Launched in 2019 by Stanford PhDs, Pi Coin promises users to mine cryptocurrencies just by hitting a button on their mobile phones. Its isolated mainnet makes it untradeable on major exchanges even with its estimated 50 million users by 2025. Pi’s approach is more of a referral-based incentive system than genuine mining, which calls for strong GPUs or ASIC miners tackling challenging arithmetic problems. This paper refutes Pi Coin’s mining claims and explains why actual decentralization calls for a lot of computational capability. We expose Pi’s concept as a marketing ploy rather than actual mining by comparing it with the 200 EH/s network of Bitcoin.