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SolMining, a cloud mining platform registered in the UK, has launched a new service that allows
(SOL) holders to mine up to 50 SOL tokens per day through on-chain smart contracts [1]. The platform introduces a passive income model where users can utilize their existing SOL holdings to activate cloud mining contracts without the need for expensive hardware or high electricity costs [2]. By using their tokens to access computing power, users can earn daily returns in real time, transforming idle assets into a source of steady income [3].The contracts offered by SolMining vary in investment tiers and return rates, with options ranging from a $100 investment yielding $3.50 per day over two days to a $150,000 investment generating $2,850 daily over 47 days [1]. These contracts automatically settle income on a daily basis, and the principal is returned upon expiration. The platform supports multiple cryptocurrencies, including
, BTC, , USDT, , LTC, and SOL, offering a flexible and user-friendly experience [1].To enhance accessibility, new users are provided with a $15 mining bonus upon registration, which can be used to begin mining or experience futures trading [1]. The platform also emphasizes security through wallet isolation, multiple encryption methods, and transparent settlement processes. Additionally, SolMining claims to be environmentally sustainable by utilizing green energy sources such as solar and hydropower [1].
The introduction of SolMining’s SOL contract is seen as a significant development in the broader DeFi landscape, where platforms are increasingly offering ways to monetize digital assets. With Solana continuing to outperform
in DEX trading volume for the tenth consecutive month, reaching $124 billion in July, the platform aims to capitalize on this momentum by providing a new avenue for passive income generation [1].Industry observers have highlighted the growing interest in decentralized income models, where investors seek to generate returns from their holdings without the volatility risks associated with traditional trading. SolMining’s multi-tiered contract system, combined with its integration with major financial tools, appears to align with this trend [1]. Analysts note that the platform’s approach offers a viable alternative to staking and trading, particularly for users who prefer a low-maintenance approach to earning from their crypto assets [1].
The timing of the SOL contract’s launch also coincides with broader market movements, including potential Federal Reserve rate cuts and increasing institutional interest in digital assets [9]. While the overall economic environment may influence market performance, SolMining’s model is structured to deliver consistent daily earnings through smart contracts, offering a more predictable income stream for participants [10].
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Source:
[1] SolMining Launches SOL Contract, Allowing SOL Holders to Mine Upto 50 SOL Per Day (https://zycrypto.com/solmining-launches-sol-contract-allowing-sol-holders-to-mine-upto-50-sol-per-day/)
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