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What do you guys know/think about Pi Network? Crypto Mining App by eddiespino

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hive-167922 · @eddiespino ·
$14.46
What do you guys know/think about Pi Network? Crypto Mining App
<div class="text-justify">

![image.png](https://images.hive.blog/DQmaaaHeYyEJyn7VFM4iK7pbFZ1t5p3zdgc5WfMVqmFuTCT/image.png)

>### The First Digital Currency You Can Mine On Your Phone

This is the first slogan you can read on their site: https://minepi.com/. I'm really curious to know if more experienced crypto users have used this platform and which are their thoughts. I started some months ago by an invitation of my brother @jorgespino, who is just getting started in crypto. He was invited by one of the mechanics of the airplanes that he flies. It's my big brother, so I followed his invitation. I haven't invested any money yet (I think that it's still not possible), I have just invested a less than a minute each day to start my "mining" process.

>#### Start earning cryptocurrency today with our free, energy-light mobile app.

https://youtu.be/MsOaC61cR3U

---

<div class="text-justify">

The project is still in Beta, they have just launched translations to many languages which were done by community members. I see that there are a lot of active users on the chats, many have lots of questions and also many are just curious, just like me.

<center>![image.png](https://images.hive.blog/DQmf51cApBGLGbwEPViJdaLTB58cRngpaYw7dRcKwzuNfMo/image.png)</center>

<center>*Screenshots taken from my phone.*</center>

All the mining is done through their cellphone app and it is through a 24 hr cycle. After that time has passed you have to log in and start the process again. Currently, I have about 1,300 PiCoins, they don't have value yet but maybe in the future they will. They say prepared an ecosystem for dapps to be developed, at the moment they just have two. One is the Chat and the other is a survey to check if people have COVID synthoms.

<center>![image.png](https://images.hive.blog/DQmRjUv7C632ctg3hwoD1k8NkfsF7hxEv5CjBvFA7dXjoRs/image.png)</center>

You can create "Mining Groups" where you can invite people you trust to mine with you and that gives you better security, these are called "Security Circles". You can also create "Earning Teams" which are conformed by the person that invited you and the people that you invite. I have only invited two and they are currently inactive. In the future there will also be a way to run a Node using your computer.

<center>![piearni.jpg](https://images.hive.blog/DQmSJ7M3eCFVknuBTjsztsNL9h46mc1RMTynGDbjcn6Tbsr/piearni.jpg)</center>

<center>*My Earning Team*</center>

<center>![pisec.jpg](https://images.hive.blog/DQmQ5UUvr9GQRrEEk1RJ334jMqsy32tWJBwqc7CKhoXyLaq/pisec.jpg)</center>

<center>*My Security Circle*</center>

---

#### <center>Ways to Earn PiCoins</center>

<center>![image.png](https://images.hive.blog/DQmRearpDcsxmjDfHcepW7tQqUo4Px47hoejQFTExuMMpWV/image.png)</center>

<center>![image.png](https://images.hive.blog/DQmWmzWqhnF1iuFvuSHXLPbK9WEGsFQ7Y9bmWTzk3Nx6Pjk/image.png)</center>

I still have to do more research about this project, but so far it looks good. One thing that could be an issue for some people, but I personally think it's ok, is that they require a strict KYC in order for users to withdraw the PiCoins in the future. I know this could be something very negative for a lot of users but I think that it is necessary in these types of projects because I've seen people be very abusive in other projects, they can create multiple accounts and even bots to gain as many coins as possible and in the end that would affect the value of the project and the coin. I think it is a necessary evil in this case. Not sure if you remember what happened with the Keybase XLM airdrop? Well, people abused and they cancelled it.

Another thing that some users have found negative is that you have to use the invitation code from another user and also you have to invite more users to mine more coins. I have only invited two users and I think I'm mining on a good rate, so I don't think it's 100% necessary to spam referral links to everyone you know. It's more important to have a good security circle.

---

##### <center>If you want to join I will leave you my invitation link in case you want to register with it:</center>

![image.png](https://images.hive.blog/DQmW9PEjuDRRXuMesfuter6vpMbUtrTzSYxiRA1ufBvijJy/image.png)

>I am sending you 1ฯ€! Pi is a new digital currency developed by Stanford PhDs, with over 9 million members worldwide. To claim your Pi, follow this link https://minepi.com/eddiespino and use my username (eddiespino) as your invitation code.

---

##### <center>The app can be downloaded from Android [here](https://play.google.com/store/apps/details?id=com.blockchainvault) and from Apple [here](https://apps.apple.com/us/app/pi-network/id1445472541).</center>

---

### <center>I invite you to do your own research for this project or any crypto project. If you have thoughts or questions about Pi Network please leave a comment below. Thank you for reading!</center>

###### <center>
[Main Image Source](https://changelly.com/blog/es/prediccion-de-precios-de-pi-network-pi/)</center>

</div>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eddiespino/what-do-you-guys-know-think-about-pi-network-crypto-mining-app)
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vote details (404)
@bagofincome · 
I've been using it for quite some time now. All I hope is that the team is real and nothing shady's going on. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bagofincome/re-eddiespino-67juiq)
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@eddiespino · 
I hope that too! There has been so many shady projects in the past.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eddiespino/re-bagofincome-3flrju)
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@khazrakh · 
KYC is a showstopper for me. Other than that, it does sound interesting.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@khazrakh/re-eddiespino-6y3ugj)
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@eddiespino · 
I'm not a big fan of KYC but I don't mind doing it once in a while. I think it would be very difficult to work without KYC, because people would exploit it and abuse the mining process. It is said that they will remove the coins from all users that could not successfully verify they are a real person, not sure if they will distribute those coins with real users.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eddiespino/re-khazrakh-6fdupo)
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@khazrakh · 
You are correct of course, people will try to abuse it even with KYC in place. 
I understand their rationale, it's just that I have some trust issues with stuff I don't know enough about, so I'm rather picky about who gets my documents ;-)

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@ocupation · 
Its either ponzie or used for social mining. The only reason why it is so cheap to mine is because your phone doesn't mine a shit.
They have great PR,thats all.
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@eddiespino · 
Thank you for sharing your thoughts.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eddiespino/re-ocupation-4bvehp)
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@poshbot · 
https://twitter.com/eddiespino/status/1334580301113147392
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@zellypearl · 
Wait you mean you just started a month ago and you have already mined so much? I think I started a month and some weeks but i havent even reach 200 Pi coins perhaps because I wasn't consistent and i am minning at a lower rate because i havent invited anyone yet and my earning team and security circle are all inactive.
You are right that this coin may not have any value yet or better still now but we don't know what will happen in fuuture so we just keep mining.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@zellypearl/re-eddiespino-mushc)
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@eddiespino · 
I started back on June or May I think. Not sure if the coin will have value in the future. Honestly I don't have a lot of hope for that, but I'm curious. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eddiespino/re-zellypearl-44g6k5)
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@zellypearl · 
They say curiosity kills the cast. I am in this curiosity game as well๐Ÿคญ๐Ÿ˜‚ 
Let us keep pushing and see what happens

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