Hello guys and welcome again to Weekly crypto news update. Today we’ll discuss crypto events that are going to happen in this week.

As we know, “Consensus” event happened in a previous week and there are a lot of great things about crypto’s future discussed in it. I’ve streamed it live from my home and it had paid for my time.

There are a lot of great speakers spoken on it discussing the facts that how our payment system and worlds global operations can change by cryptocurrencies.

It gave me a lot of confidence which makes me more enthusiast about cryptos then I was before.

Now, let’s just discuss the events going to happen in this week.

There is no better time than right now to start mining for bitcoins. Bitcoin mining is a way to get bitcoins.

Lets be clear, mining for bitcoin is certainly not the easiest way to amass the coin, the cash or peercoin but it can be the most fruitful way to do it.

When Bitcoin was new, all you need was a computer to mine for bitcoin, today things are a little different.

You need specific hardware, a client and you need to run the setup continuously until you start to generate the coin.

To capitalize on the opportunity getting started sooner than later is critical.

Hello guys and welcome to the daily crypto news update. Here we will cover some specific crypto events which (may or may not) affect the price of that particular cryptocurrency. So without wasting any time, Let’s get into it.

One of the most exciting ICOs to recently pop on our radar is SGT, the SelfieYo Gold Token. SGT is an ERC20 token tied to the SelfieYo social network.

SelfieYo is a location-based app available on iPhone and Android — it enables time & location-based social networks that don’t require “friending” or “following” in the traditional sense of a social graph.

Their model brings a novel approach to how people can meet and chat with people nearby.

In the most basic sense, a hard fork in a cryptocurrency is when one currency will split into two seperate cryptocurrencies. People will often mistake this with a “soft fork”.

This is simply when a cryptocurrency will update to a new version, and abandoning the old version of the cryptocurrency.

Electroneum is a mineable cryptocurrency aimed at gaining the mass adoption of smart phone users, of which there are over 2 billion of.

This alt-coin allows nearly anybody, regardless of available technology, easy access to the cryptocurrency world.

What is Cryptocurrency Mining?

Mining is the process in which a host machine will communicate with the blockchain and ledger to process, confirm, and verify transactions.

Groups of these miner’s act as the backbone to any given cryptocurrency.

When a miner is working on processing transactions they are given payouts as incentive to continue to support the blockchain.

The majority of these payouts outweigh electricity costs, making it very profitable to mine cryptocurrencies.

However, a lot of the hardware required has a hefty price tag but some not so much.

Today I’m going to go over nearly everything about the mining processes of cryptocurrency, how much it costs, how much it could make, and how you can get started.