Monday, November 4, 2019

#geek - #A new cryptocurrency: Pi Network

A new cryptocurrency: Pi Network

Just found a new cryptocurrency called Pi. Apparently, mining it doesn't use many resources, which makes it perfect for mobile devices (it's called Pi Network on the app stores). I'm still not 100% sure about it, but everything I've seen points to it being legit.

You mine it by downloading the app and hitting the "Earn Pi" button every 24 hours. You can increase the amount you mine by having connections. The creators have been halving the amount you can mine once they hit certain milestones (measured in number of users signed up), so as people sign up, there will be less and less Pi distributed. My guess is that this will help boost the price of Pi once it launches.

As of right now, a current member has to refer you (you can use me, nblennon, when you sign up—if this interests you), which is odd since they're trying to reach 100mil users.

What are your thoughts on this? Does it seem like it will work as intended?

Submitted November 04, 2019 at 11:51AM by enbenlen
via reddit

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