Pi Network - page 3. | Bitcointalksearch.org

tabas

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Quote from: MCcryptonia on March 04, 2021, 11:11:53 AM

I don't believe that mining Pi will use resources like CPU or GPU of your phone, that thing works like cloud mining and the project is blah blah to me, never going to waste my time on such ever again, I believe everyone hyping this project knew too less about crypto projects and shitcoins, sorry for my mean words

I don't believe on it either but it consumes the power of your phone that's why it drains battery and lessening its life span. It's just a show that they are allowing you to mine.
But that's not really mining at all.

Quote from: avikz on March 04, 2021, 01:26:13 PM

Pi don't use your phone's battery or CPU power to mine. It's just a pre-defined amount set within their algorithm that you get after specific time duration. So it doesn't cost you anything to mine Pi.

I used to mine Pi earlier but now they have started showing their true colors. Everyone will have to comply with their KYC rule to withdraw and use Pi token. Which is really absurd so I am not using it anymore. For a token which is not listed in the market and doesn't require a dime to mine, complying with KYC can be a costly mistake.

But once you activate their app, it will consume your battery. Now that they're asking KYC, well, that's the downfall or they really are going down because there's no concrete plans.

speedforce

full member

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Isnt pi network hype already passed away? I remember the era when pi advertise their project everywhere and many people installed them on the phone just like ETN mining in the past.

laredo7mm

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Quote from: avikz on March 04, 2021, 01:26:13 PM

Quote from: tabas on March 03, 2021, 06:51:41 PM

Quote from: androyster on March 03, 2021, 06:13:03 PM

What do you guys think about this?

It's nah for me. Waste of phone's energy and battery life span.

Quote from: androyster on March 03, 2021, 06:13:03 PM

Pi is a phone app trying to monetize and has over 13 million users.

Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens?

Pi don't use your phone's battery or CPU power to mine. It's just a pre-defined amount set within their algorithm that you get after specific time duration. So it doesn't cost you anything to mine Pi.

I used to mine Pi earlier but now they have started showing their true colors. Everyone will have to comply with their KYC rule to withdraw and use Pi token. Which is really absurd so I am not using it anymore. For a token which is not listed in the market and doesn't require a dime to mine, complying with KYC can be a costly mistake.

It's just an overhyped project which got so much attention but still failed to use this initiative. They even use Adsense to their mining app to earn some money which is funny. A well pre-planned project won't do this also as you have mentioned about their KYC. This coin is not tradable but they have implemented KYC right now which is suspicious.

avikz

legendary

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Quote from: tabas on March 03, 2021, 06:51:41 PM

Quote from: androyster on March 03, 2021, 06:13:03 PM

What do you guys think about this?

It's nah for me. Waste of phone's energy and battery life span.

Quote from: androyster on March 03, 2021, 06:13:03 PM

Pi is a phone app trying to monetize and has over 13 million users.

Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens?

Pi don't use your phone's battery or CPU power to mine. It's just a pre-defined amount set within their algorithm that you get after specific time duration. So it doesn't cost you anything to mine Pi.

I used to mine Pi earlier but now they have started showing their true colors. Everyone will have to comply with their KYC rule to withdraw and use Pi token. Which is really absurd so I am not using it anymore. For a token which is not listed in the market and doesn't require a dime to mine, complying with KYC can be a costly mistake.

optimisticcm

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Quote from: androyster on March 03, 2021, 06:13:03 PM

Pi is a phone app trying to monetize and has over 13 million users. What do you guys think about this?

https://research.aimultiple.com/pi-network/

https://medium.com/the-blue-stars/pi-network-will-be-the-next-bitcoin-of-the-future-d571ffda58f9

I have been watching its promotion all over social media and even some friends asked me directly as well but without full blockchain infrastructure, no use cases and no real demand this seems nothing but an empire built on stories, my opinion will change once i see something solid about them.

Nhazwrath

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there is no mining on this network or on a phone it doesn't exist. it Does look like a genuine pyramid after reading its paper.

MCcryptonia

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Quote from: tabas on March 03, 2021, 06:51:41 PM

Quote from: androyster on March 03, 2021, 06:13:03 PM

What do you guys think about this?

