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Innovative Pi Network Use Cases in Vietnam: New Possibilities for the Digital Economy

Did you know that the Pi Network is deeply rooted in daily life in Vietnam, a country with a population of over 100 million? In this country where cashless payment has become common, a unique economic zone utilizing Pi Coin is being formed.

Current Status of Pi Network in Vietnam

In Vietnam, along with the spread of QR code payments, the use of cryptocurrencies, especially Pi Coin, is rapidly expanding. The local Pi Network community is attracting attention for its particularly active transactions and innovative usage methods globally.

Practical Use Cases

Use in Commercial Transactions

Pi Coin is being adopted as a payment method in various industries such as restaurants, hotels, dental clinics, and tourism services. The Map of Pi app displays a diverse range of businesses that accept Pi Coin, allowing you to feel its widespread adoption.

PiFest Held to Accelerate Mainnet Launch!

Node Farming Business

With an initial investment of about $1,000 and monthly maintenance costs of $30-40, a service for operating Pi nodes on behalf of others by experts is being developed. There are also reported cases of node operators earning hundreds of thousands of dollars per month.

Challenges and Risk Management

While successful, the following challenges also exist:

  • Scams through fake websites and unfairly cheap products
  • Unauthorized access targeting passphrases
  • Ambiguity of legal regulations

Future Outlook and Possibilities

The case of Vietnam serves as an important model demonstrating the potential of the Pi Network. The following factors have been key to its success:

Community-Driven Development

By establishing direct transactions and value exchange within the community without relying on exchanges, a sustainable economic zone is being formed [1].

Flexible Adaptability

Without being bound by market fluctuations or constraints, creative solutions are found, achieving continuous development.

Summary

The examples of Pi Network usage in Vietnam demonstrate the practical implementation of digital currency and the potential for community-driven innovation. This success model is considered to provide important insights for the deployment of the Pi Network in other regions as well.

Expanding Pi Coin Payment Network in South Korea and Ethereum’s Bold Price Prediction

Innovative Developments of Pi Coin in South Korea

A digital currency revolution is quietly progressing in South Korea. A recently released interactive map has visualized the network of Pi Coin-accepting stores nationwide, making its spread clear. This movement is a groundbreaking step in the practical use of digital currency.

Actual Usage of Pi Coin in Physical Stores

Across South Korea, centered around Seoul, payment with Pi Coin is possible at the following stores:

  • Cafes
  • Restaurants
  • Retail Stores

Ethereum Price Prediction Analysis

According to the analysis by Trader Tardigrade, Ethereum is at a crucial turning point. The following notable predictions have been presented:

Basis for Price Increase

Based on Ethereum’s price movements since June 2022, the following patterns have been observed:

  • 1st Breakout: 70% price increase
  • 2nd Breakout: 140% price increase
  • Next Prediction: Potential 280% price increase

Latest Market Trends

The following fluctuations have been confirmed in the recent market:

  • 4.1% decrease in the past week
  • 2.2% decrease in the last 24 hours

Possibility of Reaching $10,000

Due to the formation of a symmetrical triangle pattern, it is pointed out that Ethereum has the possibility of reaching $10,000. This price level would be a new historical high for Ethereum and could significantly impact the entire cryptocurrency market.

Future Outlook

The success of Pi Coin adoption in South Korea is expected to have ripple effects on other countries. At the same time, Ethereum’s price movements could become an important indicator showing the growth of the overall cryptocurrency market.

PiFest Kicks Off, Accelerating Mainnet Launch!

The Pi Network Core Team has announced the holding of a groundbreaking event, “PiFest 2024”, towards the open mainnet. We will provide details about this event, which aims to revitalize local commerce and improve the usability of Pi coin.

What is PiFest 2024?

PiFest is a community-driven event that promotes Pi coin payments at physical stores. Building on the success of December 2023, this time it will be held as a more evolved festival utilizing “Map of Pi”, the winning entry of the PCommerce Hackathon.

About Map of Pi

Map of Pi is an open-source application created through the collaboration of developers worldwide. It won the hackathon in March 2024, and its functionality has been continuously improved and expanded under the guidance of the Core Team.

