What is Pi Coin ? Do I've to start mining Pi Coin ? Does it will be worth of time ?
Pi Coin is the cryptocurrency that runs on the Pi network, but it remains in pre-release mode. Pi Network is currently in the second phase of the project, but it’s not yet known when Phase 3 will launch.
What is Pi Network?
Pi Network claims to be the first and only digital currency that you can mine on your phone.
Cryptocurrency mining is a hugely energy intensive process and requires a lot of computer power in order to solve complex mathematics puzzles.
Through a complex computer program, Pi Network instead uses a series of votes and exchanges of data to verify transactions.
Pi Network claims users can mine the currency through the mobile app “without draining their phone battery”.
This makes the process available to anybody, in theory.
Pi Coin is the cryptocurrency that runs on the Pi network, but it remains in pre-release mode.
Pi Network is currently in the second phase of the project, but it’s not yet known when Phase 3 will launch.
Does it worth of mining ?
Of course. I’ve done an evidence based analysis here and there are also evidence that show that PI Networks is at least attempting to build something of value:
- They have published a high level whitepaper outlining their ambitions without providing technical details on how their Pi Stack would work. One of their aims is to have others build apps on PI network to benefit from PI network users’ attention. This reminded us of the pay to surf models of the dot com boom where companies installed software on user devices and acted as middleman between users and advertisers without generating substantial benefit to either party.
- They have launched a test version of their blockchain & users claim that they have shared some of their code on github.
So what should you do?
I would rather say start installing the app with below link & start mining.
Also I'm sending you 1π! Pi Coin digital currency. To claim your Pi, follow below link.
and use my username (davidjain63) as your invitation code.
