough RAM spaces to slow down your devices. The team is fixing bugs regularly to make sure the app is perfectly working on supported devices. To know more details like algorithm they are using, roadmap,etc kindly check their white paper https://minepi.com/white-paper .

 

Development team:-

Core Team Members:-

Dr.Nicolas Kokkalis-Head of Technology
Dr.Chengdiao Fan-Head of Product
Vincent McPhillip-Head of Community

Brief instructions for use:-

Download Pi Network App from your google or apple app store first and then one needs to verify either by facebook verification or mobile number. One also needs to have an invitation code to create an account in this app, use INVITATION CODE: Madventure

Hit the lightening button and your app starts to mine for you. Hit the lightning button once in every 24 hours to keep it mining for you. You do not even need to leave your app open for mining.Don't forget to verify your phone number inside the app. Please note that, using two devices to create fake multiple mining account is strictly prohibited.

Relevant links:-

https://minepi.com/#home
https://play.google.com/store/apps/details?id=com.blockchainvault&hl=en
https://apps.apple.com/us/app/pi-network/id1445472541
 

Good Luck !

[CryptoLordguru]

I have started mining and it looks good to me. Please ask/comment in here if you have something. I feel really astonished by the work this team has done so far. I hope you all will join and feel proud to be a part of this amazing project where everyone has opportunity to mine.

[NeuroticFish]

I have started mining and it looks good to me. Please ask/comment in here if you have something.

Beware, there are very strong signals that Pi network is an elaborate scam: you don't own those coins until you are allowed to withdraw, and that moment could bring a lot of surprises (KYC, fees from your pocket and so on), also the coin is not listed, meaning that the final value will most probably not be the one the team claims to be.

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

[CryptoLordguru]

I have started mining and it looks good to me. Please ask/comment in here if you have something.

Beware, there are very strong signals that Pi network is an elaborate scam: you don't own those coins until you are allowed to withdraw, and that moment could bring a lot of surprises (KYC, fees from your pocket and so on), also the coin is not listed, meaning that the final value will most probably not be the one the team claims to be.

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

You do have a valid point in here. I will keep eye on that and as soon as there is any more information about it, I will post here. No way I am going to give my information or any fees and I hope everyone will not do so. Everyone should protect their information, privacy as well as money. So far it is just downloading and mining through mobile, so it doesn't hurt to try it. If it turns out to be ugly later on, then one can always uninstall the app.
Thank you again for raising awareness

[JayDDee]

Don't bother, you're probably one of the last suckers. This pyramid scheme has been around a while
so it's assumed everyone already knows about it.

The enlarged coloured text should have been your first of many clues. Consider it a lesson learned.

[CryptoLordguru]

Don't bother, you're probably one of the last suckers. This pyramid scheme has been around a while
so it's assumed everyone already knows about it.

The enlarged coloured text should have been your first of many clues. Consider it a lesson learned.

Thanks for your good words like suckers. Did this pyramid scheme scam anyone so far? maybe you were scammed. Please share your experience if you have any. There are allegations and many do doubt about this project and so do I (you should have known this if you had read the comments above nicely) but it is yet to be seen whether it is going to be a scam or a true project. Have a good day!!

[JayDDee]

but it is yet to be seen whether it is going to be a scam or a true project. Have a good day!!

Some people need to learn the hard way, don't let me stop you.

[CryptoLordguru]

but it is yet to be seen whether it is going to be a scam or a true project. Have a good day!!

Some people need to learn the hard way, don't let me stop you.

Well, this is way of respecting others' opinion. You could have been polite in representing your thoughts at the first place. Also you could point out some of the red flags. I have gone through all the arguments in this thread:  https://bitcointalk.org/index.php?topic=5237735.0 If you have something to add, I would be happy to hear it out.

[CryptoLordguru]

I just want to make it clear to everyone whoever is reading this.
I am not endorsing Pi Network in anyway. I have my doubts as well. Everyone can decide for themselves and choose to whether or not to download it. It can turn out to be a gem or garbage which I don't know at this moment, only future can tell this. I am taking my chances here.