GOOD NEWS! Global Pi Community Reaches 97 Million Accounts, Preparing New Mining System When 100 Million Accounts Are Reached

Pi Network Nears 100 Million Accounts as New Mining System Is Set to Launch

The global Pi Network community is nearing a significant milestone, with 97 million accounts created on its platform. As this figure edges closer to the 100 million mark, the Pi Core Team is preparing a major update to its mining system, which is expected to change the dynamics of mining Pi cryptocurrency for users worldwide. This new system is scheduled to go live once the 100 million account threshold is reached, marking a pivotal moment in the development of this fast-growing digital ecosystem.

Another cooking airdrop at Swallow Bitget 👇

https://share.bwb.site/inviteLink?code=SUbZW2&shareLang=id&teamCode=&source=copy

A New Mining Era for Pi Network at 100 Million Users

Once Pi Network reaches 100 million users, the Pi Core Team has announced plans to roll out a restructured mining system. This update will involve a substantial reduction in the mining rate, making it more challenging for users to accumulate Pi through the mining process. The team has confirmed that preparations are well underway and that the changes will likely be implemented within the coming weeks.

This adjustment aims to sustain the scarcity and potential value of Pi as the community grows. With the mining rate poised to drop significantly, the Core Team is signaling a shift toward a more mature phase for Pi Network, encouraging current users to ramp up their mining activity before the new system takes effect.

Implications of the Reduced Mining Rate

The upcoming mining rate reduction means that new users who join after the update will be able to mine Pi at a considerably lower rate, making existing Pi holdings potentially more valuable and rewarding early adopters of the platform. This strategic shift is expected to maintain the integrity of the network while preventing oversupply, which can dilute value over time.

Analysts believe this change could create a sense of urgency among current users, motivating them to increase their mining activity now. For those already invested in Pi, it may be an opportunity to strengthen their position before the supply mechanics become more restrictive.

Why is the Pi Community Growing So Quickly?

One reason Pi Network has rapidly attracted users worldwide is its innovative approach to accessibility. Unlike traditional cryptocurrencies that often require high-powered computers and extensive energy consumption, Pi Network allows users to mine currency through a mobile app, making digital currency more accessible to everyday users without specialized equipment. This simple, mobile-based system has enabled millions of people, many of whom are new to cryptocurrency, to participate in the network.

This ease of access has been a major driver of Pi's growth, particularly in regions where financial inclusion is limited or where access to traditional banking services is challenging. As the community nears the 100 million user milestone, Pi’s model of open participation appears to be resonating on a global scale.

What Can the Community Expect Next?

For now, the Pi Core Team is encouraging users to maximize their mining efforts ahead of the system change. The reduced mining rate will likely reward early users and make mining more competitive. However, Pi Network has also hinted at future developments aimed at expanding its ecosystem and providing more utility to the Pi currency.

Pi Network’s gradual approach to evolving its mining system reflects its broader mission of building a sustainable and inclusive digital currency. The new mining structure is expected to be part of a larger roadmap toward the Open Mainnet phase, which will enable users to fully access and exchange Pi.

Looking Ahead: A Key Turning Point for Pi Network

The journey to 100 million users represents a significant milestone not just for Pi Network but for the broader cryptocurrency landscape. By prioritizing accessibility and inclusivity, Pi Network has managed to attract a diverse user base that now stretches across almost every continent. As it transitions to a new mining system, the Pi community stands at the cusp of a new era that promises both opportunities and challenges.

For Pi pioneers and newcomers alike, this moment serves as a reminder of the network’s evolving nature. With 100 million users within reach and a new mining model on the horizon, Pi Network’s trajectory appears set for even greater milestones in the near future.

🌠The Worldwide Pi Community already has 97 million Pi accounts created. When we reach 100 Million Pi accounts created we will have a new mining system. In a few weeks the Pi Core Team is preparing a new mining system for us and the mining rate will drop drastically.#pinetwork pic.twitter.com/yasGH4xZ9N

— Tư Mã Ý (@Dannaviet68) November 8, 2024

Source: X

Those who haven't mined Pi Coin, download it now

https://minepi.com/H002xli

Invite Code: H002xli  

HokaNews Launches New Telegram Channel for Latest Airdrops

HokaNews has officially launched its new Telegram channel, HokaNews Airdrop, designed to provide the latest updates on airdrops and collaborative earning opportunities. The channel aims to keep the community informed and engaged without charging any fees.

It is important to note that HokaNews does not solicit payments for airdrop information or access. The only official channel for HokaNews is named HokaNews Airdrop, accessible via the following link: https://t.me/hokanewsAirdrop. Any claims of payment requests from individuals purporting to represent HokaNews are fraudulent.

Want to talk to our team, log in from here 👇

https://t.me/hokanewsAirdropChat

Join us on HokaNews Airdrop to stay updated with the latest airdrop news and participate in opportunities at no cost.

 

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

 Check out other news and articles on Google News

Disclaimer:

The articles published on hokaNews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.

hokaNews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.

 

Read all Pi Network articles only at pi.hokanews.com