What Is the Real Cost to Mine Pi Coin? Millions of People Have Abandoned Their Data for Pi

For many years, Pi Network has promised a bold thing: a decentralized cryptocurrency that anyone can mine from their phone. No expensive hardware, no complicated setup - just an app, a tap, and time. It’s an enticing pitch that has attracted tens of millions of users, especially in developing countries. But now, some early supporters are starting to raise tough questions about what they have given up along the way. Dr.Altcoin, a well-known voice in the cryptocurrency community, has just shared his growing concerns about X. He has supported Pi Network from the beginning, believing in its values of inclusivity, accessibility, and environmental friendliness. But in his latest post, he did not hold back. He criticized the Pi Core Team for their lack of communication and transparency, and he issued a warning that goes beyond delayed launches or non-listings on exchanges. To join Pi Network, users must provide a lot of personal data. They register with their real name and phone number. They complete KYC by scanning a government-issued ID and submitting facial recognition data. The app also requires location tracking and access to device information. In summary, Pi users have granted the platform access to some of their most sensitive data - often without really knowing how that data will be used. Dr. Altcoin's main concern is not about the price of Pi Coin or when the mainnet will finally open to the public. Rather, it is about how the data of over 70 million users could be misused without proper oversight. He points out the possibility of this information being used in AI model training, identity theft, biometric data abuse, and even geographical tracking. And with many Pi users living in areas with weak privacy protections, the risks are even greater.

This concern arises at a time when the price of Pi Coin remains stagnant, with token trading around $0.81 today and showing very little volatility. Some community members are losing patience, while others still believe that the project is quietly laying the groundwork for something bigger. If you are looking for short-term price prospects, take a look at our Pi Coin price prediction for today, May 23. But even beyond price action, the network's data policies have been more closely monitored, especially after recent reports emerged about large Pi Coin remittance transactions. A Pi explorer, Piscan, revealed that 19 million Pi has been sold - a number that surprised many. It raises new suspicions about what is happening behind the scenes and whether insiders have access that the public does not. So, is the Pi Network on the verge of collapse, or are these just growing pains for a breakthrough in the future? One of our latest articles poses that question: Is the Pi Network collapsing or quietly preparing for a big comeback? Currently, it is clear that Pi Network has collected a gold mine of user data over the years. And if the Pi Core Team does not explain how that data is protected - and exactly what it is used for - they may lose the trust of the very community that has made their project viable. Because in cryptocurrency, there is not only decentralization. There is also accountability.