Stablemining.biz Review StableMining is Not a Legit Platform. Ridiculous Scam!

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Stablemining.biz Review: StableMining is Not a Legit Platform. Ridiculous Scam!

Stable Mining Review: Scam or Paying? stablemining.biz claims it could make you good profits forever investment in cryptocurrencies. How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of stablemining.biz we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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StableMining Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

stablemining.biz is not a legit investment platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

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StableMining.biz Review – Avoid VIRAL Ponzi Scheme

Stable Mining (StableMining.biz) is a Bitcoin investment SCAM!

Masquerading their platform as the best cloud mining platform, Stable Mining fits the bill of what appears to be a legitimate investment opportunity at first glance.

Promoting life-long passive income returns of up to 10% or investment plans that support ROIs between 400% to 6,000% are among a few of the bold claims asserted by StableMining.

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To find out more regarding Stable Mining and WHY we have RULED StableMining.biz to be a SCAM, we invite you to read our factual and comprehensive review.

What is Stable Mining?

Stable Mining is presented as a 100% legitimate and one-of-a-kind investment opportunity for cryptocurrency enthusiasts.

With a simple half-scroll of your computer mouse, site visitors encounter the dangerous and highly misleading component of Stable Mining, which would be their ‘investment plans.’

Investment Plan 1

Return: 10% daily

Plan Duration: Forever

Minimum Deposit: 0.001 BTC

Maximum Deposit: 500 BTC

Investment Plan 2

Plan Duration: After 30 days

Minimum Deposit: 0.001 BTC

Maximum Deposit: 500 BTC

Investment Plan 3

Plan Duration: After 60 days

Minimum Deposit: 0.001 BTC

Maximum Deposit: 500 BTC

Investment Plan 4

Plan Duration: After 90 days

Minimum Deposit: 0.001 BTC

Maximum Deposit: 500 BTC

Investment Plan 5

Plan Duration: After 120 days

Minimum Deposit: 0.001 BTC

Maximum Deposit: 500 BTC

Investment Plan 6

Plan Duration: After 240 days

Minimum Deposit: 0.001 BTC

Maximum Deposit: 500 BTC

Stable Mining allegedly offers a 3% reinvest bonus for returning investors.

Furthermore, Stable Mining offers a two-tier affiliate platform where first level referrals result in 5% and 2nd level referrals result in 1% commissions.

On their site it says they have been in operation for 26 days, have 28,778 members and have paid out over 412 bitcoins to date.

Who is Behind Stable Mining?

StableMining is owned and operated by Stable Mining Ltd.

According to a CompaniesHouse report, Stable Mining Ltd is a Private Limited Company registered under company number 11698022.

Registered Office Address

43 Mc Leod Road, Abbey Wood, London, United Kingdom, SE2 0BS

Incorporation Date: November 27th, 2020

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Robert Brookes is disclosed as the Director behind Stable Mining Ltd.

When you conduct a Google Map search of the registered office address of Stable Mining, the search cannot be completed due to only partial segments of the address being legitimate.

The correspondence address of Robert Brookes results in the same dilemma.

Correspondence Address: 6 St. Dunstans Street, Warter, Yorkshire, United Kingdom, YO4 7NP

According to StableMining.biz, Robert Brookes is the CEO & Founder behind Stable Mining.

Other notable ‘team members’ of Stable Mining would be as followed:

  • Lukas Pfeffer – COO
  • Lori D. Hester – CFO
  • Andrew Humphries – Managing Director

How does Stable Mining Work?

Reminder: Don’t forget that although Stable Mining may be backed by what appears to be a “legit” company, we have shown countless times how the UK corporate structure is susceptible and taken advantage of by shady entities.

Creating these company “shells,” Stable Mining employs the same tactic used by most fraudulent investment operations.

Oftentimes these company shells are created with aliases and semi-plottable virtual addresses that are geared to appear as legitimate locations when searched.

Undoubtedly the same could be said in regards to Stable Mining since both their corporate and correspondence address appear to be fictitious, virtual addresses.

