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Anyone know anything about Pi Network?
Will it really hit the market?
What do you think of Pi Network?
Will it really hit the market?
What do you think of Pi Network?
I have been aware of the pi network since the end of 2020 but until now the pi network is still in progress and has not been launched. but the application has been widely used by people today and has reached 10m downloaders on the playstore. and many have been mining the pi network through web browsers and applications on smartphones. I hope the pi network is really launched and circulated on the market exchange.
As far as I know, the problem is that Pi token don't even have a blockchain. It is a centralized token that really only made that people believe they could mine it without even using energy. In fact, the application is just a faucet from which we can download tokens, but it is not known if they will ever have any value.
the tokens you get from mining (tokens in the dictionary meaning) are promises for Pi on mainnet.
The 1st phase of mainnet, a centralized version, is expected to be launched in the next 10 days. It will be running the stellar core blockchain software which effectively makes Pi a clone of XLM.
You are wasting time on that project. I still don't understand the idea behind this mobile mining even after reading the Whitepaper.
The mining is obviously fake. People who know what mining is know this.
They don't explain it in the whitepaper but you can infer the meaning from their usp and their use of SCP / stellar core.
Pi want to be a non corporate version of stellar, a bit like kin with a bunch of apps of some kind.
In stellar all the coins are created when the network starts. In xlm this went to investors etc and mostly to the stellar dev foundation who put it on the market. In Pi they want it mostly in the hands of users when the network starts.
Since they can't distribute what doesn't exist yet there's an app with a formula that counts up pi per hour. This is the users claim of the mainnet crypto pi. They get a bonus for inviting people.
Currently they have a stellar core testnet. This is it's horizon
it has 2000 nodes and 100k people wanting to run one but it hasn't been made clear how many are full validators vs watcher nodes.
We don't know what is happening with the Pi network, because in many cases I have there are many positive reviews about this project and at the same time there are many negative reviews about the project. Recently they made an announcement about their progress and developments.
It's not ideal that they deliver updates inward but all the outside world sees is that stupid website that never changes.
The only place I've seen that posts internal news is https://www.reddit.com/r/PiNetworkNews/
I have seen this Pi network thing been shilled a lot, and yes, even I downloaded it at some point but when I discovered it was like a huge ponzi with earnings from referrals and no block explorer (that I could find),,, I did not.
I think the founders really milking their education (stanford).
I think the founders really milking their education (stanford).
there's no block explorer because the blockchain is still in development. They only just got the quorums working on the testnet.
As for the network, I am not a specialist, but if they are based on an already existing blockchain developed precisely by a colleague from Stanford University itself, I still think that it should not take so long. It seems logical that the time required is for testing.
Of course, the nodes also work thanks to volunteers who are betting on IP and investing to make those nodes work.
I still think that those responsible are looking for a certain number of users, something that on the other hand, we cannot audit, that is, we have to believe that there are millions of users, and then you see that the announcements in the APP only harvest a maximum of 40k likes. Something does not fit me.
Even so, I continue to trust, especially since until now no one has said that the APP is malware, if I had a slight doubt, I would have uninstalled it quickly.
They just reset the testnet and now it's running stellar v15.2 according to the api cache
I'm running a testnet supernode (what pi call full validators) on a low power ultra small desktop
They claim 12million "engaged pioneers" without defining what that is. It's definitely suspicious when you see screen caps of phones and it looks like half the referrals have quit.
The project isn't in full motion since how many years now? And again what's that centralized mining all about? Yes I called it centralized because you guys ask for KYC to mine coins with no real equipments, no Proof of work algorithm, completely cloud mining probably that's why you asking for KYC, your project ain't making any sense, I've give up completely
The fake mining is a means to determine the allocation of the premine of the mainnet. The KYC is to ensure 1 account per person.
This is consistent with pi using stellar core for its blockchain.
Re: Is the new cryptocurrency PI Network another scam or legit?
PI Network have tarnished their own image even if they are real and have something good in mind, all their ways are bad from the beginning, a very long time delay, spamming on forum with new accounts, also I would like to ask why KYC for mining? I have never seen this in crypto space before, is PI Network centralized? Or decentralized.
Mining is a process to detemine allocation of mainnet premine. KYC is to ensure 1 person 1 account and to ensure people aren't cheating the allocation process.
Pi network will be decentralized when mainnet is released. Until then it is not.
stellar what pi is based on has a 100% premine which means you need to know how many pi to produce in the genesis block of the mainnet. The fake mining is a process generating pi for each user at an hourly rate mainly based on how many people they personally invited. The total of all that pi + some dev pi is the total amount to produce in the genesis block.
