Pi Network’s Mining Rate Drops to All-Time Low, Issues Lock-Up Reminder to Users

The Pi Network has implemented a fresh reduction in its mining rate and issued new guidance encouraging community members to lock up tokens. The team made the change to maintain the ecosystem’s sustainability in the face of market volatility.

Pi Network Slashes Mining Rate by 8%

On August 1, the mining rate of the Pi Network was reduced by 8%, from 0.0030165 π/h to 0.0027746 π/h. This figure represents the lowest rate ever recorded since the network started mining. It shows a continued effort to reduce token emissions while supply increases. Woody Lightyear, a Pi community lead, pointed out this reduction in a recent X post.

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

Furthermore, the Pi Core Team reminded users of the Lockup option designed to strengthen network stability and incentivize long-term participation. Users can voluntarily lock up Pi either before or after migrating to the mainnet.

For those who haven’t migrated yet, pre-migration lockups can be configured in the app under the “Mainnet” tab. Post-migration lockups, set within the Pi Wallet, apply directly to already transferred Pi. In addition to protecting the ecosystem, these lockups give users rewards by raising their mining rate.

Both types follow the exact reward calculation mechanism, as detailed in the 2021 whitepaper. Once committed, lockups cannot be reversed. They reflect the project’s core philosophy of encouraging pioneers to think long-term rather than focusing on short-term price movements.

Pioneers are already moving to commit their coins to the network’s long-term growth. As CoinGape reported, whales locked up over 3.3 million Pi tokens in the space of 24 hours. This suggests a strong belief in the Pi Network, especially considering that the Pi coin has been steadily declining, down over 22% in the past month.

In a separate message, the Pi Core Team advised users to enable two-factor authentication, the third item on the Mainnet checklist, to ensure a seamless migration. There are rumours that a significant announcement or a new stage is imminent following this reminder.

Pi Network’s Minor Changes Leave Community Wanting More

In a recent post on X, Woody Lightyear criticized the direction of Pi Network’s recent app updates, suggesting they appear to be filler content rather than meaningful progress. According to him, the updates appear to be an attempt by the Pi Core Team to maintain user engagement while keeping significant developments hidden from the public. 

Recently, TransFi joined the Pi Wallet as the latest fiat on-ramp, sitting alongside Banxa and Onramp Money. This addition allows users to buy Pi using familiar methods like credit cards, Apple Pay, and Google Pay.

There is also a growing conjecture regarding a possible collaboration with Binance. The community’s expectations for an official listing were bolstered by the addition of new Binance  Support options to the Pi Wallet’s help section.

Meanwhile, on August 1, more than 19 million PI tokens went into circulation, bringing the total supply to over 7.76 billion PI. The Pi coin price has fallen by almost 14% in the past day, trading at about $0.349.