Pi Coin Price Drops: Is Pi Network Mining Still Worth It?
After hitting an all-time high of $2.99 in late February 2025, Pi Coin (PI) – the native cryptocurrency of the mobile mining network Pi Network – has seen a sharp correction. Currently, Pi is trading around $0.60, down nearly 80% from its peak. In this market context, the question is: is Pi Coin mining still worth continuing?
Price Drop Due to Token Unlocking and Lack of Major Exchange Support
Although Pi Network has officially moved to mainnet with a relatively stable operating system, many community members are expressing concerns about the increasingly accelerated token unlock schedule. According to reports, about 7.6 million Pi coins are unlocked every day – equivalent to more than $4 million USD pouring into the market – creating inflationary pressure on the value of this coin.
In addition, the fact that Pi Coin has not been listed on leading exchanges such as Binance, Bybit or KuCoin continues to reduce liquidity and attractiveness to investors. Many Pioneers (Pi users) believe that the delay in expanding the exchange is one of the main reasons for the current price decline.
Increased Mining Speed: Opportunity or Barrier?
One of the notable recent changes is that the Pi Coin mining speed has been adjusted to increase by 2%. According to Dr. PiCoin's analysis, this has increased the average time to mine one Pi on mobile devices to 16 days - a significant amount of time for miners without a referral system or participating in network node validation.
This goes against the initial expectation that the mining speed would decrease after the mainnet goes live, as a measure to limit supply and stabilize the price.
Free Mining is Still a Big Advantage
Despite the longer mining time, Pi Network still has a significant advantage: mining is free and accessible. Users only need to download the app, do a simple KYC, and press the button every day to receive rewards. This makes Pi Network an ideal starting point for newcomers to the cryptocurrency field without any initial investment capital.
However, for professional investors or those with experience in the crypto market, Pi mining may no longer be the optimal choice. They tend to prioritize more effective forms of passive income generation such as staking, farming, or investing in high-yield DeFi projects.
Conclusion: Is Pi Coin Mining Worth It?
In the context of Pi Coin's sharp drop in price and slowing mining speed, continuing to mine Pi may no longer be attractive to everyone. However, thanks to its free and easy-to-use mining model, Pi Network still maintains its position as a friendly "gateway" for beginners to start their crypto investment journey.
The future of Pi Coin will largely depend on the next strategic steps of the development team, including the possibility of listing on major exchanges and adjusting the token unlock schedule to balance supply and demand in the market.