Labor Theory of Value in Cryptocurrency

Is there anyone aware of cryptocurrency being used to implement labor theory of value?

Labor theory of value is the backbone of communism. It states that an item that takes 8hrs to produce will be paid the amount of gold that is mined in 8hrs. (Which is suppressive broken logic, but that's a bit off topic for this post)

A big issue with implementing labor theory of value is that currency isn't mined. The US dollar isn't backed by gold and is inflated and printed willy-nilly. This has been a roadblock in labor theory of value.

However, cryptocurrency is mined.

So is anyone aware of any movements pushing to use cryptocurrency to implement labor theory of value.