Tai Bui’s Pi Node farm in Hoai Nhon district, Binh Dinh Province, Vietnam currently has 250 PCs running continuously, generating over 3,000 Pi every day, according to the local newspaper Vnexpress.

The Pi Node farm was built since November 2020, initially with only four computers of Tai and his relatives, along with 10 computers operated and taken care of by friends. Currently, the total number of operating Nodes is over 250.

“People did not have sufficient qualifications and experience to operate, did not have time to take care, and the electricity and network sources were not stable, so they assigned me to take charge”, Tai said.

Pi Node is software that runs on a computer with the role of creating and storing Pi. Unlike smartphone applications that play the role of registering, logging in, recovering accounts, and “checking in” to receive Pi, Pi Node is responsible for verifying transactions in the Pi Network system.

On online forums, many people said they have invested thousands of dollars to run Pi network nodes, even though this cryptocurrency has no value and cryptocurrency transactions are not yet allowed in Vietnam.

The PC system operates on an individual basis, with each Pi account running on one node and using a dedicated network line. Tai Bui subscribed to an internet package with a minimum speed of 80 Mb/s and a minimum international bandwidth of 2 Mb/s. The cost for electricity each month is over $3,000, and the internet bill is $3,500.

Two technical employees take care of and maintain the equipment, and three online support staff are paid based on their working hours. The machines are kept in a cold room, with a temperature maintained between 20-23 degrees Celsius, so the failure rate is quite low.

The PCs are equipped with two powerful configurations. One version uses a Xeon E5 2686 v4 CPU with 18 cores and 36 threads, 32GB of RAM, a 500GB SSD, and a Gigabyte N210 graphics card. The higher-end version uses two Xeon E5 2686 v4 CPUs and 64GB of RAM. With an average price of 25 million Vietnamese dong per machine, this Pi Node farm is worth over $250,000.

The steel support system is designed to have extra capacity to accommodate new machines, supporting up to around 500 Nodes.

Mr. Tai said that with a locking mechanism of 90-100% over 3 years, the entire Node will generate about 3,000 Pi per day. He predicts that this number will decrease significantly if the Pi Network team makes adjustments in the near future.

Pi Network appeared in 2019 and gained popularity in Vietnam in early 2021. According to statistics from Pi-blockchain, Vietnam is one of the three countries with the largest number of Pi Nodes in the world, with over 14,000. South Korea is in the lead with 23,000, followed by China with 18,000. However, this cryptocurrency has been repeatedly warned by experts about the lack of transparency and the potential for user information collection. After nearly four years, Pi still has no value, and the status of the project is still “closed mainnet”. In addition, trading in this type of cryptocurrency is not allowed and is a violation of Vietnamese law.

#PiNetwork #PI #crypto2023 #azcoinnews #Vietnam

This article was republished from azcoinnews.com

The Pi Network Core Team (PCT) has responded to the community’s concerns about the lack of a timeline for open mainnet. In a recent blog post, the PCT stated that they are committed to launching open mainnet as soon as possible, but that they need to take the necessary time to ensure that the Pi Network is ready.
The PCT highlighted a number of factors that are contributing to the delay, including:
The need to ensure that the Pi Network is scalable and secure.The need to develop a robust ecosystem of Pi-powered applications and services.The need to complete the KYC verification process for all Pioneers.
The PCT also stated that they are working on a new roadmap that will provide more clarity on the timeline for open mainnet. This roadmap is expected to be released in December 2023.
What to Expect from the Pi Network Roadmap V2
The Pi Network Roadmap V2 is expected to provide more information on the following:
The specific steps that the PCT needs to take before launching open mainnet.
The estimated timeline for completing each of these steps.
A more concrete date for the open mainnet launch.
The PCT has stated that they are committed to transparency and communication with the Pi Network community. They have also stated that they are committed to launching open mainnet as soon as possible.
The Pi Network community is eagerly awaiting the launch of open mainnet. However, it is important to be patient and understand that the PCT needs to take the necessary time to ensure that the Pi Network is ready.
The upcoming Pi Network Roadmap V2 is expected to provide more clarity on the timeline for open mainnet. In the meantime, Pioneers can continue to mine Pi coins, test out Pi Network applications, and participate in the Pi Network’s various testnet programs.#PI #PiNetwork

Pi Bridge is celebrating its first anniversary by incentivizing users with 500 PIB worth of rewards.