It's nah for me. Waste of phone's energy and battery life span.

Quote from: androyster on March 03, 2021, 06:13:03 PM

Pi is a phone app trying to monetize and has over 13 million users.

Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens?

I don't believe that mining Pi will use resources like CPU or GPU of your phone, that thing works like cloud mining and the project is blah blah to me, never going to waste my time on such ever again, I believe everyone hyping this project knew too less about crypto projects and shitcoins, sorry for my mean words

repear7

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I saw this application on social media. Lots of people are downloading this app with big wish. People are trying to increase their references by posting on social media. However, I do not download this application. In fact, the total supply of this currency will be very high i think. I'm worried about the price of this currency. I know demand can control price. Let's see the price in future.

Quintrix

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Activity: 259

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let's admit it, people want easy money and this is what the promoter of this phone mining is preaching, it's so easy just open your phone mine Pi and wait for it to hit the market so people can dump it, everyone like that idea but with billions of supply and no usage or platform this token will go nowhere and the millions of members will realize that.

SUPERSAIAN

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The other day, my friend told me to download it and I searched it and I saw that it was garbage, it is a useless project.complete waste of time and energy.they just make people hope with this kind of garbage project.

rat03gopoh

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Quote from: androyster on March 03, 2021, 06:13:03 PM

... has over 13 million users ...

The only way this claim can be proven is by looking at the number of coin holders. Even now I can't find their transaction explorer site.

By the way I found this https://etherscan.io/token/0xc456dee9254c10863131b1e1e797d457d5b8d023
If this was theirs, how would someone mine the tokens?

Quote from: steampunkz on March 03, 2021, 11:42:22 PM

~snip~
partnered into crypto exchanges sites.

But don't expect to get a reputable exchange partner.

dogtana

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I think it is on the way down. Coinmarketcap even stopped tracking it.

steampunkz

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I don't know about this project as of now there still in development and its been years, I have been a member since the launching of this project but seeing that it is not even launching any good results, and after that, I stopped being active, I suppose they need something more like working, partnered into crypto exchanges sites.

Mulann2

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Quote from: ice18 on March 03, 2021, 11:01:55 PM

Quote from: ?? on ??

many people download their apps with great hopes. But for me it is nothing more than a garbage project. Someone is adding money to their money while someone's phone batteries and processors are garbage. I am of the opinion that it should definitely be avoided.

Actually PI app has no harmed on batteries and processors contrary to what you are saying Pi coins are only mined by tapping the mine button on the app and a timer not actually using a cpu since its only a timer no POW like bitcoin,eth I know this since I have app on my old phone and mining since 2019, Im not sure what will happen in the next 1-2 years on Picoin but who knows this will have a value just like btc right? The team did not launched any fund raising or ICO instead to fund the development of Piapp they monetize the app with ads which is not bad for me instead of an ICO where investors have to invest millions of money then list on exchanges for Pump n Dump and after 5-6 months dumped and team runaway this happened on most ICO last 2017-2018, right?

So IMHO there's nothing wrong trying to install this app and mine you can also turn off ads if you want you are not forced to run ads it all depends on you. Remember Doge which only created as a meme coin just for fun and also criticize by many is now top 15 in cmc, I also laugh at NANO before and did not try the free NANO from only doing Capcha faucets but look top 87 in cmc, think about it goodluck to early adopters, peace to haters lol. Grin

Thanks for the bit more detailed explanation I couldn't have explained it better

because I have it in my phone as well since 2020 though and I have never experience any problem with my phone with regards to the app and since you don't really invest any thing per say like cash in it, of cause why not try it out and see what happens down the line and like you mentioned, look at some that have done it and people thought it was a waste of time but that don't mean this might turn out same but just saying.

ice18

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Activity: 2492

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Quote from: ?? on ??

many people download their apps with great hopes. But for me it is nothing more than a garbage project. Someone is adding money to their money while someone's phone batteries and processors are garbage. I am of the opinion that it should definitely be avoided.