Regardless, the creation process for these ‘fake’ companies don’t require much work and is perhaps one of the most common traits we encounter we exposing investment scams.

The whole point of these company shells would be to create the illusion of credibility.

Now that you have the backstory, let’s get back to how Stable Mining allegedly works.

Most mediocre scam campaigns like Stable Mining make the investment process the most straight-forward and simplistic process to follow, which certainly is the case.

Supported Payment Methods

  • Dash
  • DogeCoin
  • Ethereum
  • Litecoin
  • Bitcoin
  • BitcoinCash
  • Payeer
  • PerfectMoney

Simply, all site visitors have to do is utilize one of the payment methods above, select a designated investment plan and send Stable Mining their payment.

In return, Stable Mining is allegedly supposed to abide by the terms in their investment plans but that never happens, nor will it ever happen.

The returns promoted by Stable Mining are non-sustainable and reflect a business model that most closely resembles a Ponzi scheme.

Promoting life-long daily returns of 10% or returns up to 6,000% is absolutely ludicrous, no matter which industry you are investing within.

So how does Stable Mining generate these lucrative returns?

Stable Mining states that they have a team of ‘high skilled specialists’ that are working around-the-clock on purchasing equipment, working on their configuration while seeking the best locations to reduce energy consumption costs but really no real answer.

Anyone with a little bit of knowledge within the Bitcoin arena could deduce that Stable Mining, as hinted in their name, relies upon Bitcoin mining to generate profits.

More specifically, Stable Mining relies upon the concept of Bitcoin cloud mining.

However that doesn’t bring us any closer to knowing how exactly Stable Mining generates profits.

This would be because Stable Mining fails to disclose crucial information such as which cryptocurrency mining hardware they are using, the location of their data centers along with a verifiable physical address.

In fact, the only way to really touch out to base with Stable Mining would be through email at [email protected] or Twitter.

Domain Insight

StableMining.biz was a privately acquired domain that was registered on November 25th, 2020 through the NameCheap, Inc registrar.

According to SimilarWeb, StableMining.biz reflected a global rank of 22,960 with a Russia rank of 7,924 as of February 26th, 2020.

Over 76% of the sites cumulative traffic is referral based while of that percentage approximately 71.15% of the referral traffic stemmed from a traffic exchange site known as adbtc.top.

Oftentimes shady investment ventures (such as Stable Mining) will rely upon notorious traffic exchange sites so that they appear more popular on the web than they truly are.

Is Stable Mining a Scam?

Yes, StableMining.biz is a Ponzi scheme.

StableMining.biz Scam Ruling

Stable Mining is a deceptive and malicious Ponzi scheme plaguing the Bitcoin community.

Promoting highly unrealistic returns while using all the tricks in the books to appear more legitimate than they truly are, Stable Mining is truly a dangerous cryptocurrency scam.

Remember, if it sounds too good to be true then it probably is!

Have you been scammed or deceived by Stable Mining? Share your experiences below!

Verdict: Stable Mining is a Ponzi Scheme!

Blacklisted Site: StableMining.biz

We invite you to share any insight, experiences or feedback you may have below!

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Quem diria que um site fornecendo tanta informação, seria um bando de caloteiros safados! Também fui vitima de golpe nesse stablemining… minha conta está ativa e tenho enviados vários e vários emails nenhum com resposta positiva, ou melhor… Satisfação nenhuma eles deram!

I was also a victim of the stablemining.biz investment
I tried sending an email, but I never got an answer. And until now the site has disappeared and my money is gone.

Got the first 0.0005 btc and then scamed. Trusting stablemining.biz is a huge mistake for me. I didn’t even get 1/10 of my investment.

Many Pony Shcem Lunched Daily. Every Site Will be Scam in future.

So Please Stop investment.

ASM
Please give documents of their activities.

Tnx a lot for this info… I was a victim of this stablemining scam… I still have an active account as of today… However, transaction for widrawal of profits cant be processed since two weeks ago.

All story about stable mining.biz is a scam site that will stoll your time , money and trust is true.

