“Pi mining rate reduced by 5.58% in December, signaling the end of free mining opportunities. #PiNetwork”
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JUST IN : The base mining rate in December was changed by ~5.58% compared to November from 0.0089927 to 0.0084912 Pi/hr.
The opportunity to mine Pi for free seems to be closed!@PiCoreteam #PiNetwork pic.twitter.com/sZcf8BeLau— Pi Spread🔥 (@Pi_Spread) December 2, 2023
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Title: Pi Network Adjusts Base Mining Rate, Restricts Free Mining Opportunities
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Date: December 2, 2023
Pi Network, a popular cryptocurrency mining platform, has made significant changes to its base mining rate, reducing the opportunity for users to mine Pi for free. The adjustment, implemented in December, has sparked concerns among Pi Network enthusiasts.
According to a tweet by Pi Spread, a well-known Pi Network community account, the base mining rate in December experienced a decrease of approximately 5.58% compared to November. The rate dropped from 0.0089927 Pi/hr to 0.0084912 Pi/hr. This change has led many to believe that the era of free mining on Pi Network has come to an end.
The Pi Network, founded by Stanford PhDs Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, aims to create a decentralized cryptocurrency that can be easily mined using smartphones. The network gained immense popularity due to its promise of enabling users to accumulate Pi coins by simply interacting with the mobile app. This innovative approach attracted millions of users worldwide.
The adjustment in the base mining rate has raised concerns among Pi Network users who were mining Pi coins without any significant investment. As the mining rate decreases, users will have to dedicate more time and resources to mine Pi coins, diminishing the ease and accessibility that made the platform so appealing.
Pi Network has not provided an official statement regarding the change in the mining rate. However, the tweet from Pi Spread has caught the attention of the community, with many users expressing their disappointment on social media platforms. Some users feel that the change undermines the initial vision of Pi Network, which aimed to provide an inclusive and user-friendly platform for cryptocurrency mining.
Despite the concerns, Pi Network continues to enjoy a dedicated user base and has plans for future developments. The platform has been actively exploring partnerships and collaborations to enhance its ecosystem and attract more users.
It is important to note that the Pi Network is still in its testing phase and has not been listed on any major cryptocurrency exchanges. The value of Pi coins mined on the platform remains uncertain until it is fully launched.
As the Pi Network adjusts its base mining rate, users will need to adapt to the changes and evaluate the feasibility of continued participation. Pi Network’s decision to restrict free mining opportunities raises questions about the future direction of the platform and its commitment to maintaining an inclusive community..
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@Pi_Spread said JUST IN : The base mining rate in December was changed by ~5.58% compared to November from 0.0089927 to 0.0084912 Pi/hr. The opportunity to mine Pi for free seems to be closed! @PiCoreTeam #PiNetwork twitter.com/i/web/status/1…
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