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mining cannabis coin?

Discussion in 'Marijuana Consumption Q&A' started by ThreadNecro, Oct 20, 2014.

  1. #1 ThreadNecro, Oct 20, 2014
    foreword- i think i might be in the wrong section, so if i am i apologize
     
    so i made a post earlier asking if there was a way to, in essence, generate free bud as im in a financial sinkhole. i got a really great response, which was "silk road." i dont pay for my electricity so mining would be a free venture. i definitely cant mine bitcoin but i looked into a cryptocurrency called cannabis coin which i gather is very light and backed by the cost of a gram of weed. 
     
    i was wondering if anyone had any recent experience mining this coin or had any alternate coins that are for cannabis specifically 
     
     
    as always, any input is appreciated

     
  2. #2 Forked Up2, Oct 20, 2014
    Would it kill you to get a job?
     
  3. #3 ThreadNecro, Oct 20, 2014
    possibly...
    would it kill you to lay off the trolling
     
  4. #4 Forked Up2, Oct 20, 2014
    Possibly. 
     
  5. #5 ThreadNecro, Oct 20, 2014
    and to detract from the fact that i asked a question, im taking 15 credit hours at ucla. after i get out of class i need to take a bus, which takes about an hour and a half, to my mothers house to watch my siblings. my choice was to live poor now so that i wouldnt be some sad 40 year old man still working at mcdonalds.
     
    your post was unfounded and asinine 
     
    hopefully theres someone out there that would like to help as opposed to judge my life decisions
     
  6. #6 UpliftDrummer, Oct 20, 2014
    i dont get how you mine coins could you explain? 
    the dark net is so confusing lol
     
  7. #7 ThreadNecro, Oct 20, 2014
    Last edited by a moderator: Oct 20, 2014
     from what i have gathered so far
     
    cryptocurrency (ex. cannacoin, bitcoin) is a form of decentralized currency that is dependent on miners to process transactions. when you mine you are using your own processing power to hash out long strings of numbers and in return you are rewarded with the currency you were processing. when a "block" has been processed the next one is supposed to be harder to process, so scarcity and value increases. so if you were one of the first people to start processing a currency, you could potentially acquire thousands of coins. if a coin then gets very popular you could be sitting  on a very large amount of money.
     
    the reason cannacoin interested me so much is because they implemented the green (gold :)) standard. every coin is equivalent to one one gram of weed. also there is a type of machine called an asic miner, which is built specifically to process these blocks as fast as possible. this leads to home pcs being obsolete, as the cost of electricity would far outweigh the % value of the block you would receive. cannacoin did something interesting here too as it bars asic miners, so that everyone has the opportunity to earn and be part of the community.
     
    i hope that gives a general idea of what a miner is. im kinda all over the  place as its been a while since i could last sleep.
     
    oh and if anyone sees that im spreading misinformation, please correct me :)
     
    edit-- i forgot to mention that they have their own community of growers and a marketplace, which you have to be a verified mmj patient to utilize. so its a major plus that you wont have to deal with the shady underbelly of the internet to purchase mmj
     

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