Mine Pi Cryptocurrency

Pi is a new digital currency developed by Stanford PhDs, with millions of members worldwide. Start mining Pi today and claim your Pi using the below invitation button.

Invitation to Mine Pi

Keep your money! Pi is free. Invitations are only available from existing and trusted members. Use your invitation code ‘bdunlavy’ after installing the app.

Prepare for the future – start mining Pi today.

Decentralized

Secure, Immutable, non-counterfeitable and interoperable digital money.

Mobile First

Works on your mobile phone and does not drain your battery.

User & Planet-Friendly

Easy to use security at scale, without the massive electrical waste.

Explore More

Read the Pi WhitePaper explaining all the details and benefits.

FAQ about Pi Mining

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

What is PI's Mission

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.

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.

Are there any fees to mine Pi?

While the Pi Network mining app is free and doesn’t consume any noticeable amount of electricity for its operation. As a result, no matter what the price of the coin is once it’s listed on cryptocurrency exchanges, its miners will see profit anyway.

Does Pi mining affect my phone performance or decrease battery life?

No noticable battery life decline is observed when mining Pi. Pi does not affect your phone’s performance, drain your battery, or use your network data.

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.

Is this a Scam or really Real?

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.

Do I need to leave the app open to mine?

You do not need to leave the app open to mine. Once you hit the lightning button, you can even close the app and you will continue to mine Pi.

How long does a Pi mining session last?

A mining session lasts 24 hours and requires the lighting button to be pressed to restart mining. Pi’s current revenue model is supplemented by advertising. Restarting mining will flash an advertisement for your review. Feel free to read and follow the advertisement or close the Pi app. Mining will continue for the next 24 hours. Ensure your notifications are turned on for the Pi app to alert you when a mining session ends.

Why do earlier members mine at a higher rate?

Pi aims to be the world’s most widely used and distributed cryptocurrency. To achieve that goal, Pi incentivizes its earliest members to make contributions that will ensure its success (e.g., securing and growing the network). To reflect the importance of early contributions, the rate of mining decreases as more people join the network. At this time, the base rate of mining halves every time the number of active users increases by a factor of 10 (see graph below). This rate will eventually fall to 0 when the network reaches a certain number of users (e.g. 10 million or 100 million). At that point, just like Bitcoin, miners will continue to be rewarded through transaction fees and not through the minting of new currency.

What is the Ambassador role? How does the earning team work?

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 Contributor role? How do I become a contributor?

Becoming a Contributor allows you to earn more Pi by building a security circle of 3-5 trusted members.

Pi’s Contributor role becomes unlocked for users after you’ve finished 3 mining sessions as a Pioneer. After 3 days of mining, you will see a new icon of the security circle on the home screen of the app which you can click to start. To become a contributor, you need to add 3-5 people who you trust to your security circle.

What are security circles?

Security circles are groups of 3-5 trusted people built by each of Pi’s members. Security circles secure the currency by building a global trust graph that prevents bad actors from executing fraudulent transactions.

While cryptocurrencies like Bitcoin secure their ledgers by forcing miners to burn energy (proof of work), Pi secures its ledger when its members vouch for each other as trustworthy. Pi’s Contributors vouch for each other by building security circles comprised of 3-5 members they deem as trustworthy. Security circles should be comprised of people you trust not to execute fraudulent transactions. The network’s security circles form a global trust graph that determines who can be trusted to execute transactions on Pi’s ledger.

What is the value 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 our 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.Today, we are laying the infrastructure for this digital currency and marketplace by distributing the currency, building the community, and developing the technology to ensure its security.

Can I withdraw my Pi? What is the timeline for withdrawals?

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.

Pi launched Phase 1 of the project on 3/14/2019 (Pi Day). During Phase 1, your balances are being recorded with a guarantee of being honored when Pi transitions to mainnet (Phase 3). Transfers of Pi are restricted until we reach mainnet to prevent bad actors from accumulating Pi from fake accounts. For example, a bad actor could mine from fake accounts, transfer the Pi to a legitimate account, and then pass through Pi’s account verification process despite their illicit gains. We are still refining the exact development timeline for the project. For more details, please refer to the Roadmap section of our white paper.

Can I mine from more than one device? How does the network prevent fake accounts, bots, etc. from earning Pi?

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.

First, the network uses Google’s recaptcha v3 to know if a device is operated by a human or a machine. (This technology is completely invisible to most users, since they are real humans, but bots may start seeing captchas if google’s algorithm catches them). Over time, we are also developing a machine learning algorithm based on real users’ mining behavior to predict bots.
Second, Pi’s consensus algorithm requirement (security circles) make it easy to detect fake accounts. Fake accounts will not have enough real people pointing at them via security circles. At best, fake accounts would be pointing at each other with very few incoming pointers from the rest of the network. This anomaly is easy to detect with computer algorithms.
Finally, when Pi enters its 3rd and final phase – Mainnet, only accounts validated as belonging to distinct real individuals will be honored. In other words, even if all other methods missed out on some “bot” accounts, this user validation process will further eliminate them because bot owners will not be able to prove bots as real people with real names. We are currently exploring decentralized KYC processes that would be minimally intrusive.

Is this app a wallet? Will we hold our own private / public keys? And can we use an external wallet to hold our Pi in the future?

Yes, your phones will serve as a cryptocurrency wallet that will be linked to your current accounts (number / Facebook).

Like with any other public blockchain, Pi’s blockchain will also allow in-app/external wallets to hold Pi and transact with it, by submitting transactions to the blockchain directly. This is a functionality that we have currently scheduled to be provided on the Phase 3 of the project. (as a reminder we are now on phase 1 – distribution of the currency – we will then launch a Testnet as phase 2, and phase 3 is when our mainnet will be live). During phase 3 of the project, you will also have the option to take full ownership of your private / public keys.
Pi aims to be much more accessible to everyday people which is why we are trying to build this integrated interface. We’ve chosen this phased implementation to make it easier for everyday people to use. We are still in our early days, and are excited for the road ahead of us.

Are there countries or regions restricted from accessing Pi?

Yes. Pi Network’s vision is to build an inclusive peer-to-peer ecosystem and online experience, fueled by the Pi cryptocurrency.

Therefore, Pi Network is making a personal communications service available to all Pioneers where permitted under applicable laws and regulations. Additionally, Pi Network is providing cryptocurrency transactions to all Pioneers where permitted. Please keep in mind that these laws and regulations change frequently due to changes in technology, policy and political events. For additional information, you may wish to visit the Office of Foreign Assets Control Regulations’ website.

Can I ensure mining PI is Safe?

Yes – Always follow our safety guidelines found in the following link to protect your account: https://minepi.com/safety

Can I learn more and stay up to date on Pi?

Yes – the whitepaper is a great means to lean technical detail and the business around Pi. Please check the Pi Network homepage regularly at https://minepi.com/

What is HealthySuccess.com affiliation with the Pi Network?

HealthySucccess.com is advocating awareness to the Pi Mining effort and is a contributing member to the network. If you found this site easily and helped you better understand Pi then please feel free to use my username ‘bdunlavy’ as a referal. I very much appreciate the ackowledgement and support. Welcome to the Pi comminity and to your healthy and success!