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. In this review, we will take a closer look at the project, discuss its features and review PI price predictions.
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.
The main advantages of PI crypto are:
- Simplicity. A user who has never heard of Bitcoin and cryptocurrency before will be able to mine and use PI crypto money without struggle;
- 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.
PI Coin Fundamental Value
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. This is a great choice for a source of passive income and a long-term investment.
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 name||PI network|
|Curr. Price||~ $0.16|
|Launch date||14 March 2019|
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.
The project is relatively young but promising – miners do not doubt its potential.
Opinions on Pi Network
The developers and the crypto community are very optimistic about PI cryptocurrency price in the future:
Here, you can check a detailed PI coin price prediction:
Pi Network price prediction
Although there are no certain Pi Network price predictions on the Net, we suggest that PI will cost $0.16 by the end of 2019, its price staying at the same level. The app is in beta version, so the coin’s price is not likely to change in the upcoming months.
In 2020, when Pi Network app goes 100% live, a lot will depend on the number of users and exchanges accepting or rejecting PI coin. In the best case, PI price prediction 2020 is $1 – Pi Network crypto value should raise to create conditions for healthy growth.
It is hard to predict Pi Network value in 2025 since this is too long term, and the project is very young. However, the price of PI might raise to $5 and higher if the network will be properly developed. Cryptocurrencies with unique features and value always manage to get a piece of the pie.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment instrument.