Mining is a complex process for most cryptocurrencies that requires not only specialized and expensive equipment, but also specialized knowledge. However, there are projects that aim to challenge the problems faced by cryptocurrency mining, the most prominent of which is Pi Network.
Pi Network is a project that can be mined on mobile phones, and the mined coins are Pi coins. Mining in the Pi app doesn't consume device resources like other mining apps, and mining Pi coins is free, making the project one of the most talked-about cryptocurrency projects at the moment.
In previous articles, we've covered everything there is to know about Pi Network and its cryptocurrency, Pi Coin, and in this article, we'll go into more detail about how to mine Pi and how to mine to get more Pi Cryptocurrency.
The principle of Pi coin mining
Before you start to introduce how to mine Pi coins, you need to have a simple understanding of the principles of Pi Network mining.
The Pi network uses the consensus algorithm SCP (Stellar Consensus Protocol), which allows mining on smartphones without draining batteries or data.
To start mining PI, users must download the Pi Network app and register with an invitation code, which is usually received from a referrer.
The Pi mining app doesn't need to be kept open to mine, and the only thing you need to do is check every 24 hours and click the lightning button on the right side of the screen to increase your mining rate. By referring other users using your referral code, the mining rate will also increase, which reflects Pi Network's emphasis on expanding its user base.
It's worth noting that a person can only have one Pi account.
Pi coin mining tutorial
Here's how to start mining Pi cryptocurrency in simple steps:
Step 1: Download the Pi mining program
First, you need to head to minepi.com to get the Pi app. The Pi Mining App can be downloaded and used on the App Store and Google Play.
Step 2: Complete the Pi Network registration
Once you've downloaded the app, open the app to sign up for a Pi Network account. You can sign up using your Facebook account or phone number.
Let's take phone number registration as an example:
Select your location, enter your phone number, and tap Go.
Next, you will need to enter your password and confirm it. When you're done, click Submit.
Finally, enter your first name, last name, and username.
Once you have filled in all the information, click "Submit" to proceed to the final step. In this step, you will need to fill in the referral code. (There are many referral codes that can be found on the Internet, but how you enter your friend's referral code can improve their mining efficiency)
This is the case for you to complete your Pi Network registration. After registration, each user receives 1 PI.
Step 3: Start Pi Coin Mining.
After completing the registration, a pop-up window will pop up on the page, click Start.
Next, you'll see the image below, click the lightning button at the bottom right of the screen to mine Pi (every 24 hours).
The amount of Pi you mine per hour is displayed in the "Total" section.
How to mine more Pi coins?
There are 4 levels on the Pi platform, and the mining speed of each level is different:
- Vanguard: This is the initial level for all users, with a mining volume of 0.39 π/h.
- Contributors: To unlock this level, three days of mining cryptocurrency is enough.
- Ambassador: This level is for users who invite other participants to join the Pi Network.
- Nodes: This level is assigned to participants who have connected other hardware to the network. Nodes run on laptops and PCs, not phones.
Here are a few ways you can mine more Pi coins.
1. Increase your mining rate
The more often you click the lightning button in the app, the higher your mining rate will be. Make sure to do it every 24 hours.
2. Invite others or join your safety circle
After 3 days of mining, you can build your security circle by inviting trusted friends to join the community to further increase your earnings.
If you refer other members to mine Pi Coins, they will be counted as your "sub-members".
If your subordinate members mine Pi, you will receive (number x 25% x 0.2 PI/hr). However, if they are not online for more than 1 day, you will not receive the Pi they sent. At this time, click the Ping Inactive button to remind members to go online.
3. Other methods
In addition, you can also increase your mining speed by setting the lock configuration and using the app in the Pi Browser directory.
Can I withdraw my mined Pi coins?
You can't withdraw the Pi yet. When Pi transitions to a fully decentralized blockchain, you will be able to withdraw Pi or exchange Pi for other currencies in the third phase of the project.
Pi launched the first phase of the program on March 14, 2019 (Pi Day). In the first phase, your balance will be recorded and guaranteed to be cashed out when Pi transitions to mainnet (Phase 3).
According to the official version, the transmission of Pi is restricted before reaching the mainnet to prevent bad actors from accumulating Pi through fake accounts. For example, bad actors can mine from fake accounts, transfer Pi to legitimate accounts, and then go through Pi's account verification process, despite the illegal gains they receive.
Currently, there is still no exact timeline for the Pi network to go live on mainnet.
Is Pi mining a scam? Do you want to participate?
Pi Coin, like many cryptocurrency platforms, has made huge promises that have yet to be delivered. This makes many people wonder if Pi Coin is a fraud?
While I can't conclusively tell you that it's 100% legitimate (and no one can't), it's clear that Pi and its referral team mining bonuses are not exploitative, as the latter is split equally between the referrer and the referee. In addition, the only currency involved is Pi Coins, there is no fiat currency, and there are no fraudulent transactions in the app.
The ecosystem has a large number of users, as evidenced by the high number of downloads of the Pi mobile app on both iOS and Android. In addition, as of May 2024, Pi Network has achieved more than 11 million KYC Pioneers (verified users).
While this doesn't guarantee the potential future success of the Pi token, it's still a good sign.
With all that said, no one can decide whether it's worth investing in or not except yourself. Before starting Pi mining, please do your research and risk management.
Pi Coin Mining FAQs
Q: Is Pi Network worth mining?
A: While the value of the project is largely speculative at the moment, it could pay off if the Pi Network ecosystem grows fully and the PI coin becomes valuable. Mining Pi does not require any special hardware or a lot of energy consumption, as it is done through the Pi app on your mobile device. Given its low cost and low workload, many users think it's worth trying.
Q: How does the Pi network work?
A: Due to its mining method, the Pi Network project is different from traditional digital currencies in the cryptocurrency market. The mining process is based on the number of active users in the network rather than computing power. Users install the Pi app, apply for an invitation code to join, and then check in every day to mine PI and increase the mining rate.
Q: Will PI mining cause harm to your phone?
A: No, Pi mining will not harm your phone.
Q: Can you mine Pi from multiple devices?
A: No, you can't mine from multiple devices. This network has strict rules, one account per person. Pi employs a multi-pronged strategy to ensure that Pi is not mined by fake accounts.
Q: Is Pi Miner a wallet?
A: Yes, your phone will act as a cryptocurrency wallet and be linked to your current account (number/Facebook).
Q: When does Pi mining end?
A: There is no indication that Pi mining will end anytime soon. If you want to start mining Pi coins, you can do so at any time.
summary
Pi Network offers a unique opportunity in the cryptocurrency revolution. With its user-friendly approach, it has the potential to introduce a whole new demographic to the exciting world of cryptocurrency mining. It remains to be seen if Pi will be able to successfully transition from the testing phase to a full-fledged cryptocurrency. Still, with millions of active users, Pi Network's journey is undoubtedly worth watching.
So far, how to mine Pi coins? The 2025 Pi coin mining complete teaching article is introduced here, for more related Pi coin mining tutorial content, please search for the previous article of Script Home or continue to browse the related articles below, I hope you will support Script Home in the future!
原创文章,作者:btc,如若转载,请注明出处:https://www.xf1233.com/a/901