Cryptocurrency mining, in its most basic definition, is the process of confirming crypto money transfer transactions by solving complex problems by devices with special software and hardware, and as a result rewarding with newly produced cryptocurrency. In theory, anyone with a computer and internet can mine.

Transfers between wallets are transferred to a transaction pool (mempool) before being confirmed on most blockchains. Then, these transactions are combined to form a block. These blocks are written to the blockchain after being verified and approved by the devices connected to the network.