How does Pi mining work? The Stellar Consensus Protocol explained

cryptonews06-28 23:30

Pi Network lets tens of millions of people “mine” crypto by tapping a button on their phone once a day, with no hardware, no electricity bill, and no drained battery. That sounds too easy to be real ...

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That sounds too easy to be real ...</p>\n\n<a href=\"https://crypto.news/how-does-pi-mining-work-stellar-consensus-protocol-explained/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How does Pi mining work? 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The Stellar Consensus Protocol explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-28 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/how-does-pi-mining-work-stellar-consensus-protocol-explained/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pi Network lets tens of millions of people “mine” crypto by tapping a button on their phone once a day, with no hardware, no electricity bill, and no drained battery. That sounds too easy to be real ...</p>\n\n<a href=\"https://crypto.news/how-does-pi-mining-work-stellar-consensus-protocol-explained/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MNRS","symbol_name":"GRAYSCALE BITCOIN MINERS ETF","start_time":0,"source_url":"https://crypto.news/how-does-pi-mining-work-stellar-consensus-protocol-explained/","article_id":"2646671310","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/how-does-pi-mining-work-stellar-consensus-protocol-explained/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2646671310","pubTimestamp":1782660600,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Pi Network lets tens of millions of people “mine” crypto by tapping a button on their phone once a day, with no hardware, no electricity bill, and no drained battery. That sounds too easy to be real mining, and in a sense it is not. Here is what Pi mining actually does, how the Stellar Consensus Protocol underneath it works, and what your daily tap really secures.Pi mining is not computational mining in the Bitcoin sense; it is a daily check-in that distributes PI tokens and feeds a trust graph the network uses to reach agreement.Pi runs on a version of the Stellar Consensus Protocol, a Federated Byzantine Agreement system that reaches consensus through overlapping groups of trusted participants instead of energy-intensive proof-of-work.Users supply trust relationships, vouching for people they know, and those relationships aggregate into a structure the network uses to agree on which transactions are valid. This guide explains how that works from the ground up. 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That sounds too easy to be real mining, and in a sense it is not. Here is what Pi mining actually does, how the Stellar Consensus Protocol underneath it works, and what your daily tap really secures.\n\n\nSummary\n\n\n\nPi mining is not computational mining in the Bitcoin sense; it is a daily check-in that distributes PI tokens and feeds a trust graph the network uses to reach agreement.\nPi runs on a version of the Stellar Consensus Protocol, a Federated Byzantine Agreement system that reaches consensus through overlapping groups of trusted participants instead of energy-intensive proof-of-work.\nMobile users contribute their trust relationships through Security Circles, while the actual transaction validation runs on computer nodes, not on phones.\nThere are four roles, Pioneer, Contributor, Ambassador, and Node, and the daily tap mainly proves you are a real human and keeps your token rewards flowing.\nThe model trades the energy cost and hard security guarantees of proof-of-work for accessibility, and it depends on honest trust circles and a node network that is still maturing.\n\n\n\nPi mining is the process by which Pi Network distributes its PI tokens to users who confirm their participation through a mobile app and contribute trust relationships to the network, rather than by solving the energy-intensive computational puzzles that power Bitcoin mining. That distinction is the single most important thing to understand about Pi, because the word “mining” carries heavy baggage from Bitcoin, where it means racing thousands of specialized machines to solve cryptographic problems and consuming enormous amounts of electricity in the process. Pi uses the same word for something almost entirely different. A Pi user opens an app once every 24 hours, taps a button, and is credited with newly minted PI.\nNo puzzle is solved, no hardware is strained, and no meaningful electricity is consumed. This has made Pi one of the most-downloaded crypto apps in the world, with tens of millions of users, and also one of the most debated, because the obvious question is how something so effortless can be called mining at all, and what, if anything, the daily tap actually accomplishes. The answer lies in the consensus mechanism Pi is built on, a system called the Stellar Consensus Protocol, and in a reframing of what “mining” means. In Bitcoin, miners contribute energy and computation to secure the ledger, and they are rewarded for it; in Pi, the contribution is different.