Conventional cryptocurrency mining is problematic due to high energy consumption and environmental impact. However, Pi Network proposes an environmentally friendly method using smartphone mining. This article explains Pi Network’s initiatives to reduce environmental impact and the blockchain industry’s overall stance on environmental issues.

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1. Pi Network’s Environmentally Friendly Mining Method

Pi Network offers cryptocurrency mining using smartphones. This method significantly reduces energy consumption compared to traditional mining using dedicated hardware or high-performance graphics cards. Therefore, it is attracting attention as an environmentally friendly mining method.

2. Comparison with General Cryptocurrency Mining

General cryptocurrency mining is known for consuming vast amounts of electricity. Bitcoin mining, in particular, is criticized for its low energy efficiency and requiring so much energy that power supply from power plants worldwide cannot keep up. For this reason, the cryptocurrency industry is seeking eco-friendly mining methods.

3. Pi Network’s Initiatives to Reduce Environmental Impact

Pi Network is reducing its environmental impact through the following initiatives:

• Smartphone-based mining: Smartphones operate on significantly lower energy than traditional dedicated mining equipment. This helps minimize environmental impact.
• Blockchain efficiency: Pi Network is based on Stellar blockchain technology, which improves transaction efficiency and reduces energy consumption.

4. The Blockchain Industry’s Overall Approach to Environmental Issues

By proposing an eco-friendly mining method, Pi Network contributes to the blockchain industry’s overall efforts regarding environmental issues. There are many other projects developing energy-efficient protocols and environmentally conscious technologies. It is expected that the widespread adoption of these projects will reduce the environmental impact of the entire blockchain industry.

Summary

Pi Network’s smartphone-based mining method offers higher energy efficiency and is more environmentally friendly compared to conventional cryptocurrency mining. It also reduces energy consumption by adopting efficient blockchain technology. It is expected that an increase in projects like Pi Network will further advance the blockchain industry’s efforts towards environmental issues, paving the way for a sustainable future.