Topic: Is Pi mining networks real? (Read 622 times)

I've heard mixed opinions about the PI Network project. Some people claim it's just a way to create hype for their own benefit, while others mention the potential to earn tokens quickly through mining. However, there is uncertainty about the token's future value. The project does have a sizable community, but conflicting information has left me unsure about its authenticity. It's important to gather more information to understand what this project truly offers.

Hmmm..
I know some people who will disagree with about them been stupid for minting pi coin. As a matter of fact, they will laugh at you for not seeing the opportunities around the coin. But then, I think it's a complete waste of time, effort and data minting that silly coin.

There are still many people who mints this shit scam coin. Those guys were so stupid enough to believe if there's hope for this coin. The dev was just fooling all of them. The only problem is they never understand if they already fooled by the developers.

I don't know when they will be realizing it pi was a scam coin.

The Pi network is real, and influencers who are passionate about the idea have begun earning money from the comfort of their own homes. They make money by selling and bagging it Pi receiver address because Pi rates generate a pump and dump, much like crypto. There is more time to rest and begin mining Pi; it is a promising project with 50/50 odds of profit and loss. Pi network is a long-term effort; miners should be patient; as for me, I'm through with the project. Sure, it's a legitimate project, but I don't have that much time to be devoting to a project that could potentially turn out to be a scam.

Are there people still mining this pi coin? Personally, I just see everything around it as a scam, I don't see any future in it. But again, this is just my opinion and I could be wrong.

I know a lot of people are positive and dreaming Pi is going to make them rich, I pray it is so but in reality, I don't see how this is possible, a lot of these tokens has been mined and farmed buy a lot of people, if the coin listed on the market at $1 it will be one of the most capped tokens in the crypto space, where is the money coming from to backed the valuation because I am very sure a lot of people will run and dumped the tokens on the market, I have more than 200 tokens in my wallet presently and will happily take that valuation and some people are talking it is going to hit $20 per tokens.

Something tells me that Pi network is a social experiment that is being carried out to know people's reaction to free money or about the Universal Basic Income (UBI).

I used to do mining Pi, but now I don't do it anymore, because in my opinion Pi doesn't have progress and takes too long for a cryptocurrency project, so Pi won't be as hype and popular as it first appeared, then I doubt if Pi will success and hype again, but if you want to try mining Pi, then you better just do it, because mining Pi is free and you won't lose anything, but if I already lazy and don't want to mining Pi anymore, unless Pi already has price on the market.

The first time I heard about Pi mining was about two years ago and how the developer was aiming to launch it. That year passed, nothing happened. The following year nothing happened; till now. One thing I've come to notice about those supporting Pi or any other mining app is that they think they've invested a lot of time and energy on such that it will cost them more going back than keeping on. The sad reality is that, money isn't free in the air like these devs want to make us believe by clicking and claiming something that later translates to cash. Even faucets aren't that generous this day. Whenever I hear of Pi, I remember the inglorious days of TBC – The Billion Coin. Till date, that shit scam utopic coin hasn't still been listed on any reputable coin site. I believe those who invested in TBC have eventually come to face the reality that they've been successfully scammed. It's the same thing I know will happen to those investing in Pi now.

Many  people have passed their kyc in country and their real Pi have be transferred to them successfully, like I said earlier Pi has 2 stages of mainnet, the enclosed and open mainnet, we're currently in the enclosed mainnet and hopefully the open mainnet would be launched soon where pi would have it's own official trading platform and listed on other major platform as well, many platform are ready and waiting for open mainnet to list Pi officially and come openmainnet many country and businesses would adopt Pi as a means of Payment for goods and services which is the sole aim of the Pi core team.

Yeah, this not real Pi coin, where real Pi coin mainnet isn’t ready to launch yet it's very clear, right now listed or traded Pi coin is absolutely fake. I submitted my documents for KYC in 4 months ago but still pending. But i see a lot of Pi holders KYC is approved but i think still it’s can't be transferred. I don’t big hope about this project in the future because there are no clear vision of this project.

