Crypto mining is the process by which new cryptocurrency coins or tokens are created and transactions are verified and added to the blockchain digital ledger. It involves solving complex mathematical problems using computer hardware.
Miners use powerful computers to solve complex mathematical problems that validate transactions on the network. When a problem is solved, the miner adds a block of transactions to the blockchain and is rewarded with cryptocurrency.
Different cryptocurrencies require different mining hardware:
Many miners join mining pools to combine their computational resources and share the rewards proportionally based on the amount of work they contributed.