In 15 to 20 day from site activity they responded you request , refund withdrawals , brodcast news for events and etc.

This 2 to 3 weeks is golden time for ponzy activity …

Many investors stat investments in low qty for test refund condation. . They give 10% daily profit with attempt to crypto currencies that these sites reffer ( ex.btc to usd 5000 ! When real equality is around 3200 to 3600 usd ! ) First investors will payback all deposited money . They will grow up their new investments , will invite many of their friends and ponzy game growing up … In their site you can see they give near 4000btc from near 30000 user . They paid near 320 btc ( near 8% of deposited money ) and if you see their prof of payments they stop all payout from 26/feb .

From 15 feb they dont pay any withraw ( your request for withrawal always in pending state and your only choice was reinvest ! )
They pay each 3 to 10 min 1 withdraw to their selected users ( ponzy players ) for fill site statics , ( on reality each site with near 30000 investor that each investor pickup 10% refund daily must have between 10k to 50k refund each day . 1 day is near 80000 second … You must see 8 to 40 transaction per minute in their site static but you see 1 transaction per 3 to 10 minute ! )
10 they after 15 feb they completly stop their show and you cant see any withrawal for over 30 hours .

Each day after all of this scam play they may collect 10 to 20 more btc to their 4000 stolled btc from uninformed new persons . After they see no more money they will showdown their site and all thing gone .

They stoll near 15000,000.00 usd in 30 to 40 day from 30000 persons .

All money they put on the board under 10000 usd for domain , company pre-register , mailing , ads and etc .

If any body wants i can give documents of their activity , emails , unpayed withdrawals , and many other info about this scam mining site.

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Pi Network Review: Scam or Legit Mining App?

February 14, 2020 By // by John 57 Comments

Welcome to my Pi Network review.

Is this another Crypto Currency Ponzi scheme?

Is this the next best thing?

There are so many questions that come with sites that involve anything from the Crypto world and that’s just how it is.

The Bitcoin hype has given everyone so much excitement, anxiety, and most especially heartache.

So if you are wondering if this is something you should invest your time and hard earned money in, you have come to the right place.

This Pi Network review will not only show you the ins and outs of how everything works but also help you make a wiser decision.

I am personally not a fan of hype, so don’t expect me to hype this thing like it’s the best thing since sliced bread.

So before you go even joining the person who introduced this to you, let me show you what you will be getting yourself into.

Table of Contents

Pi Network Review – Product Overview

Name: Pi Network

Owner: Unknown

Price: Free

Overall Rating: 1./5 stars

After almost at least 6 months after its launch, the Pi Network does not seem to have done anything at all.

Although free to join, there is still no one making money and all that seems to be going on is a bunch of “mining”.

I did have this rated at 2.5/5 stars but I think 6 months is enough time to make things happen. Things look cool and all but there are better things that you can be doing with your time than mining on something that isn’t even allowing you to make any money.

So for those of you bombarding others with your personal affiliate link, save it for a better program that at least pays you for your efforts.

What Exactly is the PI Network?

“Developed by Stanford PHDs, Pi is the first and only digital currency that you can mine on your phone by leveraging your existing social connections.”

The company has created their very own digital currency but there is no mention of who owns or runs anything.

So who those Stanford PHDs are is currently just hype without any proof.

What I can tell you is that the site is ran strictly through its affiliate program, in which affiliates are compensated for getting others to join.

That seemed to be the case but no one is making any money with the Pi Network.

The Product/Service

There is no product but the company does offer a service.

By downloading the Pi Network app, you can mine crypto currency on your phone, without draining its battery.

That’s what it claims to be/do but it looks nothing more than a recruiting based program that relies completely on its members.

Recruiting is all that is happening and everyone and their mothers are still sharing their affiliate link, even if they aren’t making any money.

Definitely not something I would recommend as there are way more opportunities out there that you can focus your time on.

How it Works

Pi Network has absolutely no value and is trying to pull off what Bitcoin did back in 2008.