They have absolutely no critical thinking about this trash project. Even they always believe and they are not aware that they are being fooled by the developer of this Pi Network project. Many people claim to understand and understand crypto and believe in this project, even though they don't understand anything about crypto at all. Creating a community that looks like it will get big profits, even though it's only being deceived. Feel sorry for ordinary people who are invited to this garbage project.

To many hype spreading about that and they believe to those people telling that the value of it will increase since those newbie think that those guys are professional.

Maybe if they just have critical thinking to know the real situation on that Pi mining maybe they can figure out that there efforts there is not worth it as they are just a tool for those scam devs to spread the word about their project so they can easily market it to those hopeful people that who want to get rich easily. Scams are always there so they should avoid this project and spend their time on other well known coins available on exchange.

There's no point in reminding people like your friends. Their minds have been controlled by greed to get rich instantly by using coins that are not even clear. The average believer in the Pi coin so far is that they are elderly, they are easy to fool, hoping that the mainet will start soon and the price will even exceed the price of Bitcoin.
Those who continue to promote that this pi coin will be profitable are certainly those who have joined from the beginning and are trying to sell their ownership at a high price to new users.

Currently, there are many new mining networks and virtual currencies launched in the market, and some of them have gained a high level of trust from the community and are invested by large institutions. However, there are also many coins and mining networks that are fraudulent or unreliable. About Pi, it is a reliable project and is supported by many experts and investors. However, achieving success and going to market is not guaranteed and development may be hindered. The same goes for other coins and mining networks. If you are interested in investing in new coins and projects, I suggest you do a thorough research on the project and make sure that it is really reliable and has potential for future growth. You should also invest some money that you can lose, and should not put all your money into a single project.

There are so many warnings online and I don't know how people still believe in this coin despite all the accusations. They just keep holding on their thought that the Pi they have will become a big money. I have a friend in person that hope that this coin will be sellable and tell him several times that it will not. I stop reminding him at some point because he is really eager that this coin will make him rich. We can't really control thoughts of some people even how logically we explain to them what will be the very possible outcome.

The Pi that people hold is just equivalent to those honey pot scam tokens.

People believe that they can earn huge money with this that's why they still hope for Pi mainnet to come.they don't even realize that they are just been fooled by devs and to those people who promote it. They should realize that those people telling that they became ri h for having this is just fooling them because those just just want to sell them their Pi' coins.

They really need to wake up from thinking unrealistic matters regarding on this coin and move on since nothing will happen if they still hope on Pi.

 Talking about kyc, it is optional to do your kyc if you want or wait for the project to be fully launched, Pi Network is real but without general fixed price yet, and most people that have been kyced are migrated to the Mainnet Pi has two stages of mainnet the enclosed main net and the open mainnet.
It is currently on the enclosed mainnet where migrated users in different countries can spend their Pi to buy goods and services at an agreed price, through a peer to peer means of transaction.
 The project is real and the core Pi network team are working hard to launch Pi on the openmainnet whereby Pi can be traded at a general consensus price worldwide.
The price on the coinmarket cap is not the real price of Pi it's just their speculations on what amount Pi might be when it's fully launched.

Pi coins in CMC or in the market are currently only Pi Coins created by the market and are only valid in the internal market. It cannot be withdrawn and sent to other markets. This is just a coin created to enliven the hype that is happening. and the real Pi coin has not even been mainnet for years. Why do some people still trust coins like this that don't even have any guarantee about Mainnet. It is better to invest in coins that have really developed and can provide benefits.

Yes, I judge from their community looks. In Indonesia, mostly people aged 40+ have no interest in crypto, only people who interested in technology may anthusiast with Crypto.Since their community from old people, this would be a suspicious thing. I understand that maybe I'm wrong, but I 'm sure withmy judgment, because I know how Indonesian people are. When they have been promised big profits, rich ans another related with free or doubled money, most people will be easily attracted even though they don't understand what they are going to do. That's why I was suspicious of PI from the start.

It's been a few years since that Pi, a mining coin that can be done on a mobile device. What I see here with these coins is that they are just hyping their communities. Just kidding, it's been a few years but they still haven't launched yet. That's surprising.

