That said, there is clearly scope for cryptocurrency; it has been a fairly decent store and even creator of value and wealth during the pandemic. How it works is still a mystery to me and why it goes up and down is mostly a complete unknown. It is said that the market is controlled by some big players who can make or break you if they wish, which seems to be a bit dangerous, but hey, no risk, no fun!

For those of you unwilling to risk your own money on Bitcoin at this stage (very wise if you ask me…let The Money Mountain take the risk for you: read our experience here, here and here), we wrote a review about the Pi Network a few weeks ago. I won’t dwell on Pi for too long as it is well covered in Chris’ article, but it is a zero risk way to get started with crypto – suffice to say, risk is low, return is low. Right now we’ve built up a bank of several thousand Pi which are worth the square root of nothing, but we live in hope that one day they might be worth a dollar or two a piece, in which case this will have been a very lucrative exercise.

Bee Pie?

But enough about Pi, and on to Bee.

We figured “in for a penny, in for a pound.” The Pi experience has been very positive so far, so why not try something similar, which is exactly what the Bee digital currency is?

We’d danced around it for a while, we’d heard rumours that it was a bit “spammy,” but dear reader, as we have been doing since day 1, we dived on that grenade for you.

Firstly the reviews are well above 4.5 on Google Play, which is always a good sign, but in a nod to the world in which we live today, the reviews seem to either be 5 or 1 star – there is no room for nuance or middle ground in the world of crypto. You are either Coca-Cola or Pepsi, you can’t like both.

Sign up was easy, it needed the usual data (email, phone number and a name, although this isn’t displayed anywhere, unless you use it as your screen name also). Within around 3-4mins I was up and running and earning Bee. As with Pi we wanted to wait a while before we wrote a review about Bee, and while we didn’t wait as long this time, I’ve been watching things very closely since I signed up for any signs of greater power or data consumption, but there is nothing obvious. My battery needs charging once or twice a day depending on what I’m doing the same as it always did. I’ve seen no excessive data consumption and I’ve not seen any uptick in spam on my email account or on my phone i.e. via text. I’d say we’re in the clear.

Chop chop

Now a little more detail: Bee works more or less exactly the same way as Pi, i.e. as the number of users/miners increases, the earning rate goes down. Back in the good old days, early adopters were earning 1.6Bee/h; that halved at 100,000 users and halved again at 1m (which is where we are now), so today you will earn 0.4Bee/h plus a 25% bonus for everyone you sign up/who is in your team.

Here comes the really important part:

ON 18th January they reached 2m users, on 26th January they passed 3m users. Today, 8th February, the passed 4m, so the amount of users is growing rapidly. The next halving is at 10m (drops to 0.2Bee/h), so if you want to earn at the highest possible rate, you need to get your skates on! The crunch is, you will need a referral code, but as usual, The Money Mountain has got your back! Please use referral code: jacky0112

This gives you 1 free Bee to get you started and us a little boost too, for which we thank you most sincerely.

As with Pi, Bee is not worth anything yet, so this is pure speculation on what it may or may not be worth in the future, but it’s not going to cost you anything other than the occasional advert when you log into the app…which is nothing out of the ordinary and again, follows the Pi playbook almost 1 for 1.

Chris wrote about the need for specialist equipment as well as your own power plant to mine Bitcoin, so for those of you a little more risk averse, both Pi and Bee are the way in. As far as we can see there’s nothing to lose and everything to gain here.

We’ll keep you posted on developments and see how things are going in a month or so. In the meantime, we’ll be continuing the cryptocurrency theme next week in Chris’s next post, so make sure you tune in for that, if only because he’s an infinitely better writer than me.

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