Cryptocurrencies are a new form of digital money backed by the community, not governments or banks. Today, mining of cryptocurrencies has been made easier through the introduction of the Pi coins. This helps expands Pi's trusted network. While most cryptocurrencies like; Bitcoin were difficult for ordinary people to access and use, the Pi network simply puts the power of cryptocurrency in your hands.
Pi is a long-term project whose success depends on the collective contributions of its members. The Pi project makes crypto mining easy, a breakthrough technology that allows you to mine on your phone without draining your battery. The project was launched in 2019 by three people from Stanford, and its cryptocurrency quickly gained popularity among users.
However, for those still interested in mining classic digital currencies, such as Ethereum or Monero, then it is advised you work with high end computers with large video card capacities like; the Geoforce RTX 3080 video cards .
By making simple contributions to the Pi community, the network allows you to earn Pi. The more time you invest the more Pi you earn. To kick start your Pi journey, simply install the Pi app from your Apple or Google Play store, sign up and hit the lightning button every 24 hours. Now you are ready to start mining.
Where Does Pi Get Stored?
The Pi app has a wallet for each user. Users will get access to their private keys when the project enters the third phase. Efforts are being made to move the Pi network from an experimental stage in field of mobile mining to a real deal in the world of cryptocurrencies.