So I think that the owner of the Pi network is not really serious about developing this coin, because until now they have been in the crypto industry for several years and are still not in the legit crypto exchange listing. All I can see is that they are serious about getting a lot of money from their community which they can fool like the people behind onecoin did which ended up being a scam. And that's unlikely to happen on the Pi network.

What you should know is that people always use the popularity of projects to gain access to people buy launching a fake pi coin. What you saw in CMC is just something that is giving you signal on how to be very mindful and careful, during their launch on few exchange I was like this weren't the real network people have been waiting for i confirm on their twitter handle to know if they are real network.

Please learn about what IOU token is. It looks like you don't even know about that. It's all fake tokens created by those exchange sites to get the hype. Even with their IOU and the price is also quite low right now.
It's not genuine and it's only fake token that being issued by exchange site as a trap for the new people to trade it.

You're judging a group of person based on looks? I don't think that it's a good thing to do that. I mean why judge them just by their looks?

Right now, the price of PI Network in Coinmarketcap is around $22. https://coinmarketcap.com/currencies/pinetwork/
TBH, I remembered one project a few years ago where I participated in mobile mining, got some tokens from it, sold it, and got some profit. If somebody knows the project Electroneum still I think around 2017-2018 where ICO hype is at it's peak.

Is Pi mining networks real? It's a scam, and right now the price of it is at $22, but once the developers unlock the tokens that these "MINERS" got in their so-called mobile mining, the price of it will plummet, and that's 100% sure. What they did is a different way of airdropping their tokens to newbies. Here in our country, I've seen numerous posts of people trading their "MINED" Pi networks to something that has value like rice, or whatever that they need. I mean it's just absurd how people look at this network without proper researching. Well, they didn't invest anything aside from the fact that they might gave their private information to these scammers so... yeah.

Pi Network is a scam. The price of it will plummet anytime soon, and these miners will get shock when they see the developers dumping their own token first.

I think Pi network on this coinmarketcap is fake, because the official Pi network says that Pi hasn't been traded, so of course until now Pi still doesn't have a price, but the last news I read, if you need do KYC to be able to transfer your Pi from testnet to mainnet and the KYC process takes a very long time, because some people have been more than 6 months to make KYC, but the KYC is still in process.

but I won't do KYC, because the Pi project is still unclear and doesn't have a price, therefore I don't want to do KYC until the project is finished and can be traded.

Lol, it's in no way a real digital currency neither it was developed by Stanford graduates, these are all lies and only done to create community hype and get a lot of users to make their app and website popular and finally to get phone numbers, emails, and KYC information of users that they can use for their own benefit, might even sell them to third-party advertisers for money.

It is not a trusted project and most obviously just a scam that will never really have any coin released in the market because if it was a real project, it would never take this much time for it to release in the market or at least have an ICO or something.

Go to check their official announcement in twitter, listed Pi coin in coinmarketcap it’s not real, although a few major exchanges listed this coin but i think their mainnet launched yet. I own some Pi coin but it's can't transferable. I didn’t trust this project, because it’s take long time but it’s holders can't sell it.

Really, if you're a real follower of the real PI you know that what is listed on Coinmarketcap is a fake PI
The real Pi network had a notification to all their followers on their Twitter account, those buying this fake Pi may end up losing in the end, so beware of this.

I am not a PI miner but I also heard a lot of negative news about this project, many say that this project only wants to create FOMO for its own brand benefit. but what I know is that if you mine in a short time you can get a lot of tokens and can use simple tools most likely the price of the token will not be high. but I also know that this project also has quite a large community.

I have heard contradicting information about the PI Network and it leaves me confused about the authenticity of the project. I recall hearing that there's a discrepancy between the PI network and the PI coin. We really need to have a clear picture of what this project offers.

Their term for mining is not actually the same as what other crypto called mining, what they call as mining is doing some task on their apps and then you will get some Pi. So, regarding blockchain and cryptocurrency their mining networks is not exactly 'real'. Other thing about Pi is that most of the community tells non-sense lies to attract more people.