Participation Details

Guide for Store Owners

1. Registration Steps:
• Access https://mapofpi.com/
• Click the registration button on the bottom left
• Enter required information (store name, industry, address, images, etc.)
• Select whether you are an active seller or experimental seller
• Save registration information

2. QR Code Preparation:
• Access wallet.pinet.com from the Pi Browser
• Select “Pay/Request”
• Display and print the QR code

Guide for Purchasers (Pioneers)

1. Store Search:
• Search for participating stores nearby on Map of Pi (https://mapofpi.com/)
• Visit the physical store
• Execute payment using the QR code

2. Community Participation:
• Post your purchase experience on Fireside Forum
• Share on social media using the #PiFest tag
• Participate in a special challenge by visiting 3 or more stores

Event Highlights

Key Features:

• First global event utilizing a community-developed app
• Secure transactions realized on the blockchain
• Fusion of Web3 and local commerce
• Real-time community support (English)

Notes and Support

• Transactions can only be executed at physical stores
• Map of Pi is a tool for searching for stores
• Support will be provided in the Pi namespace during the event period
• Be aware of system constraints and user experience challenges

Important Schedule
Store Registration Starts: October 24, 2024 (Thursday)
Event Period: October 29, 2024 (Tuesday) – November 5, 2024 (Tuesday)

Future Outlook

PiFest 2024 is an important step towards the mainnet launch scheduled for December. It is expected to improve the usability and value of the Pi network by promoting usage at physical stores.

Complete Guide to Pi Network: How it Works and How to Earn Coins, Explained for Beginners

What is Pi Network: A Beginner’s Guide

Pi Network is attracting attention as an innovative cryptocurrency project. This network is steadily evolving towards the launch of its open mainnet, offering new opportunities to participants (Pioneers).

Pi Network’s Current Status and Future Potential

Pi Network continues to grow with its unique strategy. The core team carefully manages coin circulation to maintain the health of the ecosystem. This creates an environment that is easy for new participants to join.

Pi Coin Distribution Status

Currently, about 78% of Pioneers hold less than 10 Pi coins. This indicates a large number of new participants. On the other hand, some long-term participants hold thousands of coins but are waiting for KYC (identity verification) completion.

How to Increase Your Pi Coins

There are several ways to increase your Pi coins. Here are the main strategies.

Utilizing Online Businesses

One of the easiest ways is to start a small online business that accepts Pi coins. You can earn Pi coins by selling unwanted items or providing services.

Operating a Pi Node

If you have technical knowledge and funds, you can consider operating a Pi Node. The initial investment is about $2,000, and monthly maintenance costs are also required, but you have the potential to earn a certain amount of Pi daily.

Accepting Payments in Pi Coin

If you have an existing business, accepting payments in Pi coin allows you to earn Pi coins while contributing to the ecosystem’s growth.

Pi Network’s Long-Term Vision

Pi Network aims for long-term value creation rather than short-term profits.

Building a Sustainable Ecosystem

Pi Network does not rely on coin sales and secures operating funds through its own advertising platform. This allows for sustainable growth while protecting the value of the coin.

Future Outlook for Pi Network

Pi Network is positioned as a long-term project with the potential to be passed down to future generations. It is important for participants to build value alongside the ecosystem’s growth, rather than focusing on short-term gains.

Pi Network FAQ: KYC Procedures, Node Bonuses, Security Measures, and More

Introduction

We have created a collection of frequently asked questions and answers often seen in the Japanese Pi community. We hope this helps you when you are unsure about your Pi mining operations.

Questions about the KYC Process

Please refer to this for how to do KYC.
https://pinetwork.masters-all.com/pinetwork-kyc

Q1: My KYC application has not been approved for nearly a year, and I’m having trouble. Can I reapply?
A1: The Pi Network KYC review process may take time due to the large number of users and multinational support. If you wish to reapply, please contact the official chat or support team. You may be asked to reconfirm or resubmit your documents if necessary. Pi Network is also working to improve the KYC process, and efficiency is expected to increase in the future.

Q2: My bonus became zero after applying for KYC. What should I do?
A2: After applying for KYC, your node bonus may temporarily decrease until your account is verified. Please try the following measures:

  • Restart the Node app and Docker
  • Update the software to the latest version
  • Check the router’s port forwarding settings

If these steps do not resolve the issue, we recommend reporting the details in the official chat and seeking additional support.

Q3: If my KYC application is not approved for a long time, what else can I do besides reapplying?
A3: If your KYC application has not been approved for over a year, please consider the following measures:

  • Review your application: Reconfirm that the submitted documents are not incomplete and that there are no errors in the information.
  • Utilize community forums: If other users have experienced similar issues, solutions may be shared.
  • Check social media: Check Pi Network’s official Twitter and blog for the latest updates regarding KYC.
  • Use a passport: Some users have reported that using a passport when reapplying expedited the review process.

