Mining creates new coins for proof of work type cryptocurrency. It is a complex system. You create a new coin by having a computer “work” to calculate a mathematical combination. Each new combination it guesses creates a new coin, or part of a coin.  For proof of stake, coins are created by having computers calculate in a pool together to come to a consensus. A consensus validates the coin. This is called “minting” or “validating” instead of mining. The more someone participates in validating, the more coins or parts of coins they earn. It uses less energy compared to proof of work. Last Reviewed: March 2023