I am new to cryptocurrency and would like to learn more about it. According to what I've heard, mining requires powerful electrical hardware. Despite the fact I don't want to do that, I want to know that mining affects the overall volume of a particular currency. If anyone knows how this works, please let me know.

As you said you will need very powerful computers in order to engage in mining. Basically you would be involved in building the blockchain - that is data will be added as transactions are made on the network and the computers will be recording such transactions as well as validate them, and as a result resources are accumulated and new crypto coins get generated.

Mining is a crucial process to the world of cryptocurrency. Combining computer processing power, an internet connection, and a special mining software, you can mine for various coins. Mining can be done in one of three ways: Solo mining, mining pools, or cloud mining.