Pi Network is working to improve the KYC process, and efficiency is expected to increase in the future.

Q4: What is the Tentative KYC Program?
A4: The Tentative KYC Program is an additional identity verification step introduced by Pi Network in addition to the regular KYC process. The main purposes of this program are as follows:

  • Additional checks: Detailed confirmation of submitted information to further strengthen identity verification.
  • Account quality improvement: Strengthen the exclusion of fraudulent accounts and bots, making it easier for real users to pass KYC.
  • Network integrity assurance: Improve the quality of active Pi owners and enhance the overall ecosystem’s reliability.

The Tentative KYC Program is applied to accounts with more complex attributes and maintains network quality through careful review.

Questions about Node Bonuses

Please refer to this for how to operate a node on Pi Network (explaining initial setup, etc.).
https://pinetwork.masters-all.com/pinetwork

Q1: My node bonus suddenly decreased. What is the cause?
A1: The decrease in node bonuses is mainly thought to be due to the following factors:

  • Stricter KYC verification: Decrease in active users due to the exclusion of fraudulent accounts and bots.
  • Network security enhancement: Prevention of external attacks and unauthorized access.
  • Increase in user count: Distribution of bonuses due to the joining of new users.

These factors combined cause fluctuations in bonuses.

Q2: If my node bonus becomes zero, is there a way to get the bonus again?
A2: If your node bonus becomes zero, please try the following measures:

  • Restart the app and Docker: Resetting the software may resume the bonus.
  • Update the software: Updating to the latest version may resolve issues.
  • Check security settings: Reconfirm port forwarding and firewall settings.

Q3: What else can cause a sudden decrease in node bonuses?
A3: A sudden decrease in node bonuses can be caused by the following factors:

  • Network attacks: Increased external attacks or unauthorized access may temporarily decrease bonuses.
  • Software glitches: Bugs in the Pi app or Docker may cause the node to not function correctly.
  • Sudden increase in user count: A sudden surge in new users distributes the bonus, reducing the bonus amount per person.
  • Stricter KYC: Fluctuations in the number of active users due to the decrease in fraudulent accounts are having an impact.

Q4: If my node bonus decreases again, what should I do?
A4: If your node bonus decreases again, please try the following measures:

  • Update software to the latest version: Update the Pi app and Docker to the latest version.
  • Restart the node: Restart your computer or smartphone and restart the node app.
  • Check network settings: Reconfirm the router’s port forwarding settings and firewall settings.

Questions about Pi Network Mainnet Migration

Pi Network Announces Grace Period for KYC and Mainnet Migration! Must be completed by the end of 2024https://pinetwork.masters-all.com/pi-network-kyc-mainnet-migration-grace-period/

Q1: When will the Pi Network Open Mainnet launch?
A1: The launch date for the Pi Network Open Mainnet has not been officially announced. It is scheduled to launch after the progress of the KYC process and network stability are confirmed. As a guideline, it is expected around June 28, 2023, or March 14, 2024, but the definitive date is undecided.

Q2: What is the Pibridge project?
A2: Pibridge is a DEX and CEX model project that connects Pi Network’s Pi coin to other blockchains (e.g., Binance Smart Chain) and provides liquidity. This allows users to exchange Pi coins for other cryptocurrencies and utilize DeFi features such as staking and farming. It is an important project aimed at increasing the value of Pi coin within the Pi Network.

Q3: What are the benefits after migrating to the Pi Network Open Mainnet?
A3: After migrating to the Open Mainnet, the following benefits are expected:

  • Transaction transparency and security: Pi coin transactions will be conducted on the blockchain, making fraud and tampering difficult.
  • Extensive ecosystem: Connecting with other blockchains through Pibridge will enable access to various services such as DeFi services and NFT marketplaces.
  • Improved user experience: Features of Pi Browser and Pi app will be enhanced, allowing for smoother transactions and mining.
  • Value stabilization: Limiting the supply of locked-up Pi coins may stabilize the value of Pi coin.

Through this, Pi Network aims to build a sustainable ecosystem and become a valuable cryptocurrency for users.

