How exactly do you "transform electricity into grams of gold"?
The process:
1. On the Goldmine pool you mine minable coins - this is the electricity part.
2. Than they sell those coins in exchanges (except BTC) and get BTC.
3. They sell BTC for USD and they reward miners with XAU at the same time.
4. They buy GOLD with USD and this is how newly released XAU get backed by gold.
5. Because of the beauty of this coin, there is more GOLD than needed for new XAU backing - the rest of the GOLD goes to commonwealth =
they increase the quantity of gold backed by every existing XAUHope this helps.