Topic: Pi network mining (Read 2091 times)

Pi network is just another unfulfilled project still hanging in the air, I wander if they are still some actual persons wasting their time mining pi, some of their miner can be so obsessed with the coin and yet they are not receiving the result of the efforts they put in. Recently I meet a pi coin miner and he told me when they launch pi, its price would be equivalent to that of Bitcoin, and I was like what do you mean? The kind of confidence they have is kind of surprising. I believe this coin is a waste of time especially comparing the amount of years it has been on hold.

I mean this is what is being preached by every pi coins holder I know, I mean the confidence at which they are certain of the outcome and growth of which pi coin will have is just amazing to me. No matter how I try as much as possible to linger in this view of theirs, the possible taught that this whole pi coin is actually just a big set up and those actually having it, is just wasting time on the shit but thats a different case for someone holding pi coin.

Truly you have summarized everything about Pi network it's up for it miners or hodlers to accept the reality because as it stand no amount of conviction would deter pi network to do away with it, they have a firm believe on the project and continue to mine it having been brainwashed that when Pi network is successfully launched it would supercede Bitcoin and every of it hodlers would be rich based on it launching price, what they don't understand is that Bitcoin has 21 million in it Blockchain unlike Pi coin whose estimated coin is above billion this alone would render it price to be worthless even if successful launch in any exchange.

There are numerous projects in the market, though they cannot be compared to prominent ones that are popular.  it's just a matter of time before we choose the require legitimate projects to invest all our time and money on and reaping quite some good amounts. From the very start of this projects, I've lost interest because mere checking their road maps which seems to be complicated, though a trader who knows how to trade should just engaged in Pi Arbitrage because that's one of the excellent technique to earn quite relevant amounts from the system. Pi network mining chances of either been a scam or legit is 50/50.

Pi network has for long remained a project and hasn't had a proper lunch such that it becomes valued enough to be transacted, I have not seen it traded on any of the reputable exchange and that has continually given me doubts about it.

I sometimes see PI network as a project that wouldn't stand the test of time and comparing it with Bitcoin sounds lame to me because there's a whole lot of difference which are not in anyway close to each other so such comparison isn't making sense. There are other alt coin which can be compared to pi not Bitcoin.

  What else would you expect from that useless Pi coin? All that is known is hype. It's just a pity that those who invested there are closed-minded, as if their supporters have also been hypnotized and blind to the truth.

  Think about how many years they have been saying that Pi will take over the bitcoin price value in the market, but not even an exchange here in cryptocurrency can you see where it is listed to say that it has potential. I can hardly count how many other altcoins have said that they will surpass the price value of Bitcoin, but that has never happened in the history of Bitcoin.

Most of the PI holders that can't dump it will do the shilling for them to just get hold off from it. They have to do whatever they can because they are probably getting the signs that has been told to them that this project isn't going to be good than the others.

Yes, none can replace Bitcoin whether how many communities they are or how many they are in their communities. Bitcoin is like the standard and where they are all standing. Forget about that dethroning.

Majority of the Pi coin hodlers I knew got it through mining I never come across any investor of the coin, because I don't think any investor would waste their hard earn money on a project without a roadmap, funny enough those who hunted the coin through mining are boosting that they are already rich if the coin is eventually launch into the mainnet that the value and it price would be huge, unfortunately those hodlers continue to mine more Pi coin truly after been on false hope announced by the promoters and developers, personally I had duly informed those who care to listen about the worthlessness of the coin.

That's how insane they are when they don't do their own research concerning the project they want to invest in, they just want to spread what they have heard from the promoters and sometimes they are blinded by their words until what comes out from their mouths are claims that has nothing to do with the reality. If Pi is real and they have a working platform, they could have done some testing and given their investors a beta version of it to be tested but what they have done so far was false promises and their investors seem die-hard to believe everything they said.

I have given hope on pi network. I took it up to myself that I will see through the end of the project, but it seems I dont even to where am going or if truly it's worth spending time on.
If truly pi will come in to existence, I believe it's fuction is likely to be like USDT where the price remain constant according to the analysis of pi that it's price is equated @π=22/7 which is equal to 3.142 so it's value remain constant which means can not be traded in exchanges. It interface is more likely to be a non custodiall wallet only p2p meaning will not be volitile. And it total supply is in billions making it to be valueless. The relevancy of any commodity is scacity. I think scacity plays a vital roll on making things expensive.