In order to ensure there aren't people with 500 phones accumulating pi they plan to use KYC to ensure 1 account per person any pi associated with accounts that don't pass KYC will be discarded.
Re: Is the new cryptocurrency PI Network another scam or legit?
PI Network have tarnished their own image even if they are real and have something good in mind, all their ways are bad from the beginning, a very long time delay, spamming on forum with new accounts, also I would like to ask why KYC for mining? I have never seen this in crypto space before, is PI Network centralized? Or decentralized.
Mining is a process to detemine allocation of mainnet premine. KYC is to ensure 1 person 1 account and to ensure people aren't cheating the allocation process.
Pi network will be decentralized when mainnet is released. Until then it is not.
Re: Is the new cryptocurrency PI Network another scam or legit?
Bad marketing aside,
If you dig through all the bullshit of the website. The facts are in the not well written whitepaper.
Pi wants to be a non corporate version of Stellar. If you wanted to run a crypto network with millions of users and thousands of nodes, stellar consensus protocol is a reasonable choice.
A non corporate version of stellar is also an interesting proposition.
This choice is probably related to the fact the Co founder, Chief Scientist of Stellar, David Mazieres is a professor in the computing department of Stanford and Dr Nic co founder of Pi is a computer scientist at Stanford teaching blockchain courses and doing social computing research (Publications)
This is his latest course BioE 60: Beyond Bitcoin Applications of Distributed Trust
This is the recording of lecture 2
The first guy in the video is Jan Liphardt Professor of Bioengineering who developed Fever IQ which was an internal feature of the Pi App that collected covid symptoms. That app, which originally had a github, has turned into this Enya Launches FeverIQ COVID Health Check to Immediately Help Businesses and Schools
The plan of Pi, from what I can figure out, which is consistent with the use of stellar consensus protocol, is to distribute the majority of the mainnet premine to the users in order that they can kickstart an economy using all the applications that will be present in the Pi Mobile app. There is an SDK and sandbox and people are making and planning apps. e.g. YouPi. I'm no economist so I don't know if that kind of thing is even possible.
The mining is the means to determine the allocation of the mainnet pi and the KYC is to ensure one person one account. Stellar networks have a 100% premine.
Fake mining is not evidence of a scam since Electroneum did it first. They did it for marketing and to lead into the Any task application. This was their plan all along as they paid for the "mining" with 9bill of the etn premine.
Pi Network started a Stellar v12 testnet in June 2020. here is a picture of showing a non consensus node running stellar. https://ibb.co/m02DdJL
The one thing about running software in a docker container is that you can simply extract the container and examine the files.
There's a lot of information on the node page and here's one of the programmers taking about developments
The node you can download first is a a test container with a nodejs script that replies on ports. This is the Github of the script.
The windows app tests the open ports in the router and sends performance data of the computer to PI HQ on regular basis. This information is sent plain text and easily captured with wireshark.
Pi core have stated the main criteria they're testing for is uptime and some people with high uptime 90%+ over 3 months received a testnet container.
The consensus container runs debian 9 and contains stellar core v12 but the config file says it's running as a non consensus node at the moment.
The only thing I can say about the ads in the app is it's unusual that the app lets you turn them off, that there's only 1 a day and they include a >> which you can use to close the ad straight away.
If you dig through all the bullshit of the website. The facts are in the not well written whitepaper.
Pi wants to be a non corporate version of Stellar. If you wanted to run a crypto network with millions of users and thousands of nodes, stellar consensus protocol is a reasonable choice.
A non corporate version of stellar is also an interesting proposition.
This choice is probably related to the fact the Co founder, Chief Scientist of Stellar, David Mazieres is a professor in the computing department of Stanford and Dr Nic co founder of Pi is a computer scientist at Stanford teaching blockchain courses and doing social computing research (Publications)
This is his latest course BioE 60: Beyond Bitcoin Applications of Distributed Trust
This is the recording of lecture 2
The first guy in the video is Jan Liphardt Professor of Bioengineering who developed Fever IQ which was an internal feature of the Pi App that collected covid symptoms. That app, which originally had a github, has turned into this Enya Launches FeverIQ COVID Health Check to Immediately Help Businesses and Schools
The plan of Pi, from what I can figure out, which is consistent with the use of stellar consensus protocol, is to distribute the majority of the mainnet premine to the users in order that they can kickstart an economy using all the applications that will be present in the Pi Mobile app. There is an SDK and sandbox and people are making and planning apps. e.g. YouPi. I'm no economist so I don't know if that kind of thing is even possible.