At least that’s what they’re expecting.

Get some hype going, get millions of people to join, all in hopes that the value of Pi will grow to a point that everyone is making money.

Being that it is completely free to join, the money made and value of Pi is all dependent on the volume of members that come into the company and what is spent.

By spending and sharing, using the Pi Network app, the value should increase over time as long as newer members continue to join.

Many companies have made an attempt at this but all we got were Alt coins that are definitely not doing as good as they used to.

Pi Network does not seem to be doing any better with the fact that no actual money is involved.

Will it Work?

There is no telling where this whole idea is headed but of course we always hope that it does great.

I am no psychic but I do see this doing about the same type of numbers that every other Crypto Currency project has done.

It will go up to a certain point but eventually go down once the hype is gone.

Being that it is completely free to join, I don’t see the harm in signing up and seeing where everything goes but again, that does require time.

The good news is that I have not seen any recent wallet type crypto currency programs and I know all the failed crypto marketers are looking for something to join.

Be that source and you can possibly earn some money in return.

Pros & Cons

  • Very new company
  • Free to join
  • Has potential
  • No real money involved
  • Doesn’t seem to be moving anywhere
  • Could be another flop

There is not much information for me to give a real opinion on things just yet, but this is currently what I find to be good and bad of the Pi Network.

So is Pi Network a Scam?

Pi Network is really nothing more than a network marketing gig at the moment.

There is no one that will take your money and only time will tell where everything goes.

It as been quite some time now and I’m about tired of “mining”.

From what I once did daily has now stopped.

I don’t mine anything and I have no interest in it either.

Unless you want to wait around for a miracle, I do not recommend joining the Pi Network

My Recommendation

I don’t see the harm in creating a free Pi Network account and I do recommend you do so anyways.

However, I do not think you should sit and wait around for anything because there are many other things you can do with your time.

With all the Crypto Currency peeps that relied on the many Ponzi schemes to make money, you can bet that they are looking for the latest and greatest program to join.

Be upfront with the people you are going to promote the app too and I’m sure they wouldn’t mind joining you.

Now if you are looking for a real way to make money online, you might want to start today.

You can always do some flipping with Ticket Flipping Hub but it does require a nice investment on your part.

It does pay faster than most but it also requires you to invest a good amount of money as well.

For those of you who have no money to your name but still want to make something, Swagbucks is your best bet.

It’s free to join and will pay you for doing simple tasks.

If you are looking to start a blog that’s great too.

There is no better way to make money than through a simple website and a topic of your choice.

For that, you can start with something like Wealthy Affiliate as they have everything you need and it does give you a free trial as well.

I got my start there and I’m sure you will appreciate some personal help and their super active community of members.

That concludes this Pi Network review, so have a great day and don’t forget to tip your waiter.

About John

I hope you enjoyed that post. I’m John and I am the owner of this site. I like to think I’m a normal dude just like everyone else but that wouldn’t make me unique. I do have 4 kids and I have gone through the hardest of times, most especially financially. With some learning and growing, I have managed to get back on my feet and live the laptop lifestyle most people only dream of. With that knowledge, I hope to align you with a real and legit way to make money online.

Reader Interactions

Comments

Hello.
We welcome anyone.
We are a big group of people and most of us are mining with a rate of 15 pi/h.
Join our team ,using the code : “kingami”

Philip B. Northam

Hi John, it is a shame that you do not understand the concept of the Pi Network and therefore, you shouldn’t be telling people to beware as it cost nothing to find out themselves. The fact is that the Pi network is still in Beta stage and in the 1st year, has over 3.5 million members. Everyone knows there’s no value at this stage. There are three steps to the Pi earning rate for free. You have the choice of getting involved or just being a member – there is no obligation or requirement for anything more than logging on each day! This is a 2nd opportunity that costs nothing to join and earn AND; just like Bitcoin $0 to $15k in 10 years – what will Pi be worth in 10 years – no-one knows but I want to be part of this revolutionary system. I have 600 coins so far which COULD be worth nothing or Millions to my children and grandchildren with no downside! Go to http://www.minepi.com and read the information. Then, if you would like to join Pi, use “PhilBee” as your invitation code and start earning crypto coins for your family’s future. Philip Northam Proud Pi Member earning free coins.

