Pi Community has made some significant changes in its mining mechanism, which aims to make the network more decentralized, stable and long-term. In this news, we will understand these changes in detail, so that the pioneers can know what new things they have to take care of during the mining and how they can offer more Pi coin.
Decreased mining rate, exponational decay fashion is based
The mining system of Pi Community is based on an exponical decay fashion. This means that the amount of total mining rewards received every month with time decreases. This model ensures the longitarm stability of the network and also ensures that initial users get more rewards, while later users join users also get a limited amount of Pi coin.
Significantly, recently Pi Community Mainnet Migration’s New Roadmap Drop Has happened, after which there have been changes in the mining rate.
Base mining rate calculation
Every month a prescribed amount of Pi coin distribution is distributed and it is decided based on a gadget-wide bottom mining fee (BMR). The reward to each Pioneer is a multiplier of this BMR, which contributes to their network like:
Depends on the activities like. That is, the more the contribution to the network, the more reward.
Dynamic system
This mining system ensures that even if the number of users increases, only a limited quantity of PI coin is distributed. This does not cause inflation in the network and the price of the token is safe for a long time. This strategy makes Pi Coin a stable and planned digital asset compared to other cryptocurrency.
For information, let us know that recently Pi Community released pi tokenomics with 100B token supply Has done
Reward will increase with contribution to network
The purpose of PI is not just mining, but network building. This is the reason that Pi Community gives more rewards to those users who:
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Follow others to the network
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Create trusts in network
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Apply increases utility through apps
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Technically help in the strengthening of the network (eg node).
In this way, it is an innovative social & virtue pushed mining model replacing a traditional power or pos system.
Conclusion
The mining mechanism of Pi Community has now become a strategic and community process, not just a clicking task. According to the network, users who will actually contribute to the increase in the network, the same will offer more Pi coin in the future. In such a situation, the time has come that Pioneers should increase their contribution.