The mining is the means to determine the allocation of the mainnet pi and the KYC is to ensure one person one account. Stellar networks have a 100% premine.
Fake mining is not evidence of a scam since Electroneum did it first. They did it for marketing and to lead into the Any task application. This was their plan all along as they paid for the "mining" with 9bill of the etn premine.
Pi Network started a Stellar v12 testnet in June 2020. here is a picture of showing a non consensus node running stellar. https://ibb.co/m02DdJL
The one thing about running software in a docker container is that you can simply extract the container and examine the files.
There's a lot of information on the node page and here's one of the programmers taking about developments
The node you can download first is a a test container with a nodejs script that replies on ports. This is the Github of the script.
The windows app tests the open ports in the router and sends performance data of the computer to PI HQ on regular basis. This information is sent plain text and easily captured with wireshark.
Pi core have stated the main criteria they're testing for is uptime and some people with high uptime 90%+ over 3 months received a testnet container.
The consensus container runs debian 9 and contains stellar core v12 but the config file says it's running as a non consensus node at the moment.
The only thing I can say about the ads in the app is it's unusual that the app lets you turn them off, that there's only 1 a day and they include a >> which you can use to close the ad straight away.
Even if I'm so wrong about PI network there is one thing that's certain, every God damn accounts that talk about this PI network are always from newbie accounts, PI network are bumping this forum themselves and I'm tired of their shit, the project is complete crap
I am not a newbie and I appreciate the analysis of the previous colleague, because it is quite complete. If I am in the project, it is because of the possibilities that it will be something big, but it is true that it still has a long way to go, although I hope they will be a little faster to get the mainnet, I do not understand that they should wait until the end of 2021, when they have already been many months working.
It makes me think that they are looking for a critical mass of users, before launching the mainnet.
I do not understand that it is classified as spam or cheat because you do not have to put money and you only have to spend 1 minute a day.
It has the great disadvantage of having to provide your data, just like other platforms. That is already a personal decision. Some will want to do it and others will not.
Pi has been going since 2019. About 1.5 years so far. This is not an especially long time in the making for a crypto currency project.
Pi network have the added situation of with millions of users come millions of problems. I guess their one email support was overwhelmed as they deployed a support portal recently: https://pinetwork.atlassian.net/servicedesk/customer/portals
There's a couple of videos on the Pi Net youtube page that provide details about the development of the nodes
https://www.youtube.com/watch?v=shLIcEwz9Q4
https://www.youtube.com/watch?v=dTXcauc6mT8
I think in the 2nd video he talks about extensive testing required as the Pi Network will be considerably larger than the stellar network it's based on.
⭐ Merited by josegines (1)
Bad marketing aside, I heard the guy running the website and creating the marketing got fired.
If you dig through all the bullshit of the website. The facts are in the not well written whitepaper.
Pi wants to be a non corporate version of Stellar. If you wanted to run a crypto network with millions of users and thousands of nodes, stellar consensus protocol is a reasonable choice.
This choice is probably related to the fact the Co founder, Chief Scientist of Stellar, David Mazieres is a professor in the computing department of Stanford and Dr Nic co founder of Pi is a computer scientist at Stanford teaching blockchain courses and doing social computing research (Publications)
This is his latest course BioE 60: Beyond Bitcoin Applications of Distributed Trust
This is the recording of lecture 2
The first guy in the video is Jan Liphardt Professor of Bioengineering who developed Fever IQ which was an internal feature of the Pi App that collected covid symptoms. That app, which originally had a github, has turned into this Enya Launches FeverIQ COVID Health Check to Immediately Help Businesses and Schools
The plan of Pi, from what I can figure out, which is consistent with the use of stellar consensus protocol, is to distribute the majority of the mainenet premine to the users in order that they can kickstart an economy using all the applications that will be present in the Pi Mobile app. There is an SDK and sandbox and people are making and planning apps. e.g. YouPi. I'm not economist so I don't know if that kind of thing is even possible.
The mining is the means to determine the allocation of the mainnet pi and the KYC is to ensure one person one account.
Fake mining is not evidence of a scam since Electroneum did it first. They did it for marketing and to lead into the Any task. This was their plan all along as they paid for the "mining" with a 9bill etn premine.
Pi Network started a Stellar v12 testnet in June 2020. here is a picture of showing a non consensus node running stellar. https://ibb.co/m02DdJL
The one thing about running software in a docker container is that you can simply extract the container and examine the files.
