XRP News Today: XRP and ETH holders earn passive income via OPTO Miner cloud contracts

XRP and ETH holders can now generate passive income through cloud mining without liquidating their token holdings, thanks to a new offering from OPTO Miner. The service enables users to collateralize their XRP and ETH to access cloud mining contracts, bypassing the traditional step of converting tokens into fiat or stablecoins before investing in mining infrastructure [3]. This approach offers an alternative income stream that is less influenced by the volatility of the broader crypto market [2]. The contracts reportedly allow users to earn daily returns in XRP and other cryptocurrencies, such as SOL, further diversifying their earnings [1].

The model shifts the focus from price speculation to mining performance, appealing to investors looking for steady, passive returns. It also removes the burden of managing physical mining hardware, energy consumption, and maintenance, which are often deterrents for individual investors [3]. For XRP and ETH holders, this means they can retain their positions in these major cryptocurrencies while simultaneously benefiting from mining activities.

One of the key advantages of this service is that it eliminates the need to sell tokens to fund mining operations. Historically, investors had to liquidate part of their holdings to cover initial costs, which could reduce their long-term exposure and potentially create downward pressure on token prices. With OPTO Miner’s cloud mining solution, users can avoid this trade-off and maintain ownership of their assets while still participating in the mining economy.

While the offering introduces a more flexible use case for XRP and ETH, certain details remain unclear, such as the exact terms of the contracts, security protocols, or performance guarantees. Nevertheless, the service aligns with the broader industry trend of expanding token utility beyond trading and staking. By enabling token holders to earn through mining, the platform contributes to the growing ecosystem of passive income generation in crypto [1].

As the market continues to mature, services like OPTO Miner’s cloud mining could become more prominent in how investors manage and grow their crypto assets. The integration of token balances into mining infrastructure represents a step toward more inclusive and accessible participation in blockchain networks. This innovation may also play a role in stabilizing demand for tokens by reducing the incentive to sell during periods of market uncertainty [2].

Sources:

[1] OPTO Miner cloud mining power contract can earn 777 XRP and 17 SOL per day. CoinCentral. https://coincentral.com/opto-miner-cloud-mining-power-contract-can-earn-777-xrp-and-17-sol-per-day/

[2] Bitcoin approaches $110000 support level, cloud mining becomes a new option for investors. Bitcoinist.com. https://bitcoinist.com/bitcoin-approaches-110000-support-level-cloud-mining-becomes-a-new-option-for-investors/

[3] XRP and ETH Holders Don't Have to Sell Tokens to Buy Mining Contracts Through OPTO Miner Cloud Mining. Cryptonews. https://cryptonews.com/press-releases/xrp-and-eth-holders-dont-have-to-sell-tokens-to-buy-mining-contracts-through-opto-miner-cloud-mining/