What do you mean? The Pi network has been registered on coinmarketcap, what do you mean it's fake?
information about the market has also been registered on coinmarketcap too, Huobi, Bitmart, XT.com and Biconomy,
I think the Pi network listed on coinmarketcap is genuine and the Pi community also has no complaints about this on their social media.

a completely different Pi coin is registered and displayed in the coin market, which has a completely different price and address of the contract, and the real pi coin does not appear anywhere and has not been flattered anywhere, the developers say that the project is working and they need time to develop the project, but I don’t I believe, I even read that investors announced their distrust of the project

you shall wait until next decade to see stupid scam developers who ran pi network to launch its official token. I see no reason to buy this shit scam coin for sure. It seems like that those who still believe in this shit already brainwashed by the developers.

Look at how people must send their identity just to farm shit scam coin like this. Even some people waiting for their KYC to be approved by shit scam pi developers.

I see a lot of people recommending this coin to people by mining it to own them while scrolling through posts on Facebook, Instagram, or even groups in Telegram. This is crazy for an app that's been out for years but still uses the same form of mining. In addition, their developers do not say much about responsibility or talk about the working mechanism of this coin. Instead, it just sounds like an illusion of potential opportunity as well as the possibility of outperforming bitcoin. So it's better to delete them from your phone, which is full of ads and won't help.

Which I can't fully pledge for or stand for since I am not among their team members or even knowing the way about them. If you wanna mine any or involving yourself with the ref program Is at your own risk, the only thing I will have to say is for you to be very vigilante because there are lots of things going on out there. Just as I have said earlier before the team might mean well for pi coin but you know scammers might used this opportunity to scam people due to their popularity gain over the various social media platforms.

Still, I hope Pi Network does not turn out to be a scam. Although a little time has been spent, at the expense of referrals a lot of coins have been accumulated, and I want to get at least some return for a year and a half.

This Pi network of a thing I haven't really pay attention to it and I learnt it was listed on exchange later run had another news it wasn't the real pi coin so was confused about this manipulation. Although I was shared a ref link to register and starts mining, I was like how can I just downloaded an app and starting mining coin. What just came into my mind was this could likely be scam. The Pi team might be genuine but scammer used their popularity and got listed and steal people's coin.

I think pi is real, it was introduced to me by a friend and i downloaded it and mine it until today, i always saw it in a social media and i believe that soon it will launch, there is no harm in mining or trying to involved in mining its totally free and you don't need a single cent's to pay its a free so its an opportunity and if it is not we will not loss because its free.

Atimes it feels like this project is real, because I've seen some persons trading the coin or tokens, but other times it feels like it's not legit. I'm really confused about the validity of the project and I guess there are several persons on this table. I do hope that the hopes of those who has invested time, energy and money in this project would you be dashed eventually.

Why don't you go and try to mine the PI coin to see how easy it is before you can comment.
I don't mine so I can't tell you anything about it but from the word of those who have been mining it for years now it has not been an easy ride.
They also have a very large and deducted community,  scams projects don't usually waste this much time, they try to do things faster to gain money and disappear but this not the case with pi so the choice is yours to make.

Pi mining Network has created a strong communities, through the network of mining and get rewards, which china come out open talk about the project, have to be patiently wait for official lunch of the coin. And also know your customer (KYC) are currently taken place as well. If you're participate in pi mining Network, better do your verification.

Unfortunately there are so many scams and exists in the crypto world that we sometimes fail to see what happens with some others that we do not see for a while. If you have these type of issues 10 times a month, that means 120 of them in a year, you may miss a few of them when you are not looking and if it doesn't become a huge news, then you will not hear about it. Like we all heard about Luna for example, but we haven't heard about this.

Because, it wasn't that much money and it wasn't that much news. This is why many people do not realize that Pi has been gone for a long time, not coming back, it's just gone. There are many you can look at right now, some of them will be gone in the future just like this one as well.

Is that true? it means that this project really has no progress and is only concerned with momentary profits, but I'm still confused about why there are still so many people who believe and have faith in this project if there are problems in the project. and there are also many people who sell and buy these tokens in many groups. however, that is indeed their business, maybe they are already sure of what they choose to invest in.

