Pi Network Tightens Supply With Mining Rate Cut as Whale Moves 6.5M PI
The post Pi Network Tightens Supply With Mining Rate Cut as Whale Moves 6.5M PI appeared on BitcoinEthereumNews.com. Pi Network has implemented a fresh reduction in mining rewards in a bid to boost token scarcity. This coincided with a massive 6.5 million Whale transfer to an exchange. This has led to speculation among investors about its purpose. Pi Network Slashes Mining Rate to Boost PScarcity In a recent post, The Times of Pi Network highlighted that the September base mining rate has been trimmed to 0.0027405 π per hour. This reflects a 1.23% decline from August. At the current pace, it now takes more than 15 days to mine a single Pi without bonuses, while the yearly yield stands at just 24 Pi.
The post Pi Network Tightens Supply With Mining Rate Cut as Whale Moves 6.5M PI appeared on BitcoinEthereumNews.com.
Pi Network has implemented a fresh reduction in mining rewards in a bid to boost token scarcity. This coincided with a massive 6.5 million Whale transfer to an exchange. This has led to speculation among investors about its purpose. Pi Network Slashes Mining Rate to Boost PScarcity In a recent post, The Times of Pi Network highlighted that the September base mining rate has been trimmed to 0.0027405 π per hour. This reflects a 1.23% decline from August. At the current pace, it now takes more than 15 days to mine a single Pi without bonuses, while the yearly yield stands at just 24 Pi.
What's Your Reaction?
