Pi Network’s Mining Evolution and the Road to Decentralized Success

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In the ever-shifting terrain of cryptocurrency, few projects have demonstrated the resilience and community-driven innovation of Pi Network. From its early days of mobile mining to the implementation of a new mining formula, Pi Network has evolved into a decentralized ecosystem with millions of pioneers contributing daily. The journey has not been easy—but the achievements have been monumental.

The reference tweet from @PiNewsZone, “Do you remember when the new mining formula started? Pi Network has been a journey. It’s never easy, but we made big achievements,” captures the sentiment of a community that has weathered change, embraced complexity, and built something enduring.

The Shift to a New Mining Formula

On March 14, 2022—Pi Day—the Pi Core Team introduced a new mining mechanism designed to balance accessibility, scarcity, and long-term sustainability. This marked a departure from the original flat-rate mining model and introduced a dynamic system where users could boost their mining rates through contributions such as lockups, app usage, and node operations.

The new formula was built on a declining issuance model, ensuring that Pi rewards remained within the 65 billion token supply allocated for mining. This shift was not just technical—it was philosophical. It encouraged pioneers to engage more deeply with the ecosystem, rewarding behavior that strengthened the network.

Mining as Contribution, Not Consumption

Unlike traditional cryptocurrencies that rely on energy-intensive proof-of-work models, Pi Network’s mining is designed to be inclusive and sustainable. Users mine Picoin by opening the app daily, forming security circles, and participating in community activities. The new formula added layers of contribution, allowing users to lock up their Pi for extended periods, run nodes, and interact with decentralized applications.

This approach redefined mining as a civic act—one that builds infrastructure, supports governance, and drives utility. It also aligned with Pi Network’s broader mission: to create a cryptocurrency operated by everyday people.

Do you remember when the new mining formula started? #PiNetwork has been a journey. Its never easy, but we made big achievements. pic.twitter.com/LRKQecxmTd

— PiNewsZone (@PiNewsZone) July 27, 2025

Community Milestones and Achievements

Since the launch of the new mining formula, Pi Network has crossed several major milestones:

• Over 50 million verified users have joined the platform, making it one of the largest crypto communities globally.

• Millions of users have completed KYC verification, enabling secure identity-based participation.

• Thousands of decentralized applications have been developed using Pi App Studio, expanding the ecosystem’s utility.

• Merchant adoption has grown steadily, with businesses accepting Picoin for goods and services across regions.

These achievements reflect a community that is not only growing in numbers but also in depth—engaging with the platform in meaningful ways.

The Role of Picoin in the Ecosystem

Picoin is more than a digital asset—it’s the lifeblood of the Pi Network 

Writer @Ellena

Ellena 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.

 

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