Quote from: smyslov on Today at 03:48:59 PM

It is already being traded in one Chinese exchange in the form of IOU token at $0.348900 looks good even if the token is not yet distributed
this is a big temptation for people to mine, but when they distributed the token I doubt it can maintain the price it will definitely crash the price, people are mining it for the money, it's easy money so they think it is.
https://www.coingecko.com/en/coins/pi-network-iou

0.25 PI per hour = 6 PI for day for 3 million nodes ... 18 million supply daily for how much? More than a year? We can estimate that it is about 18 * 10^6 * 365 / (lets say linear increment = 2) = 3 billion supply (now you know why you can mine whole coin daily and you can't mine whole bitcoin daily with mobile app?)? \/

Quote from: CrybabyGansta on May 04, 2020, 02:43:05 PM

First off it is *NOT* Bitcoin and you could **NEVER** possibly mine an entire whole 1.0 Bitcoin from a cellphone!
Your taking about is 0.00000000007 Bitcoin mining app!!! 1.0 Bitcoin mining would heat it up to a point of melting!! Bitcoin uses your CPU & GPU, With Pi Network I'm earning between 20.0 to 30.0 Pi a day! So yeah first Mining app that's able to mine a whole 1.0 Coin,

With 3 billion supply we are talking about 1 billion dollars in marketcap (top 15 CMC). Expect price drop 99% after unlocking tokes. For everyone considering mining (thinking that money is more important than your personal data) - you will not get even a fraction of what you think you will get. I'm wondering what is this price based on? Who is selling if all mined coins are locked?