is pi mining legitimate?

If you want to start mining right away without further ado, head to the Google play store or app shop. Pi mining requires almost zero CPU power, data, or battery life. Pi does not violate your privacy in any way. In fact, that's one of the reasons why the Pi network is so popular and growing so fast.

Because Pi cannot yet be commercialised, it is currently worthless, said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. Mining the Pi network is currently unprofitable. You can't sell the Pi coin, or buy anything with it, or use it to pay for services. Pi mining uses almost no CPU, data or battery power.

In fact, this is one of the reasons why the "Pi Network" is so successful and growing so fast. When asked why Pi is not listed on an exchange like Coinbase, I was told that their fees are too high and that Pi likes that. There are hundreds of posts online saying that PI Network can't be a scam because users don't put any money into it. There is also the fact that Pi Network definitely lacks transparency compared to other cryptocurrency platforms.

The unusual format of the cryptocurrency, whereby ambassadors introduce users to the Pi Network, has led to accusations from some quarters that the project is using tactics often deployed by multi-level marketing schemes. Given that the Zuckerbot probably knows how I like to bend TP just before cleaning it, there's nothing Pi knows about me that someone doesn't already know. In the white paper they explain how Pi has to do it via testnet which is where it has been for some time now. It seems super easy and the developers are promising that pi is going to change the crypto space forever by making it more accessible and easier to use, and saying how it's the next bitcoin but better and that it's better than other cryptocurrencies as you can mine without an expensive computer, all you need is a phone.

And since the Pi Network app is free and fairly easy to use, in short, it costs you nothing to jump on the bandwagon and mine the Pi cryptocurrency. You may be of the opinion that Pi tokenomics is terrible and will definitely fail, but it's clearly not a scam or a fraud. For the use of the Pi cryptocurrency to become a reality, the Pi Network needs to complete the second phase and reach the third phase. Although the Pi Network is still in its infancy, it is undeniable that it is growing at a good speed, and is a project to keep an eye on.

While the Pi Network team has managed to make the first one a reality - in fact, the Pi is super simple to mine and earn for anyone with a smartphone and a decent internet connection - the second one is not yet a reality. The developers are currently doing some "testing" on their test network, but it's a pointless waste of time, as even if they manage to make Pi a proper cryptocurrency, it will be worthless.

Nelda Ledee
Nelda Ledee

Hipster-friendly pop culture evangelist. Certified food fan. Subtly charming bacon junkie. General twitter fan. Subtly charming web specialist. Award-winning bacon enthusiast.

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