There's a lot of information on the node page and here's one of the programmers taking about developments
The node you can download first is a a test container with a nodejs script that replies on ports. This is the Github of the script.
The windows app tests the open ports in the router and sends performance data of the computer to PI HQ on regular basis. This information is sent plain text and easily captured with wireshark.
Pi core have stated the main criteria they're testing for is uptime and some people with high uptime 90%+ over 3 months received a testnet container.
The consensus container runs debian 9 and contains stellar core v12 but the config file says it's running as a non consensus node at the moment.
The only thing I can say about the ads in the app is it's unusual that the app lets you turn them off, that there's only 1 a day and they include a >> which you can use to close the ad straight away.
If you dig through all the bullshit of the website. The facts are in the not well written whitepaper.
Pi wants to be a non corporate version of Stellar. If you wanted to run a crypto network with millions of users and thousands of nodes, stellar consensus protocol is a reasonable choice.
This choice is probably related to the fact the Co founder, Chief Scientist of Stellar, David Mazieres is a professor in the computing department of Stanford and Dr Nic co founder of Pi is a computer scientist at Stanford teaching blockchain courses and doing social computing research (Publications)
This is his latest course BioE 60: Beyond Bitcoin Applications of Distributed Trust
This is the recording of lecture 2
The first guy in the video is Jan Liphardt Professor of Bioengineering who developed Fever IQ which was an internal feature of the Pi App that collected covid symptoms. That app, which originally had a github, has turned into this Enya Launches FeverIQ COVID Health Check to Immediately Help Businesses and Schools
The plan of Pi, from what I can figure out, which is consistent with the use of stellar consensus protocol, is to distribute the majority of the mainenet premine to the users in order that they can kickstart an economy using all the applications that will be present in the Pi Mobile app. There is an SDK and sandbox and people are making and planning apps. e.g. YouPi. I'm not economist so I don't know if that kind of thing is even possible.
The mining is the means to determine the allocation of the mainnet pi and the KYC is to ensure one person one account.
Fake mining is not evidence of a scam since Electroneum did it first. They did it for marketing and to lead into the Any task. This was their plan all along as they paid for the "mining" with a 9bill etn premine.
Pi Network started a Stellar v12 testnet in June 2020. here is a picture of showing a non consensus node running stellar. https://ibb.co/m02DdJL
The one thing about running software in a docker container is that you can simply extract the container and examine the files.
There's a lot of information on the node page and here's one of the programmers taking about developments
The node you can download first is a a test container with a nodejs script that replies on ports. This is the Github of the script.
The windows app tests the open ports in the router and sends performance data of the computer to PI HQ on regular basis. This information is sent plain text and easily captured with wireshark.
Pi core have stated the main criteria they're testing for is uptime and some people with high uptime 90%+ over 3 months received a testnet container.
The consensus container runs debian 9 and contains stellar core v12 but the config file says it's running as a non consensus node at the moment.
The only thing I can say about the ads in the app is it's unusual that the app lets you turn them off, that there's only 1 a day and they include a >> which you can use to close the ad straight away.
Re: [ANN] SocialChains.io Announcement Thread! [User-Driven Social Platform]
The Pi network https://minepi.com/ looks a lot like this social chain thing.
Re: Is the new cryptocurrency PI Network another scam or legit?
Pi is basically the crypto Stellar Lumens(xlm) with an MLM recruitment system. The MLM system exists to add security to the network. Its a neat idea but I think the developers underestimated the taint from utilizing MLM type recruiting because what it looks like is an MLM that gives you something you can't sell for a purpose most people can't understand but people know how misleading MLMs are.
Instead of running a test net with fixed amount of users, they've invited everyone to a test net. But actually inviting everyone to the test net is necessary for the formation of the main net. It's a CRAZY setup. I'm not surprised so many people think it's a scam.
Instead of running a test net with fixed amount of users, they've invited everyone to a test net. But actually inviting everyone to the test net is necessary for the formation of the main net. It's a CRAZY setup. I'm not surprised so many people think it's a scam.
Re: [CryptoNight] CPU mining guide & coins that will get you a return
I wonder why no one mentioned Worktips coin yet 
ANN THREAD - https://bitcointalk.org/index.php?topic=3086019.0
WEBSITE - http://worktips.info/
It's a great cn-lite v1 coin for small miners, community growing every day, great devs.
ANN THREAD - https://bitcointalk.org/index.php?topic=3086019.0
WEBSITE - http://worktips.info/
It's a great cn-lite v1 coin for small miners, community growing every day, great devs.
