Altcoins Talks - Cryptocurrency Forum
Wider Crypto World => Marketplace & Bitcoin Services => Advertise Your Stuff => Topic started by: mrslav on July 21, 2020, 01:56:27 AM
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Hello, I want to share with you how to easily mine crypto directly from your phone, completely free and potentially make A LOT of money utilizing the Pi network.
What is Pi new digital currency?
Started on March 2019 PI Network is a new startup Cryptocurrency platform set to change the crypto mining sphere by integrating the “smartphone mine and earn feature". It has on 26/05/2020 announced 4 Million active users.
The phone app is unintrusive. It doesn't use your battery or RAM so you barely even know it is there. It was designed by a group of Stanford PhD graduates and it can definitely become something big because it realies on its community, that is, the users and their joint engagement. PI is mined through proof of consensus, which is basically where your phone communicates with a bunch of nodes and nodes collectively decide on what the solution to the next block is (whereas with BTC it's more where the solution is already set, and whoever gets the solution first gets the reward).
The app doesn't drain your battery or uses RAM because it doesn't rely on proof of work, instead on proof of consensus, how much reliable users you have in your secure circles, the more your mining rate is and more coins you get.
Does PI network have potential?
The developers of Pi Network decided to make their cryptocurrency more accessible. Any owner of a smartphone can mine PI crypto. While Pi Network is very popular among the users, the future of the PI cryptocurrency is not so clear.
The success of the currency will depend on the participation of contributors to the network. Also, it seems to be going strong as of now but market values are a different field altogether. It not only depends on how people interpret the arrival of a new currency but also on their sentiments like share market.
Ultimately, someone would have absolutely nothing to lose at this time. Even if it doesn't take off, then so be it, it was fun to race for coins. But if it does take off as it seems to be expected to and hoped to, then this could change many aspects of how cryptocurrency is utilized in this world and provide a more fairly distributed wealth system with greater accessibility and a more broad e-commerce adoption for every day simple transactions.
Pi Network (PI) Price Prediction For 2020-2025
In 2020, when Pi Network app goes 100% live, a lot will depend on the number of users and exchanges accepting or rejecting PI coin. In the best case, PI price prediction 2020 is $1 – Pi Network crypto value should raise to create conditions for healthy growth.
It is hard to predict Pi Network value in 2025 since this is too long term, and the project is very young. However, the price of PI might raise to $5 and higher if the network will be properly developed. Cryptocurrencies with unique features and value always manage to get a piece of the pie.
The real question is how do you mine?
Pi seeks to both avoid the concentration of wealth and reward early miners with a relatively larger share of Pi. This means that people who join the network early get higher Pi mining rewards. These rewards will decrease as the number of people in the network grows.
To mine Pi all you have to do is install the app "Pi Network" on your phone. It is currently available on Google Play Store and in their official site here: https://minepi.com/. When you open the app you will need to type in some basic information. You would be asked for an invite code. If you have one then use that otherwise you could use my invite code “mrslav”. This code allow you and me both to mine at higher rates and after registration your balance will be credited with 1Pi.
You are set to get some Pi currency, just open the app and click on one button every 24h so that you prove that you are credible contributor to the network and that's how you mine. It doesn't need to run in background, so you can close the app at any time and open it after 24h to click the button again and it will still mine, ie give you coins.
It is very important to verify your account when signing up. You can do so by Phone number or Facebook. It is also very important to know that you are allowed to have only 1 account and the people you invite must be real.