Ethereum News Today: Ethereum Withdrawals Hit $1.1B as Find Mining Launches Zero-Entry Cloud Mining with $12K Daily Earnings Potential

Find Mining has launched a zero-entry cloud mining platform as Ethereum (ETH) withdrawals from exchanges hit a record $1.1 billion this week, according to on-chain analytics platforms Nansen and Glassnode. Over 300,000 ETH—valued at approximately $66 million at current prices—have been removed from centralized exchanges in the past 72 hours, signaling a shift toward long-term holding strategies and on-chain staking activity. This trend aligns with broader market movements, as major cryptocurrencies including ETH, BTC, and Solana have surged over 18% since July, driving increased demand for computing power solutions [1].

The platform, which requires no upfront hardware investment, offers users access to blockchain mining via flexible contract plans. According to Find Mining, participants could potentially earn up to $12,000 daily, with returns varying based on cryptocurrency type and chosen contract duration. The service targets both novice and experienced investors by providing low-barrier entry points, starting at $15 for a one-day trial plan. Earnings are automatically settled daily, with options to withdraw or reinvest proceeds [1].

The platform’s design leverages AI-driven resource allocation and global green energy networks to optimize mining efficiency. Nodes are distributed across North America, Northern Europe, and Southeast Asia, prioritizing renewable energy sources such as hydropower and geothermal energy. This approach aligns with industry forecasts predicting a growing emphasis on sustainable and compliant mining operations amid regulatory scrutiny [1].

While the ETH outflows indicate heightened investor interest in alternative strategies like cloud mining, analysts caution that the $12,000 daily earning potential is contingent on volatile market conditions. Factors such as network difficulty adjustments and energy costs could impact actual returns. Find Mining has not disclosed how earnings are calculated or the assumptions underpinning its projections, leaving room for scrutiny [1].

The timing of the launch coincides with broader developments in the crypto sector, including OKX’s expansion of regulated derivatives in the UAE and Metaplanet’s $92.5 million Bitcoin purchase. These events highlight the sector’s rapid evolution, but also underscore the risks associated with high-return promises in a highly unpredictable market. Bitcoin’s recent fluctuation near $118,600 further illustrates the inherent volatility, complicating long-term profitability for cloud mining participants [2][3].

Find Mining’s initiative reflects a broader push to democratize access to crypto mining by removing technical and financial barriers. However, the lack of transparency around its operational model and the absence of direct evidence linking the 300,000 ETH outflows to its platform raise questions about the sustainability of its proposition. Analysts emphasize that while cloud mining services may lower entry costs, they also introduce risks related to transparency, regulatory compliance, and operational efficiency [1].

Sources:

[1] 300,000 ETH Withdrawn from Exchanges: Find Mining Launches Zero-Entry Cloud Mining with Potential Daily Earnings up to $12,000 [https://coincentral.com/300000-eth-withdrawn-from-exchanges-find-mining-launches-zero-entry-cloud-mining-with-potential-daily-earnings-up-to-12000/]

[2] OKX becomes first global exchange to offer regulated crypto derivatives in UAE [https://www.bitcoininsider.org/article/280635/okx-becomes-first-global-exchange-offer-regulated-crypto-derivatives-uae]

[3] Metaplanet Deepens Bitcoin Strategy with Fresh $92.5M Bet [https://www.bitcoininsider.org/article/280634/metaplanet-deepens-bitcoin-strategy-fresh-925m-bet]