Proof of Stake (PoS) is an alternative to Proof of Work (PoW) where mining power is based on how many coins a person holds. Essentially, new coins are created as interest paid on existing coins.
Cryptocurrency mining, it is more like running software that cracks codes and plays digital accountant than hitting rocks. Still takes work though.
If you want to mine any major cryptocurrencies these days, you essentially need to join a mining pool and have ASIC mining hardware.
New Bitcoins are created through a process known as bitcoin mining. There will never be more than 21 million bitcoins created.
Learn everything you need to know about mining Litecoin in 30 minutes or less.
In cryptocurrency, proof-of-work (PoW) is system that uses hard-to-compute but easy-to-verify functions to limit exploitation of cryptocurrency mining.
Bitcoin mining is a way of describing the process of confirming transactions to the block chain. This process creates new bitcoins.