Minepi.com review (Is Minepi.com legit or scam?)

Minepi.com review (Is Minepi.com legit or scam?)

Minepi.com review (Is Minepi.com legit or scam?)

Read all you will need to know about Minepi.com.

Cryptocurrencies are new form of digital money that are maintained and secured by a community, instead of by governments or banks.

Today, you can mine (or earn) Pi by helping to secure the currency and by growing Pi’s trusted network. While most cryptocurrencies (like Bitcoin) have been very hard for everyday people to use and access, Pi puts the power of cryptocurrency into the palm of your hand.

Pi is NOT free money. It is a long-term project whose success depends on the collective contributions of its members.

Pi is dedicated to helping everyday people capture more economic value that today goes to banks, technology giants (e.g., Facebook, Amazon), and other intermediaries. Pi depends on the collective contributions of its members. If you are looking for quick money, look elsewhere.

In this Minepi.com review, I am going to be writing about all you will need to know about mining pi. Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then.

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What is Pi?

Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone.

Pi is dedicated to helping everyday people capture more economic value that today goes to banks, technology giants (e.g., Facebook, Amazon), and other intermediaries. Pi depends on the collective contributions of its members. If you are looking for quick money, look elsewhere.

How does the app work? (How to start mining pi?)

This app allows you to earn Pi by making simple contributions to Pi’s community. The more you contribute, the more Pi you earn.

To start earning Pi, check in every 24 hours and hit the lightning button to start mining. Once you are mining, you can boost your hourly rate by inviting trusted friends and family to join the community.

After 3 days of mining, you can boost your earnings more by building your security circle, which contributes to the overall security of the network. Keep in mind, earlier members of the network mine at a higher rate than those that come after them.

Minepi.com referral

As an Ambassador, you earn up to a 25% bonus on your base mining rate for each person you invite to the network.

You become an Ambassador when new members join your earning team by using your invitation code when they sign up for Pi Network.

Each member of your earning team provides a 25% boost to your earnings when they are actively mining. A new member can only be added to their inviter’s earning team, because each member only joins Pi once using one inviter’s invitation code.

In other words, unlike the security circles where people can be added into multiple member’ circles based on trust, earning teams are fixed based on who invited whom. Each invitee in the world can only be claimed by one inviter.

What is the value/price of Pi?

Today Pi is worth approximately 0 dollars / euro etc. similar to Bitcoin in 2008. Pi’s value will be backed by the time, attention, goods, and services offered by other members of the network.

By pooling their attention, goods, and services around a common currency, Pi’s members seek to capture more of the value that typically goes to banks, technology giants (e.g., Facebook, Amazon), and other intermediaries.

Is Pi legit or scam?

Pi is not a scam. It is a genuine effort by a team of Stanford graduates to give everyday people greater access to cryptocurrency.

According to its website “Pi’s core team is led by two Stanford PhDs and one Stanford MBA, all of whom helped build Stanford’s blockchain community. We cannot guarantee that the project will succeed. However, we do promise to work our hardest to make our shared dreams a reality, while maintaining the highest standards of integrity. You can learn more about us in “Core Team” page in the main menu of the app.”

Frequently asked questions (FAQs)

Can I withdraw Pi?

No, you cannot withdraw Pi yet. You will be able to withdraw Pi or exchange Pi for other currencies in Phase 3 of the project when Pi transitions to a fully decentralized blockchain.

When will Pi be worth something?

Pi’s holders will be able to turn Pi into “real” money when they either purchase goods and services on Pi’s marketplace or exchange Pi for fiat currency.

Can you mine Pi from more than one device?

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No, you cannot mine from more than one device. The network has a strict rule of one account per person. Pi uses a multi-pronged strategy to ensure Pi is not mined by fake accounts.

Do I need to leave the app open to mine?

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.

Conclusion

Thank you for reading my Minepi.com review. If you have any question or comment, you can leave it below in the comment section below.

Remember to share with your friends on social media and also subscribe to this blog for cryptocurrency updates.

Thank you once again.

https://minepi.com

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