Pi Network Review 2024: Legit or Scam?

If you are a collector of cryptocurrencies or you love trading them, Pi Network is looking for people like you. If you want to start mining cryptocurrencies but have no idea where to start, you can consider joining Pi Network today. Furthermore, if you want to own cryptocurrencies but you don’t have enough money to start collecting or mining them, please, go over to the Pi Network platform and open your account. A platform is also a place for people like you.

At Pi Network, you can own a mining rig and start building up your cryptocurrency wallet without investing a dime. Well, you need to buy a mobile phone that can access the internet to start off. But, if you have a smartphone and its operating system is Android or iOS (for iPhones), then all you need to start mining Pi (the cryptocurrency Pi Network will pay you with) internet data. Yes, it’s as good and simple as that.

But, before joining the Pi Network, you have to sit back and ask yourself some questions. For instance, you should ask yourself things like, “Is Pi Network legit?” “How do I make money at Pi Network?” “How will Pi Network pay me?” “Is Pi Network a scam?”

As you think over these questions, I need you to understand that I am here to give you a brief hint on what Pi Network is all about so you will know whether it is worth the effort.

In this Pi Network review, you are going to find out how the platform works, the different ways you can make money on the platform, the payment method you will be paid with, and so much more. So, stay with me while I take you around the Pi Network platform to look at what it offers you.

How Does Pi Network Work?

The first question I asked myself before joining the Pi Network platform was, “How does Pi Network work?” This was because I searched through the Pi Network website but couldn’t get as much information as I needed. In fact, there was nothing much there for me to use and understand how to go about the platform. So, based on my own experience, I guess you, too, are asking yourself the same question, and you would want some answers. But you shouldn’t worry because I’m here to do the much I can to explain how you can go around Pi Network and start earning.

In the first place, Pi Network is an app. It is not just any app but a mobile app. So, you have to use only your mobile devices to work here. But the good thing is that the app is compatible with iOS and Android operating systems. So your iPhone, Android smartphone, and tablets are your best asset right now.

So, for you to download this app, you need to visit Google Play Store (for Android smartphones and tablets) or the App Store (for iPhones). There, you will download the Pi Network app for free. Yes, Pi Network is a free app. You are not going to pay a dime to download and use it. That’s a big plus for the network.

Now that you have downloaded the Pi Network app, the next thing you have to do is to create your Pi Network account. You may need a referral code to be able to complete your account registration process, depending on what the app requests presently. Nevertheless, you can always come back here for that if you meet any hitches. But remember to go for a username and password. You will always remember to create this account. You may not be able to retrieve your account if you forget any of these.

Now that you have created your account, it’s time to start mining and gathering your Pi. You can see that using the Pi Network app is as simple as A-B-C. So, if you have been wondering whether you must become tech savvy to be able to start mining the Pi cryptocurrency, well, maybe this will let you know that it doesn’t work that way. All you need to make some money here is a phone that is compatible with the app, internet access, and a few minutes a day to visit your mining rig. 

How to Make Money on Pi Network?

Now that you have seen how Pi Network works let’s look at how you can make money with the app. Here, we will only look into making money from mining and inviting people to the platform. When you join the platform, you can find other minor ways of collecting Pi.

Making Money on Pi Network through Mining

You can majorly earn on Pi Network by mining the cryptocurrency. Here, you don’t have to do any work except to make sure you visit your mining rig every 24 hours. By mining rig here, I mean the app. So don’t feel overwhelmed by the word.

Now, how do you make money on Pi Network through mining?

This is simple. After you login into your account, you will find what looks like a lightning bolt sign on the right side of your screen. If you’re wondering what a lightning bolt sign looks like, look at the energy symbol shown on your phone while it’s charging. So, when you login into your account, you should look for this symbol and then click it. That’s all.

You have started mining when you click this lightning bolt button, which will continue for the next 24 hours. You don’t need to visit the app again until the 24 hours elapse. But you should remember to come back then and click this button again, so you will set off the mining job for another 24 hours. As you do this, your Pi will continue to increase.

The number of Pi you will earn every day depends on a lot of factors. Remember I told you earlier that you need internet services to be able to mine. This means that even if you start your mining duty but stay in a zone that has no internet access or is disrupted often, your mining reward will be affected.

However, if all is well, the basic amount of Pi cryptocurrency you will receive every hour for just turning on your mining machine without doing any other thing is 0.10 Pi. So, when you multiply this by the 24 hours that make up a day, you will have approximately 72 Pi for doing almost nothing. Honestly, this is the right time to start gathering your Pi, so you will be among the first to cash out when it is ripe.