I think that you will have to wait a very long time b, since the project, as for me, is a scam, everything starts for a very long time, they have already passed the verification, but the project has not been launched, there were a lot of hopes for this project, but in fact there is nothing and I think what will not happen, they collected all the data as you said above, as a result of the price there is no distrust of investors

The confusion about the validity of the PI Network project has been for quite a while. My main issue and fear is in relation to the tedious KYC verifications process and the risk of loosing my personal information to the wrong person. I would rather wait for the project to launch and become active, than to risk my valuables, while striving to benefit from it.

What I know about the Pi network and its currency is that it has not yet been listed in the exchanges, and all of these listings are fake and not official for the real currency. Go to their official Twitter account to know the sincerity of what I wrote. Frankly, whoever believes this project and its network and mining are real would like to waste his time and life in vain. The Pi project is a lie that has been spreading for years; they have not fulfilled any promises so far and have not achieved anything; it is impossible for their currency and network to rise to the light because there is plenty of evidence of their failure and fraud, for me I do not attach my precious time to illusions, I work in mining real currencies, invest and trade, and this is much better than digging and making efforts to search for water in the desert.

PI that available in some exchange sites were just shitty IOU that being made by those exchange sites to chase the hype but the problem if they don't know if this is a scam token. i don't know how some exchange sites become blatantly stupid to create IOU for the scam coin like pi coin. Pi is not a legit project. You can stop to call BS thing like this as a good project.

Those who buy or P2P pi coin with USD or Fiat currency are just speculation, it will be worthless and will never enter any market. Maninnet which is always promised of course just bullshit. Why are so many fooled by this kind of project. In fact, many of these pi coin communities are of advanced age which is indeed easy to be fooled by sweet promises that pi coins will generate a lot of money for them.
The pi coins listed on the Exchange are only internal coins owned by the exchange, they are not real coins.

Pi mining network still not listed anywhere and now unofficial trading is available. I saw many YouTubers buying Pi coin and paying them in Usdt. As far Pi network is looking as a legit project but there are fake pi coins trading in the market. So we should be aware and should not deal with a scammer or fake profile.

as for me, I not only heard about this project, but also mined on a mobile application myself, to be honest, I’m not sure about this project, firstly, a very long time has passed, but the project has not reached a different level of development, and so didn’t start., secondly, I think that this is a scam project, phones are buggy when loading their application, and in general I don’t believe in this project

Some of my colleagues also mined Pi network via there mobile phones, infact some of them had "locked up" there coin for many years with the hope that the price of pi network will hit a huge price in the nearest future thereafter they will withdraw and exchange to fiat, personally I am not convinced about the credibility of the coin despite the massive hype enjoyed by the coin especially in China, infact the volume of the pi token is in billion so even if eventually listed it won't have a reasonable price value because of massive dumping by it hodlers, you should make more research on it before taking a decision of buying the token.

I have seen a lot of rumors about this PI token, on various social media and even all groups are also talking about this token. but in my view, token pi is not quite ready to release their project, because judging from their preparation they are not quite ready yet. many people also doubt this PI project, but I also don't say their project is bad, I just see it from the chatter of people in various media.

i guess the pi is now listed on some exchange. but they still don't fit from what i've heard because the pi is said to be competitive in price with bitcoin. but what i see they only cost $25 and from some info i got there is still problem about deposit and wd in their pi network. so I think this coin is still not stable enough to be invested in say serious projects. if you want to learn about pi coin i think basic info you can find it on coinmarketcap.

Is this fomo too @masulum?? If i am read the news and follow the comments on Twitter, there are a lot of PI, although it cannot be denied that the users who mine using mobile phones are also countless and what is most awaited and discussed in this coin is the length of time it accepts for KYC. as well as the launch time of the mainnet.

No, it is not worth it even if you did not tangibly spend money. The risks are might enormous. Here is the thing, it certainly requires your time to anyhow runs the application/mining, second, I'm sure you did not know what and how the application is done in the background, what if the app extract and exploit your data, whether your phone data or KYC data.

Relying on questionable or unknown things that require your time is, I think, a bad decision. There is a better thing to do that didn't require mere hope.

