Pi Network

[JooBra]

Pi Network - in my opinion a very interesting and unique application that allows you to mine tokens using your mobile phone without much stress on the battery. But to be honest, I myself have not used this application for earning or mining tokens, because I do not think that you can really earn a lot with it. Although I think that for a beginner or a person with limited financial resources, this method is quite suitable. Pi Network is available to everyone, unlike expensive mining farms.

There have been a use case in Croatia but still I'm not big believer for now. Hope they plan to do something with it and not leave it like this for so long.

[abel1337]

I don't think it's worth it, As far as I know, their "mining application" isn't really a mining application. I think it's just a mining simulation since they stated on their FAQ that it does not affect phone performance, drain your battery or use a data network which is the complete opposite of the real mining.


I can see it as a form of a pyramid scheme that needs no investment, Users of this project are spamming all over the internet and I've been noticing them since then. They need to invite people to join them for their mining rate to be boosted.

[steampunkz]

Isnt pi network hype already passed away? I remember the era when pi advertise their project everywhere and many people installed them on the phone just like ETN mining in the past.

Yeah that's right mate, Unlike Pi, ETN has is an established company and already trading on many exchanges, that's better for me because you earn few cents without doing anything, I am thinking that PI is only gathering people, it is like Social Mining?

[Shasha80]

When I saw Pi Network's data on coinmarketcap that was already on the untracked list, in my opinion it was better to avoid projects like this.
I myself have never tried to use the Pi Network to mine cryptocurrency, so I don't know the disadvantages and advantages of the Pi Network.
But I was not interested when I saw Pi Network on coinmarketcap which was already on the untracked list, for me if Coinmarketcap just stopped
tracking about Pi Network it is definitely not a good project to use.

[avikz]

What do you guys think about this?

It's nah for me. Waste of phone's energy and battery life span.

Pi is a phone app trying to monetize and has over 13 million users.

Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens?

Pi don't use your phone's battery or CPU power to mine. It's just a pre-defined amount set within their algorithm that you get after specific time duration. So it doesn't cost you anything to mine Pi.

I used to mine Pi earlier but now they have started showing their true colors. Everyone will have to comply with their KYC rule to withdraw and use Pi token. Which is really absurd so I am not using it anymore. For a token which is not listed in the market and doesn't require a dime to mine, complying with KYC can be a costly mistake.

It's just an overhyped project which got so much attention but still failed to use this initiative. They even use Adsense to their mining app to earn some money which is funny. A well pre-planned project won't do this also as you have mentioned about their KYC. This coin is not tradable but they have implemented KYC right now which is suspicious.

Indeed! They have recently stopped their kyc for a while due to some technical issues but they didn't rule it out! Also as per their plan, Pi will be listed to the exchanges by the end of 2021. So they will come back with kyc requirement shortly again. Which is really suspicious!

Btw, I didn't see any adsense advertising in Pi app. Are you talking about PHT token?

[maxreish]

Uninstalled Pi network app already. Not having long patience and also without assurance of good return with what you mined.

They are just giving hopes to those users that Pi will gonna have a value if it will successfully launched. But I doubt if it will really give that much as I can't see any great use as of now aside from affiliate marketing system.

[safari88]

i've met many people asking me about this, it's pure scam in my opinion. here's why: https://bitcointalk.org/index.php?topic=5237735.0 i think this thread will help you.

[honglu69]

Pi is scam

Mobile miners need KYC to withdraw coins. This to me means that Pi at best is airdrop of coins. Airdrop is not mobile mining.

The world first mobile minable coin on real phones is Nengcoin (NENG).  NENG is scrypt coin minable on android phones starting in summer of 2020.  The second coin that is minable on mobile phone is Cheetahcoin (Nengcoin fork on SHA256).  Both coins have randomSpike on top of scrypt/SHA256 that allows CPU miners to get 20% of all block rewards while ASIC miners obtain 80% of rewards.

Pi has no blockchain.  KYCed mining for phone miners are not mining, they are fake, just airdrop.

The real mobile minable coins today are Nengcoin and Cheetahcoin,  a new type of scrypt and SHA256 coins.

[plr]

Pi has no blockchain.  KYCed mining for phone miners are not mining, they are fake, just airdrop.

The real mobile minable coins today are Nengcoin and Cheetahcoin,  a new type of scrypt and SHA256 coins.

I don't trust this project, they're not going to get positive feedback from the Crypto community, only newbies who are willing to surrender their important details for a token that does not have value, I stopped doing their miner because they are asking a lot from miners and the supply is not something that gives potential to the project.

