Pi Network: How to Mining Pi Coin on HP and Understanding of PI IOU

Bittime - Pi Network (Pi Coin) is a crypto project launched in 2019. This project offers a unique mining method via mobile devices so that it does not drain battery or internet quota. 

Before launching on February 20, Pi Network had a PI IOU (I Owe U) token. What's that? Pi Read this article to find out what PI IOU is and how to mine Pi Coin on your cellphone!

What is PI IOU?

PI IOU is a token that is traded on several exchanges such as Huobi and Bitmart. This token is not a real Pi Coin, but rather a promise to provide real Pi Coins after the open mainnet is launched. 

In the crypto world, an IOU (I Owe You) is a speculative contract meaning the buyer is simply betting on the future potential of the project.

However, there is debate in the community about the validity of PI IOUs. Some users see it as high speculation because there is no guarantee that these tokens will be converted into real Pi Coins. 

Therefore, for those of you who are interested in buying PI IOU, it is recommended to be careful and understand the risks involved.

Read Also: Pi Network: Interesting Facts, Tokenomics, and Price at Listing

How to Mining Pi Coin on HP

Meanwhile, mining Pi Coin on HP different from traditional mining. Instead of using Proof-of-Work (PoW), Pi Network use Stellar Consensus Protocol (SCP). 

With this algorithm, users can mine Pi Coin just by pressing a button every 24 hours without having to run the application continuously.

Here's how to mine Pi Coin on HP.

1. Download the Pi Network app from Google Play Store or App Store.

2. Register account using Facebook or email address.

3. Create password the strong one.

4. Enter the invitation or referral code from friends or other users.

5. Start mining by pressing the 'Lightning' button in the Pi Network app every 24 hours.

Benefits of Mining Pi Coin on HP

You already know how to mine Pi Coin on HP, here are the benefits of mining Pi Coin on Pi Network that you need to know.

1. Does not require expensive hardware such as mining rigs.

2. Does not consume large amounts of power or internet quota.

3. Easy to use, even for beginners in the crypto world.

4. No need to provide sensitive data when registering.

Read Also: How to Buy Pi Network (Pi Coin) on CEX, Beginner's Guide!

How to Maximize Mining Pi Coin on HP

You already know how to mine Pi Coin on HP. Then, how afor more optimal results? Here's how you can maximize Pi Coin mining.

1. Mining consistently: Make sure to press the ‘Lightning’ button every 24 hours.

2. Invite friends: Use referral code to increase mining rate.

3. Join with security circle: Add trusted users into the security circle to increase mining speed.

4. Join app in Pi Browser: Several features in the Pi ecosystem can help increase rewards.

That's how to mine Pi Coin on a cellphone and the meaning of PI IOU tokens. Pi Network presents a new approach to the world of crypto mining with an easier and more user-friendly system. 

Read Also: Pi Network Price Prediction 2025 After Mainnet Launch!

Pi Network FAQs

What is Pi Network?

Pi Network is a crypto project that allows users to mine tokens directly from their mobile phones. The project is designed to be user-friendly and energy efficient compared to traditional mining methods such as Bitcoin.

How Does the Pi Network Work?

Pi Network uses a consensus model based on the Stellar Consensus Protocol (SCP) so users only need to open the application every day to mine. This activity does not drain the battery or device resources.

Is Mining Pi Network Tokens Free?

Yes, mining Pi Network tokens on the Pi Network app is completely free. However, users need to be active every 24 hours to press the "mine" button and maintain active membership in the network.

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Changelly, Pi Network Mining: Everything You Need to Know, accessed February 18, 2025.

Author: IPR