About Pi Network
Pi Network is a free mobile mining project created by the team from Stanford University. It is dedicated to building a global shared and decentralized digital currency system. Although Pi sounds similar to Bitcoin and other cryptographic currency, the way to participate in it is simpler. It can avoid the problem of centralized power and wealth caused by Bitcoin.
Pi Network builds a consensus mechanism based on the SCP and the FBA protocols, which is characterized by being more lightweight and without the consumption of resources. You only need to run the Pi Network APP to mine and get π tokens. The whole mining process has no effect on the operation of the mobile phone and does not occupy the CPU or GPU.
Currently, there are 450,000+APP users in more than 100 countries, and there are chat rooms in 43 languages in the world.
At present, the π tokens obtained by mining can't be traded. The currency can only be withdrawn after the KYC is completed before the mainnet is launched in the third quarter. At that time, Bitsoda will also launch the Pi Network, and all the π tokens obtained from the mining of the platform will be distributed free of charge to those who fill in the Bitsoda exclusive invitation code(Bitsoda), which will achieve the effect of multiple times speed bonus of joint mining. Below is a complete mining tutorial for the Pi Network.
Step 1: Download Pi Network APP
Official APP download address: https://minepi.com/#download
For Android users, you can download the APP directly by visiting Google Play or clicking the yellow button;
For Apple users, you need to use the ID to download it. After logging in the ID, search Pi Network in AppStore to download it.
Step 2: Sign up an account
1. After the download is completed, open the app, select to register by phone number and then click 【Continue with phone numbe】;
2. Fill in the country and phone number and then click【Go】;
3. Password must be 8 or more characters with at least 1 digit,1 uppercase, and 1 lowercase letter;
4. Fill in the corresponding content according to the picture below. Please note that the name used for registration must be a real name, as KYC will be strictly reviewed when the mainnet is launched. If it is a fake name, the π mined will be burned；
5. Fill in the invitation code and then click【Submit】. Any invitation code is OK, but only Bitsoda promises to give back all the π tokens mined by the platform to users who fill out theBitsoda exclusive invitation code for free. Bitsoda's exclusive invitation code is: Bitsoda；
Step 3: Start mining
1. Click【GET STARTED】 and then tap the lightning icon on the right to start mining. After that, you can start a tour of the Pi Network mobile app by clicking on the 【STRAT TOUR】；
2. The mining period is 24 hours. You can set an alarm clock to remind yourself to open the APP at a fixed time every day and then tap the lightning icon to start the next cycle of mining. Otherwise, the APP will automatically stop mining.
Step 4:Complete the phone verification
After the registration is successful, you can verify the phone. The steps are as follows:
1. Open the menu and select 【Profile】；
2. Select 【Verify】；
3. Select 【Start】；
4. Select 【Send SMS】;
5. Send SMS.
Step 5: What are multiple times co-mining
Fill in Bitsoda invitation code（Bitsoda）to mine, after Pi mainnet is launched, Bitsoda will distribute all π tokens free of charge to those who fill in Bitsoda invitation code. That is, users who fill in Bitsoda invitation code can get multiple times of speed bonus, so as to maximize the benefit of mining, that is, multiple times co-mining.
As shown in the picture above, the daily mining speed consists of three parts:
In the first part, Pioneer is the basic speed, and everyone's is the same.
In the second part, the Contributor needs to be unlocked after three days' mining. The formula for calculating the speed bonus is the number of security connections x the basic speed x 20%. The maximum numbers of security connections are five.
Once you have filled in the invitation code for the first time, you will get a secure connection, and the rest will need to be obtained by inviting new friends to join.
In the third part, Ambassador, representing the invitation reward, the more people you invite, the higher speed bonus you get .（Please note that the speed bonus will only be increased when the invited people participate in mining normally.）The number of actives shown in the figure represents the number of people who are active. The formula for calculating the speed bonus is: the number of active x 25% x (speed of the first part + speed of the second part). Similarly, when you register with the invitation code, you will get 1 active (provided that your inviter is active). If you want to increase the number of actives, you will need to invite new friends to join through your invitation code.