Questions about Technical Issues

Q1: My Pi Browser or Node app is stuck in an infinite loop. What should I do?
A1: If your Pi Browser or Node app is stuck in an infinite loop, please try the following measures:

  • Reinstall the software: Delete the app or Docker container once and reinstall the latest version.
  • Restart the system: Restart your computer or smartphone to clear cache and temporary files.
  • Check settings: Confirm that Docker settings and port forwarding are done correctly.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.
  • Update to the latest version: If the issue is caused by a bug in a specific version, updating to the latest version is effective.

Q2: If my Pi Browser or Node app becomes slow, how should I deal with it?
A2: If your Pi Browser or Node app becomes slow, please try the following measures:

  • Check system resources: Check if other applications are consuming a lot of resources and close unnecessary apps.
  • Clear cache: Clear the Pi Browser cache and restart the app.
  • Hardware upgrade: Consider using higher-performance hardware for smoother mining.
  • Check network connection: Check if your internet connection is stable and restart the router if necessary.

Q3: If my Pi Browser or Node app is stuck in an infinite loop, what should I do?
A3: If your Pi Browser or Node app is stuck in an infinite loop, please try the following measures:

  • Reinstall the software: Delete the app or Docker container once and reinstall the latest version.
  • Restart the system: Restart your computer or smartphone to clear cache and temporary files.
  • Check settings: Confirm that Docker settings and port forwarding are done correctly.
  • Check official sources: If the issue is not resolved, check the official chat.
  • Update to the latest version: If the issue is caused by a bug in a specific version, updating to the latest version is effective.

Q4: If Pi Browser is under maintenance and cannot be used, what should I do?
A4: If Pi Browser is under maintenance and cannot be used, please try the following measures:

  • Check official announcements: Check the progress of maintenance on Pi Network’s official chat or Twitter.
  • Restart the app: Restart Pi Browser or Pi app to reset the system.
  • Use a VPN: In some cases, accessing using a VPN may resolve the issue.
  • Wait: You just have to wait until the maintenance is completed. Maintenance is usually completed within 24 hours.

Also, issues related to KYC and node bonuses are expected to be resolved after maintenance.

Q5: Is there a way to fix the Pi Browser auto-reload issue?
A5: If Pi Browser’s auto-reload is causing issues, please try the following measures:

  • Update to the latest version: Install the latest version of Pi Browser from the app store.
  • Clear cache: Clear the browser cache and restart.
  • Check security settings: Properly set access permissions for camera and microphone.

Some users have reported that using a passport when reapplying expedited the review process.

Q6: If the Pi App’s storage capacity increases abnormally, what should I do?
A6: If the Pi App’s storage capacity increases abnormally, please try the following measures:

  • Clear cache: Clear the app’s cache and delete temporary files.
  • Optimize data: Delete unnecessary or old data and optimize storage.
  • Reinstall the app: Delete the Pi App once and reinstall the latest version.
    (Be careful not to forget your password and other settings.)

The increase in Pi App data capacity may be due to node data synchronization and log file accumulation. Regular maintenance can optimize capacity.

Questions about Exchanges and Fake Pi Coins

Q1: Fake Pi coins are being traded on exchanges. How can I distinguish them from genuine ones?
A1: If fake Pi coins are being traded, you can distinguish them from genuine ones using the following points:

  • Check official list: Only trade on exchanges certified by the Pi Network official website or reliable sources.
  • Be cautious of IOU trading: Since Pi coin is not officially listed on exchanges at this time, caution is required for IOU-based trading.
  • Exchange reliability: Only use reliable exchanges such as Binance and Coinbase, and check official announcements.
  • Unnatural price fluctuations: Fake coins often experience rapid price fluctuations, so be suspicious if there is no stability.

The organizers of Pi Network have warned against fake coins and fraudulent transactions and recommend trading only through official channels.

Q2: Regarding Pi coin trading on exchanges, what is the difference between IOU trading and actual Pi coin?
A2: There are the following differences between IOU trading and actual Pi coin:

  • IOU trading: This is like a certificate issued by an exchange for Pi coin and is different from actual Pi coin. IOUs are limited to trading within the exchange and operate outside the Pi Network blockchain.
  • Actual Pi coin: When the Pi Network Open Mainnet launches, actual Pi coin will become tradable on the blockchain. This means that ownership of Pi coin will be actually recorded on the blockchain, ensuring security and transparency.

IOU trading is a temporary form of trading before Pi coin is officially listed on exchanges, and caution is required due to large price fluctuations between exchanges. It is recommended not to rely on IOU trading until the official Pi coin becomes available on the blockchain.