It’s a shame John but can you guys please use “PhilBee” if you want to join? Get out of here with your nonsense Philip. I know enough about Pi, I’m an actual member, and have been for over a year now. Regardless of what I know does not mean that we will be making a single penny from this. Myself and everyone else I know have stopped “mining” and that’s because we really don’t know where this is going. Does all that mining mean I’m going to be rich 10 years from now? Money does not come from the sky Philip and you just have to think realistic and not wishing that some kind of money lands on your lap. And for some weird reason some actual money does come to light, then hey, I’ll be richer than you because I got in way before you did. Don’t question my intelligence Phillip, I’ve been in this business for almost a decade and I’ve followed many programs in my lifetime. I do great With crypto currency in Mirror Trading International, I do affiliate marketing with my blogs, and I have tried many other methods in the time I’ve been online. So trust me Philip, I know what I’m doing and what I’m saying.

Hello.
We are a big group of people and most of us are mining with a rate of 10 pi/h.
Join our team ,using the code : “told”
We welcome anyone.

Hey Told…is there any real currency being used here?

Ah, an armchair know-it-all. Go you!

Ummmm…who you talking to Kristy?

they are starting the in app transfers. some of the members have been in their KYC (know your customer) and now in have in app transfer.

by the way what can you say about this site https://ecoinofficial.org/

ecoins with 370k members in 10 days and counting.

it has an in app transfer already and you can widraw anytime

That site seems to be doing the same exact thing Pi Network is doing. Get lots of people to join and then hit them with some kind of way to pay. Ecaoin says it best “Our strategy is to acquire billions of users”. They are trying to get lots of people in (free of course) in hopes that they will be the early bird and then hit them with some kind of way to get money from them. I wouldn’t do it if I were you Romel.

Got to be a scam. They are soliciting bitcoin on their Facebook page now. I have a screen shot.

Ahhhh, get millions to join for free and then market something else…that might just be it. Can you share that screenshot Johnny?

Yes, Johnny, please share that screen. I am in the same boat as John. I have been mining now for over 7 months but not holding my breath. The more I asked questions and they do not answer, the more skeptical I become. I have to agree with you John, this is looking more and more like a scam to get people to join, and then hit us with some kind of buying. Hoping that you don’t want to lose your Pis, which if it is not going to be beneficial then I will be more than happy to lose them all.

PS: Have to say, if on the contrary, it ends up working, then I will be making a hefty price tag, lol! Benefits of mining for so long. Have 7Gs and counting.

Me too Carlos! lol. I have stopped mining a while ago but I have been with Pi for over a year now. Mining for free is a lot of work! lol. But, I do hope that something good comes out of this and not some sales pitch to the next best Ponzi scheme. Fingers crossed…

Pi is interesting and will be surprising crypto-world in near future, the beauty is that it engaged poineers, by chat rooms , moderation etc. plus the selected group who are able to use in-app transfer , it encourage others, Pi birthday ( March 14 ) is approaching and we believe some new things like KYC will be opened for members and future road-map will be shared, As the developer has slogan that Pi will be common people money , so by proper marketing and advertising its adoption by mass will really surprise all others, we are not going to spend money , not buying expensive hardware just to download and click the button in 24 hours.

So when will real money be used Irshad?

Sory John but you are acting like some of those people who just joined the Pi Network … “when can I exchange Pi to other currency”, “how much is Pi worth”, “is this a scam”
If you really had this app for 6 months you would know the answer all the questions you are asking, and since you published this article on February 14, 2020 you really should know a lot more.
I joined 2 months ago and know who is behind the project (https://minepi.com/team, https://hci.stanford.edu/nicolas/), what was the value Pi reached in the test phase (4,8$ / Pi by the way)
I’m sorry to tell you but your article seems to be written by an amateur.
Here’s a more relevant article – https://sgclassicalguitar.xyz/minepi-pi-network-cryptocurrency-mining-scam-review/

Oh Adrien, I have had the app for over a year now so please stop acting like you know what you’re talking about. The February 14th date is when I updated this post. Did you make any money? That’s the question we ALL want answers to not who runs the show or what the “value” is. So please amateur, answer that ONE question and not the questions that everyone knows the answers to. Please share your know it all answer to that ONE question Adrian as I’m not here to wait a whole year to see what will happen. I’m not that stupid, buddy.

