Pi Network is undergoing a pivotal transition as it prepares for the launch of its Open Mainnet, with the mining rate set to decrease significantly. This change marks one of the most substantial adjustments in the network's history, driven by rapid user growth and the need to maintain ecosystem balance.
The current base mining rate stands at 0.0027551 Pi per hour, a sharp decline from earlier rates, such as the initial approximate base of 0.0047 Pi per hour in 2025. Scheduled reductions in March and September further tightened mining conditions, and experts anticipate the rate could drop to 0.001 Pi per hour or cease entirely post-Mainnet launch, ending the prolonged mining phase.
User adoption has accelerated, with the network surpassing 60 million total users and over 30 million active miners. Validation is supported by 200,000 to 500,000 active nodes, and transaction speeds remain stable at 48 to 49 transactions per second, underscoring infrastructure reliability.
Community reactions are mixed: long-term miners view the reduction as positive for scarcity and potential price appreciation, while newer users express concerns over diminished earnings. The shift signals Pi's evolution from a passive mining model to a functional economy.
Market prospects are uncertain, as Pi lacks an official price but sees unofficial IOU trading around $0.20. Analysts predict high volatility upon Mainnet launch, with long-term growth expected to hinge on utility expansion and reduced token inflation.