PI NETWORK Complete Details

 PI NETWORK

OverView OF PI CRYPTOCURRENCY :

we are going to take a better look at Pi Network or MinePi.com. And no I'm not talking about some kind of bakery network, but a few cryptocurrencies that were founded in 2019. But the rationale why we're talking about Pi cryptocurrency today is because I recently made a few articles exposing a cryptocurrency-based Ponzi scheme called Forsage. But before we mention the small print about Pi, if it's legit, if it's worth the money then on, I feel I would like to clarify or create some quite foundation.

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What  is cryptocurrency /BITCOIN :

Now you're presumably, already know what a cryptocurrency is, how it works and sure as hell you already heard about Bitcoin. Nowadays the most important problem with Bitcoin and other cryptocurrency is that if you'd want to mine that coin, you'll need special or very powerful hardware, and you'll get a quite high electricity bill. And because of that, folks that already have tons of cash or bigger corporations and people living in countries where electricity costs less have a plus. In fact, that really also, let to roughly 80% of all Bitcoins out there is owned by a little circle of individuals because they jumped on the train early enough and invested their profits into buying better and more hardware in countries where electricity is reasonable in order that they now hold the bulk of all coins available.

Characteristics of PI or PI network :

And that's one of the main aspects of PI or PI network. You cannot just buy ASIC miners for thousands of dollars or use very powerful hardware to mine the coin. PI is meant to be mined on your smartphone which with almost no impact on your battery. Now, how does this work exactly? It actually is sort of simple. PI launched roughly a year ago, and it's created by a couple of Stanford professors. Which gives PI some quite credibility or could also just be used to disguise a scam by using those professors to realize credibility. But overall, we will very easily answer the question. If PI network is legit or scam by asking ourselves. How much can we need to invest to urge started? And the incredible answer here is zero. You don't need to spent any money to start out mining Pi. I can already hear you saying that there has got to be a catch because nothing ever is for free of charge . And yes, there's a catch PI may be a new cryptocurrency. It's only on the marketplace for a year. As of now you can't trade it, which suggests theoretically it's exactly zero value. And that's literally the sole downside there's with Pi network. We cannot say needless to say if and when PI will actually be tradable and what kind of value the Pi coin will have.

PI cryptocurrency Price :

However, it is also a tremendous opportunity because as of immediately, there are 7 million users within the PI network. And until 100 million users are reached, people are going to be ready to mine the Pi coin on their phone, which means you are still among the primary 10% to adopt thereto new "Bitcoin". Download the PI app. Now, once you've installed the app and you went through the signup process by either using your Facebook account or your telephone number and entering the invitation code

How To Mine PI COIN :

you will see something like this, which will be the PI dashboard and where it currently on behalf of me features a green bolt icon that says zero 35 Pi per hour. For you it'll show a lower number and it'll be white, and every one you have to do is press that icon and that you'll got to do once a day . So whenever you push that button, your phone will mine for twenty-four hours and you'll get the Pi coins that are shown below. So in my case, for instance , I'm currently earning eight point something Pi coins within 24 hours. And i will be ready to keep mining at that or a better rate, depending on what percentage people I invite and depending on how briskly Pi actually reaches 100 million users. So supported all that PI is actually an excellent opportunity. It may end up that it never gets to plug or never will be listed on an exchange. Then you basically wasted just a couple seconds a day, pushing the button to start out the mining once again . But in my opinion, more likely it'll eventually become a coin that you simply can trade and it'll have an actual value. So what you get right now is money for free of charge .

How To Trade PI Cryptocurrency :

And once that happens, you may be able to either trade your Pi coins for different cryptocurrencies or for enactment. So actual currency, like USD, EUR, YEN, or no matter currency you're victimization. And we do not know nonetheless if the coin can then be price zero.00 one thing cents, or if it'll be priced $5 or perhaps additional, it very comes right down to what reasonably practical use case there's for PI coin in the universe and what reasonably demand there will be for PI coin within the future. So it comes downloads to the developers of PI coin and what they are doing with their coin. But since you do not have to pay any cash. 

How to use PI Network :

Download the app then either use your Facebook account or your phone number to make associate degree account and use the invitation code that you simply may also realize in the description down below and, and just once a day, push a button on your phone, which you area unit anyway holding in your hand, in all probability some of hours per day. And reciprocally for that effort, you will already receive Pi coins, which again, either can sometime be price nothing, or they're going to be price one thing. So there is not abundant to lose. It's very one among those cases in my opinion wherever there is zero chance that you simply build a loss, but there is alittle to medium likelihood that you truly build a profit. Now, again, i do not understand if that coin will be price virtually nothing or loads. We will see. It will very rely upon what the developers do. But you'll get the coins immediately for complimentary. And better of all, if you, for instance, have associate degree iPad or a second phone, you can install the app on multiple phones, produce multiple accounts and therefore mine even quicker. Now on high of that, once you have got the Pi app on your phone, you may additionally have your own invite code and you can invite people furthermore. And after they sign in and mine, your mining rate can increase furthermore. And additionally to it, there's also a contributor bonus, which I haven't unlatched nonetheless, but which will unlock on my behalf of me tomorrow. All it needs to succeed in that contributor bonus is to mine 3 consecutive days. So primarily mine for seventy two hours, and then you will be able to add some of the folks that you invited, or if you used my invite code to add ME to a secure circle, which again, can increase the mining rate with that you earn PI per hour.

Conclusion :

Personally, i am very interested to see wherever PI goes within the future, especially as a result of it virtually is zero effort to mine the coin. Simply change the phone notification, which will tell you each time the twenty-four-hour mining circle is over and then push the button once more to mine {for another|for an additional|for one additional} twenty-four hours. And then merely repeat that very same step each day till Pi finally reaches 100 million users and the mining amount are over. And within the finish, all you have got to try and do then. Is to require a glance at what number Pi coins you actually well-mined, what reasonably worth they have and if you would like to carry onto them or sell them for an additional cryptocurrency or associate degree actual hard cash, like USD, EUR or one thing like that. That's just about it. If you have got from now on questions on PI, you'll additionally raise them at intervals the chat that is at intervals the applying.