I started my Pi coin mining in February 2020 and from then until now I see a lot of questions about Pi coin and the Pi coin Network.
Most of them ask what it is, how it is withdrawn, how it is processed and whether it deserves our attention and time.
Here I will share all that with you so that you can have knowledge especially for beginners in the world of cryptocurrency.
What exactly is Pi?
Pi or Pi coin is a new crypto currency that is said to change the way crypto currency is run. It was developed by a group of teachers at Standford University in 2019, a year ago.
At present, it is not yet a complete crypto currency that can be compared to Bitcoin, Ehereum or Bitcoin Cash. It must first reach the third process for it to become a full-fledged crypto currency.
Today, the total number of members of the Pi Network community is about 10 million users and mined the Pi coin application. As a result, it is still in its second phase or process and when it reaches 100 million users and miners, it will become a full crypto currency and can be traded on exchangers such as Coinex, Binance and Kucoin.
How to start mining?
The process is very simple so you can start mining Pi coin.
All you have to do is;
1. Go to Google Play and find the "Pi Coin" application.
2. Install it on your mobile device. It is available on Android and IOS.
3. Open and register with your email address and enter the code from the one who invited you. After that you will be taken to the Pi application dashboard.
4. Touch the lightning logo and you can mine even if your mobile device is turned off.
5. Return every 24 hours to press again and continue mining.
You can also invite with your own code to make mining more powerful in your account.
How to withdraw Pi?
For now, all you can do is mine Pi as long as it can be traded or listed on any exchanger. Like Bitcoin, in the beginning, it was mined first even though it had no value. All we have to do first is to work and wait for the time when it can be exchanged for our own money.
How much will it cost?
Since it is minimized first, no one can say how much it will cost.
But if it lasts for free mining and its supply increases, its value may be small. But when it reaches 100 million miners or stops free mining, it could be of great value in the future.
Is it deserving and is it important in with our time?
Since we only need a few seconds to continue mining it every day, and the concept of this crypto currency is good, for me it is also good to invest in our time.
Like Bitcoin, many previously did not believe in it and only a few mined. The value of Bitcoin in 2009 was only a few dollars, but now it is almost one million pesos and it is not so good that it is mined, it just depends if you have the technology very strong to mine it.
For brief knowledge.
1. Pi coin is a new and incomplete crypto currency developed by Stanford University faculty in 2009.
2. It must first reach 100 million miners for it to be listed and become a full crypto currency.
3. Just go to Google Play and install the Pi app, register, and press the lightning logo to mine.
4. It is currently minimized and is still in the second process and cannot be withdrawn.
5. It is not a waste of time because we only need a few seconds every day to mine the application. It's free so nothing will be lost and we will be wasted.
6. No one knows yet how much it will cost.
For me, the future of the project is bright and because their concept is very good for the new and developed crypto currency. Their "road map" is beautiful and has great potential that can be compared to Bitcoin.
Lead Image : Coingecko.com
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Since we only need a few seconds to continue mining it every day, and the concept of this crypto currency is good, for me it is also good to invest in our time.
Like Bitcoin, many previously did not believe in it and only a few mined. The value of Bitcoin in 2009 was only a few dollars, but now it is almost one million pesos and it is not so good that it is mined, it just depends if you have the technology very strong to mine it.