What is mining?

Mining — provision by users (miners) of the computing resources for execution of different mathematical operations on maintenance of a distributed network (blockchain) and creation of new units of transactions. In an award for an involvement in mining, users receive newly created cryptocurrency (for example, bitcoin) and also the transactions commission.

The made mathematical computation is required for support of protection against repeated transactions, and reward stimulates people to spend the computing power and to support the operation of networks.