Pi Network mining rate pikes in December: What happened to the miners?

Pi Network (PI) closed six consecutive red months and is still struggling to recover from the decline of the last quarter, but in December, the mining fee of the system increased again.

The following report explains why Pi mining speed is so high in the current circumstances.

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Now Pi miners need more than 13 days to mine 1 Pi

A long-time leader that tracks Pi’s mining speed announced that December’s base mining rate was 0.0031296π/hour, a 13.59% increase from November’s 0.0027551π/hour.

This increase marks the biggest jump since launch Dynamic mining formula March 2022. It also broke a two-year losing streak.

“Now it takes about 13.3 days to mine 1 pi, and 27.4 pi can be mined in a year without the rewards,” said X AKE1974 π account.

A well-known account in the Pai community, Dao World, confirmed the AKE1974 π data.

The statistical chart reflects more than just numbers, as it shows a significant change in the Pai ecosystem.

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The mining speed has decreased for two consecutive years due to the increase in the number of users reducing the rewards.

But December showed a reversal. These trends indicate that some farewell ore They stopped their mining activity after many years of patience.

Why do miners give up? The most powerful reason is that they can buy Pi at a low price instead of spending time and effort mining it.

Data from BeInCrypto shows that Pi is trading at $0.23, well below its price of nearly $3 in March.

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Pi Network Academy stated: “The reason is that people feel that it is easy and cheap to buy instead of mining!” .

inquiry $0.23 for 13 days Of the mine no longer seems attractive, especially with Optimistic price expectations are fading. Many holders are only hoping for a recovery to disappear, instead of making a profit.

The number of Pi nodes on the main network will increase tenfold in 2025

Looking forward to 2025, the number of nodes in the main Pi Network has seen significant growth.

In March, when Pi reached all-time highs, reported Piscan has 23 active nodes on the main Pi Network. Since then this number has increased tenfold.

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As of December, the main network hosts 296 active nodes, most of which are based in Vietnam, South Korea, Hong Kong and the United States.

This growth indicates that more investors are willing to take a bigger role in the network, reflecting long-term confidence in the future of the network. The Pi Core team Expanding node-related applications by investing in OpenMind.

As mining premiums increase, Node operators benefit first. This increase can also encourage new users to join Join the ecosystem.

JB Exchange commented “This growth is another reminder that the eBay network is not stagnant, but rather evolves every month with tangible progress fueled by millions of active pioneers.”

Pai’s journey back to previous highs – and to a new record high – could still be difficult as the price has fallen more than 90%.