Summary

Pi Network introduces advancements like PiBridge and potential trading platforms, aiming for global crypto engagement.

PiBridge celebrates its first anniversary with the 'EXPERIENCE PIBRIDGE' Airdrop Program, offering 500 PIB tokens as rewards.

Participants can convert PIB tokens to fiat or use them for transaction fees on the PiBridge exchange.

Users should conduct thorough research before participating due to potential risks in cryptocurrency ventures.

Pi Network has garnered much anticipation and interest in the blockchain industry. With innovative introductions like PiBridge and potential advancements in trading platforms, the mobile mining network is positioning itself at the forefront of global cryptocurrency engagement.

Stretching Horizons: The Expansion of Pi Network

The Pi Network's journey has been marked by progressive steps, each aimed at broadening its user base and increasing its impact. Two significant milestones that might impact its journey are:

1. Trading Platform: The establishment of a dedicated trading platform not only amplifies the value of Pi coin but is also a crucial instrument in the network's global outreach. By facilitating the seamless transfer of value, this platform is anticipated to usher in a new wave of crypto enthusiasts.

2. PiBridge: As the pioneer P2P exchange on the Pi Network, PiBridge has become a catalyst for the network's unparalleled growth. Over the past year, its role in furthering the expansion of the network has been undeniable.

Celebrating Milestones: The 'EXPERIENCE PIBRIDGE' Airdrop Program

To mark its impactful first year, PiBridge has rolled out an extensive Airdrop program named 'EXPERIENCE PINRIDGE - EARN PIB TOKEN REWARDS.’ The idea of this initiative is to incentivize participants with PIB tokens, rewarding them for their activity within the PiBridge application.

Prospective participants can look forward to:

- Engaging with the app and completing six delineated tasks, as shared in the tweet above.

- Tapping into a generous prize pool boasting a total of 500 PIB tokens.

- The flexibility of converting these PIB tokens into fiat currency or using them to offset transaction fees linked with Pi deposits and withdrawals on the exchange.

The underlying purpose of this Airdrop program is evident: to propel greater participation within the Pi Network's ecosystem and to champion the use of the PiBridge platform for an array of trading actions.

A Word of Caution

While the horizon looks promising, it's paramount that users tread with caution. Participation in cryptocurrency-related ventures, including this Airdrop program, demands meticulous research and a comprehensive understanding of the associated risks. As always, Do Your Own Research (DYOR). 

Conclusion

The Pi Network, with its forward-thinking initiatives, continues to set the pace in the crypto domain. As it advances, platforms like PiBridge remain a beacon for those keen on exploring the vast potential of cryptocurrency. However, as with all ventures in this realm, due diligence remains the cornerstone of safe and informed participation.

What is Pi Bridge:

PiBridge is a hybrid all-in-one financial application platform combining both DEX and CEX models with multi-chain & cross-chain AMM, farming, lending, fundraising platform (launchpad), prediction, NFT, and more features. All products will be developed with Pi Network as the base.

What is Pi Network:

Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.

*Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#PiNetwork #PI

In a jaw-dropping surge, Pi Network experienced an astronomical 1,260,000% gain on Atlantis Exchange, propelling its value from $25 to an astonishing $315,000. Holders of Pi are witnessing not just a spike but a full-blown cryptocurrency supernova.This meteoric rise places Pi among the fastest-growing digital assets in history, leaving even the most seasoned blockchain enthusiasts astonished. What initially began as a modest mobile mining project has now evolved into a potential financial juggernaut, with early adopters reveling in the prospect of a life-altering windfall.The catalyst behind this cosmic ascent lies in Atlantis Exchange, a disruptive FinTech platform renowned for its state-of-the-art technology and commitment to democratizing access to global markets. Recognizing the vast potential of Pi’s user-friendly mining and its expansive global community, Atlantis’s bold decision to list Pi proved instrumental in this unprecedented surge.However, this surge is more than just numerical fireworks. It signifies the advent of a new era where individuals, ranging from tech-savvy millennials to the elderly next door, can actively participate in the cryptocurrency revolution. Pi’s emphasis on a mobile-first approach, coupled with Atlantis’s user-friendly interface, dismantles barriers, transforming intricate financial tools into accessible instruments for all.This moment is the awakening of Pi, the once-sleeping giant. It marks the juncture where ordinary people seize control of their financial destinies. The walls separating traditional finance from the future of money are crumbling, and the resonance of this extraordinary event will undoubtedly echo throughout the cryptocurrency landscape.As the world witnesses Pi Network’s spectacular ascent, the reverberations extend beyond the realm of mere financial statistics. This surge is symbolic of a broader paradigm shift, where the democratization of finance takes center stage. Pi’s meteoric rise signals the empowerment of individuals, irrespective of their background or familiarity with the intricacies of traditional financial systems.The collaboration with Atlantis Exchange serves as a testament to the transformative potential when innovative technology aligns with a commitment to inclusivity. Atlantis Exchange’s decision to embrace Pi underscores a shared vision of making cryptocurrency accessible to the masses, echoing the ethos of blockchain technology itself — decentralization and accessibility.#PI #PiNetwork

The Pi Network, a mobile blockchain that aims to make cryptocurrency accessible to everyone, has been in the news lately for its SocialFi and other testnet projects. However, many are wondering when the Pi Network mainnet will finally launch.
SocialFi is a new category of decentralized finance (DeFi) that combines social media with finance. It allows users to earn rewards for interacting with social media platforms, creating and sharing content, and connecting with other users.
Several SocialFi projects have already launched on the Pi Network testnet, including PiVoice, PIBBS.CHAT, Connectinglive.com, and PiChat. These projects allow users to do things like earn Pi by recording and sharing voice messages, publishing paid content, buying and selling services, and connecting with friends and family.
In addition to SocialFi, there are also a number of other projects under development on the Pi Network testnet, including games, entertainment platforms, and consumer utilities.
The Pi Network team has not yet announced a date for the mainnet launch. However, they have said that they are committed to launching the mainnet as soon as possible, once they are confident that the network is ready and secure.
In a recent update, the Pi Network team said that they are currently in the execution stage of Roadmap Version 2. This stage includes the development of the mainnet blockchain, as well as the Pi wallet and other Pi Network applications.
The team also said that they are not planning to launch the mainnet in 2023 or 2024. However, they have said that they will keep the community updated on their progress and announce a mainnet launch date as soon as possible.
What does this mean for Pi Network users?
The fact that there are a number of SocialFi and other projects under development on the Pi Network testnet is a good sign. It shows that there is a lot of interest in the Pi Network and that developers are seeing it as a viable platform for building new applications.
However, it is important to remember that the Pi Network is still in its early stages of development. The mainnet has not yet launched and there are still some risks involved in using the Pi Network.
If you are interested in using the Pi Network testnet, you can download the Pi Network app from the Google Play Store or the Apple App Store. You can then create a Pi account and start earning Pi by mining on your phone.
It is important to note that the Pi coins you earn on the testnet will not be transferred to the mainnet when it launches. However, the Pi Network team has said that they are working on a way to reward Pi Network pioneers for their contributions to the testnet.
The Pi Network is a promising project with a lot of potential. However, it is important to be patient and to understand that the project is still in its early stages of development.#PI #PINETWORK #PiNetwork