Armed with little more than a smartphone and a dream, inexperienced cryptocurrency investors in Vietnam are hoping to hit it big with Pi – a cryptocurrency that can be mined from a phone. As the crypto-craze in Vietnam continues being fueled by skyrocketing bitcoin prices and overnight millionaires, investors in the country are looking for low-barrier avenues to make their own fortunes on digital currency. Enter Pi, a relatively new digital token that can be mined through the Pi Network app, advertised as "breakthrough tech [that] allows you to mine [Pi] on your phone without draining your battery." Unlike conventional cryptocurrency mining, which involves the use of significant computer power to verify the legitimacy of transactions in order to earn tokens as a reward, obtaining Pi only requires ‘miners’ to log into the application and tap a button every few hours. With such a low barrier to entry, Pi mining has pulled in scores of Vietnamese crypto-newbies in recent weeks. “We've missed the boat on bitcoin, so many of us have switched to mining Pi,” said Duc Danh, a Facebook user in Ho Chi Minh City. “There's nothing to lose. “After a few years, if the project succeeds, each Pi could be… Read full this story
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