What is the Real Cost of Mining Pi Coin? Millions of People Have Given Up Their Data for Pi Network

For many years, Pi Network has promised a bold thing: a decentralized cryptocurrency that anyone can mine from their phone. No expensive hardware, no complex setups - just an app, a tap, and time. It's an enticing proposition that has attracted tens of millions of users, especially in developing countries. But now, some early supporters are starting to ask hard 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 using 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 short, 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 potential for this information to be used in AI model training, identity theft, misuse of biometric data, and even geographic tracking. And with many Pi users living in areas with weak privacy protections, the risks are even greater.

This concern comes at a time when the price of Pi Coin remains stagnant, with the token trading around $0.71 today and showing little volatility. Some community members are losing patience, while others still believe the project is quietly laying the groundwork for something bigger

But even outside of price actions, the network's data policies have been monitored more closely, especially after recent reports surfaced about large Pi Coin money transfer transactions. A Pi explorer tool, Piscan, revealed that 19 million Pi coins had been sold - a figure that surprised many. It raised new suspicions about what is happening behind the scenes and whether insiders have access that the public does not. So, is Pi Network on the verge of collapse or are these just growing pains for a breakthrough in the future? Currently, it is clear that Pi Network has gathered a goldmine 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.