When will Pi mining rewards end? Revealing what you must know before the mainnet launch

KYC Certification Deadline Approaching: Seize the Final Opportunity

Pi Network has entered a critical period. According to the latest official notice, the deadline for KYC (Know Your Customer) certification is November 30, 2024. This is not just an ordinary administrative deadline but a watershed moment that determines whether users can obtain Pi tokens after the mainnet launch.

What does missing this deadline mean? Your Pi mining rewards may be at risk. Although Pi Network has set a grace period timer for overdue users, the specific rules for this “grace period” are yet to be announced. For users who want to participate in mainnet trading, completing KYC now is a wise move.

After the deadline, Pi officials plan to release a more detailed roadmap for the public version of the mainnet, which will directly impact Pi’s tradability on exchanges and its market value.

The Truth About Pi Mining: When Will Rewards Stop?

Many new users are most concerned about: When will Pi mining end? The accurate answer requires understanding Pi’s reward reduction mechanism.

Pi Network employs a decreasing model similar to Bitcoin’s, but in a completely different way. Traditional Bitcoin uses energy-intensive PoW mechanisms, while Pi adopts the Stellar Consensus Protocol (SCP)—a low-energy solution based on federated Byzantine consensus. This means Pi will not face restrictions similar to Bitcoin mining due to environmental concerns.

Pi’s reward reduction is mainly controlled by the following factors:

1. Annual Supply Cap Decreasing Year by Year
Pi Network stipulates that the annual mining reward cap decreases each year. It’s not a sudden stop but a continuous decay process. This gradual supply control ensures:

• Early participants receive more rewards (similar to BTC’s “participation dividends”)
• Rewards for later participants gradually decrease
• The entire process is smooth and predictable

2. Impact of Lock-up Coefficient and Supply Balance
The calculation of the annual cap also considers the lock-up coefficient (the proportion of tokens locked) and remaining supply. This means that even in later stages, active participants can still earn rewards, just at a decreasing rate over time.

3. New Mechanisms After Mainnet Launch
Once the official public version of the mainnet is online, Pi Network will activate new mining mechanisms. These will more precisely control reward distribution and may introduce diversified contribution methods such as node operation, application usage, and Pi locking, each with corresponding rewards.

Supply Overview: From 10 Billion to Actual Circulation

Understanding Pi’s maximum supply is crucial for grasping its long-term prospects.

Pi Network’s total fixed supply is 10 billion PI (100,000,000,000), which is a hard cap. However, the actual circulation is more complex:

Current Data (as of December 26, 2025):

• Circulating supply: 8.37 billion PI
• Current price: $0.21
• Market cap: $1.72 billion

This means about 84% of Pi has entered circulation. How the remaining 16% will be allocated is a key market focus.

Distribution Structure (80/20):

• 80% (8 billion Pi) allocated to the community:

  • Mining rewards: 6.5 billion Pi (about 3 billion already distributed during testnet; after KYC, may be reduced to 1-2 billion)
  • Community organizations and ecosystem development: 1 billion Pi
  • Liquidity funds pool: 0.5 billion Pi

• 20% (2 billion Pi) reserved for the core team:

  • Unlocks in sync with community mining progress
  • May be subject to additional lock-up conditions imposed by the team

The Practical Meaning of When Mining Will Stop

The key question is: When will Pi mining truly “stop”?

Strictly speaking, Pi mining will not completely cease but will gradually decay toward near zero. This process is expected to last many years. According to the decay formula:

• Rewards in each cycle are lower than the previous one
• Ultimately, rewards will become extremely tiny but never exactly zero
• This is consistent with Bitcoin’s design philosophy

However, in practical terms, when rewards decrease to single-digit Pi or even smaller decimal places, many users may stop daily login mining because the earnings no longer justify the time investment.

For users wanting to calculate a “meaningful mining period,” this timeframe might be 3-5 years, after which the main reward mechanism may shift toward incentives for node operators, application developers, and token lock-up participants.

Mainnet Launch: From Testing to Real Trading

Pi Network is currently in the closed-source mainnet phase (since December 2021). During this phase, Pi can only circulate within the Pi ecosystem and cannot be traded on external exchanges.

