Pi: A Phone Miner for the Future?
Updated: Jul 9
Pi is a new crypto that is in phase two of development. It has its white papers, many holders, and many folks out there mining Pi on their phones. I use this one. Below, I will summarize my take on Pi from points I originally published elsewhere. The read the entire original article click below:
Best Miner for Phone?
I mentioned the miner. It is PI. I have seen some posts around the internet before about it. There are mixed opinions about it, but by far, most are positive. Here is a summary of what I have learned and why I am doing it:
It costs me no money.
To stay active, I just have to check in once per day and it literally takes about 30 seconds.
The crypto, PI, is still not on an exchange (and therefore has no intrinsic value), but they just announced moving from phase 1 to 2 a few days ago with timetable of about 12 months until phase 3. Phase 3 is when you can exchange your PI for other crypto or fiat currency.
Their reason for not going to an exchange yet is that they want to build a larger base of what they call “pioneers.” This term makes sense because we pioneers are mining PI before the general public will have access to it on exchanges. It is designed similarly to Bitcoin in that there is a limited supply of the crypto that will eventually all be mined.
Their site is very clean and easy to navigate and understand. Their extensive white papers are published and accessible. They have other very helpful information published on their app. The community, that is always chatting, is very supportive and helpful.
Running the app does not drain battery or CPU from your phone. You can check in and close the app each day.
You can increase your earnings with referrals. The goal is to have a team of 3-5 members. You can set up a chat circle for just your team. (I am just starting my team, so if any of you use my referral code (RSnuffer), we will be on the same team).
I am keeping my expectations where anyone should with a new crypto project—not too high and not too low. There is the possibility that it will not come to fruition, but you are not out any money. There is also the possibility that PI will be a major player someday. Those of us that mined PI early will be glad we did.
Your phone will act as your wallet. They will need your actual name. That is how you will be able to claim your crypto later. You can use a screen name that is different than your actual name if you want.
There are several projects that are being proposed to run on PI. All of this information and more is found on the PI app.
I do not have unrealistic expectations. I also did not have high expectations for some other small crypto projects I invested time into. Two of them have done quite well with tangible rewards. Some of them have not. I see no harm in PI. To me, the small investment in time is worth the potential reward. Furthermore, it is refreshing that I have yet to see even one ad on this app, although I think this may have been a problem in an earlier stage of their development. Basically, this project comes with no real risk that I can see. And there is always the potential for a big gain.
If you choose to join PI, you will be required to use a referral code. Mine is RSnuffer. (You could probably find others if you search the web). This is part of their strategy—they are creating a community of connected individuals, rather than just folks all doing it on their own. I cannot give you a live link with my referral. You just have to go to the page and then type a referral code (like the one above). Here is their website: Pi Network (minepi.com)