There is a cryptocurrency that you can mine for free. This is named Pi.
The mining reward is made up of the number of people mining and the total pi still available. In the beginning there was a higher reward than now.
How does it work in practice? You press the mining button and from then on the cryptocurrency is mined for 24 hours.
What is special about this cryptocurrency?
The Pi currency can be mined by anyone with a smartphone.
The currency has a real benefit for mobile use.
This cryptocurrency requires no power from your phone and you can even close the app while mining.
https://minepi.com/white-paper
There is a real blockchain, a wallet, a passphrase and so on. Like other cryptocurrencies where you can view data.
If you don’t know what this is, I recommend googling it.
At the time of writing, the cryptocurrency has been available for real use for a week. For purchases, games, goods and services and other things.
Any business owner or programmer can create applications for the currency or use it in some way.
Until recently, it was only possible to send the currency back and forth from accounts (i.e. the account of the mined Pi, so to speak).
For example, I (person A) send you (person B) 10 Pi for a watch. Then you give me the watch in return.
Of course, it is also possible to exchange the currency for real money via exchanges. However, it is extremely important to use the currency for goods and services created by users.
This is because there are an extremely large number of cryptocurrencies that are not really worth anything and have no real use. Pi does.
I have often dealt with the topic and I personally trust the project and believe in it.
There are now over 40 million users of the app. But is that really real?
Well, I recommend this app to the best of my conscience, but you will have to verify yourself with your ID at some point in order to comply with the legal requirements. It is also done to prevent mining with multiple smartphones at the same time and you act on your own responsibility.
Whether you trust it is your decision and responsibility.
If you are skeptical, inform yourself more intensively and do not verify yourself for the time being. You can currently mine pi worth around 0.40$ per day. This could be worth more later if the cryptocurrency is successful.
I spoke to a man in the disco about it. But I didn’t recommend the currency to him directly and didn’t mention its name. He said directly: Shitcoin. So he said he didn’t believe in it at all. Don’t be like him and judge something without having studied it in depth.
To mine Pi, you have to be recommended by someone. Referrers get a very slightly higher mining rate (so earn decently more pi in 24 hours).
This is the marketing strategy to make Pi bigger. It is not MLM or a pyramid scheme. No money is generated from previous money, and no money is earned through multiple levels of referrals (MLM).
⬇⬇⬇I would be delighted if you sign up via my recommendation. If not, that’s perfectly fine. But I didn’t want to withhold Pi from you, as you can start taking responsibility with action right away. ⬇⬇⬇
You are welcome to donate me some pi.
My wallet address: GBBLNHIS6PQJGVHBBLVJXRQZ4726FYWELUQXXDA3X4K5CO4QHFMGTUFI
I am not a financial advisor and hold no formal qualifications in this area. Use this knowledge entirely at your own risk. Inform yourself well, you are acting on your own responsibility. This is not investment advice.