Cloud Mining Platforms Advertise High Daily Earnings Up to $8,000 for Crypto Miners

13 hour ago

Cloud mining services are promoting lucrative opportunities for individuals to earn passive income from cryptocurrency mining without the need for expensive hardware or technical expertise. Two prominent platforms, 8HoursMining and Oak Mining, have highlighted their offerings, with reported daily profits reaching as high as $5,313 and over $8,000, respectively.

8HoursMining, described as a leading cloud computing platform, enables users to participate in Bitcoin mining by purchasing computing packages. The platform leverages globally distributed mining farms and advanced computing power scheduling to provide stable operations and real-time profit settlements. According to platform data, some users have earned up to $5,313 per day. Key features include a $18 sign-up bonus, bank-grade fund security, support for multiple cryptocurrencies (including BTC, ETH, LTC, USDC, BCH, SOL, DOGE, XRP, USDT-TRC20, and USDT-ERC20) for deposits and withdrawals, flexible computing power adjustments, zero additional fees, and an affiliate program offering up to 3% + 2% referral bonuses and monthly rewards up to $50,000. Contract examples range from a $100 experience contract over 2 days to a $9,700 Antminer S19K Pro plan over 27 days, with fixed returns.

Oak Mining similarly offers cloud mining services, allowing users to mine Bitcoin (BTC), Dogecoin (DOGE), and Ripple (XRP), among others. The platform promises daily earnings potential exceeding $8,000, with a $18 welcome bonus upon registration. It emphasizes security through partnerships with McAfee and Cloudflare, a 100% uptime guarantee, and 24/7 technical support. Flexible plans include options like the Beginner Experience Contract ($100 over 2 days for $3 daily income) and higher-tier contracts such as the Antminer S21 XP Immersion ($8,000 over 27 days for $128 daily income). Oak Mining also supports multiple payment methods and a referral program with similar incentives.

Both platforms aim to democratize cryptocurrency mining by eliminating barriers like equipment costs and maintenance, targeting both beginners and experienced miners through transparent and efficient operations.

BTC $106158.00 -3.60%
News promotes cloud mining accessibility, potentially increasing retail BTC demand through simplified participation. However, these platforms appear as marketing-driven services rather than institutional adoption catalysts. The fundamental impact is mildly positive but limited in scale. Combined with current technical weakness, this suggests minor short-term support rather than significant price catalyst. Long-term, broader mining accessibility could support network decentralization and adoption narrative.
Technical analysis
Strong bearish momentum confirmed across timeframes: RSI deeply oversold (23-37), MACD negative, price below all EMAs. Volume below average suggests weak buying interest. Technicals contradict any bullish news narrative, indicating continued downward pressure.
DOGE $0.16 -10.67%
News highlights cloud mining platforms including DOGE among supported coins, potentially increasing mining participation and demand. However, these are promotional ads from unverified platforms, not institutional adoption. The sentiment is mildly positive but lacks credible fundamental catalysts. Combined with current technical weakness, this suggests limited short-term upside potential. Long-term depends on actual platform adoption and user growth metrics.
Technical analysis
Strong bearish momentum confirmed across timeframes: RSI deeply oversold (25-28), ADX high (40+) indicating strong downtrend, price below all key EMAs. Volume below average suggests weak buying interest. Technicals contradict any bullish news narrative.
XRP $2.29 -8.57%
The news represents minor positive sentiment as cloud mining platforms now include XRP among supported cryptocurrencies, potentially increasing accessibility and mining participation. However, these are promotional announcements from commercial platforms rather than fundamental adoption drivers. The impact is limited as these platforms primarily focus on Bitcoin mining with XRP as a secondary option. Short-term price reaction likely muted given the promotional nature and lack of institutional backing. Long-term, broader mining accessibility could support network participation but depends on actual user adoption rates.
Technical analysis
Technical indicators show bearish momentum with RSI at oversold levels (31-38 across timeframes), MACD negative, and price below key EMAs. Volume is below average, confirming weak buying interest. The downtrend contradicts any positive fundamental news.
Sources
How can you generate consistent daily income with Global Cloud
thecoinrepublic.com 03.11.2025 17:05
Crypto fund price war erupts as markets open to UK investors; BlackchainMining leads new investment frenzy
crypto.news 03.11.2025 15:11
Cryptocurrency investors flock to CreditBlockchain: Earn passive income every day
AMBCrypto 03.11.2025 15:05
Top Today
4 hour ago 5 sources
GrantiX Launches AI-Powered SocialFi Platform to Onboard $1.57 Trillion Impact-Investing Market
5 hour ago 6 sources
Ethereum Foundation Revamps ESP Grants Program with Strategic Wishlist and RFP Model
ETH -7.42%
6 hour ago 7 sources
Toncoin Plummets 9% as Nasdaq Warns TON Strategy Over $273M Token Purchase Rule Violation
TON -12.93%
8 hour ago 19 sources
Ripple Expands US Market Reach with Prime Brokerage Launch for Institutional Clients
XRP -8.57%
RLUSD
10 hour ago 5 sources
Berachain Halts Network and Token Operations Following Balancer V2 Exploit
HONEY -7.35%
ENA -11.04%
10 hour ago 11 sources
Animoca Brands Plans Nasdaq Listing via Reverse Merger with Currenc Group
11 hour ago 9 sources
Standard Chartered CEO Forecasts Blockchain to Revolutionize Global Finance