Expected public mainnet launch: late 2024

Although no exact date has been announced, multiple signals indicate this time is approaching. After the mainnet’s public version launches, Pi will achieve:

1. Listing on external exchanges: Pi can be traded on traditional centralized exchanges, enabling real market price discovery
2. Integration with decentralized exchanges: Users can trade peer-to-peer
3. Cross-chain integration with other blockchains: Potential connection with mainstream blockchain ecosystems

How to Maximize Your Pi Gains

During this pre-mainnet window, users can optimize their earnings through various methods:

1. Complete Security Circle Construction
Invite trusted friends to join your Security Circle, which not only enhances account security but also increases mining speed. Each valid Security Circle member contributes additional Pi rewards.

2. Serve as a Community Ambassador
Actively recommend new users to join Pi Network to earn a proportion of their contributions. This is a long-term, passive income source.

3. Participate in Special Reward Periods
Pi Network periodically hosts “Reward Epochs,” where completing specific tasks (such as using the app, locking tokens, running nodes) can earn extra Pi.

4. Prepare for Node Operation
If you have sufficient technical knowledge, consider running a Pi Node at home or in the office. Node operators hold a special position in the ecosystem and will receive more benefits and rewards during the mainnet phase.

In-Depth Token Economics

Pi’s design is not unique among cryptocurrencies, but its implementation is quite cautious. The token economic model reflects the project’s commitment to community ownership and sustainable growth.

Advantages of the decreasing supply strategy:

• Prevents runaway inflation
• Rewards early participants
• Leaves room for long-term ecosystem development
• Manages psychological expectations similar to Bitcoin

Challenges faced:

• How to maintain user activity as rewards diminish
• How to compensate for decreasing mining rewards through other incentives (application usage, liquidity provision, etc.)
• How to sustain long-term token value without increasing new supply

Core Checklist Before Mainnet Launch

Immediate Actions:
✓ Complete KYC certification before November 30, 2024
✓ Prepare compatible crypto wallets (Pi official wallet or supported third-party wallets)
✓ Ensure the security of your Pi account, enable all security verification features

Ongoing Maintenance:
✓ Log into the Pi app daily, tap the lightning button to maintain mining chain
✓ Improve your Security Circle and referral network
✓ Follow official channels for the latest announcements

Knowledge Preparation:
✓ Learn basic crypto wallet operations
✓ Recognize that Pi currently has no fixed market price; after mainnet, price will be determined by market supply and demand
✓ Beware of phishing sites and scam apps impersonating official sources

Frequently Asked Questions

Q: When will Pi mining stop issuing rewards?
A: Pi uses a decreasing model; rewards will not suddenly stop but decline year by year. The meaningful mining period is estimated to be 3-5 years, after which rewards will become extremely small.

Q: Where else can I trade Pi?
A: Before the public mainnet launch, Pi can only circulate within the Pi ecosystem. After launch, it is expected to be listed on both centralized and decentralized exchanges.

Q: What happens if I miss the KYC deadline?
A: Pi Network will set a grace timer for overdue users, but specific rules are not yet clear. It’s recommended to complete verification early to avoid risks.

Q: When will Pi’s true value be determined?
A: Only after the mainnet is publicly launched and Pi is traded on real markets will its price be determined by supply and demand. Currently, all trading is speculative and unofficial.

Q: Will mining on my phone consume a lot of power?
A: No. Pi’s Stellar Consensus Protocol is low-energy and will not significantly impact your phone’s battery life or data usage.

Summary: Seize the Opportunity Before Mainnet Launch

Pi Network is at a critical juncture transitioning from testnet to real trading network. For a project with over 45 million active participants, this shift will determine whether Pi can realize its vision of “making cryptocurrency accessible to everyone.”

During this pre-launch phase, ensuring your account is fully prepared is crucial: complete KYC, optimize your Security Circle, prepare your wallet, and stay updated with official news. When Pi truly enters the open market, you will be glad you prepared early.

The decay of Pi mining rewards is predetermined and predictable, which is a rational aspect of its design. The real opportunity lies in understanding this mechanism, capturing early participation dividends, and finding your role in the ecosystem—whether as a miner, node operator, or application user.