Toss potatoes with oil, salt, and pepper. Microwave covered for 5–8 minutes, stirring halfway.
Sauté onion in oil until browned, 5–7 minutes.
Stir in garlic, thyme, and chili powder. Add potatoes, cream, and hot sauce.
Press into pan; cook 2 minutes. Flip and cook until browned, 6–8 minutes.
Make 4 wells, crack 2 eggs into each. Season with salt and pepper.
Cover and cook until whites set, yolks runny, 5–10 minutes.
Serve hot.