To join pi network, use reference “tornado”

We are a big group of people. Most are farming with a rate of 5 per hour.
To join our group use the code: “told” . We welcome anyone to our chat

What everyone wants to know Dim is when in the world will REAL money get involved? Are we going to mine like it is some kind of game? I’m sure everyone is starting to get tired of waiting around as it’s been quite a while since Pi Network launched. Do you know what is going on? Is there something to look forward to or is Pi Network going to continue to be a mining game of some sort?

Simple, easy Pi Network mining ��

I have never dabbled in cryptocurrencies before but I have a good positive feeling about Pi
They don’t ask for money. They don’t want personal information. A simpleton like me can mine in the background even with the app turned off. And you gain coins faster by having people join your circle. I just love the idea of currency that’s not manipulated by anyone. Its owned by the users.

LOL at all the know-it-betters, who is telling you PI is a scam. Here is my answer.
Before the bitcoin hype in 2020, we were collecting free coins left and right. Some of these coins became famous and you guys were buying our bags.

2020 Free RaiBlocks(Nano) $0.007 to $31 in 2020.
2020 Free Stellar Lumens $0.0018 to $0.64 in 2020.

Other then with BTC it is Pi Network that controls your account. They can delete it at their sole discretion. Actually your account is at risk right now because they have to deal with lots of fake account which need to be deleted. It can be any account, also yours.

Thanks for sharing such valuable information Joe. But what about the whole earning part of Pi? Are we just going to keep mining all day or is something actually going to happen?

John, I suggest you to read the FAQ and the project’s white paper. Everything you need to know is covered there.
And my advice to all Pioneers: Verify your account with your phone number, not only with FB, and make sure to have enough real people pointing at you via security circles. This way you run less risk that your account will be wrongly deleted.

Nothing to lose here but everything to gain. Google and FB already have data tracking on you. I bet many wish they had a thousand bitcoin when they started and were easy to mine. Worth pennies back then. Now look at the price. Nothing ventured nothing gained I say. Crypto is the future. Bankers hate it. They have lots of money to pay bloggers and advertisers to try and quell it. Not going to happen. The people in mass are seeing the light.
Have a good life everyone!

I’m sure that’s the way a lot of people feel Mike but what kind of current benefits/earnings have you experienced as a member? have you paid any money? Recruiting? Can you give us some insight on what you have gained or why you feel that this is probably the best things since sliced bread.

how to spend it?

I think is an interesting project, at early stage, but we´ll see in phase 2 (testnet) and phase 3 (mainnet) where it is going. For now I´m mining and having some “pi” just in case. The idea is really funny and interesting, to have more and more people knowing the blockchain concept. And the blockchain will be a fork of Stellar, one of the 10 more valuables cryptos, so…let´s see!

I’ve been using Pi Network app for quit some time now. About a few weeks after launch and have accrued quite some members to join up and lots of Pi coins now. Though currently there is no monetary value of the coin but I see it has potential along with many other uses for the coin. When peer to peer exchange comes out and their marketplace opens, I think then it will have a lot of value. But currently as the trend of the coin continue to rise up with new users everyday, you can take advantage of their chat system to promote other things to your earning team.

Join Pi Network, minepi.com/cleoarc, and start your new potential moneymaking journey (like Bitcoin started from $0 in 2008). 1st cryptocurrency you can mine from your smartphone. No investment to join.

has anyone found any answers as to what type of data they’re extracting from users? (aside from name/phone number for install)

Pi was not the first mobile mining. I’m pretty tired of people throwing this around. People need to do their homework as Electroneum (ETN) have been doing this since late 2020. Everything this is doing has already been done by ETN.