So with all this evidence I believe bitcoin is still the best compeard to any crypto currency. Expecially the topic of discussion (PI) because bitcoin has what pi never had. Bitcoin is limited in supply i.e scacity
Volatility
Uses centralized exchange CEX
Trading
Change in price at every halving/ bullrun.
Etc pi is no where compeard to Bitcoin when I was not fully educated on bitcoin like I am now I always think that pi will save the world but to my greatest suprie here I am prasing Bitcoin because I know the value and don't need anybody to tell me the gap difference.

You are right, it is similar to many altcoin but still their behavior is fishy. They migrated user tokens about a year ago but they have said their mainnet is not open to integration with other platforms. I saw some people even try to use this token to integrate with their local businesses. Some third-party websites called PI Mall emerged though i didn't find any option to use PI on that platform. It looks like another chinease ponzi scam that attracted millions of users to their platform.

Somehow yes, but I think this is more of a conversational thread about PI. We had seen the sentiments of people around PI in this thread and majority of us agreed that PI is a fishy token. Personally with the current status on how PI is being transacted online, peer to peer with a middle man on platforms such as social media, it's so fishy that I can compare it to TBC (the billion coin) which is also being sold peer to peer with middle man before.

In regards of comparing it to bitcoin, people who said it is comparable to bitcoin must be joking. I can't even compare this to the top altcoins in the market.

I have just checked that the PI listed in exchange is the IOU version of the token which uses the actual PI ticker and icon but the user can only buy and sell that token. They are not letting people deposit or withdraw so real PI token owners can not sell their tokens on the exchange. But as i have said there are some OTC groups that are offering PI trades with some escrowed fees. I think this is the only safe way to trade that token for now.

I think OP is just shilling PI network and compare Bitcoin with it. I had a bit of a laugh as well when I heard about this comparison since based on my knowledge about crypto Altcoins will remain what it is and nothing can replace Bitcoin network I mean, PI is Pi and BTC is BTC two different networks on two different coins. PI has nothing to prove yet compared to the pioneering Bitcoin.

I have seen various media discussions about pi mining. But since quite some time I have been active with pymining. Many people told me that this piemining would be very good. That is why I am regularly active here. But I don't know when they will allow mining users like us to generate and sell tokens. But I passed all KYC given by them. Hope to get something good from here which will be big income of my life.

Pi network mining really brings people attention towards the project and even most people that are mining pi network has no knowledge about cryptocurrency, just garbage in to claim token on daily basis as already program and share was much and community was large, I reserved my energy while waiting for the main lunch day, which I strongly believe that pi miner we dump the market because of large allocation claim and I buy from there.

Hmm, that's new, I never knew that their Pi coin has been listed on the exchange Huboi as you claim, I think I will check this out later because I think I know some person with me that are actually owning some pi coins and have been looking for some way to actually exchange it on an legit exchange. And yes so many people are not happy with the pi network because they started as a very promising project till they started adding deceit to their profile claiming to list the coins and adjusting everytime it reaches .

Is this the same PI coin listed on some exchanges? I think I saw that in huboi as well. If they are not that serious how were they able to pay listing fees in an exchange like Huboi? I saw some people trying to sell this PI coin in an OTC group that I am in. The price in that group doesn't match the exchange price but it's still a good price that I saw in that OTC group. I am not sure what is happening with that project but I can see many people are not happy with it.

Same thing with me here, I totally lost interest too, when I saw that the team are not serious on the launch of the coins, with the hype that was going that period with this pi network mining it was almost as if the coins will be launch and have it listed in one of the popular CEX for trading but that wasn't the case as the team just keeps postponing the whole launch and making things frustrating and confusing for people actually mining this Pi coin.

There isn't any waste of time in mining Pi coin it is mostly mined with mobile phone without any hassle, however the future of Pi coin is the subject of discussion as well as how it is mined is absolutely different from how Bitcoin is mine raising some questions on what problem does the project solves? I tried to raise this issue with some Pi coin miners none of them was able to give detail explanation on the project all they could say was when launched on the mainnet the price of the coin would be high and all of them (miners) would become rich after selling their coins because most of them had mined alot of Pi coin are locked up, moreso according to some information P2P Pi coin on large scale isn't allowed on their network.