[Kunnu]

I already uninstalled this app from my mobile a long time ago when I realized that this project has no future at all whatever the pi team has presented in the past couple of years, a useless mobile mining application and nothing much I still don't understand what pi team is trying to prove, creating hype for a useless product is not called development.

[Lordhermes]

What do you guys think about this?

I have been mining on Pi for 2 years i think, but until now there is no option to withdraw the earning, so this is SCAM !

There is no way mining can be done on your phone device and even your PC even a graphic card can't generate more hashing power anymore, a standard software with high GPU is liable to mine any coin at the moment, any platform that tells you to mine their coin in their site is prolly a scam project, what it's been done on pi network site is faucets not mining so be aware of these terms while interacting on the forum.
Pi network main aim is bringing in traffic to their site while decieving their customers with mining technique. Stay away from pi network for God sake.

[southerngentuk]

It is time-consuming and space-consuming on the phone, which we thought coins actually weren't, there was a lot of shady with this project. There have been many articles analyzing the Pi network and I don't need these coins even if it's valuable. Be wary of it, do not let the invitation to join in the hope of its worth in the future.

[Saisher]

It is time-consuming and space-consuming on the phone, which we thought coins actually weren't, there was a lot of shady with this project. There have been many articles analyzing the Pi network and I don't need these coins even if it's valuable. Be wary of it, do not let the invitation to join in the hope of its worth in the future.

It's the KYC that is not acceptable imagine giving all your information for tokens that will worth a few cents because of the billions of supply, people will later regret selling their information for $10 worth of coins which they mined for two or more years, this is another shitcoin in the making, no one here is supporting it.

[fortune1002]

What do you guys think about this?

It's nah for me. Waste of phone's energy and battery life span.

Pi doesn't use your battery or any energy. Only you have to click a button in 24 hours. You can check if your mobile is switched off, pi will be mining, because it doesn't use battery or CPU. I have been mining for 8 months but I don't remember that pi has done anything to mobile. So I think it's safe.

[CAPT.DEADPOOL]

Isnt pi network hype already passed away? I remember the era when pi advertise their project everywhere and many people installed them on the phone just like ETN mining in the past.

The people who share their opinion are the ones who trust the pi project. Many say that it is legit and one of the coins that will be trending soon and many say and proof that pi can be paid at selected stores and malls in case it becomes this is successful the holders and miners of pi will be rich when the day comes to my mind that it is very easy to mine coin in their apps 🤔.

[slaman29]

It is time-consuming and space-consuming on the phone, which we thought coins actually weren't, there was a lot of shady with this project. There have been many articles analyzing the Pi network and I don't need these coins even if it's valuable. Be wary of it, do not let the invitation to join in the hope of its worth in the future.

Not a Pi supporter so don't take this as me shilling but you're wrong. It doesn't consume anything except space on your phone (and a small space compared to most other apps).

As pointed above by many, Pi uses a predetermined mining rate for you. As long as you activate the app, and close it it still collects for you. I still think it's a useless token though:)

[Apnaworld71]

Pi Network group will begin the mission to deliver it to the general population and many say that the cost of the Pi is too expensive,everyone like that thought yet with billions of supply and no use or stage this symbolic will go no place and the large numbers of individuals will acknowledge that.I have nothing to free aside from the brief period went through consistently to clock the dig button.I believe that for a novice or an individual with restricted monetary resources,This is My assessment don't give the encouragement to join access the desire for its value later on.

[Javi_Anibarro]

Pi Network does not mine the coin directly but it is more like a simulation, if you are interested in mobile mining based project or a light project/eco-friendly project that can be mined everywhere without many resources, you can try Neuralium: https://bitcointalk.org/index.php?topic=5297039.0
I have been using it for a while, and it is as light as a normal wallet when you are mining it directly using your Desktop or Mobile.
It does not have any value right now since it just went live 3 months ago.

[Mpamaegbu]

What do you guys think about this?

What I think? The issue I have with all these phone mining stuff is "withdrawal", apart from clogging up my phone space by downloading the app. It isn't just enough to mine Pi, what should be of concern is if it's really accessible to withdraw it after mining on the phone? I tend to see phone mining the same way I see faucets — an endless time of stress without meaningful achievement. However, I do hope Pi isn't like that.

I think it is on the way down. Coinmarketcap even stopped tracking it.

Where in coinmarket is it listed because I can't find any trace of it, even as untracked.

[Jamesdila1]

 It does not mine anything as of now. Thus no battery drain. This is because the pi ecosystem need a certain number of users to actually start functioning. So until we reach that threshold and people start mining (as a node on PC) the coin practically has 0 value
If you're a techie and want to know how pi actually works, refer it's White paper it's on the Pi Network discord or the app or the site basically it's everywhere