Questions about Pi Network Security Settings

Q1: Port forwarding on the router is required when operating a Pi-Node. How should I set it up?
A1: To operate a Pi-Node, you need to open specific ports. Please refer to the following steps:

  1. Log in to the router: Access the router’s administration screen (usually by entering the router’s IP address in the browser’s address bar).
  2. Set up port forwarding: Specify the ports used by Pi Network (e.g., 31400-31409) and set up forwarding to the IP address of the device where the Node app is installed.
  3. Check UPnP: On some routers, enabling UPnP (Universal Plug and Play) may automatically open ports.
  4. Adjust firewall settings: Allow Pi-Node communication in the firewall settings of your computer or server.
  5. Check security logs: Regularly check the router’s security logs and monitor for unauthorized access attempts.

Specific setup methods vary depending on the router model, so please refer to the manufacturer’s official guide or support page.

Q2: What other settings are needed to enhance Pi-Node security?
A2: To enhance Pi-Node security, the following additional settings are recommended:

  • Strengthen firewall settings: In addition to allowing the ports used by Pi-Node (e.g., 31400-31409), close unnecessary ports to improve security.
  • Use a VPN: If using a public network, use a VPN to encrypt communication and ensure node security. (Using public networks is not recommended in the first place)
  • Regular security updates: Regularly update the software for your router and node application and apply the latest security patches.
  • Set strong passwords: Set strong passwords for your router and node management account and change them regularly.
  • Monitor for unauthorized access: Regularly check the router’s security logs and monitor for suspicious access.

These measures can significantly improve Pi-Node security.

Questions about Pi Network Community Activities

Q1: My friends are not reflected in the referral team even after inviting them. What should I do?
A1: If your friends are not reflected in the referral team even after inviting them, please check the following points:

  • Accurate invitation code entry: Check if your friend has entered the invitation code correctly.
  • Start mining after invitation: Check if your friend has started mining after being invited.
  • System synchronization: Wait for the system to reflect the data after some time.

Q2: If I checked KYC using Pi Browser but it keeps showing “Under Review”, what should I do?
A2: If it keeps showing “Under Review” when you check KYC using Pi Browser, please try the following measures:

  • Check camera access permission: Check if Pi Browser has permission to access the camera, which is required for KYC.
  • Restart the app: Restart Pi Browser or Pi app to reset the system.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.
  • Update the app: Update Pi Browser or Pi app to the latest version.

Some users have reported that using a passport when reapplying expedited the review process.

Q3: If the Pi App’s storage capacity increases abnormally, what should I do?
A3: If the Pi App’s storage capacity increases abnormally, please try the following measures:

  • Clear cache: Clear the app’s cache and delete temporary files.
  • Optimize data: Delete unnecessary or old data and optimize storage.
  • Reinstall the app: Delete the Pi App once and reinstall the latest version.
  • Contact official support: If the issue is not resolved, report the details in the official chat and receive support.

The increase in Pi App data capacity may be due to node data synchronization and log file accumulation. Regular maintenance can optimize capacity.

Q4: If my friends are not reflected in the referral team even after inviting them, what other causes are possible?
A4: If your friends are not reflected in the referral team even after inviting them, the following causes are possible:

  • Incorrect invitation code entry: Your friend may not have entered the invitation code correctly. Please reconfirm.
  • Starting mining: If your friend has not started mining correctly, they may not be reflected in the referral team.
  • System synchronization delay: It may take time for the system to reflect the data. Please wait for a while.
  • Glitches or bugs: Glitches or bugs on the application side may prevent them from being reflected in the referral team.

If the issue is not resolved, we recommend contacting official support and reporting the details.

Supplementary Information

The Pi Network operating team is continuously working to improve user experience and strengthen security. We recommend regularly checking the official website and official social media channels for the latest information and updates. Additionally, utilizing community forums and official support channels can facilitate quick problem resolution and sharing of the latest information.

The Value of Pi Network: The Role of Pi Coin in a Decentralized Economy

Introduction

Pi Network is a project aiming for a P2P decentralized economy utilizing a new digital currency called Pi Coin. This article explains how the value of Pi Coin is formed and what role it will play in the future.

Is the Coin’s Value Real?

Some people criticize the value of Pi Network’s currency as “fictitious.” However, as the scale of Pi Network expands and the decentralized economy matures, its currency value will become more clearly apparent. It is important to understand how the current economic scale affects the value of Pi Coin.

At this point, the coin’s value may seem small, but it is still just the beginning.

