Mining is the process by which new crypto coins are created. This 'creation' only occurs after miners solve complex mathematical equations.
Miners are in a rather competitive race against each other to solve those equations. Once a miner finds the solution, a group of blocks gets added to the ledger. Afterwards, as a reward, the person who solved the equation receives crypto and fees for the transactions that are added to the blockchain ledger.
"What? It's that easy?" Don't be mistaken. Those equations are extremely hard to solve and the computing power that is consumed just to get to that point is crazy. You'd need a very expensive setup to be able to mine properly. And even then, you can't be sure whether you'll be the first to solve that equation.
In any case, we hope that you've become a bit more familiar with what mining is all about now!
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