How does mining work for generating new coins?

Mining is the process by which new coins are created. It involves solving a complex cryptographic problem to be awarded with a block of newly created coins. This process requires the miner to use their computing power to solve the cryptographic problem. The more computing power they use, the higher their chances of being awarded with newly minted coins. Once a miner solves the problem, it is added to the public blockchain ledger and a new coin is created.