Pi Network Hits 97 Million Accounts, Prepares for New Era of Mining

The Pi Network is rapidly approaching a historic milestone, with the total number of accounts nearing 100 million. As the community nears this achievement, the Pi Core Team is preparing a significant update to its mining system, marking the beginning of a new phase for the platform.

Major Changes to the Mining System

The update, set to launch when the Pi Network reaches 100 million accounts, will introduce a reduction in mining speeds. This change will make it more difficult for users to mine Pi, ensuring the cryptocurrency’s scarcity and helping to maintain its potential value as the network grows.

The mining rate reduction is designed to keep the supply of Pi in check, preventing an oversupply that could diminish its value. For existing users, this change presents an opportunity to increase their mining activity before the update takes effect. Once the new system is implemented, users will mine Pi at a significantly slower rate, with early adopters potentially benefiting the most.

The Impact of Reduced Mining Rates

The reduced mining rate will benefit long-time users who have accumulated Pi from the network’s early stages. As new users will mine at a lower rate after the update, early participants may see the value of their holdings increase. This change is expected to create a sense of urgency among users, prompting them to mine as much Pi as possible before the new system goes live.

This strategic move is also designed to encourage competition, as it will be harder to mine Pi after the update. The goal is to balance the supply of Pi while preserving the currency’s value.

Why Is Pi Network Growing So Quickly?

Pi Network has gained rapid popularity due to its innovative approach to accessibility. Unlike traditional cryptocurrencies that require powerful computers and high energy consumption, Pi allows users to mine cryptocurrency directly through a mobile app. This mobile-based mining system makes Pi accessible to a broader audience, including those without specialized devices or access to expensive mining equipment.

The Pi Network model has proven especially attractive in underserved markets, where financial services or traditional banking are limited. This inclusivity has helped Pi Network attract millions of new users, many of whom are entering the world of cryptocurrency for the first time.

What’s Next for Pi Network?

As the network approaches 100 million users, the Pi Core Team is encouraging participants to maximize their mining efforts before the update. This final push could allow users to accumulate more Pi before the mining rate reduction takes effect.

Looking ahead, the mining system update is just one part of Pi Network’s larger strategy to build a sustainable and inclusive cryptocurrency ecosystem. After the update, Pi is expected to move closer to its Open Mainnet phase, where users will be able to fully access and exchange Pi tokens.

A Historic Milestone for Pi Network

Reaching 100 million users is a significant achievement for Pi Network, and it represents a major milestone in the cryptocurrency landscape. Pi Network’s focus on accessibility and inclusivity has attracted a diverse user base across the globe, including many new entrants into the world of digital currencies.

As Pi Network transitions into this new mining model, the community will face both opportunities and challenges. However, with 100 million users on the horizon and major updates in the works, Pi Network is poised to achieve even more milestones in the coming months.