Pi Network, is the first social coin that you can mine on your phone! Launched as a beta version on Pi day by Stanford grads Dr Nicolas Kokkalis and co-founders Vincent McPhillips alongside Aurelien Schiltz this exciting cryptocurrency quickly gained interest from users who desire to be part of a new network & try their hand at mining crypto. We made simple steps making it easy for everyone interested in becoming a Pi Coin miner too.
How Pi Coin Mining Works
The Pi Network employs a Proof-of-Work (PoW) consensus algorithm that allows anyone with a smartphone to mine the cryptocurrency. The team behind Pi believes that this will make it easier for people to join the network and start earning rewards.
To start mining, all you need is to download the app and set up your account. Once you have done that, you can start mining by simply tapping on the ‘Mine’ button.
The more people that join the network and start mining, the higher the rewards will be. The team is also working on adding new features to the app, such as social media integration and a rewards system for users who refer others to the app.
Can I mine Pi Coin on PC?
At the moment, the Pi Network is only available on Android and iOS devices. However, the team is working on a desktop version that will be released soon.
What is Pi Coin worth?
The value of Pi Coins is currently very low, but it is expected to increase as more people start using the currency. The team behind Pi has said that they plan to use the currency to buy goods and services in the future, which will help to increase its value.
How much can I earn?
The amount of Pi that you can earn depends on how many people are mining at any given time. The more people that are mining, the lower the rewards will be. However, the team behind Pi has said that they are working on increasing the rewards for users who refer others to the app.
Is Pi Coin a Scam?
Pi Network is not a scam. It is a legitimate cryptocurrency that you can mine on your phone. The team behind Pi is transparent and has said that they are working on adding new features to the app, such as social media integration and a rewards system for users who refer others to the app.