What is PI Network,Does it pay us?
Cryptocurrency mining is a complex computing process that usually requires special equipment to be used. Powerful video cards are used…
Cryptocurrency mining is a complex computing process that usually requires special equipment to be used. Powerful video cards are used for mining Ethereum while Bitcoin is mined with the help of ASICs which are even more expensive. The developers of Pi Network decided to make their cryptocurrency more accessible. Any owner of a smartphone can mine PI crypto.
While Pi Network is very popular among the users, the future of the PI cryptocurrency is not so clear. Even though Pi has not yet been listed on Changelly, we follow its work and try to talk about top-rated news. Furthermore, lots of young or experienced cryptocurrencies which you can easily swap are presented on Changelly.
- PI Coin Fundamental Value
- PI Coin Details
- Pi Network Community Reputation
- Influencers Projections on Pi Network
- Opinions on Pi Network
- Pi Network Price Prediction
- Cosmos (ATOM) Price Prediction 2020–2025
- About Changelly
PI Coin Fundamental Value
The main goal of the developers was to create a simple and convenient platform for cryptocurrency and smart contracts that would not without the usual serious energy costs. This team has created a simple application that can both extract the new token and store it.
PI mining app was launched on March 14, 2019, and in June, the number of active users exceeded 100,000. Many users consider it to be highly convenient and intuitive mining tool the same way as Changelly app. Everything is explained so profoundly, but in an understandable form, so users do not have problems with it.
The main advantages of PI crypto are:
- Simplicity. A user who has never heard of Bitcoin and cryptocurrency before will be able to mine PI crypto money without a struggle. We have the step-by-step guide on how to mine PI cryptocurrency;
- Fair distribution. The number of coins mined does not depend on the capacity of the device;
- Extra earnings. Users who contribute to the development of the platform receive a reward.
Since Pi Network cryptocurrency allows for mining without contributing your computing power, this coin might be interesting to anyone willing to expand their crypto portfolio. The mining power and multiplying coefficients depend on the amount of referred users, among other things.
What is Pi Network, and what’s with the HYPE? (Pi Cryptocurrency Review)
The mining speed for active referrals is calculated according to the formula:
X * 25% * (0.39Pi/Hr + 0.39), where X is the number of referrals
Thus, for 10 active referrals you will receive:
10 * 25% * (0.39Pi/Hr + 0.39) = 1.975 Pi/Hr (1.975 Pi coins per hour)
PI Coin Details
Project namePI networkStock SymbolPIAsset TypeTokenNetwork typeBlockchainLaunch date14 March 2019Official Websitehttps://minepi.com/
Pi Network Community Reputation
PI cryptocurrency has become pretty popular among miners: the number of active users reached 1 mln in November 2019.
According to Google Trends, the peak of the coin’s popularity was in August 2019, when the number of users was growing the most actively.
In two months, Pi Network attracted about 200,000 users:
Influencers Projections on Pi Network
It should be noted that Pi Network is being mostly promoted by users themselves. They describe the advantages of the platform and provide referral names to boost their revenue. The scheme seems to work perfectly.
