1. Mining Accessibility
Pi Network: Allows users to mine using smartphones without the need for expensive hardware and high energy consumption.
Bitcoin: Requires specialized mining equipment (e.g., ASICs) and significant power resources, making mining less accessible.
Ethereum: Although it can be mined using GPUs, it still requires high hardware specifications and power consumption.
2. Decentralization and Node Count
Pi Network: Achieves high decentralization through mobile mining and a global trust graph (Security Circles), potentially surpassing Bitcoin and Ethereum in node count.
Bitcoin: Highly decentralized but with a relatively fixed number of nodes, mainly concentrated in mining pools.
Ethereum: Highly decentralized but node count and distribution are limited by mining hardware and costs.
3. Energy Efficiency
Pi Network: Mining process does not consume significant power, making it environmentally friendly and cost-effective.
Bitcoin: Mining process consumes a large amount of electricity, having a significant environmental impact.
Ethereum: Although planning to transition to a PoS (Proof of Stake) mechanism to reduce energy consumption, it currently relies mainly on PoW (Proof of Work).
4. User Participation and Community Building
Pi Network: Lowers the barrier to user participation through simple mobile operations and daily check-ins, promoting rapid community growth.
Bitcoin: Community mainly consists of technical personnel and miners, with lower participation from ordinary users.
Ethereum: Active community but with relatively high participation barriers, mainly involving developers and tech enthusiasts.