In the cryptocurrency world, mining is the development of a unit of currency by using computational power to solve a series of very difficult mathematical problems or puzzles. Instead of trusting in one regulatory authority, you trust in the decentralized system. Instead, the market is overseen by cryptocurrency miners and network nodes. ![]() Instead, cryptocurrency is a digital currency with no central authority serving as a sort of regulatory body.Ĭryptocurrencies are referred to as “trustless,” because there is no regulatory body to put your trust in. Cryptocurrency is not fiat money like paper dollar bills. Cryptocurrency is not a traditional currency with a central bank in a nation, like the U.S. Like many financial concepts and assets, cryptocurrency has a language all of its own. It sounds strange to speak of the process of mining and a currency at the same time. If you are considering investing in cryptocurrency, you may want to talk to a financial advisor since cryptocurrency investing is not for beginning investors due to its extreme volatilityi. To put the hash rate in perspective, let’s look at the role a cryptocurrency miner plays, along with the mining process. Mining the digital currency is extremely competitive and the hash rate plays an important role. Even though the Securities and Exchange Commission (SEC) is going slowly in approving digital currency for trading in the financial marketplace, it has approved a digital currency product for JPMorgan. The faster the hash rate, the more profit a cryptocurrency miner can make. The text inside the red box reads "Contains the equivalent of 5.3 g of dried cannabis / Contient l'équivalent 5,3 g de cannabis séché".A cryptocurrency’s hash rate, also called hash power, is the measure of a cryptocurrency miner’s performance. Figure 1 - Text descriptionĮxample of an edible cannabis product label with the third and fourth line enclosed in a red box. Simply add together the numbers of equivalent grams from the labels of different cannabis products purchased, to ensure you are within the 30-gram limit for public possession for non-medical purposes. ![]() Look for the statement "Contains the equivalent of # g of dried cannabis" on the product label. Labels for cannabis products sold at retail stores state the dried cannabis equivalent amount for the product. You are encouraged to consult the Cannabis Act and the applicable regulations. We offer no representation as to the accuracy or completeness of the information given by this calculator or on this site. The information is also not meant to replace professional or legal advice. You are responsible for respecting the laws of the province or territory you are in. Results depend on the accuracy of the information you enter. This calculator is for your convenience only and should not be relied upon exclusively for determining the amount of cannabis that an individual may possess in public. This calculator is not intended for use for cannabis for medical purposes where the public possession limits for authorized patients may be different than the 30 grams allowed for non-medical purposes. ![]() You can use this tool to help you stay within the legal public possession limit when you have different classes of cannabis products, such as: The law says an adult may possess up to 30 grams of dried cannabis, or its equivalent, in public for non-medical purposes.
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