Pi Network Review: Mine Pi Coins Directly From Your Phone

Pi Network is a mobile-first cryptocurrency project that lets you earn Pi coins directly from your phone, without needing expensive equipment or using a lot of electricity.

If you’re looking to learn how to earn cryptocurrency on your mobile phone in 2025, then you may have come across Pi Network.

This mobile-first cryptocurrency project lets users mine Pi coins directly from their smartphone, without needing expensive equipment like an ASIC miner or using a lot of electricity like Bitcoin. It runs on a mobile app and uses the Stellar Federated Byzantine Agreement (FBA) system, which relies on trusted user connections instead of powerful computers.

The goal is to make crypto mining easy and accessible for everyone, which is how the project claims to have over 70 million users in February 2025 as it moved from its closed testing phase to the Open Mainnet. This means users can now transfer Pi to external wallets and some exchanges.

But if you’re still searching ‘what is Pi Network’ or want ‘Pi coin explained for beginners,’ then keep reading. We’ll be taking a detailed look at the project to see how it works, who started it, and what makes it different from other cryptocurrencies.

This will be a full Pi Network overview, whether you’re already mining Pi or just curious about the project.

Key Takeaways

Here is a summary of our thoughts on Pi Network:

We’ll be taking a closer look at the system, what the coin is used for, the project’s tokenomics, and where it stands today. We’ll also cover the different roles users can play, from everyday miners to node operators, and the bigger vision that the Pi team is aiming for.

We’ll also be examining the main risks to consider. From delays in the mainnet progress to questions about centralization and regulation, there’s a lot to factor into your own analysis.

Our aim is to give a full and honest view of Pi Network, so whether you’re already using the app or just hearing about it for the first time, this guide will have you covered.

Terms You Need to Know Before Understanding Pi Crypto

Before we get into how Pi Network works, it helps to get familiar with some of the key terms you’ll see mentioned. Don’t worry, this won’t feel like homework. It’s just a quick glossary to make everything else click into place.

Mainnet: A blockchain network that’s fully launched and operational. On December 28, 2021, Pi launched its Enclosed Mainnet, kicking off the final stage of its development.

Payout: When a user’s unlocked coins become available in their balance on the mainnet. The first round of payouts began in January 2024.

Node: A computer that runs the Pi blockchain software and contributes to securing the network. Users can choose to become Node operators to play a more active role.

Stellar Consensus Protocol (SCP): A lightweight and energy-efficient protocol used by Pi to process transactions and maintain the blockchain. It’s known for its speed and scalability.

What is Pi Network (Pi)?

Pi Network is a crypto project built around a simple but ambitious idea: let anyone mine cryptocurrency without needing a fancy computer or a lot of electricity. Instead, all you need is your smartphone. It’s powered by the Stellar Consensus Protocol (SCP), which doesn’t use up energy like Bitcoin mining does.

The goal is to make cryptocurrency accessible to ordinary people, not just tech-savvy miners or early adopters.

You mine Pi through a mobile app and it’s a system that relies on trusted user connections. It’s not just about the tech; they also care about how it impacts people.

Once you’re in the app, you become a ‘Pioneer,’ someone who checks in daily to mine Pi coins and contributes to securing the network with small tasks. There’s also a bit of a social twist. Users are encouraged to form ‘Security Circles’ with people they trust. It’s not just for fun; these circles help validate transactions and keep the network safe.

At its core, Pi Network is trying to make crypto less intimidating and more usable. There’s no steep learning curve or huge financial barrier, just a mobile app and a bit of daily engagement to get started.

Our Take on Pi Network Crypto

Pi Network is taking a different route from the usual crypto projects. Instead of demanding powerful computers and high electricity bills, it invites users to mine crypto from their phones. No wires, no fans whirring like jet engines, just a daily tap and you’re in. It’s a simple concept that aims to open the door to people who wouldn’t normally be able to participate.

The project also has a strong focus on community. Users are encouraged to invite their friends and family to join the network. It’s a unique approach that could help Pi reach a wider audience.

However, Pi Network has also faced some criticism. Some experts have raised concerns about the project’s progress, noting that it has