We all know they are new and it's not possible, even I remember we could mine bitcoin using phones and getting some profit out of it.
First off it is *NOT* bitcoin, Second it doesn't work like bitcoin --- *different algorithm*, 3rd it's based in the cloud, your cellphone is just the controller "like your garage door opener", you just press a button on your phone to turn it on every 24hours2. This currency was/is never listed, and between all the valued crypto related website(For example, bitcointalk ANN) none of them wrote anything about them. (Only some random worthless advertising websites wrote about them.) While other projects such as Electrum listed.
Pi isn't listed yet same as Bitcoin in early stages in 2008 it also was created by *FREE* mined coins 3. There is actually no roadmap in their website. Just an unprofessional roadmap-like without of any details, comparing to other projects It's more like nothing.
It is all explained in the FAQ and the White Paper plus Core Team gives updates 4. There is a White-Paper on their website explaining about crypto currencies. The reader would be totally confused.
There is a White Paper on website and in App also for your easy questions there is the FAQ to read!5. One important thing about them is the team behind the project.
here:
https://minepi.com/teamThey apparently got real identify. But, but actually said nothing about this project on their social media (Instagram, Linkedin, etc...).
In the other hand they have got very low amount of followers, maybe for other normal people having low amount of followers is not a big deal but for some people coming from Stanford University and backing a project like this... not normal.
That doesn't mean anything I don't even have a Instagram, Linkedin nor twitter account. I barely use Facebook myself6. And why we can't track our mining details anywhere on blockchain?
This is brand New even the app is in Beta version. They explain it all in White Paper and the FAQ! Back in the day people thought bitcoin was a scam and nothing I was the person that knew it could be something Here you may ask when they are not asking us for money how it's scam?
Firstly, in order to mine this token you need to install an application on your smart phone and it's too dangerous if you understand that this application can collect and abuse all your data from your phone or report your personal information somewhere. (can be anywhere even the government)
Secondly, they didn't ask you for any deposit now, but they can ask it anytime "In order to unlock your token deposit $$$ to us".
Facebook abuses your data! Anything can, even bitcoin, even me talking to you now on the internet can, what is your point