This Pi Mining thing is already old and many promises has been broken especially with those people hype this project before and even by now nothing happens. Its seems this project is just collecting KYC information from their users and you need to be more careful with this and don't over extend your hope on something unrealistic.

There are other still hyping PI because they just want to sell their Pi coin to other individual so be careful with this since I really doubt that this coin have potential.

Timing matters here and many are still working with Pi network with a hope of a real value in the future. If you are doing this without spending any money, then I think this can be worth the risk. Most of my friend have this one and mining as well using their phones, I’ve done this before and I hope that in the future, Pi network will have a great impact in the market.

And people who are hoping that something might happen to it have complied to its KYC mandatory. That's certain that they've collected a huge number of data from those gullible people that trusts them.

To make it look like they're legitimate and working on it, that's like a requirement to show people that they're making a progress. But in all reality, nothing really is happening on them but just asked for people's identities.

Have you tried following their social media accounts and there are no more new updates their? But what about their mining app? Maybe you can still find some updates there. Last time, PI is gaining attention in social media sites because I always see a post from them in my timeline and there's even some threads created on the forum about them. That hype eventually died down.

Maybe people already realize that it was a scam and the coin will never be listed because it's been too long since they first promise it. They are only good delaying things. There is no way to buy this coin but there are so many fake PI's lying around. There are no real benefits on investing them, other than losing our money to the scammers.

this coin has been launched a long time ago and many of those early miners already gave up on this. and owed to kyc requirements, i don't know what else this project is collecting from their users. i hope those users who are hoping that one day this will give them fortune already wake up from reality that this coin is just a substandard alt which is not really worth investing.

This is cap. It was stated on the real pi app that the one with value on coinmarketcap is not real. There is still no price on the real pi.

What you see in the pi app and their monetization from ads rather than promises to people creates a coin stronger than bitcoin. It's funny how many people think that one day the price of pi will reach hundreds, thousands of dollars. When I ask them about pi they know nothing, and the reason for them to know and dig it is when people say it's like bitcoin ). In addition, I find it funny to trade in this coin as the pi team refuses to accept responsibility for trading while many people claim that pi has very good liquidity.

First of all, never trust a project that only gives promises without taking real action, at the beginning of my crypto journey, I knew about this project, but what? until now the development that they do has never been realized in real terms. It's just an app that steals data and sells it.



Do you really believe they will launch their coin as well as their mainnet? LOL, as I said before, never trust a project that only delivers on promises. As you can see in the image above, even though the Pi coin has been listed on various exchange platforms, you can only trade in-exchange, be careful with this, mate.


Really? could you please provide link to that news?


"BIG NO"

I remember TBC with this coin to be honest. They are using people to and make them believe that the coin will rise, also there are pi merchant believers that are accepting pi as a payment on what they are selling. It also happened on TBC which is a big scam. Since then, I don't really believe in this coin since it's very suspicious starting from their mobile mining app where nothing is really being mined, doing KYC to their members for greater rewards and now which is making the public believe that they will be rich with this coin. Unknowledgeable people are the one who are am I pertaining as public.

I'm confusion with pi because when first time pi mobile mining start than i starting pi mining my friends give me invitation link from pi mobile mining. Already lost my old pi account and Again create new pi mobile mining and started mining newly i hope pi is real project but we need to wait with patience.

So many people have been clariffying if that was another scam. There's nothing more than it as a scam coin. The dev were brainwashing people to mint this shit scam coin. The dev took advantage by fooling people to clicking adds when they are mint this shit scam coin on their phone.

This project is not real. The only stupid people who keep believing this is real.

The PI coin that is listed on the exchange is not the same token that user mine using their mining platform. Exchange offers an IOU token probably they just want to benefit from the hype of PI tokens since there are a lot of users holding this token for many years despite there being no real utility and fake blockchain network. Don't waste power consumption and time on this token since this scam project is running for many years without any significant development aside from pure hype from the community that wants to dump their token once there's already an exchange list it.

