You mined incorrectly! Pi Network hidden mechanism revealed, active miners earn 663%.

Millions of users have just discovered that they have been mining Pi resources in the wrong way all along. A blog post published by ALOSA π on X reveals how the Pi Network secretly creates real value. Active miners can earn 0.0267 π per hour, with earnings increased by 663.69%, and rewards increased by 1.47 times.

ALOSA Reveals the Economic Truth Behind Pi Network Contributions

(Source: X)

A new blog post about Pi Network has sparked heated discussions in the cryptocurrency community. ALOSA π (@maxwell_alosa) pointed out that the value system of Pi Network does not rely on traditional mining rewards. He stated that the value creation of the project comes from contributions rather than speculation. Each application developer, node operator, and validator brings quantifiable value to the ecosystem. His remarks immediately drew the attention of millions of Pi miners worldwide, who began to question the actual functioning of the Pi economy.

Pi Network is based on the concept that users can create value through its use. The project does not rely on energy-intensive proof-of-work mining, but attributes value to community participation. ALOSA pointed out in a blog post that all activities, such as transaction validation, application development, and node operation, are part of an ever-expanding trust network. He emphasized that Pi is not a reward mechanism, but rather a chain of economic legitimacy. With this shift in concept, Pi Network is no longer a token economy, but a well-functioning participatory economy.

This concept stands in stark contrast to the logic of current mainstream cryptocurrencies. The value of Bitcoin and Ethereum primarily stems from market speculation and scarcity, whereas Pi Network attempts to establish an economic model where value is directly linked to user contributions. If this model can succeed, it will provide a new paradigm for value creation in the cryptocurrency industry.

Mining data reveals complex rewards structure

(Source: X)

The screenshots attached to the post reveal some interesting information about the instant mining process. Miners earn 0.0267 π per hour, plus a base mining rate of 0.0027 π per hour, resulting in a total revenue increase of 663.69%, and the rewards mechanism has increased production by 1.47 times. All components are crucial. This data indicates that Pi Network rewards not inactive holders, but users who participate in mining.

The Four Components of the Pi Network Rewards Mechanism:

Basic Mining Rate: 0.0027 π per hour (all users' base earnings)

Security Circle Rewards: 100% profit increase (obtained through trusted user networks)

Locked rewards: Up to 463.69% (rewards for long-term holding of Pi)

Practical Usage Rewards: 0.47x increase (incentivizing frequent users of Pi applications)

The Security Circle achieves a 100% increase in earnings through trusted users. The Security Circle is a unique trust mechanism of the Pi Network, where users need to invite 3 to 5 trusted contacts to join their Security Circle. These contacts verify each other's identities, forming a decentralized KYC network. Users who complete the Security Circle can receive double the base mining rate, and this design cleverly combines network security with economic incentives.

A locked reward of up to 463.69% is a reward for long-term holders of Pi. Users can choose to lock the mined Pi tokens for months or even years; the longer the lock period, the higher the reward multiplier received. This mechanism effectively reduces the circulating supply, lowers sell pressure, and rewards users who have long-term confidence in the project. From an economic perspective, this is a time preference incentive design that distinguishes short-term speculators from long-term builders.

The utility rewards valued at 0.47 have incentivized frequent users of the Pi application. Hundreds of decentralized applications have already emerged within the Pi Network ecosystem, covering various fields such as e-commerce, social networking, and gaming. Users who transact using these applications can receive additional mining rewards, a design that promotes the actual circulation of Pi tokens and the development of application scenarios.

By adding these components, active and highly engaged Miners can earn Pi tokens per hour that are several times more than users who only perform basic mining. This differentiated rewards structure explains why ALOSA refers to many users as “mining Pi the wrong way.” Users who simply click a button once a day can only receive the minimum basic earnings, while those who build secure circles, lock tokens, and actively use Pi applications may earn more than seven times that of the former.

40 million users build a trust economy network

Pi Network was founded in 2019 by two Stanford University PhDs, Nicolas Kokkalis and Chengdiao Fan. The two founders aimed to develop a cryptocurrency that anyone could use and mine via mobile phones. Today, the project has over 40 million users, with more than 10 million users having completed KYC verification (it has been six years since the project started).