Decentralized Economy and the Coin’s Role

In a decentralized economy, production and services play a very important role. Currently, about 35-40% of the global economy is due to production activities, while the remaining 60-65% is occupied by commerce and service industries.

In the future, as AI (Artificial Intelligence) and Blockchain Technology become widespread, the roles of production and commerce in a decentralized economy will significantly change. Pi Network is expected to demonstrate its potential, particularly in the areas of commerce and services.

Potential Value Expansion of Pi Coin

As Pi Network grows and a P2P economy where all internet users participate is realized, the activities of each user will gain value. This is a phenomenon already seen on existing platforms like Facebook, but Pi Network aims to evolve this further, creating an economy where all activities are valued by Pi Coin.

In the future, the value of Pi Coin in the decentralized economy could dramatically increase.

Conclusion: The Future of Pi Network

Pi Network is still in its early stages, but its potential is very large. Considering the current economic situation and technological advancements, there is no doubt that Pi Network will play an important role in the future economy.

Going forward, let’s continue to pay attention to how Pi Coin will grow and become the currency supporting the decentralized economy.

 

A Thorough Analysis of Pi Coin’s Future Value and the Importance of its Ecosystem

Pi Coin is a cryptocurrency that has recently attracted attention, and there is much discussion about its future value. This time, we will explain in detail the value prediction of Pi Coin and the impact of the ecosystem on its price.

Discussion on the Future Value of Pi Coin

Optimistic Predictions and Realistic Outlook

Some predict that Pi Coin‘s price will reach 310,000 dollars in the future, but this comes with many risks and uncertainties. The total supply of Pi Coin is 100 billion, of which 20% is held by the core team.

Token Supply and Market Impact

The remaining 80% is planned to be distributed to global users. In this model, the limited circulation of Pi Coin may lead to an increase in its value. However, in the short term, a lower price than market expectations is predicted.

The Pi Network Ecosystem

Ecosystem Growth and Value Creation

As the Pi Network ecosystem expands, Pi Coin‘s value is also expected to gradually increase. The expansion of the ecosystem depends on user base growth and the development of new applications.

Comparison with Other Cryptocurrencies

Pi Coin has different characteristics from Bitcoin and Ethereum, and it is considered unlikely to reach the same price as these. The Pi Network has its own growth strategy, and the development of the ecosystem is essential for its success.

Risks and Precautions

Investment Strategy and Risk Management

When investing in Pi Coin, it is important to focus on long-term value creation rather than pursuing short-term profits. Attention should also be paid to the challenges associated with global expansion.

Challenges and Countermeasures for Global Expansion

The Pi Network is advancing its global expansion through technological progress. However, differences in regulations and systems in each country pose challenges. To address these challenges, strengthening the ecosystem and technological innovation are necessary.

Conclusion: Towards Long-Term Success

The future value of Pi Coin depends on the growth of the ecosystem and technological innovation. It is necessary to discern value from a long-term perspective without being swayed by short-term price fluctuations. It is important to continue monitoring the growth of the Pi Network and make wise investment decisions.

Introducing Pi Network: The Smartphone Crypto Mining App with 60 Million Users Worldwide

Introducing an app that allows you to mine the virtual currency Pi Network (Pi Network) on your smartphone.

Introduction
When you hear about cryptocurrency mining, you might imagine needing a high-spec computer running all day just to make a profit. However, this mining introduces a virtual currency that can be mined solely on a smartphone. Even though you’re mining on your smartphone, it doesn’t consume battery; you can mine simply by launching the app once a day and tapping the mining button. To put it simply, it’s like a login bonus in a game. I learned about the Pi Network app around January 2021 and have been repeating the mining operation almost every day, and I’m close to accumulating 10,000 coins.

Since you only have one chance to mine per day, the sooner you start mining, the more coins you can get. So, starting early is the key to accumulating more.


Simple Mining Process (Detailed version described next)

1. Install the app on your smartphone and complete the initial registration.
  https://minepi.com/

Please enter the invitation code FOX0326, which is required for initial registration.
(Note)
Identity verification is required, so please be sure to enter your real name when registering for the app.
If the name you registered differs from your identification document during the identity verification process, you will not be able to complete the registration, and all the coins you have accumulated so far will be wasted.


2. Receive mining rewards once every 24 hours.
  (Launch the app and tap the button to receive rewards)

That’s all there is to it.

Once you have registered, it’s just a repetition of the operation to receive mining rewards every day. This is similar to the feeling of receiving login rewards in a social game.

