Launched in 2019 by three PhD graduates from Stanford University (Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, Vincent McPhillip), Pi Network officially started!
With the banner of 'Universal Encryption,' it disrupts the traditional mining model:
- 📱 Device revolution: Replacing mining machines with smartphones, all 5 billion smartphone users worldwide can participate
- ⚡ Zero energy consumption design: Daily energy consumption ≈ 30 seconds of mobile screen on (0.0003 kilowatt-hour)
Users only need to click the lightning button daily to earn 0.10-0.39 Pi per hour (decreasing with participation time), directly addressing the pain points of Bitcoin mining.
A 30-second lightning click each day may seem like a simple action, but it is actually a meticulously designed, cruel human filter in blockchain history. Data shows that the miner community presents an astonishing 'quarterly decay curve': a retention rate of 92% in the first month, plummeting to 47% by the third month, with less than 8% remaining after a year. Those who shout 'wasting time' among the quitters fail to realize that the Pi design team is using this 'digital ascetic' mechanism to filter out true believers who understand the value of long-termism.
After six years of time washing away, those who insist on lighting up the lightning every day have become outliers. They listen to the ridicule of 'mobile phone mining is a joke,' watching 90% of initial miners disappear from their friend lists, mechanically repeating actions in the app day after day. Those who left midway will not know that the project team has taken six years to complete the leap from testnet to closed mainnet and then to mainnet; a distributed network of 35 million miners from over 200 countries is turning every click into a real-world value anchor point.