Actually PI app has no harmed on batteries and processors contrary to what you are saying Pi coins are only mined by tapping the mine button on the app and a timer not actually using a cpu since its only a timer no POW like bitcoin,eth I know this since I have app on my old phone and mining since 2019, Im not sure what will happen in the next 1-2 years on Picoin but who knows this will have a value just like btc right? The team did not launched any fund raising or ICO instead to fund the development of Piapp they monetize the app with ads which is not bad for me instead of an ICO where investors have to invest millions of money then list on exchanges for Pump n Dump and after 5-6 months dumped and team runaway this happened on most ICO last 2017-2018, right?

So IMHO there's nothing wrong trying to install this app and mine you can also turn off ads if you want you are not forced to run ads it all depends on you. Remember Doge which only created as a meme coin just for fun and also criticize by many is now top 15 in cmc, I also laugh at NANO before and did not try the free NANO from only doing Capcha faucets but look top 87 in cmc, think about it goodluck to early adopters, peace to haters lol. Grin

nicecrypto

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Quote from: tbct_mt2 on March 03, 2021, 08:43:58 PM

Quote from: androyster on March 03, 2021, 06:13:03 PM

Pi is a phone app trying to monetize and has over 13 million users. What do you guys think about this?

https://research.aimultiple.com/pi-network/

https://medium.com/the-blue-stars/pi-network-will-be-the-next-bitcoin-of-the-future-d571ffda58f9

Can you give us where you store the open source code of Pi project? Is it an open-sourced code project?

Download and install app on my phone to mine Pi coin. It will kill my mobile and it is more terrible if I mine Pi coin on the device I am using to store my bitcoin or to log in and trade on crypto exchanges.

The Picoin team can promote any word to shill their project and I don't judge that Pi coin is a good or bad project. However, please stop compare any altcoin to bitcoin and say this altcoin will be the next bitcoin. Undecided

Quote from: ?? on ??

many people download their apps with great hopes. But for me it is nothing more than a garbage project. Someone is adding money to their money while someone's phone batteries and processors are garbage. I am of the opinion that it should definitely be avoided.

Their hopes will kill their devices and give the opportunities for bad guys to steal bitcoin and cryptocurrency or accounts.

I understand the scare for things like this but from what I have read about the project and their phone mining of Pi, it doesn't actually use up any battery cos your phone can be switched off and still mine but i wouldn't really call it mining but more like gathering however I don't know if this same felling where thought about Electroneum (ETN) back in 2017/18 when they too came up with phone mining, that one actually drained your battery cos you phone needs to be on and data connected for it to mine.

tbct_mt2

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Quote from: androyster on March 03, 2021, 06:13:03 PM

Pi is a phone app trying to monetize and has over 13 million users. What do you guys think about this?

https://research.aimultiple.com/pi-network/

https://medium.com/the-blue-stars/pi-network-will-be-the-next-bitcoin-of-the-future-d571ffda58f9

Can you give us where you store the open source code of Pi project? Is it an open-sourced code project?

Download and install app on my phone to mine Pi coin. It will kill my mobile and it is more terrible if I mine Pi coin on the device I am using to store my bitcoin or to log in and trade on crypto exchanges.

The Picoin team can promote any word to shill their project and I don't judge that Pi coin is a good or bad project. However, please stop compare any altcoin to bitcoin and say this altcoin will be the next bitcoin. Undecided

Quote from: ?? on ??

many people download their apps with great hopes. But for me it is nothing more than a garbage project. Someone is adding money to their money while someone's phone batteries and processors are garbage. I am of the opinion that it should definitely be avoided.

Their hopes will kill their devices and give the opportunities for bad guys to steal bitcoin and cryptocurrency or accounts.

tabas

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Activity: 3024

Merit: 745

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Quote from: androyster on March 03, 2021, 06:13:03 PM

What do you guys think about this?

It's nah for me. Waste of phone's energy and battery life span.

Quote from: androyster on March 03, 2021, 06:13:03 PM

Pi is a phone app trying to monetize and has over 13 million users.

Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens?

androyster

member

Activity: 138

Merit: 10

Pi is a phone app trying to monetize and has over 13 million users. What do you guys think about this?

https://research.aimultiple.com/pi-network/

https://medium.com/the-blue-stars/pi-network-will-be-the-next-bitcoin-of-the-future-d571ffda58f9

Topic: Pi Network - page 3. (Read 739 times)