What is Pi Network?


It is a virtual currency created in 2019, making it a relatively new cryptocurrency. This virtual currency was created with the idea of allowing many people to obtain virtual currency using only a smartphone, without needing a high-performance PC. It enables mining with just a smartphone and has a system where you can earn rewards with just one tap per day. Currently, 60 million users worldwide are participating in mining and earning rewards.

In the future, there is a plan to exchange Pi coins obtained through mining for goods. It is expected that the coin will be listed, and you will be able to sell the coins you have mined so far, but it is impossible to predict how the price of the coin, which has been mined by many people around the world, will be determined. Some countries predict the value of the coin to be around 100 to 1000 dollars, while others calmly predict that it will not even reach 1 dollar per coin. If coins are to be exchanged for goods, the value of the coin must be fixed, otherwise it will be inconvenient to use, so there is also a movement to decide on a consensus price before using the coin. The Pi Network had 12 million users three years ago, which has increased to 60 million, so the more users there are, the higher the expectation and attention towards the coin.
(The latest number of active users, 60 million, was released on June 28, 2024)

What is the value of Pi Coin?

Currently, Pi Network coins are not officially listed and have no value (0 yen).
However, at the end of 2022, a famous exchange with one of the world’s highest trading volumes suddenly listed it unofficially in the form of IOU (futures trading). At that time, the first price it reached was close to 40,000 yen per coin. The unofficial IOU listing surprised users and caused a bit of a stir.

Trading is still possible, but the price is currently hovering around 7,000 yen per coin.
It is unknown what the price will be when it is actually listed, but the fact that it has such a price in futures trading suggests there is a lot of expectation.

Assuming you could buy and sell at an IOU price of 7,000 yen per coin, based on the current mining rate,
you could mine 0.29 coins per day = 2100 yen.

Although it is an unofficial listing, it serves as encouragement for daily mining, and calculating the number of coins you hold and their value makes things more enjoyable.

How to Start Pi Coin Mining You can start mining in 5 minutes.

① Download the app

You can download the app from the official website.
https://minepi.com/

Clicking the link above will display the app download screen.

Download the app that matches the device you are using (iOS/Android).


(Please be sure to download from the URL above.)

② Initial Registration

After downloading and launching the app, enter your phone number.
The image below asks you to set either your phone number or Facebook.
You can choose either, but entering your phone number below is recommended.
(Phone number verification is required because one person cannot create multiple accounts.)



Since it’s a Japanese phone number, select Japan (+81).
Enter your phone number without the leading 0 and tap Go.
(Example: If your number is 090-1234-5678, enter 9012345678)


③ Account Settings

Enter your first and last name. Please be sure to enter your real name. If you register without your real name, it will not match your identification document during identity verification, and you will not be able to obtain the mined currency.
You can enter any name you like for your username.

④ About Your Referrer

You cannot complete the initial registration without an invitation code.
If you like, please enter my code FOX0326 to register.
By entering the invitation code, you can receive 1 coin.

⑤ Password Setting

Set the app password.
Please create a password that meets the conditions displayed on the screen.



This completes the account issuance.
Good job!

About Mining Operations

Simply launch the app every 24 hours and tap the mining button. If you forget to tap, a mining gap will occur, and you will not receive the coins you would have earned during that gap.
(This operation is so monotonous that you might forget you have the app installed. Setting a daily timer might help prevent forgetting.)

Benefits of Mining Now
It is advantageous to start mining early. The Pi Network system employs a method that decreases the number of coins obtainable each month. Since the amount mined decreases at the beginning of each month, users who start early have an advantage in obtaining more coins.

Mining speed per hour
Currently → 0.02 coins per hour
Mining for one day at the current speed… 0.48 coins
Mining for one month (30 days)… 14.4 coins
This is the amount.

Therefore, now is the chance to efficiently obtain virtual currency. The start of the mainnet will see a decrease as the phase progresses, so it is advantageous for those who want to receive efficiently to start early.

How to View the App’s Home Screen



① → Open the app settings screen
You can view your profile and information about the app.
You don’t use it often, only when necessary.

② → Current number of accumulated coins
The total number of coins you have accumulated so far is displayed.

③ → Place for users to chat
This is a place where Japanese people can talk about Pi and ask questions.
If you have any problems, it’s a good place to ask.
Be careful as you will be banned from posting if you don’t use it with good manners.

