What is Cryptocurrency?
I know you have heard about Bitcoin which is a type of cryptocurrency. There are several types of cryptocurrencies such as Stellar Lumen (XLM), Ripple (XRP), Litecoin (LTC), Ethereum (ETH), and so on. In general, you can take the cryptocurrency as the digital money. The cryptocurrency is also interchangeable with physical currency and every cryptocurrency has its own value which changes regularly. For e.g. On 27th June 2020, the value of a bitcoin was 1104526.15 Nepalese rupees which is equal to almost 9135.45 USD.
Can I earn cryptocurrency for free?
Yes, for sure. But not for all type of cryptocurrencies. You can mine cryptocurrencies. For e.g. In the past, it was very easy to mine bitcoins. Those who had mined bitcoins in the past are now millionaires. However, mining bitcoins in the present day is very difficult as well as not worthier. You will get very little profit from mining the bitcoin. Don’t worry. You can still mine cryptocurrency such as Pi which is the currency provided by the Pi Network. You can even mine this currency from your smartphones.
What is Pi Network
You can call the Pi Network as the network which allows you to mine digital currency on your smartphone. You can mine Pi cryptocurrency on a daily basis and it is not so harder through Pi Network app. In fact, it is very easy for mining. If you start mining Pi Currency from today, you will be in advantage in the near future. Similar to them who have mined bitcoins in the past and now they are the millionaires.
The Pi Network has its own app in which you have to create your account and start mining. The app doesn’t drain your data or battery. However, the app has now started showing ads which is a bit uncomfortable to the users. You can follow the given steps to start mining.
Step by Step Guide
Step 1: Download and install the Pi Network app on your smartphone. For android users click here
Step 2: Choose one of the methods to create your account. Either touch on “Continue with phone number” or “continue with Facebook”.
Step 3: Choose a strong password and verify the password and click on the “Submit” button.
Step 4: Enter all the details in the boxes given. Type your First name, Last name and username then click on “Submit”.
Step 4: In the invitation code field type “miltey” and click on “Submit”
Step 5: Touch the green sign somewhat looks like the symbol of “thunder” or “energy” and start mining.
You need to open the app every 24 hours and click on the green button daily. If you miss clicking the thunder button then your mining will be inactive and the app doesn’t mine for you. So, after completion of 24 hours you need to open the app again and click on the green button. In the following figure, the green button is shown and the rate of mining is 0.88pi/hr.
Furthermore, you will mine at a lower rate in the beginning. However, if you invite more people and make them join the Pi Network then your mining rate will increase. You will also get a commission for inviting other people in the Pi Network.
What’s the benefit?
In the present day, the value of Pi currency is not so much. However, it is in the increasing phase. If there are more members and contributors the value of this digital currency will increase. Further, you will not be able to mine this currency when its value gets higher. Therefore, it is the best time to mine the digital currency and make your future bright.
If we are lucky and if the value of Pi currency increases similar to the value of bitcoin then we might be also millionaires in the future. So, start mining from today. Till now, there are more than 6 million active users in the Pi network who are mining the Pi currency.