Pi Coin is making waves in the cryptocurrency world, with a remarkable 51% increase in value over the last 24 hours. Rumors of potential listing news and exciting updates have investors buzzing, as Pi gears up for what could be a significant move forward. What sets Pi apart from other cryptocurrencies is its unique approach to mining – you can mine Pi coins right from your smartphone.
To get started mining Pi coins, all you need is the Pi Mining app, available for both iOS and Android. This app allows users to sign up, mine Pi, receive updates, participate in community activities, and connect with other users on a daily basis.
Here’s a step-by-step guide on how to start mining Pi coins:
1. Download the Pi Network App from the App Store (iOS) or Google Play (Android).
2. Sign up and verify your account by registering with your phone number or Facebook account, choosing a password, and verifying your identity through phone or email.
3. Enter an invitation code from an existing Pi Network user to join the network.
4. Start mining by tapping the lightning bolt icon, which initiates a 24-hour mining session. Remember to do this daily to keep earning Pi coins.
5. Build your security circle by adding trusted contacts after 3 days of mining to boost your mining rate.
6. Invite friends to join the network using your referral code to increase your earnings.
Pi mining operates on a unique Proof-of-Engagement system, where users must show their active participation by tapping the mining button daily. This helps maintain network security by deterring bots and fake accounts. Additionally, Pi Network utilizes Security Circles to build trust and prevent fraud within the network.
Initially, Pi offered a high mining rate of 3.14 Pi per hour, but as more users joined, the rate has decreased. Currently, the base mining rate for Pi Network is approximately 0.0030 Pi per hour. Before using or transferring Pi coins, users must complete a KYC verification process similar to that of traditional crypto exchanges, requiring a government-issued ID.
In addition to mining Pi coins, users can boost their earnings by locking up their Pi for a set period, using apps on the Pi Browser, or running a Node. These additional activities can provide users with extra rewards and increase their overall earnings.
With Pi Coin gaining momentum and offering a user-friendly mining experience through the Pi Network app, now is the perfect time to get started on your journey towards earning Pi coins on your smartphone. Join the Pi Network today and start mining for a chance to earn rewards in this exciting new cryptocurrency.