#pi 🚨🚨🚨Pi Network Adjusts Mining Rate to All-Time Low, Issues Lock-Up Reminder to Users

Pi Network Slashes Mining Rate by 8%

On August 1, the mining rate of the Pi Network was reduced by 8%, from 0.0030165 π/h to 0.0027746 π/h. This figure represents the lowest rate ever recorded since the network started mining. It shows a continued effort to reduce token emissions while supply increases. Woody Lightyear, a Pi community lead, pointed out this reduction in a recent X post.

Furthermore, the Pi Core Team reminded users of the Lock-Up option designed to strengthen network stability and incentivize long-term participation. Users can voluntarily lock up Pi either before or after migrating to the mainnet.

For those who haven’t migrated yet, pre-migration lockups can be configured in the app under the “Mainnet” tab. Post-migration lockups, set within the Pi Wallet, apply directly to already transferred Pi. In addition to protecting the ecosystem, these lockups give users rewards by raising their mining rate.

Both types follow the exact reward calculation mechanism, as detailed in the 2021 whitepaper. Once committed, lockups cannot be reversed. They reflect the project’s core philosophy of encouraging pioneers to think long-term rather than focusing on short-term price movements.

In a separate message, the Pi Core Team advised users to enable two-factor authentication, the third item on the Mainnet checklist, to ensure a seamless migration. There are rumours that a significant announcement or a new stage is imminent following this reminder.

Pi Network’s Minor Changes Leave Community Wanting More

In a recent post on X, Woody Lightyear criticized the direction of Pi Network’s recent app updates, suggesting they appear to be filler content rather than meaningful progress. According to him, the updates appear to be an attempt by the Pi Core Team to maintain user engagement while keeping significant developments hidden from the public.