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DLauw
LSU Fan
SWLA
Member since Sep 2011
4306 posts

Pi network cryptocurrency
It’s a new(ish?) cryptocurrency that you can mine from your phone. It’s still in Beta.

Per their website:

“Mining crypto is hard.
Investing in crypto is risky.
Too many of us are left out of the cryptocurrency revolution.

Pi makes crypto mining easy

Breakthrough tech allows you to mine on your phone without draining your battery.”


If you’re interested click Here, read about it/watch the video. Then you can download the app. You have to be invited, so use my name (dlauw).

There’s a FAQ in the app as well as a chat to talk to admins and devs.

Honestly, I don’t know much about cryptocurrency but frick it, this seems easier than all the other stuff I looked into a couple years back. Supposedly, all I have to do is open the app once a day.

This is from their FAQ:

Do I need to leave the app open to mine? Does the app drain my battery or data?

You do not need to leave the app open to mine. Pi does not affect your phone’s performance, drain your battery, or use your network data . Once you hit the lightning button, you can even close the app and you will continue to mine Pi. Read less

So how can you mine a cryptocurrency without draining your battery or data? Instead of burning energy as proof of work cryptocurrencies like Bitcoin do, Pi secures its ledger when members vouch for each other as trustworthy. This forms a network of interlocking “security circles” that determines who can execute transactions. This novel approach allows crypto mining on your phone by leveraging your existing social connections, with no financial cost, no battery drain and a light footprint on the planet. Read the technical section in our White paper for more accurate and detailed explanation.


white perch
Northwestern St. Fan
the bright, happy side of hell
Member since Apr 2012
5703 posts

re: Pi network cryptocurrency
I’m in jws222


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bluebarracuda
New Orleans Pelicans Fan
Baton Rouge
Member since Oct 2011
14633 posts

re: Pi network cryptocurrency
Y'all have fun with this


EarlyCuyler3
Alabama Fan
Appalachia
Member since Nov 2017
4855 posts

re: Pi network cryptocurrency
It's a pyramid scheme.


EarlyCuyler3
Alabama Fan
Appalachia
Member since Nov 2017
4855 posts

re: Pi network cryptocurrency
I'm sorry, I meant reverse funnel.


bluebarracuda
New Orleans Pelicans Fan
Baton Rouge
Member since Oct 2011
14633 posts

re: Pi network cryptocurrency
Thinking you can mine worthwhile cryptos on a phone


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10
Clint Eastwood
LSU Fan
Member since May 2015
117 posts

re: Pi network cryptocurrency
Just noticed that Pi is up to 2.5 million users. Anybody think this will actually get some real value?

Use code gray80818 if you want to join up.


bluebarracuda
New Orleans Pelicans Fan
Baton Rouge
Member since Oct 2011
14633 posts

re: Pi network cryptocurrency


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20
DLauw
LSU Fan
SWLA
Member since Sep 2011
4306 posts

re: Pi network cryptocurrency
Bumping this. A few of us have been mining since this was posted. Would like a few more.

Pi is a new digital currency being developed by a group of Stanford PhDs. For a limited time, you can join the beta to earn Pi and help grow the network. To join Pi, follow this link LINK and use my username (dlauw) as your invitation code.


DLauw
LSU Fan
SWLA
Member since Sep 2011
4306 posts

re: Pi network cryptocurrency
quote:

@nicolas
Pi Day 2020 is coming! Did you know Pi has its own global day? 3/14 (March 14) contains the first three digits of Pi. For Pi Day 2020, we want to organize a global event that showcases the collective power of our community. We will kick off a community-driven design process next week. Stay tuned!


white perch
Northwestern St. Fan
the bright, happy side of hell
Member since Apr 2012
5703 posts

re: Pi network cryptocurrency
I’m at 3000 pi


DLauw
LSU Fan
SWLA
Member since Sep 2011
4306 posts

re: Pi network cryptocurrency
I’ve got a little over 3200


bluebarracuda
New Orleans Pelicans Fan
Baton Rouge
Member since Oct 2011
14633 posts

re: Pi network cryptocurrency
That's worth what, like 20 schrute bucks?


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00
efrad
New Orleans Saints Fan
New Orleans
Member since Nov 2007
14272 posts
 Online 

re: Pi network cryptocurrency
If your phone can mine it, especially without draining your battery, then tons of people can mine it easily. If tons of people can mine it easily, then it's not scarce. If it's not scarce, it's not worth anything.

Enjoy mining fractions of pennies.


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