Pi Network Referral Programme

The Pi Network referral programme is code-named “Ambassador”. That is, when you start inviting people to the platform, you will become an ambassador. Note that this earning feature is the same as that of any other referral programme you find at survey and rewarding sites. The only difference here is that instead of Pi Network paying you commissions for your referrals, it will increase your mining rate by 25% per hour.

Now, before you start jumping up in jubilation, you need to understand how this referral programme works.

So, when you want to invite someone to join the Pi Network platform, login into your account, then find “Roles” and search for “Ambassador”. Then, click on the “Invite” tab that is situated on the right-hand side of “Ambassador”. Follow the prompt that pops up when you click this tab so you can find your Pi Network ambassador code.

This code is what you have to share with your networks, and encourage them to input it in the space reserved for it while they register their accounts. Remind them that they may not be able to complete their account registration process without providing the code. Nevertheless, Pi Network may have changed that part by now.

Now, while looking for referrals, be sure to go for people that are willing to mine Pi. This is because the 25% increase in the mining rate you will receive for each of your referrals can only be active and awarded if both you and your referral mine. If any of you forgets to click the mining button every 24 hours, the 25% mining rate increase will not count. That means you will mine at the basic rate. So, always go for people that are as enthusiastic as you.

You should consider using this earning feature to make money on Pi Network because the 25% mining rate increase is applied to each of your referrals. If you referred ten persons and the eleven of you mine every day, you will receive 25% x 10 x 0.10 every hour. When you calculate this in days, weeks, and months, you can see how your Pi will continue to climb astronomically. The good thing here is that you don’t have to do any work other than sending your ambassador code and turning on your mining button every 24 hours.

Is Pi Network Legit?

One of the reasons people worry that Pi Network might not be legit is because it is almost impossible to mine cryptocurrency without investing heavily in the project. Well, if you remember that Bitcoin started this way Pi Network is going right now, you will cease to be afraid that Pi Network may be a scam.

For now, Pi Network is growing like a social network. It only needs to have as many people like you as possible who are enthusiastic about building up their mining rig while the company works on how they can move out their bounty. Remember, you won’t pay anything to join or mine on this fertile ground. So you don’t have to be afraid of losing your money or investment. For now, you should just have fun mining your Pi and watching them grow. That’s all there is for now.

Another good thing about Pi Network is that you won’t submit any sensitive information to Pi Network. This means you are completely safe when you join the platform.

So, if you are still asking, “Is Pi Network a scam?” the answer is “No, it is not”.

Payment Method at Pi Network

Pi Network is a platform for mining Pi, so you will only receive your rewards in Pi. However, this cryptocurrency is still at the mining stage, so you won’t be able to cash out your rewards yet. Nevertheless, the platform is working seriously on launching the open network so the miners can move their Pi and exchange them for other goods.

Now, before you lose hope, you need to understand that cryptocurrency mining requires a lot of patience and time. This is the stage where you can accumulate this cryptocurrency without investing a penny. So, you have nothing to lose by joining the platform and so much to gain when it starts paying.

But what I love about this platform is that you don’t have to do any work, and the app won’t disrupt your activities.

Payment Proof

Of course, there is a lot of evidence that Pi Network rewards its users with Pi. You can even find them in the Pi Network app’s positive reviews on App Store and Google Play Store. So, you don’t have to worry about working for the company and being paid nothing.

However, as I said earlier, you can’t take out your Pi right now because the cryptocurrency is still at the mining stage. But you can watch your Pi grow. I think we can hold onto that for now until it is possible to withdraw and exchange Pi.

Pros

• The app is free.
• The mining does not drain the battery life.
• The Pi Network app can work in the background.
• You can increase your mining rate through the Pi Network referral programme.
• You won’t invest any money to mine and collect Pi.

Cons

• It hasn’t started paying yet
• You can only mine when the app is active.
• You won’t be rewarded if you fail to visit the app and click the energy button.
• A bad internet network will disrupt your mining.
• There is no app for laptops and PCs.
• You must provide an invitation code before you complete the registration process.

 Final Thoughts

Pi Network is a work in progress. It is a cryptocurrency mining rig that can allow you to collect lots of crypto without paying a penny. It is a platform that is best for miners and people who are still new to cryptocurrency. If you belong to any of these groups, Pi Network is for you.

There are a lot of amazing things about Pi Network that you must have noticed. First, it won’t collect money from you to download the app or start mining – it is free. Secondly, you can increase your mining rate by referring someone to the platform. And thirdly, you can mine without disrupting your activities, including the ones you do with your phones. So, you won’t feel any pinch when you use this app.

The only challenge with this platform is that you can’t withdraw your Pi yet. Every Pi you collect will be in your wallet until the door is open to remove and exchange them for other goods. But, if you are willing to wait for this door to open while you collect more Pi, please, go ahead and create your Pi Network account.