Mining is the validation of blockchain transactions. Successful miners obtain new cryptocurrency as a reward for this crypt search. The reward decreases fees and affords complementary incentives to contribute network processing power. Hash generation provides transaction validation via the use of specialized machines running complex algorithms. The pursuit is for cheaper and more hyper-energy efficient complete-capability compute power.
“Blockchain is a technology that enables secure and transparent transactions without the need for intermediaries such as banks. It is a decentralized ledger that records transactions across many computers so