Elecronium has been on since 2007? And yet even a thousand eleactronium tokens is not worth up to $10 that’s pathetic.

Does Mine “pi” means Personal Information?

Already joined but still worried about security stuff.

Who knows where it will take us, you never know. Maybe you kicking yourself otherwise.

As pi network is still in beta you need an invitation.

ETN does not have a real mobile miner.
UPLEXA has
https://link.medium.com/UjyC0rhJaZ

For me – at this moment – it does just look like some sort of profiling App that collects User data and could possibly sell them to other companies. ? That’s it, they make some money and you get nothing. They want you to use your real names, constantly check back, so they can mark your account as active for possible interests of the database and in the best case they got your E-Mail, telephone number and If you were dumb enough the password you are using on multiple Apps and Accounts so buyers gain access to many of your stuff.

Be careful and stay safe… I’m trying it out right now but I do see many harm that could hit lots of Users if they are not carefully. So this should always be in your mind participating stuff like this.

Pi can be downloaded here: https://www.minepi.com/phone
Be sure to use the invite code “phone” as it’s still in beta.

Preface
As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide.
Our Mission: Build a cryptocurrency and smart contracts platform secured and operated by everyday people.
Our Vision: Build the world’s most inclusive peer-to-peer marketplace, fueled by Pi, the world’s most widely used cryptocurrency
DISCLAIMER for more advanced readers: Because Pi’s mission is to be inclusive as possible, we’re going to take this opportunity to introduce our blockchain newbies to the rabbit hole Smiley

Roadmap / Deployment plan
Phase 1 – Design, Distribution, Trust Graph Bootstrap.
The Pi server is operating as a faucet emulating the behavior of the decentralized system as it will function once its live. During this phase improvements in the user experience and behavior are possible and relatively easy to make compared to the stable phase of the main net. All minting of coins to users will be migrated to the live net once it launches. In other words, the livenet will pre-mint in its genesis block all account holder balances generated during Phase 1, and continue operating just like the current system but fully decentralized. Pi is not listed on exchanges during this phase and it is impossible to “buy” Pi with any other currency.

Phase 2 – Testnet
Before we launch the main net, the Node software will be deployed on a test net. The test net will use the same exact trust graph as the main net but on a testing Pi coin. Pi core team will host several nodes on the test net, but will encourage more Pioneers to start their own nodes on the testnet. In fact, in order for any node to join the main net, they are advised to begin on the testnet. The test net will be run in parallel to the Pi emulator in phase one, and periodically, e.g. daily, the results from both systems will be compared to catch the gaps and misses of the test net, which will allow Pi developers to propose and implement fixes. After a thorough concurrent run of both systems, testnet will reach a state where its results consistently match the emulator’s. At that time when the community feels its ready, Pi will migrate to the next phase.

Phase 3 – Mainnet

When the community feels the software is ready for production, and it has been thoroughly tested on the testnet, the official mainnet of the Pi network will be launched. An important detail is that, in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored. After this point, the faucet and Pi network emulator of Phase 1 will be shut down and the system will continue on its own forever. Future updates to the protocol will be contributed by the Pi developer community and Pi’s core team, and will be proposed by the committee. Their implementation and deployment will depend on nodes updating the mining software just like any other blockchains. No central authority will be controlling the currency and it will be fully decentralized. Balances of fake users or duplicate users will be discarded. This is the phase when Pi can be connected to exchanges and be exchanged for other currencies.

Pi – Token Supply
Token Emission Policy

Total Max Supply = M + R + D
M = total mining rewards
R = total referral rewards
D = total developer rewards

M = ? f(P) dx where f is a logarithmically declining function
P = Population number (e.g., 1st person to join, 2nd person to join, etc.)

R = r * M
r = referral rate (50% total or 25% for both referrer and referee)

D = t * (M + R)
t = developer reward rate (25%)

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