\nUsers supply trust relationships, vouching for people they know, and those relationships aggregate into a structure the network uses to agree on which transactions are valid. This guide explains how that works from the ground up. It covers why Pi rejected proof-of-work in the first place, how the Stellar Consensus Protocol reaches agreement without energy-intensive competition, what Security Circles are and how they feed the network, the four roles a participant can play, what the daily tap genuinely does as opposed to what users often assume, a worked example of how one person’s activity flows into consensus, why the mining rate falls over time, and the criticisms and limits that any honest account has to include. By the end you will understand both the clever idea at the heart of Pi and the real questions that surround it.\nWhat Pi mining actually is\nBegin by stripping the word “mining” of its Bitcoin associations, because they cause most of the confusion. In Bitcoin, mining is the work of validating transactions and securing the ledger by solving cryptographic puzzles, and the energy spent doing it is what makes the network hard to attack. Pi mining is not that. When a Pi user taps the lightning button in the app, the phone does not solve anything, does not validate transactions, and does not run any heavy computation.\nWhat the tap does is twofold: it signals that the user is a real, active human participating in the network, and it keeps that user eligible to receive newly distributed PI tokens. In Pi’s own framing, mining is the act of making a contribution to the consensus algorithm in order to secure the ledger, in exchange for rewards, but the contribution a mobile user makes is not energy. It is trust. That is why Pi mining is better understood as a combination of two things: a distribution mechanism and a trust-gathering mechanism.\nAs a distribution mechanism, it is the way PI tokens are handed out fairly to a large population without requiring anyone to buy expensive equipment, which is the project’s central pitch of accessibility. As a trust-gathering mechanism, the daily check-in and the connections a user makes feed into the network’s way of telling real participants apart from bots, which matters because a system that gives away tokens to anyone who taps a button needs some defense against people creating thousands of fake accounts to farm rewards. The daily tap, and especially the trust relationships a user builds, serve that defense. This is why Pi places so much emphasis on identity verification and on the social connections between users: the whole model rests on being able to distinguish genuine humans from fake ones, and the “mining” activity is partly how it gathers the raw material to do that.\nCalling it mining is a marketing choice that borrows Bitcoin’s vocabulary, but mechanically it is closer to a daily proof-of-participation than to anything involving computation. For readers comparing the two models, the model Pi rejected is proof-of-work, where miners expend computation and electricity to secure the chain. Pi’s design replaces that energy cost with a trust-based participation model. The tradeoff is accessibility on one side and a different set of security assumptions on the other.\nWhy Pi does not use proof-of-work\nTo understand why Pi works the way it does, you have to understand what it is reacting against. Bitcoin and similar cryptocurrencies use a consensus mechanism called proof-of-work, in which participants called miners compete to solve a difficult mathematical puzzle, and the first to solve it gets to add the next block of transactions and earn a reward. Proof-of-work is genuinely secure and has protected Bitcoin for over a decade, but it has two consequences that Pi’s founders saw as barriers. The first is energy: the global competition to solve puzzles consumes vast amounts of electricity, which is both an environmental concern and a cost.\nThe second is access: because the competition rewards raw computing power, serious mining requires specialized, expensive hardware and cheap electricity, which puts it out of reach of ordinary people and concentrates it among well-resourced operators. Pi Network was founded by two Stanford researchers, Nicolas Kokkalis and Chengdiao Fan, with the explicit goal of making cryptocurrency accessible to anyone with a smartphone, and proof-of-work was incompatible with that goal. A system that demands costly hardware and large electricity bills cannot, by design, be opened to billions of ordinary phone users. So Pi needed a fundamentally different way of reaching consensus, one that did not depend on burning energy or owning powerful machines, while still allowing the network to agree on a single, valid history of transactions without a central authority in charge.\nThat requirement led the project to a different family of consensus mechanisms, one built not on computational competition but on trust between participants. The choice it landed on was the Stellar Consensus Protocol, and understanding it is the key to understanding everything Pi does, because it is what allows a phone tap to stand in for the energy a Bitcoin miner would otherwise spend. Pi’s own explanation of mobile mining also frames the design this way, saying its consensus algorithm is adapted from SCP and Federated Byzantine Agreement rather than proof-of-work. The shift from work to trust is the core design decision behind Pi mining.