Weekly Crypto News Update: 20th – 25th May

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.

Bitcoin Mining: A Beginners Tutorial

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.

SGT Sets the GOLD Standard for 2018 ICO Growth Potential

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.

Top 6 ICO’s of Second Quarter 2018

ICO’s continue to be one of the best ways to multiply wealth in crypto, however, the current sentiment with ICO’s is getting a little flustered with all the scams, regulations and KYC issues.

There are way too many start-up projects asking for your funds and the new market is over saturated and this is a bit confusing for the crypto enthusiast and the market cap.

Electroneum: Mining, Buying & Future

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.

Masternodes in CryptoCurrency

Bonded validator systems, also known as masternodes, are a group of servers that support blockchain networks.

They are parts of the network that enable services and actions that miners can not provide in a Proof of Work scenario.

CryptoCurrency Mining in 2018: The Definitive Guide

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.