A scale of 40 million users is extremely rare in cryptocurrency projects. In comparison, the global user estimate for Bitcoin is about 300 million, while Ethereum has around 200 million. Although the Pi Network has not fully opened its mainnet, its user base has already reached one-tenth of mainstream cryptocurrencies, and this growth rate demonstrates the effectiveness of “mobile mining” in lowering the entry barrier. More importantly, these 40 million users are not just holders, but active participants in the trust network of Pi Network.

The mining method of Pi Network is for users to open the application daily and create a trust circle. The system records users' contributions and issues rewards in real-time. This business model constructs a digital economic system based on cooperation and openness. Unlike Bitcoin, which requires expensive mining machines and electricity, and Ethereum, which requires at least 32 ETH to run a validation node, Pi Network allows anyone with a smartphone to participate in network security and value creation.

10 million KYC certified users is another key indicator. KYC (Know Your Customer) certification is the core mechanism of Pi Network to ensure “one person, one account,” preventing bot and multiple account attacks. Analysts point out that Pi Network has an authoritative verification process, claiming to verify over 1,000 types of documents from more than 240 countries/regions, further confirming its legitimacy. This strict identity verification is relatively rare in the cryptocurrency space, but it is crucial for establishing a real trust network.

Today, millions of miners have realized that their participation determines the strength of the network. Token locking, peer verification, and Pi applications can enhance mining rewards. Posts on ALOSA reveal that active users can multiply their mining efficiency several times. This model does not rely on speculation. If the Pi Network can link contributions to actual value, it could reshape how people measure wealth in the Web3 ecosystem.

ISO 20022 Compliance and Mainnet Open Prospects

Analysts point out that the model of Pi Network conforms to the ISO 20022 international standard for secure financial data transmission. ISO 20022 is a financial messaging standard established by the International Organization for Standardization and is regarded as the communication backbone of the future global financial system. Cryptocurrencies such as XRP, XLM, and ALGO claim to comply with or are in the process of achieving ISO 20022 compliance, which is seen as key to entering the mainstream financial system.

Supporters believe that once Pi Network fully opens to the mainnet, it will be able to interact with mainstream financial networks. Currently, Pi Network is still in the “closed mainnet” stage, and tokens can only circulate within the ecosystem, unable to be freely traded on external exchanges. This design is intended to establish a solid ecosystem before full opening, avoiding speculative hype caused by premature listings.

Currently, developers are still creating decentralized applications (dApps) on the platform and using Pi as a currency and utility. Hundreds of dApps have already emerged in the Pi Network ecosystem, covering various fields such as e-commerce platforms, social networks, games, and educational tools. The actual usage of these applications is creating real demand and utility for the Pi token, rather than purely speculative value.

From a technical roadmap perspective, the upcoming Protocol 23 mainnet upgrade of Pi Network, scheduled for the end of the year, is seen as a key step towards a fully open mainnet. This upgrade will optimize network performance, increase transaction throughput, and provide the infrastructure to support more commercial applications. If the upgrade is successful, Pi Network may achieve a fully open mainnet by 2026, at which point PI tokens will be able to trade freely on global exchanges.

However, investors should also remain cautious. Pi Network has been questioned due to its six-year closed mainnet phase. Critics argue that such a long closed period may imply insufficient technological readiness or a deliberate delay in timing. Furthermore, the actual value of the PI token cannot be verified through the market before the open mainnet, and the current “over-the-counter” price may have a significant deviation from the future real market price.

Can Contribution Economy Reshape Web3

The core of ALOSA's revelation lies in a shift of ideology: Pi Network rewards contributions rather than speculation. If this model succeeds, it could reshape the way people measure wealth in the Web3 ecosystem. The wealth distribution of traditional cryptocurrencies is often extremely unequal, with early investors and large holders holding absolute advantages, while latecomers can only chase high prices. Pi Network attempts to provide fair returns to users who join at any time through actual participation by offering continuous contribution rewards.

The sustainability of this concept depends on whether the Pi Network can maintain users' long-term engagement. When the novelty wears off and the daily clicking of buttons becomes a burden, will users still be willing to continue? The design of locked rewards and utility rewards is precisely aimed at addressing this issue, guiding users to shift from passive mining to active participation in ecosystem building through economic incentives.

Based on the current data, the activity level of Pi Network remains high, which proves that its incentive mechanism is effective to some extent. However, the real test will come after the mainnet is fully open, at which point market prices, speculative pressure, and external competition will comprehensively test the resilience of this “contribution economy” model.