What is mining and how do miners make money?

Mining is the process of verifying and validating blockchain transactions and adding them to the public ledger (blockchain) through the use of computing power. Miners are rewarded with cryptocurrency, such as Bitcoin, for validating and verifying these transactions. This reward serves as an incentive for miners to contribute their computing resources to the network. The amount of the reward depends on the blockchain protocol but usually consists of a block reward and transaction fees.