The Easiest $100,000 I ever made…. Maybe.
How I mined $153,000 worth of crypto on my cell phone.
How I mined $153,000 worth of crypto on my cell phone.
RELEVANT UPDATE, added April 5th, 2024 :
What is happening with Pi???
The Pi crypto crashes in less than an hour…. or did it?medium.com
Have you heard of the PI network?
It’s a cell-phone minable cryptocurrency created by people at Stanford University.
Scroll to the bottom if you want to see the video version of this blog.
They’re aiming to create a broader distribution of their initial crypto before they actually launch it live to the world.
So right now it’s not available on any exchanges or anything like that.
But you can download their cell phone app, download it here. (The link will open your App Store)
Thank you for using my referral code “Solerift”.
You start mining right on your mobile device.
And, you create mining networks by sending invites or sharing your link online.
Once you sign several people up under you like I have, you’ll probably accumulate Pi relatively fast.
I’ve been mining for about two years, not really paying much attention to it.
It doesn’t take up any resources and it’s not going to make your phone get hot. It is a virtual mining based on consensus mechanisms.
When you hit the “mine” button, it is more or less just a daily check in.
Let’s take a look at what I’ve mined.
So far, 4843 Pi.
When you launch the PI app this is what you’re going to see.
When you get your daily notification that your mining has ended, you just open the app and tap that little button right there.
You can see where it has highlighted. Just click on that.
It’s going to confirm your security circle now. (People you have added)
I’ve invited a bunch of friends.
Those in your security circle are people who have verified their identity and are mining with you.
That kicks off the mining process.
And it presents a little ad — I can close right out of that.
I don’t have to sit through it.
And now let me relaunch the app and you’ll see that I’m mining.
In two years, I’ve accumulated almost 5000 PI.
I’ve got 13 people that mine with me.
You can increase your mining rate by doing various things like locking up your balance for a certain amount of time.
Once you get five in your security circle, you’re maxed out there.
You can still invite as many people as you want, but only 5 are part of your security circle, and these should be people that you know personally, or at least know online, and trust.
So What is Pi Even Worth?
Let’s go see what CoinMarket Cap gives for the value of PI crypto.
I’ve got about 4843.
So I’ll go ahead and round that up to 4850.
Coinmarket Cap is my favorite website for monitoring the value of cryptos.
And Market movement stuff.
I’m going to search over here on the right hand side for PI.
And look at that! $31 60.
So let’s do a little bit of math.
How much is my PI worth?
4850 x 31.60
$153,260 dollars. (a little laughter happens)
Now, all I’ve done for two years is open up my cell phone and tap a button.
Let me be clear — I am NOT convinced that when they actually launch this on MainNet, that the value is going to maintain.
But if we look, look at their one month, look at their one year, it’s holding value pretty well.
I mean, it spiked when we had the previous spikes along with the rest of the cryptos.
But it’s not like it’s just been a steady plummet.
And to be honest, if it launches at $1 and I get five grand out of just tapping on my cell phone, I mean, it’s a no brainer. I’d still do it anyway.
It’s been absolutely no work.
Receive a notification, tap mine, go back to ignoring it.
Highly recommend to download PI and see what happens.
If you’re a risk taker like me, the most you’re going to lose is that second of daily time where you tap the button.
If you don’t want to sit through the advertisement, all you have to do is close your app.
When you relaunch it, you’ll see that you’re mining again.
I’m sure they’re generating the money for their initial network off of these ads.
They’re going to shut down mining one day.
The purpose of launching their crypto this way seems to be to prevent “whaling”. To prevent investors with deep pockets from getting in and elevating the price before broader audience has a chance to get in and be part of that price discovery. (Just speculation)
So they’ve created a crypto intentionally only allowing people with their cell phones to mine it and accumulate coin for several years.
And now they’re only a few steps from launching their crypto on the main blockchain.
Once they go live with the main net version of their crypto, you will be able to push it to exchanges and sell it or trade it like any other crypto.
What is Pi worth today?
What will Pi be worth when it finally launches?
Don’t forget to use my invitation code, Solerift when you sign up!
Join my mining network with me, and let’s see if PI goes to the moon!
Update — July 12, 2024 : I recently discovered an interesting possible alternative to Pi. Check it out!
New Layer 1 Mobile Phone Minable Crypto - Check out Block DAG
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris
Automated Income Lifesyle w/ Chris Morton
I'm just a regular guy who automates my income. A few years ago I automated my primary business to the point where I…www.youtube.com