1. Mining mechanism
Unlike Bitcoin or Ethereum, mining Pi does not require powerful devices or massive electricity consumption.
The application on phones operates using a mining simulation mechanism rather than traditional mining. This means that the user does not solve complex mathematical equations, but rather proves their presence and activity on the network by daily pressing the mining button.
2. Main objective
The Pi project aims to make digital currencies accessible to everyone, even to those who do not own specialized devices or have technical expertise.
This idea has helped the application spread globally and attract millions of users quickly.
3. Advantages
User-friendly via phone.
It does not consume battery or internet significantly.
It provides an opportunity for beginners to enter the crypto world without significant financial risks.
4. Criticisms and concerns
So far, Pi is not fully traded in open markets like Binance or Coinbase, and thus its actual market value is unclear.
The "mining" mechanism is closer to a collective reward system than actual mining in the technical sense.
The success of the project depends on the development team's ability to list the currency on major platforms and expand its economic system.
5. Conclusion
The Pi project attracts users due to the ease of mining from a phone and the absence of costs.
However, it is still in a trial phase, and its value depends on the team's success in fully launching the mainnet and providing real use cases for the currency.
Investing in it currently is more of a bet on the future than a guaranteed source of profit.
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