How to mine Pi, the new cryptocurrency

Reading Time: 7 minutes
Share this post:

In this post I’m going to tell you how to mine Pi, a new form of cryptocurrency. I’m also going to touch upon blockchain and mining, and I’ll tell you how you can get in at the beginning of this new form of cryptocurrency for free with zero risk.  

Using this link I’ll send you one Pi and then you’ll be able to join other people building up a store of this currency.

Keep in mind that if you get involved at the start of a cryptocurrency’s life then it might be you who reaps those big financial rewards in the future.  

I wrote this post is in simple, easy to understand terms, mainly because that’s how I best absorb things and I’m new to this too, so writing this post is as much for me as it is for you. So keep up because there’ll be questions later.  If there are none then it’s because you’re the expert and you should be making this video, not me.

The trick is to start early! Start mining now, for free

What is Cryptocurrency? What is Bitcoin?

You’ve probably heard of Bitcoin and you may have been reminded recently that a Bitcoin was worthless when it was first issued in 2009 but is now worth around tens of thousands of dollars.

You may have seen those stories in the press about people scouring landfill sites for computer harddrives they had thrown away believing at the time that the contents were worthless (which they may have been then) but which contained records of ownership of Bitcoins that are now worth millions. Over time that worthless data has evolved into something of huge value.

Bitcoin: from $0 – X0,000’s in 12 years

How did this happen?  Can this be repeated?  Can we start collecting a new cryptocurrency that might have great value in the years to come? 

The answer is yes, we can.

First, let’s answer the question “What is a cryptocurrency?” Let’s break it down into its component parts and look at currency first.

A currency is the money that a country’s government defines as the monetary units to use in exchange for goods and services.  We all know this even if we take it for granted and don’t really understand how it works, yet we use it every day and frequently wonder how we could make more of it.

In the past money was sometimes in the form of shells, feathers, or pieces of gold.  Whatever the monetary unit it is an agreed and shared standard that can be exchanged for goods and services. 

The money that was made of gold had to be mined, but carrying gold around all the time was inconvenient and risky, so it was stored and receipts were issued instead and these evolved into the banknotes we see today.  

Here in the UK our banknotes still bear the phrase, “I promise to pay the bearer” which harkens back to the days when the banknote could be exchanged for the equivalent number of gold coins or sovereigns.  

As we increasingly become a cashless society most of our income and outgoings have been transferred to cyberspace.  The thing to remember is that a country’s currency is agreed and controlled by the government.  It is centralized, and for this system to work we rely totally on the banks and other payment providers to securely record all the transactions.

Some of the problems with this system include the fact that the banks get rich on our money and we have to pay fees for these services.   It also intrudes on our privacy.

Cryptocurrencies on the other hand are decentralized and they don’t exist in a physical form at all. People can pay each other with cryptocurrencies without the use of an intermediary who deducts a fee for the service and without intruding on the privacy of the two parties involved.  


Blockchain – chains of linked records

The ownership and records for cryptocurrencies are distributed and are not owned by any single authority.   The ‘coins’ and the records of ownership are stored in a digitized and distributed ledger called a blockchain.

A blockchain is a publicly accessible but heavily encrypted chain of records (blocks) that store data relating to ownership and transactions of cryptocurrencies. The encryption is carried out using  complex computer cryptography, hence the term cryptocurrency.

So you see, cryptocurrencies are open to everyone, wherever they are, as long as they have access to the internet.

Gold, Bitcoin, and Pi Mining

With me so far?  Now let’s look at mining. No, we’re not going down the pit with a Davy lamp. 

Centralized mining uses a lot of power

As with everything in cyberspace we’re going to use computers, but just like gold miners of old and the crypto miners of today there are rewards for those who put the work in (or in our case those who put their computers to good use). Mining is the term used to describe the process of using computers to earn cryptocurrency by validating transactions on a distributed record of transactions.

Remember how we said blockchain is a chain of records?  Well, it needs huge amounts of computer processing power to maintain those transactions and records. You can use centralized computers to do this but it uses a lot of electricity and is therefore not very good for the planet unless of course you’re using sustainable energy sources.

Another way of doing this is to use a decentralized network of miners, like you and me and our mobile phones and millions more like us. No additional electricity is needed and it doesn’t drain your phone’s battery power.

This method works best if each of us builds up a network of miners using our friends and colleagues.  The combined computing power of millions of people all over the world, each with their own mobile phone, can carry out millions of tasks and earn rewards for doing so.

Mining for your slice of the Pi

As we’ve seen, a cryptocurrency is a new form of digital money that is maintained and secured by a community, instead of by governments or banks.  You can mine (or earn) a cryptocurrency called Pi by helping to secure the currency and by growing Pi’s trusted network as it begins its life. While most cryptocurrencies like Bitcoin have been very hard for everyday people to use and access, Pi puts the power of cryptocurrency into the palm of your hand.

Today, the infrastructure for this new cryptocurrency is being laid down.  Pi is worth $0 at the moment, just as Bitcoin had no value in 2009, but early adopters and miners have the strongest chance of reaping the biggest returns in the years to come.

So use this link to download the app onto your phone and get mining. 

Remember, you have to be invited to use Pi by someone already mining so this is my invitation to you. Join my network and then start a network of your own.

Sometime in the future we may be in a position to look back on a smart decision that is now delivering a hefty financial reward.

If you have any questions, comments, or feedback please post them below.