\n\n\n\n\n\n                You might also like:\n            \n\n                Tether brings $23B gold push into crypto-backed loans            \n\nThe Stellar Consensus Protocol, explained\nThe Stellar Consensus Protocol, usually shortened to SCP, is a way for a decentralized network to agree on the state of a shared ledger without proof-of-work, and it was created by David Mazières, a computer scientist associated with the Stellar blockchain. Its underlying model is called Federated Byzantine Agreement, and the core idea is a genuine departure from how Bitcoin works. Instead of every participant competing, or relying on a fixed, predetermined set of validators chosen by a central authority, each participant in an SCP network decides for itself which other participants it trusts. The set of validators that a given participant chooses to trust is called its quorum slice.\nCrucially, no central body assigns these trust relationships; each node selects its own, which is what makes the system both open and decentralized. Consensus then emerges from the overlap of these individual trust choices. When enough of the participants that a node trusts, and enough of the participants they in turn trust, all agree on a transaction or a block, that agreement propagates across the network until a global decision forms. In plainer terms, nodes reach agreement by exchanging messages and aligning with the peers they trust, and because trust relationships overlap and interlock across the whole network, a decision that begins locally spreads until the entire system converges on it.\nThere is no puzzle to solve and no energy to burn; the security comes from the structure of overlapping trust rather than from computational work. This is why the Stellar Consensus Protocol can run on modest hardware and reach agreement quickly with low energy use, which is exactly the property Pi needed. The protocol has well-studied properties of open membership, flexible trust, and fast, low-bandwidth messaging, and it is a real, respected approach to consensus, not something Pi invented. What Pi did was adapt SCP and layer on top of it a way to gather the trust relationships from a mass of ordinary mobile users, which is where Security Circles come in.\nSecurity Circles and the global trust graph\nThe bridge between millions of phone users and the Stellar Consensus Protocol is a feature called the Security Circle. Each Pi user is encouraged to build a Security Circle by adding a small number of people, typically three to five, whom they personally know and trust. This is a deliberately human act: you are vouching for specific individuals, asserting that they are real people you have reason to trust. On its own, one person’s Security Circle is a tiny thing, a handful of trust links.\nBut Pi’s design aggregates every user’s Security Circle into a single, enormous structure called the global trust graph, a map of who trusts whom across the entire network of tens of millions of users. This global trust graph is what feeds Pi’s consensus mechanism, and it is the mobile user’s actual contribution. Where a Bitcoin miner contributes energy, a Pi mobile user contributes trust relationships and the active, daily confirmation of them. The individual Security Circles become the raw material from which the network builds its quorum slices, the overlapping trust sets that the Stellar Consensus Protocol uses to reach agreement.\nThe graph also serves a defensive purpose that is central to Pi’s whole proposition. Because the network distributes tokens to participants, it is a tempting target for people who would create armies of fake accounts to harvest rewards, an attack known as a Sybil attack. The trust graph is Pi’s main defense: if real humans only add other real humans they know to their circles, then fake accounts struggle to embed themselves in the web of genuine trust, and the network can prioritize the accounts that sit within dense, authentic trust relationships over isolated or suspicious ones. This is why the social dimension of Pi is not incidental but foundational, and why Pi’s identity-based design belongs in the broader debate about proving real humans in crypto.\nThe security of the whole system is meant to rest on the authenticity of the trust relationships that ordinary users build, which is also one of the model’s most debated features. If users build careful circles with people they genuinely know, the graph can become a useful Sybil-resistance layer. If users add strangers just to boost earnings, the quality of the graph weakens. That tension is central to understanding both Pi’s accessibility and its open questions.\n\n\n\n\n\n                You might also like:\n            \n\n                Polymarket hack losses rise to $3.1M as refund pledge faces scrutiny            \n\nThe four roles: Pioneer, Contributor, Ambassador, and Node\nPi organizes participation into four roles, and understanding them clarifies who does what in the network. The most basic role is the Pioneer, which is simply a user who opens the app once every 24 hours and taps the button to confirm they are a real, active human and not a bot. Pioneers are the foundation of the user base, and the daily check-in is the minimum act of participation that keeps a user earning. The Pioneer role, on its own, does not validate transactions or secure the ledger in any direct technical sense; it confirms presence and keeps the rewards flowing.