Mining is a process used by many cryptocurrencies. By using computing power, new coins are created by so-called “hashing”. In this way, it always costs in the form of electricity and computer components to create new coins. This can be compared with, for example, the extraction of gold. To extract gold, diesel, machinery and personnel are required, which in part makes the gold valuable but also limits the supply. This process is called PoW (Proof of Work) in the crypto world.