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In a large oven proof skillet (10-12 inch) heat the olive oil.
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Add the onion and bacon and sauté until onions are soft. Sometimes I use leftover chunks of ham (from freezer).
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Add a generous layer of the potatoes. No need to thaw. You may not need the whole bag. Save the rest for another use. :-).
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Toss well with the oil.
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Season with the salt and pepper as well as the thyme. Toss again.
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Cook until underside turns brown.
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Turn over and brown on other side. Peek underneath with your spatula.
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Now pour your beaten eggs over the top, and lift around the edges to let some run underneath.
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When the eggs start to set on top sprinkle with the cheddar cheese (more or less depending on what you have on hand).
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Now place the skillet in your pre-heated 375°F oven and bake until cheese is melted.
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Serve in wedges with a salad. Or at breakfast with fruit. This should take no more than 30 minute total. Enjoy,:-).