\nThe second role is the Contributor, which is a user who actively builds a Security Circle by adding trusted people. This is the role through which a user supplies the trust relationships that feed the global trust graph, so Contributors are the ones doing the work that actually matters for the consensus mechanism, even though that work consists of nothing more technical than choosing which people to vouch for. The third role is the Ambassador, a user who grows the network by referring new members, typically rewarded with a boost to their earning rate for doing so. Ambassadors expand the network’s reach, though, as critics point out, referral-based growth is also the feature that draws comparisons to multi-level marketing.\nThe fourth and most technically significant role is the Node. Node operators run Pi’s node software on a computer, not a phone, and it is these computer nodes that perform the heavy lifting of actually running the consensus algorithm and validating transactions, using the trust graph that all the mobile users have collectively built. The four roles together describe a division of labor: Pioneers prove they are real and keep earning, Contributors supply trust, Ambassadors grow the network, and Nodes do the actual computational work of reaching consensus. Recognizing that the validation happens at the Node level, not on phones, is essential to understanding what mobile “mining” really is.\nWhat the daily tap really does\nHere is the honest core of how Pi mining works, the part that promotional descriptions tend to blur. When you tap the button each day as a Pioneer, you are not validating transactions, you are not running the consensus algorithm, and you are not securing the ledger in the way a Bitcoin miner secures Bitcoin. What you are doing is two specific things. First, you are confirming that you are a real human who is actively present, which keeps your account in good standing and keeps you eligible to receive PI.\nSecond, through your Security Circle and your ongoing confirmation of those trust links, you are contributing to the global trust graph that the network’s computer nodes use to reach consensus. Your phone is a source of trust data, not a validator. The crucial point, in Pi’s own words, is that the heavy lifting of running the consensus algorithm based on the trust graph still falls to computer nodes. The mobile phones create and confirm the trust relationships; the nodes use those relationships to do the actual work of validating transactions and securing the ledger.\nSo when a Pi user says they are “mining,” what is really happening is that they are feeding the security model with trust and keeping their reward stream active, while the computational securing of the network happens elsewhere, on the node layer. This is not a criticism so much as a clarification, because it explains both why Pi mining can be so effortless and why it is so different from what most people picture when they hear the word mining. The effortlessness is real because the user truly is not doing computational work. The contribution is real too, but it is a contribution of trust and presence, not of energy or computation.\nUnderstanding this distinction is the difference between thinking you are personally securing a blockchain with your phone and understanding that you are providing one input, trust, into a system whose actual validation happens on computers run by node operators. That is also why “mining” in Pi should not be evaluated with the same checklist as Bitcoin mining. The daily tap is closer to proof of participation and identity maintenance than to proof-of-work. The right question is not whether the phone solves blocks, because it does not, but whether the trust graph and node layer mature enough to secure a real network.\n\n\n\n\n\n                You might also like:\n            \n\n                Ripple’s IPO and the XRP holder payout: what holders would actually get            \n\nA worked example: how one Pioneer’s activity flows into consensus\nTo make this concrete, follow a single user through a day. Imagine a Pioneer named Maria who has had the Pi app for a few months. Each morning she opens the app and taps the lightning button, which starts a 24-hour earning cycle and credits her with PI at her current rate. That tap, on its own, simply tells the network that Maria is a real, active human and keeps her rewards flowing.\nSo far, nothing about the ledger has changed; Maria has only confirmed her presence. The part that feeds the network is Maria’s Security Circle. Some weeks ago, Maria added five people she knows personally, her sister, two close friends, a coworker, and a former classmate, to her Security Circle, vouching for each as a real, trustworthy person. Those five trust links are Maria’s contribution to the global trust graph.\nWhen the network’s computer nodes run the Stellar Consensus Protocol to agree on the next set of transactions, they draw on the vast web of trust relationships that Maria and tens of millions of other users have built. Maria’s five links are a tiny but real part of the overlapping trust sets, the quorum slices, that the nodes use to reach agreement, and because Maria’s circle connects to her contacts’ circles, which connect to theirs, her small contribution is woven into the larger structure that lets the whole network converge on a shared, valid history. If Maria also chose to run node software on her computer, she would move into the Node role and take part directly in the validation work; as a Pioneer with a Security Circle, she instead supplies trust that the nodes consume. The reward she receives for her daily tap is, in effect, payment for her presence and her trust contribution.