Earlier in January we covered that the rate decreased to 0.0047. Now its dropped to 0.0029 Pi per hour, marking approximately a 38% decline. This adjustment aligns with Pi Network’s strategy to decrease mining rates as the user base expands, aiming to enhance the cryptocurrency’s scarcity and potential value over time.
For miners, this means that earning Pi has become more challenging, emphasizing the importance of consistent participation and the utilization of available bonuses to optimize rewards. The Pi Network community is encouraged to maintain their mining activities diligently to maximize their Pi earnings under these new conditions.
Regarding the Pi Coin’s market performance, it is currently trading at approximately $0.60, which is 10% higher than the last 24 hours. The price has experienced fluctuations, with an intraday high of $0.79 and a low of $0.41.