Pi mining has started for some time and it has been making noise for some time until it is officially launched nobody can authoritatively say this is how it will pan out, I know a large number of people that have mined it and are still mining it, I see the token is trading around $20 per token, and there are billions of these tokens in circulation, I don't know where the people behind the project is going to find money to pump the token and I have seen any big exchange mentioned they want to list it on their exchange if this trade at $1 some people will be made for life but I will dump mine at the earliest possible time available

I don't want to demean the citizens of my country, but in fact, older people, both women and men, mostly have no interest in crypto. If there are a lot of old members attending community meetings, chances are they are only interested in promises of profit. If they run a ponzi scheme, I remember the case that happened to the bitconnect community.

Well, I tried to visit Pi Network Indonesia facebook, look at this. Not much different, the participants are old people, why? because they are easier to influence so they can join PI. Cases of "multiplication of money" fraud in Indonesia are common and most of the victims are old people. The scheme that makes me suspicious of PI at the beginning. Even though there were also many young people, from several meetings I found the participants were elderly people who incidentally are very easily tempted by the lure of profit, getting rich and so on.

no one knows because this project is from the end of 2018 I know until the day I don't determine its development in the intended mainet, the uneven implementation of KYC makes it doubtful to do kyc if you get an invitation

I have literally thousands of Pi coins sitting on my smartphone and I believe it's a scam bigger than we can ever imagine! First, let me ask you a question -

Let's assume you can get groceries free of cost from the government. Will you buy the same quality of grocery items from a private departmental store by paying them? The answer is most likely NO unless you have an abundance of black money lying in your house.

Now let's change that perspective to Pi coin. It can be mined through a mobile phone without using any computing power. So how on earth will someone buy that same coin from the market by paying money? It's a flawed logic from the very beginning.

Also you are expected to complete a full KYC if you want to withdraw your Pi Coins. I don't know whether this facility is available yet or not but the KYC is surely available. No one knows what they are going to do with your KYC data.

Stay away from it as much as possible.

The price is only an IOU which means it is not the actual price of Pi network and hence mainnet is not yet deployed no one knows what will be the value of it. Though I am still mining in the app daily and hoping it will have a big impact towards the mainnet deployment soon. I don't have problem of it hence devs are active and for me it has a massive community that backs it up and it will create a great hype upon the launch.

There has been a lot of hype about this coin in the last year but this time they are not making any progress yet since their coin has no value in the market and it has no liquidity to show us that they are even real. It's easy to conclude if the coin is real and legit in the meantime because all they need to do is to have their own exchanges to trade their coin freely there and also to have it listed on some known exchanges nowadays. with that, we can say that they're really legit and working towards a new future because when you read their posts regarding this Pi coin, you only get some hype and we all know none of that matters unless we can trade the coin freely.

I dont know cant judge them by their looks. But obviously this Pi Network works like a ponzi its like the lyka gems that surround before and now its gone. Many scrutinize that project due to a lot of factors. Worse is Pi is being inclined as a blockchain project which clearly it isnt. Its like a centralized platform for using Pi but not really involve blockchain tech. So be careful to a lot of coomunity there, dont wanna fall on this.

That's right, I found PI-Network in 2018, I also tried to trace back whether I was wrong or not. And I found github explorer for PI Network, and the first commit existed since 6 years ago. I hear form several group member in Indonesia that i joined, Here Pi-Network doing seminar few times, unfortunately I did not save the documentation from group member, one think made me don't believe about this project is, most of those who participated ini seminar look like is not understand crypto. For example, this one:

Source: https://www.beritabulukumba.com/nasional/3877843048/begini-keseruan-kopdar-pi-network-di-indonesia-siap-siap-cairkan-pi-coin

look at the people who attended the Pi-Network community meeting, it seems they are not people who understand crypto right, I'm pretty sure they are join this community because of tempted by the promise of profit and make them rich sooner. Indonesian old lady interested in crypto,  lol,

All project that has to do with cloud mining is not good enough to be trusted because they ar still on the developmental stage, I've also been hearing about pi network a while ago and nothing has come forth through them than just consistent awareness that people should continue the mine, who knows what may come out of it, but as of now there's nothing to show with those into it, it's hust an imaginary expectations they have been working on, it may turn real and may not, just know you're taking the risk of either means.

