Pi Network Cuts Mining Rate, Promotes Token Lock-Ups

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Key Takeaways:

• Pi Network reduced its mining rate to a record-low 0.0027746 π/h.
  
• Token lock-ups are being promoted to strengthen ecosystem stability.
  
• Community speculates on a Binance listing amid rising frustration.

Pi Network slashed its mining rate by 8%, dropping from 0.0030165 π/h to 0.0027746 π/h—the lowest level since the project began. The move reflects the Core Team’s ongoing commitment to managing token emissions as total supply grows. Over 19 million PI tokens entered circulation the same day, increasing the total supply to over 7.76 billion PI.

Community member Woody Lightyear highlighted the record-low mining rate in a post on X, sparking renewed debate over the project’s pace and transparency. Many users view the reduction as a calculated step to reinforce long-term value, while others see it as an insufficient gesture amid growing demand for tangible progress.

The Pi mining rate for August has fallen by 8%

From 0.0030165 to 0.0027746 π/h.

Is this the all time low for the mining rate?

— Woody Lightyear 𝛑 (@WoodyLightyearx) August 1, 2025

Lock-Up Program Reinforced for Stability

Alongside the mining rate cut, the Pi Core Team reiterated its support for voluntary token lock-ups—a mechanism that boosts mining rewards for users who commit to long-term participation. Both pre- and post-migration lock-ups follow the same reward structure outlined in the 2021 whitepaper. Once set, they cannot be reversed.

The team emphasized that these lock-ups are essential to maintain ecosystem health, especially during volatile market phases. Users can configure lock-ups either through the Mainnet tab (pre-migration) or via the Pi Wallet (post-migration).

Frustration Builds as Users Await Major Updates

Despite these structural changes, many in the Pi community remain frustrated. Woody Lightyear criticized recent app updates as “filler content” designed to maintain engagement while delaying meaningful advancements. His sentiment echoes broader concerns that the Core Team is withholding major announcements.

However, recent developments suggest that a shift may be on the horizon. The Pi Wallet now includes fiat on-ramp TransFi, joining Banxa and Onramp Money, and even features Binance-related support options—fueling rumors of a potential exchange listing.

Also Read: Pi Network Price Crashes After Mainnet Launch—Is the $10 Dream Dead?

Sustainability or Stagnation?

With a falling PI price—down nearly 14% in 24 hours to $0.349—and heightened community scrutiny, Pi Network’s latest moves aim to project long-term vision. But whether these incremental steps are enough to satisfy users’ expectations remains to be seen.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.