④ → Screen for setting up the Security Circle
This is the screen for adding trusted invitees and setting up the Security Circle.
Details about the Security Circle are described later in the article.

⑤ → Number of invitees Current number of miners / number of invitees
The number of people you have invited is displayed.
Having a large number here is advantageous for mining.

⑥ → Mining amount per hour
The amount you can mine per hour is displayed, calculated from your original mining capacity and the mining bonus from invitees. If the invitees in ⑤ neglect mining, your mining amount will decrease.

About Initial Setup


After issuing an account with the app, there are several initial registrations that require operation.
Initial registration is required after completing the app account creation.
From the menu opened by tapping the three lines in the upper left corner of the home screen, tap Profile.
The necessary screen for settings will appear.


・Phone number verification
→ Perform phone number verification to link your phone number and account.
Enter your phone number and perform SMS verification.
There is a screen to select a country, but Japan is not listed.
Select an appropriate country and proceed with the operation.
It may not register on the first try, so try again after some time.
(Receiving SMS may incur charges, so do not try repeatedly if registration fails.)

・Profile settings
→ Register your name. Identity verification will be performed, so please be sure to register using your real name.
After registering, hide your real name using the hide button. If you don’t hide it, your name will be revealed to your invitees.

・Facebook verification
→ Verification is optional. It is a good idea to link it to your account in case of emergencies.


・Wallet creation
→ Create a wallet to store Pi Network coins.
Be sure to write down the password displayed when creating the wallet.
Losing it is equivalent to losing your coins.


Once the initial registration is complete, all you have to do is continue mining daily.
It’s a monotonous task, but the day may come when you are grateful for repeating this monotonous task when it gains significant value in the future.

What is the current value of the virtual currency?

Currently, this virtual currency is not listed, so its value is 0 yen.
You can only mine; you cannot exchange it for other currencies or send virtual currency.
According to the white paper on the official website, it is currently in Phase 3,
which is a testing phase. There are three phases, and identity verification will be performed when Phase 3 is reached,
allowing you to send and trade for the first time. Why not try getting this virtual currency for free, believing that you will receive it in the future? If you register with the code mentioned above, you will definitely receive 1 coin.

About Identity Verification
Currently, identity verification is being carried out sequentially using a completely random method.
The process is such that identity verification is possible in the order that notifications are received from the Pi Network app.
Identity verification seems to be done using My Number Card, driver’s license, or passport.

About the State of Phase 3
Currently, it is in Phase 3. What can be done with just a smartphone is limited to the 24-hour mining operation or earning bonuses using the Pi Browser app.

How to Increase Mining Amount

Even if you mine diligently by yourself, the maximum number of coins you can increase in a month is limited.
Here are some ways to increase your mining amount besides mining alone.

① Increase Pi Network Referrals

If people join using your invitation code to mine, you can set up a Security Circle and increase your mining speed as a reward.

Security Circle 5 people x 20%
Set up a Security Circle with the users you invited. (Please set up with trusted individuals.)
You can set it up from the shield-like icon, the second one from the top on the home screen.

Referral bonus Participants x 0.25
When the people you invite start mining, you will receive a bonus. If the person you invited does not continue mining every 24 hours, you will not receive the bonus. It becomes meaningless if you invite someone but they don’t continue. For inactive users, you can send them a notification to encourage them to mine. (Conversely, if you are neglecting mining, you will also receive a notification.)

② Earn Utility Bonus Around 0.35 Pi Depending on Contribution

Users who contribute to the Pi Network can earn a utility bonus. You can get some Pi coins by participating in the official app’s chat, participating in Pi games, etc. To earn bonuses, please download and use the separate app “PiBROWSER” provided by Pi Network.

③ Earn Node Bonus Around 6.4 Pi per day (Increases gradually with continuation)

Install the Pi app on your PC and operate a Pi Node that monitors Pi transactions. You can earn Pi coins as an operating reward. Operating it simply means keeping the PC running with the app launched for 24 hours. Setting it up has a high hurdle and is difficult without a certain level of network knowledge.
Even when operating a node, the 24-hour mining operation is still required.

What is needed for node operation
An environment with a stable internet connection 24 hours a day
1 PC A PC equipped with a high-performance CPU seems to yield higher rewards. It seems you can get around 8 Pi.
Electricity cost (depends on PC performance)

→ Details about node operation are here. Please refer to this.
How to Operate a PiNode (Explanation of Initial Setup, etc.)


Regarding other content, I will update the article little by little, so please look forward to it.