Yes, it is possible. You don’t need to buy mining rigs and consume heaps of power. Today I will give you a few options and show you how to mine crypto on your phone.
Mining crypto does not have to be hard. In fact, it is now possible through apps on your mobile phone. They are not power-hungry, and you do not have to have the apps open to continue mining.
Mining crypto has become less viable due to more people mining, coins like BTC halving and the cost of power increasing. You had to spend thousands on specialized mining rigs or join a mining pool to participate in mining in the past. Times have changed. Let’s have a look, and I will show you how to mine crypto on your phone.
Pi π Network – What is Pi?
The Story Of Pi – The First Digital Currency You Can Mine On Your Phone.
Pi is a cryptocurrency in its infancy. Currently, you can mine it on your mobile phone, but it has no market value. It is in Phase 2 – Testnet stage. All going well with the project the official Pi network Mainnet launch should take place around the end of 2021. At this stage, Pi will have value in the market place if the project goes to plan.
I have read the White Paper on Pi Network, and it all seems to be legit. It is a project developed by some Stanford University grads.
- π Mission: Build a cryptocurrency and smart contracts platform secured and operated by everyday people.
- π Vision: Build the world’s most inclusive peer-to-peer marketplace, fueled by Pi, the world’s most widely used cryptocurrency.
Although Pi currently has no market value, I think it is a project with potential. You can currently mine Pi on your phone, and if they get the project to Mainnet, who knows what it could be worth.
How to Start Mining Pi π
You need a referral to start mining at π. This is one reason people think this could be a MLM or a Ponzi scam, but it is not. It is purely a cost-effective way for Pi to market its project. You can earn more Pi if you have a few people in your team, but it is definitely Not MLM or a scam.
If you want to have a look at Pi for yourself, you can use
- The invitation code – BigDavo
- Direct Link – minepi.com/BigDavo
You download the app, get your account verified and then start mining π.
The app will look like the image on the left, and all you need to do to keep mining is click the button every 24hrs. You don’t need to keep the app open, and it does not drain power.
If you forget to push the button, you stop mining but don’t worry. You will get a reminder.
As you can see, I am earning 0.24 π/hr not a lot, but it does add up over time. It only costs me a few sec of my time each day to accumulate Pi, and if, for example, it’s market value is $2 when they launch Mainnet, I will have over $3000.
I have researched Pi and think it is a genuine project that has potential. The project does have to work for anyone to make money from it. They have to get the project to Mainnet.
Having said that, they have achieved what they said they would so far. Will that happen? I don’t know for sure, but it does look promising. I am willing to risk my time in the hope the Pi network succeeds.
To learn more about Pi Network, you can go to the website or read the White Paper ===> Pi π Network don’t forget to use referral – BigDavo
Bee Network- Is it just a copy of π
Another new app where you can mine crypto from your phone is Bee. I will not go into a great amount of detail on this one because it is virtually a copy of Pi. The only real difference with this one is they are a little further behind than the Pi project.
Once again, you can mine at Bee and start collecting crypto, but it has no market value yet. Once again, it depends on the project. Anything that is any good is always copied, and it appears this is what has happened here, Bee is a clone of Pi. The project’s rollout, the rewards, is similar to Pi but just a little further behind in the roadmap.
The main difference is that Pi has achieved some of its milestones, whereas the Bee network is still new and needs to prove the project can and will work. Bee Network is not planning to go to phase 3 until 2024, so it is a couple of years behind Pi.
Both projects still need to launch on the Mainnet to be successful. The coins will then have some value, how much no one really knows. My thoughts are if you are clicking one button, you might as well be clicking two. After all, people thought Bitcoin was a silly idea 10 years ago. Who knows were these projects could go.
Start Mining Bee
Once you have download the app and been verified, click the Bee to start mining and come back and click the button every 24 hr to continue mining, that’s it.
Because they are trying to build a network, they also use the referral system to get new members. You can earn more Bee by referring people. The only way to join is with a referral code.
Will the Bee project be successful? Nobody knows. It appears to be a good model of the Pi Project, just a bit further behind them in the timeline. I am willing to take the risk and see if the project succeeds. Once again, I have only lost a small amount of my time if the project is not successful.
Bee, Pi, what about CAKE
If you like Bee and Pi, you will love CAKE.
You can not mine at CAKE, but you can put your crypto to work for you and generate cash flow. I am currently earning fantastic interest from CAKE DeFi.
This is also a relatively new project in the DeFi space, but they have launched on the Mainnet. I started buying DFI for around 22 cents in September, and they just reached $4.
To learn more about investing in CAKE, read my post ===> Pool By Cake – Product Overview
Unlike the Pi and Bee projects, CAKE already has success and continues to bring more to the DeFi space. This is a good example of a project that solves real-world problems and continues to grow because of that. It has value to people. I use CAKE to stake my DFI and 37% APY.
Both Pi and Bee are in the early days. They have a lot of work before they have any market value. I honestly think both apps are legit and provide a way for ordinary everyday people to mine crypto on their phones. Will they both succeed? I don’t know.
I personally mine both Pi and Bee on my phone in the hope both projects have success. I only have a small amount of time to lose if they fail and a lot to gain if the projects take off. Pi and Bee, that is how to mine crypto on your phone. I am willing to take that risk, are you?
Be the Best you can be
! DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals prior to undertaking any investments of your own.