Thanks for reading and good luck with your mining. Please share this post with your friends and colleagues who may also be interested in this venture.

How To Mine Pi

  1. Go to and choose your operating system i.e. Apple or Android
  2. Download and install the Pi Network App onto your phone
  3. Login into your account with your Facebook id or phone number (including the country code)
  4. Enter your password and confirm it
  5. Enter the invitation or referral code: redspan (This code is mandatory and using it ensures you receive your single Pi Coin as a bonus)
  6. Follow the app steps and just turn on mining
  7. Refer to your friend(s) to increase your hourly mining reward rate.
  8. Check your profile (top left menu, Profile and ensure your phone number etc are confirmed).
  9. You can close application no need to keep
Share this post:

Mortgage Calculator – where can I find a good one?

Reading Time: 6 minutes
Share this post:

I recently reached a point where I found myself once again looking for a good mortgage calculator. It’s not the most exciting thing to be doing online and yet working out how to pay off such a massive loan is certainly the most important next to getting healthy.

Things being what they are in this ongoing pandemic you might wonder why anyone would want to move house and change their mortgage.  The fact is that, as recently pointed out on Radio 4, some people have no choice.  Moving home is a necessity for some due to circumstances beyond their control.  

Besides, when interest rates are as low as they are now changing your mortgage might be a very good idea in the long run.  Not only that, negotiating a mortgage repayment holiday with your lender could be a huge weight off your shoulders if you’re going through the mill financially due to the impact of lockdown on your work or business.

For many though, the idea of rearranging a mortgage or taking out their first loan is a daunting prospect.  The fear of the unknown kicks in and it’s put off or avoided altogether.  This is a shame because there’s plenty of help available.  There’s so much that this assistance in itself can add to your bewilderment if you’ve borrowed so much money before, so stick to a few sites and concentrate on what they have to offer in terms of advice.

Home Sweet Home (for someone)

I remember when the site Money Saving Expert was first launched in 2003.  If only I had taken out shares in it!  It has since grown to such a size and it provides so much support that it long ago became a multi-million pound business in its own right.  It has a comprehensive section devoted to mortgages and home buying guides.  Everything is explained in plain English with no bias or vested interest in any of the products mentioned. 

The mortgage section on the Citizens Advice website is also packed with advice although it tends to assume you’ve come to them because you’re in difficulty so most of what first appears are sections explaining what you can do if you get into arrears or if you’re threatened with court action by your lender.  Let’s hope you never have to make use of that particular advice.

Most sites that offer advice on mortgages will include a mortgage calculator of some sort.  These vary in their ease of use and some are better designed than others.  The each perform the same calculations but some of the sites they are placed upon are cluttered with advertising and other distractions. 

Online Mortgage Calculator

Take for example  This one has a clear and uncluttered interface that does the job without anything getting in the way.  All you need to fill in is the amount you want to borrow, what the interest rate is going to be or is now, and the length of the term in months.  

For example, £200,000 at 3.86% over 30 years.  Put that in and click the button and it reveals that you’ll pay £938.76 each month for 30 years to pay off the loan in full (Repayment Mortgage), or £643.33 each month for 30 years if you pay the interest only, which means of course that at the end of those 30 years you’ll still owe the lender £200,000, which is of course an Interest Only mortgage.  

The pros and cons of each are that with the repayment method the house is yours at the end of the term but at higher monthly cost to you, whereas with interest only your monthly outgoings are much less but at the end of the term you’ll have to pay the loan off in full or sell the house and downsize.  That may not be such a bad idea if by then your children have left home and you don’t need such a large house, and the house will presumably have gone up in value anyway, which means you’ll have more equity left for your next purchase. On the other hand, if in those 30 years you’ve built and sold a business or your great aunt dies leaving you a healthy inheritance you might have £200k in the bank, in which case you can  pay off the loan and keep the family home.

The results also show the resulting loan and interest in a graphical format, and a month by month chart that shows how much of your repayments are made up of the interest and the capital.  As you repay your loan the interest upon it lessens proportionally, so as time goes on your monthly payment (assuming it remains the same amount) pays off more of the capital.  So in the last few years of the 30 year term your monthly payment is paying off mostly capital on the loan and very little interest.

Capital & interest. Source:

Below the site’s mortgage calculator results are many sections that describe the terms used and in which you’ll find plenty of advice that clearly explains all this terminology.  

If only they taught this sort of thing in schools to teenagers.  There ought to be classes for 15-16 year olds in financial management, budgeting etc that includes mortgages and pensions.   We keep being told that there’s going to be a pension shortfall due to an ever increasing ageing population and yet we don’t educate teenagers and young adults in how to provide for themselves.  I wish someone had sat me down and explained all this.  There’s no guarantee I would have acted on the advice given but I think every young person needs to have the financial talk. They should at least walk them through how to use a mortgage calculator.

Anyway, we’ve come to the end of my short piece on mortgages.  As always, make sure you get financial advice from reputable organisations and individuals. Don’t just trust what your friends and family tell you, however well meaning they may be. 

Independent Financial Advice

One final note on getting advice. is another site that’s worth a visit.  It provides a database of over 27,000 IFAs (Independent Financial Advisors).

When you go to see an IFA they should give you an introductory, no-obligation chat in which they will help you review all your finances.  They’ll be able to advise you on what you can afford to borrow and how you can best save for your pension.  They earn their money in the form of commission generated when they sell a financial product, which is fair enough.  There are some good ones out there so shop around.  

Share this post:
Exit mobile version