As the cryptocurrency market continues to witness financial volatility, the cloud mining industry is also grappling with mounting competition. Here, stablecoins are increasingly being seen as a less risky choice for entry.
Sites such as ETHRANSACTION have been rising in this tide, promising legal infrastructure, AI incorporation, and high-performance minnows.
A Glimpse at ETHRANSACTION
Founded in 2017, ETHRANSACTION claims to have obtained licenses from the UK government and become an international cloud mining service provider. The platform allows for the mining of major digital assets such as Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP).
It provides distant cloud mining, enabling users to work without physical mining rigs or dealing with hardware maintenance complexities.
The firm says it is keen on security, employing SSL encryption and L&G insurance, in addition to internal risk management controls. Such features are said to be directed towards protecting user deposits as well as funds.
Claims from the Platform
ETHRANSACTION promotes a possible daily return of $36,677, but the site does not openly report independent confirmation of these amounts.
It also provides a $19 sign-up bonus for new customers when accounts are opened and asserts that this does not involve hardware or initial fees.
Contract Tiers and Possible Returns
There are various tiers of mining contracts available through the site, with reported earnings as follows:
- $100 contract → Earns $118 (profit: $18)
- $600 contract → Earning $652.5 (profit: $52.5)
- $1,300 contract → Earning $1,536.6 (profit: $236.6)
- $6,300 contract→ Earning $8,741.25 (profit: $2,441.25)
- $47,000 contract → Earning $98,183 (profit: $51,183)
These plans are made transparent and user-selectable according to investment capabilities.
Technical Features and Asset Coverage
ETHRANSACTION asserts that its interface is intuitive and has numerous security measures. The service does allow for the mining of several assets such as BTC, LTC, BCH, and DOGE.
The use of renewable sources of energy hydropower, wind, and sun—is also emphasized for its mining activities, which keeps up with green standards.
Referral Program and Larger Ecosystem
ETHRANSACTION offers a referral program with up to 6% commission and states access to a reward pool of $370,000.
It compares its offerings to the performance of Ethereum (ETH) and implies that its model has quicker and more guaranteed returns versus conventional ETH trading during market volatility.
Passive Income Appeal and Institutional Framing
The platform positions itself as a source of passive income, claiming to generate daily returns regardless of user activity.
ETHRANSACTION describes its model as suitable for both newcomers and experienced investors, focusing on scalability and convenience through automated systems.