Theoretically it's better to mine than turtlecoin because you get more for your 1sat but in practice you can sell trtl but goodluck selling wtips...
There's 50 btc worth of wtips for sale at tradeogre at 1 sat. Given 1 btc is worth 99,800,000wtips. That's a bigger queue than I know how to say.
Re: [CryptoNight] CPU mining guide & coins that will get you a return
Monoro V (XMV) forked off Monero couple of nights ago
It has the algo Cryptonight variant 1 aka Monero7
Announcement: https://bitcointalk.org/index.php?topic=2947912.0
I've been using this pool : https://cryptoknight.cc/monerov/
It's only available on the altex exchange at the moment so best sitting on till it gets somewhere more popular.
Given the algo variations now I'd split you should include that too.
CN-Heavy: Haven, Loki, Ombre, Solace, Sumo
CN-variant 1: bbs, graft, intense, italocoin, lines, masari, monerov, stellite
CN-Alloy: Alloy
CN-Lite-ipbc: Ibpc
CN-Lite-variant1: Iridum, Triton, Turtlecoin
Unforked: crepcoin, dero, karbo, niobio, qwerty, xun, aeon, electroneum
Another coin is Iridium
Announcement : https://bitcointalk.org/index.php?topic=2150442.0
I think it's have a resurgence after forking to Cn-lite variant 1
I mined 200 off https://cryptoknight.cc/iridium/# and sold them today and the price was up 150% on trade-ogre
It has the algo Cryptonight variant 1 aka Monero7
Announcement: https://bitcointalk.org/index.php?topic=2947912.0
I've been using this pool : https://cryptoknight.cc/monerov/
It's only available on the altex exchange at the moment so best sitting on till it gets somewhere more popular.
Given the algo variations now I'd split you should include that too.
CN-Heavy: Haven, Loki, Ombre, Solace, Sumo
CN-variant 1: bbs, graft, intense, italocoin, lines, masari, monerov, stellite
CN-Alloy: Alloy
CN-Lite-ipbc: Ibpc
CN-Lite-variant1: Iridum, Triton, Turtlecoin
Unforked: crepcoin, dero, karbo, niobio, qwerty, xun, aeon, electroneum
Another coin is Iridium
Announcement : https://bitcointalk.org/index.php?topic=2150442.0
I think it's have a resurgence after forking to Cn-lite variant 1
I mined 200 off https://cryptoknight.cc/iridium/# and sold them today and the price was up 150% on trade-ogre
Re: [CryptoNight] CPU mining guide & coins that will get you a return
Loki coin started last thursday. It's had a lot of publicity and there's loads of pools so the network hash is 25-30MH
Original Announcement: https://bitcointalk.org/index.php?topic=3016125.0
It uses the algo cryptonight heavy
I use the pool: https://loki.miner.rocks/# but if you're less bothered about a quick profit, use an alternate.
Currently 1KH/s/day = 3.04 LOKI / $4.67
Original Announcement: https://bitcointalk.org/index.php?topic=3016125.0
It uses the algo cryptonight heavy
I use the pool: https://loki.miner.rocks/# but if you're less bothered about a quick profit, use an alternate.
Currently 1KH/s/day = 3.04 LOKI / $4.67
Re: [CryptoNight] CPU mining guide & coins that will get you a return
Another new one: Solace Coin
announcement: https://bitcointalk.org/index.php?topic=3297659.0
It's already forked to cryptonight heavy and the difficulty is low because it's new
I'm getting 330 H/s on a 1060-6GB which equates to ~5600 coins / day
I'm using the pool http://solacecoin.cryptonote.host but cryptoknight.cc are opening one tomorrow.
announcement: https://bitcointalk.org/index.php?topic=3297659.0
It's already forked to cryptonight heavy and the difficulty is low because it's new
I'm getting 330 H/s on a 1060-6GB which equates to ~5600 coins / day
I'm using the pool http://solacecoin.cryptonote.host but cryptoknight.cc are opening one tomorrow.
Re: [CryptoNight] CPU mining guide & coins that will get you a return
I've heard Niobio Cash is worth doing https://niobiocash.org/en/
This one looks compatible, do you have more details for it? Like a pool you've been using? An announcement thread?Announcement: https://bitcointalk.org/index.php?topic=2912866.0
Pool: http://nbr.4miner.me/#
Re: [CryptoNight] CPU mining guide & coins that will get you a return
I've heard Niobio Cash is worth doing https://niobiocash.org/en/