Pi network is just an another shitcoin where they claim you can mine your own Pi coin through your phone, it's pretty simple just download their apps and click to mine, that's it. Many people think it's real because the number is always increase when you leave it, but for people who're know how crypto work and how to mine it, they would stay against this shitcoin.

You sure that it's on different platforms? I doubt.

Don't generalize that it's China that's willing to buy it. Those Chinese people are just hyping you to think that there's really some value on this coin but in reality, there's none.

Never, check this out below;

If PI is sold, then we have to look at them differently =))

You are right to be suspicious ror anything "free" especially when it's announced in advance. That's a guarantee of it getting botted and worthless to individuals.

But the whole concept was pointless to begin with. Only gimmick with it was that it's going to be mineable by phone, and even if that would work, who cares. That wasn't a problem anyone needed solution for. Their token that's trading in some of the most shadiest places seem to have paid volume only. Which i thought would be thing of the past, but i guess this is coin design from the past too.

Say far away. Even with airdrops and mining you are losing time and most likely compromising your phone as well.

It's a SCAAMMMM. The first time I heard about this scam project was several years ago, and now there is no news about the project or development. It's all marketing gimmicks and promises that you'll get rich when you buy, which is a typical definition of a Ponzi project. I would advise anyone not to attempt to download or use any service related to that project or attempt to promote it, you are trying to promote fraud and your friend or community will hurt you when they lose their money.

also, when you try to download this application, they collect and sell your data in order to continue their promotional campaign for this scam.

The only stupid people who are counting on this shit scam coin. Pi has been talked so many times here and it's just another crap coin that full with brainless people who wanna be millioaire without doing nothing.
Mining pi coin is wasting your money caused by it will be destroying your phone and ruined your electricity. it's listed but it's unofficial. that means token never officially listed by team.

I'm confused about pi network project start from day one I had about pi network mining with mobile app and get rewards, which i didn't participate, congrats to people that participate, when it official list and also started transfer of token, I can buy little and hold.

There is a disclaimer here it's a fake listing because the developers should be the ones listing this token I have no report of someone mining it and already sold their shares this is a fake Pi token and people should be aware of it or they will lose money

Im talking about that it can be exchange through appliances, gadget, or even fiat money. Cause here in our country they are accepting Pi Mining as form of payment in their stores. Or someone buying it with real fiat money thats why Ive said it has value. But if you are talking about exchanges, Im not sure if theres one that is listed on it since its not have a blockchain yet.

If you are really that a member of some crypto groups specially on Facebook, then you would definitely be seeing up those people who had really be that anticipating that PI network does really have that kind of value but actually there are people who had been saying that this doesnt even have that actual blockchain, then why it would be something that would really be getting some value? This had been already a long time and
i've read up that there's some promises that had been made but until now it wasnt really be able to happen.

Is it a legit or fake?
https://indodax.com/academy/en/what-is-pi-network/

Mining in mobile nowadays is really that a pretty common. There is also that Avive mining and Omega but it seems that all of them are just waste of time.

Since its been used for p2p on some countries even in my country. Its safe to say that it has traction and been trending for a while but think about their process, is it really a mining or a blockchain project without actualyl doing its description? Maybe the term social mining is for social task but that isnt a blockchain deed but a social interaction. So technically it isnt right? Anyway we will see how the hype of Pi mining would come or not. Im gonna be shocked to know that this will not launch, see dozens of people whom expecting it will definitely cry.

I am also confused for this project. There are quite a number of users, but there is no specific sign when it will be launched and the KYC verification process is also quite long. I also entered to mine but for now I will stop pit first and until now I haven't had kyc either, okay. I'm confused as to why it's like that.

Read the disclaimer about this market not being open / active.  Note the market value is $0.

Move this to altcoin mining section, it doesn't belong here.

Pi mining network is listed on different trading platforms that is trusted coins coming out soon, China are willing to buy it when is launches into the market but I had trust issues with most of airdrops and free mining networks, some after a while it will just vanished or remain irrelevant. Do you think is real or is going to be launched soon?