\nThis is the full loop of Pi mining at the level of one person: tap to prove presence and earn, build a circle to contribute trust, and let the node layer turn that aggregated trust into consensus. The example also shows why Pi’s model is both accessible and contested. Maria did not need an ASIC miner, a warehouse, or a power contract, which is the whole point. But the quality of her contribution depends on the authenticity of her trust choices, and the strength of the network depends on millions of similar choices being honest.\nThe mining rate and why it falls\nA practical feature that surprises many new users is that the rate at which they earn PI is not fixed; it falls over time, by design. Pi built in a declining emission schedule loosely modeled on the way Bitcoin’s block reward halves over time, intended to create scarcity as the network grows. In Pi’s history, the base mining rate has dropped sharply at population milestones: it halved as the network crossed 1 million users, halved again at 10 million, and has continued to decline as the user base has grown into the tens of millions. A Pioneer today earns a small fraction of what early users earned for the same daily tap.\nThe logic is that rewarding early participants more generously bootstraps the network, while tapering rewards as it grows prevents the supply from expanding too fast and preserves some scarcity. On top of the declining base rate, a user’s actual earnings are shaped by multipliers tied to the roles described earlier. Building a Security Circle increases your rate, referring new users as an Ambassador adds a boost, engaging with apps in the ecosystem can contribute, and some users choose to lock up their PI for a period in exchange for a higher rate. So two users tapping on the same day can earn quite different amounts depending on how much they have contributed to the network’s trust and growth.\nAll of this sits against the backdrop of Pi’s very large maximum supply, on the order of 100 billion tokens, of which only a portion is currently in circulation. That large supply, combined with the way new tokens enter the market as users complete verification and move their balances onto the live network, is a structural factor that weighs on the token’s price, a dynamic worth keeping in mind alongside the mechanics of how the mining itself works. For readers following the market side, how mined Pi reaches the market explains why unlocks, migration, and supply absorption matter after tokens become transferable. The declining rate is, in part, the project’s attempt to manage that supply, rewarding participation while trying not to flood the market.\nRisks, criticisms, and what mining really secures\nAn honest explanation of Pi mining has to address the genuine criticisms and limits, because they go to the heart of what the model is and is not. The most fundamental point, already noted, is that mobile “mining” does not secure the ledger the way proof-of-work does. The daily tap proves presence and feeds the trust graph, but the actual validation runs on computer nodes, and the security of the whole system rests on the trust graph being authentic and on the node network being sufficiently decentralized and robust. That leads directly to the central criticism: the trust-based security model is debated.\nIts strength depends on real humans adding only other real humans to their circles, and skeptics question how reliably that holds at a scale of tens of millions of users, and how resistant the system truly is to manipulation if trust links can be gamed. Centralization is another recurring concern. For much of its life Pi has operated with significant control held by its founding team and foundation, including over key aspects of the network and the pace of its decentralization, which sits uneasily with the decentralized ideal that the consensus model is meant to embody. The node network that does the real validation is still maturing, and the degree to which it is truly decentralized is a fair question.\nCritics also point to the referral mechanics, the Ambassador role and its rewards for recruiting new users, as resembling the structure of multi-level marketing, where growth is driven by recruitment, and they note that the long period during which Pi could be mined but not traded or used invited skepticism about whether the tokens would ever have real value. There are technical limits too, including questions about the network’s transaction throughput and its capacity to serve a user base of its claimed size. None of this means Pi is necessarily a scam, a charge its supporters reject by pointing to its real technical development and large verified community, but it does mean a clear-eyed user should understand exactly what their daily tap does and does not accomplish. You are not single-handedly securing a blockchain with your phone.\nYou are providing trust and presence to a system whose validation happens on a node network, in exchange for tokens whose ultimate value depends on the project delivering real utility and decentralization over time. That is the honest picture of what Pi mining secures, and what it does not. For price-focused readers, where the mined token trades is a separate question from how the mining mechanism works. For consensus comparisons, another way networks reach consensus shows how other systems use locked capital rather than proof-of-work or Pi’s trust graph.