Those seeking a coin backed by gold might do well to consider Acapulco Gold.
An increasing number of Washington state cannabis growers are becoming directly involved in crypto through barter, direct purchase and mining. Several informative exchanges, rich with technical content, have taken place between long-time miners and members of the Northwest Green Thumb Cannabis Grower’s Forum, within the #cannacoin IRC channel.
What we have here is a unique case of a cryptocoin that is not only strongly backed by a high-value, scarce, commodity but also by those that produce it. I can’t name another coin that has this kind of relationship with its intended audience.
Some growers are investing in their own mining rigs, that they see as just another piece of infrastructure that fits well in an already power intensive grow op. Others are choosing to lease mining resources, which are plentiful and cost-effective.
The evolution of this new ecosystem within a new legality in Washington should be exciting to watch.