How to Make Money with Pi Network: A Guide for Beginners

How to Make Money with Pi Network: A Guide for Beginners

Have you ever heard of Bitcoin, Ethereum, or other cryptocurrencies? These are digital currencies that you can use to buy things online or trade for real money. But how do you get these cryptocurrencies? Well, one way is to mine them.

Mining is the process of using your computer or phone to solve complex math problems and earn rewards in the form of coins. However, mining is not easy. It requires a lot of computing power, electricity, and data. That’s why most people can’t mine cryptocurrencies on their own.

But what if there was a way to mine cryptocurrencies without using much battery or data? What if you could mine coins just by using your phone and tapping a button once a day? Sounds too good to be true, right?

Well, that’s exactly what Pi Network claims to offer. Pi Network is a new cryptocurrency project that aims to make crypto mining accessible to everyone. It uses a novel algorithm that allows users to mine Pi coins on their mobile devices or PCs without consuming much resources. Pi Network also has a social aspect, as users can form security circles with their trusted contacts and increase their mining rate.

Pi Network is currently in phase 2 of its development, which means that Pi coins are only available on the app and cannot be transferred or exchanged. The project plans to launch its mainnet and enable Pi transactions in phase 3, which is expected to happen in 2023 or 2024. Once the mainnet is live, users will be able to withdraw their Pi coins and trade them on crypto exchanges or use them for various purposes.

So, how can you make money with Pi Network? Here are the steps you need to follow:

  1. Download the app and create an account. You will also need an invitation code from an existing user to join the network. You can use my code romeloph if you don’t have one.
  2. Start mining Pi coins by tapping the lightning button on the app every 24 hours. You will earn 0.1 Pi per hour at the beginning, but you can increase your rate by doing the following:
    • Invite other users with your referral code and earn 0.1 Pi per hour for each user you invite.
    • Join a security circle with your friends or family and earn 0.1 Pi per hour for each user in your circle.
    • Run a node on your PC and earn 0.25 Pi per hour for helping the network validate transactions.
  3. Wait until the project launches its mainnet and lists Pi on crypto exchanges. You will then be able to withdraw your Pi coins and trade them for other cryptocurrencies or fiat money.

However, you should be aware that mining Pi coins does not guarantee any profit, as the value of Pi will depend on the market demand and supply. You will also have to wait until the project launches its mainnet and lists Pi on crypto exchanges before you can withdraw or trade your Pi coins.

FTC Disclosure: This post contains affiliate links, which means I may receive a commission for purchases made through my links.