\nFrequently asked questions\n\n\n\nIs Pi mining real cryptocurrency mining?\n\nNot in the way Bitcoin mining is. Bitcoin mining involves solving cryptographic puzzles with specialized hardware, consuming large amounts of energy, to validate transactions and secure the ledger. Pi mining involves tapping a button in an app once a day, which solves nothing and consumes no meaningful energy. What the tap does is prove you are a real, active human and keep you eligible for PI rewards, while the trust relationships you build feed the network’s consensus mechanism.\nThe actual transaction validation runs on computer nodes, not phones. So Pi uses the word mining, but mechanically it is closer to a daily proof-of-participation than to computational mining.\n\n\n\nWhat is the Stellar Consensus Protocol?\n\nThe Stellar Consensus Protocol, or SCP, is a way for a decentralized network to agree on a shared ledger without proof-of-work, created by computer scientist David Mazières. It uses a model called Federated Byzantine Agreement, in which each participant chooses for itself which other participants it trusts, forming what is called a quorum slice. Consensus emerges when these overlapping trust choices align across the network, so a decision spreads until the whole system converges on it. Because security comes from the structure of overlapping trust rather than from computational work, SCP uses little energy and can run on modest hardware, which is why Pi adapted it for mobile use.\n\n\n\nWhat does tapping the button actually do?\n\nTwo things. First, it confirms you are a real human who is actively present, which keeps your account in good standing and your PI rewards flowing. Second, combined with your Security Circle, it contributes to the global trust graph that the network’s computer nodes use to reach consensus. What it does not do is validate transactions or secure the ledger directly; your phone is a source of trust data, not a validator.\nIn Pi’s own description, the heavy lifting of running the consensus algorithm falls to computer nodes, while mobile users supply the trust relationships those nodes rely on. So the tap is about presence and trust, not computation.\n\n\n\nWhat is a Security Circle?\n\nA Security Circle is a small group of people, typically three to five, whom a Pi user personally knows and trusts and adds to their account, vouching for them as real, trustworthy individuals. On its own a Security Circle is just a few trust links, but Pi aggregates every user’s circle into a single global trust graph spanning the whole network. That graph is the mobile user’s real contribution: it feeds the consensus mechanism and serves as the network’s main defense against fake accounts, since genuine humans adding only other genuine humans makes it harder for bot armies to embed themselves in the web of authentic trust. The social authenticity of these circles is foundational to Pi’s security model.\n\n\n\nWhy does my Pi mining rate keep dropping?\n\nBy design. Pi built in a declining emission schedule, loosely modeled on Bitcoin’s halving, to create scarcity as the network grows. The base rate has halved at population milestones, dropping as the network passed 1 million and then 10 million users, and continuing to fall as it reached the tens of millions, so a Pioneer today earns a fraction of what early users earned. Your actual earnings also depend on multipliers from building a Security Circle, referring users, engaging with the ecosystem, and optional lockups.\nThe declining rate is partly an attempt to manage Pi’s very large maximum supply of around 100 billion tokens, rewarding early participation while trying to limit how fast new supply enters.\n\n\n\nIs Pi Network legitimate, or is it a scam?\n\nIt is truly debated, and this guide does not resolve it. Supporters point to real technical development, the adaptation of a respected consensus protocol, and a large verified community as evidence that Pi is a serious project. Critics raise concerns about centralized control held by the founding team, the maturity and true decentralization of the node network, referral mechanics that resemble multi-level marketing, the long period when Pi could be mined but not used, and questions about the network’s technical capacity. A clear-eyed view is that Pi is a real project with real open questions, and that any user should understand exactly what their daily tap accomplishes and treat the token’s ultimate value as uncertain instead of assured.\n\n\n\n\nThis article is educational information, not financial advice. Details of Pi Network’s mechanics, mining rate, supply, and development reflect information available as of June 28, 2026, and can change. Pi Network is a debated project, and its token’s value and future remain uncertain. Verify current details from official sources and consider your own circumstances before participating or making any decision.\n\n\n\n\n\n                Read more:\n            \n\n                CZ says AI, war fears and crypto cycle crushed 2026 market","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646671310","isCrawlerRequest":true}