I don't know how HBARS are created. I think they were made from day 1 and all available bitcoins could also be made from day one, but to incentivize people to pony up their internet electricity and hardware for the network verification of transactions mining was thought up.
Generating just any hash for a set of bitcoin transactions would be trivial for a modern computer, so to turn the process into "work," the bitcoin network sets a certain level of "difficulty." This is what I understand as mining. A puzzle where computers guess at it until one guesses right. This hap ends every 10 minutes on average.
It makes the puzzle gradually harder and halves the reward every 4 years for reasons*. This seemed ok at first but as it turns out this makes the bitcoin network not scale at the level needed to replace Visa as the network gradually gets slower & more expensive intentionally to avoid forks and other reasons*.
For more info on the bitcoin scaling problem look here.
Hashgraph sidesteps that scaling problem by removing mining entirely and using an entirely new ledger structure, the Hashgraph. I am not certain if that is why all the HBARS are already made. They are locked up and are to be gradually released for reasons*.
But Hashgraph is still aiming to become a decentralized network, and requires computers for it to validate transactions. Even thought HBAR can't be mined there is still an incentive to pony up your computer and electricity.
You can't mine more HBAR, but soon you can set up a node and get transaction fees for it. Or you can own HBARS and lend them to nodes and get a transaction fee for that.
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