- So a while back when I first talked about StrongBlocks,
I kept getting a lot of other people recommending me
other node ideas.
Most of these ideas were nothing like Strong
and focus more on minor type nodes.
These type of nodes are similar
to something like Bitcoin miners,
where they secure the blockchain
and validate different transactions.
And just like Bitcoin miners, as a reward
for doing these things for verifying transactions,
the actual blockchain rewards these nodes paid out
via crypto.
And these ideas that people were sending me
were basically these ideas where you can rent out
these minor type nodes and generate a profit.
And one project in particular
was recommended quite a few times,
and that was a project called the YieldNodes.
Now, the first time I ever checked out
the YieldNodes website, I was pretty sketched out
because it was a really poorly made website,
like exceptionally poorly made, even by my standards.
They had like a big stock photo of like a light bulb.
There was like a really cheesy stock photo
and it was squished.
It wasn't even proportional.
They had it squished.
So it wasn't actually scaling as the site scaled up.
And then under that they had a video
that they look like they got off Fiverr for like 15 bucks.
The site to me, because it was so cheaply made
or seemingly poorly made,
felt anyone could have thrown it together,
which kind of gave me this red flag of like,
oh, this could be a scam.
I think the only reason I actually kept reading
and looking on the website is
because I directly had somebody reach out to me
that I had talked to before that told me
that they used YieldNodes and had gotten great results
over the past six months from it.
And I don't know that if I would have not gotten
that message, I would have kept reading
because for me, a really poorly made website
usually means a really poorly made project
and usually is a good sign that you're looking at a scam.
Nine times out of 10 it does seem to work,
but occasionally you do come across a website
where it's that one out of 10 where it's not a scam,
they just made a really bad website.
And so that was kind of my thought process.
I was hoping that's what it was.
I scrolled down, and under the about section,
it said YeildNodes is a complex,
multi-tiered node rental program
based on the new blockchain-based economy.
And then in big yellow letters, it's at 249%,
which I was assuming they were saying was 249% annually
was how much you were expected to make maybe,
or that they had made in the past.
I read on and it talked about something called masternoding.
It explained that masternoding
is kind of like Bitcoin mining,
but for proof of stake blockchains.
And there are two types of these mining nodes.
There's something called full nodes,
which just verify the transactions on the blockchain
and something called master nodes,
which do the exact same thing,
but they also have extra responsibilities
which could include governing voting events
or executing protocol operations.
And master nodes typically earn higher rewards
than normal nodes because of all the extra responsibilities
that they're given.
Basically from my understanding,
a really simplified explanation of how YieldNodes works
is like this.
I would deposit money on the YieldNodes platform,
they then use that money to rent out servers,
create a master node and then share the generated profits
with everyone who has deposited money on the platform.
Of course, in proportion to the amount
of money you've invested.
And unlike strong or a lot of these other crypto projects,
there isn't actually a token involved in this process.
You can use your credit card, you can send them UDST,
you can send them Bitcoin.
However you wanna get money to deposit on your account
is up to you, but from that point forward,
it gets transferred into euros
and then they use that to invest.
And then they profit share from there.
They claimed the risk for me to lose my investment
was pretty low since there was no trading
and there's no crypto token involved.
But to me, they didn't explain in enough detail for me
to understand why it was low risk.
And anyone could claim that their project is low risk
in that there's a low probability of you losing money.
They did have pictures and profiles of their entire team
on the website.
So they were a public team,
which was a little bit comforting to know
that they weren't an anonymous team,
which would have been super, even more sketchy.
They said they'd been live since 2019
and have generated an average annual return of 132%
year over year since then.
And 132% is pretty dang good.
I know a lot of the projects I talk about on the channel
are like, 50,000% or a hundred thousand percent.
You gotta keep in mind,
the average annual return of the stock market
is 10% annually.
So 132% is like 13 years of stock market returns
in one year, which is crazy.
And they say that you can actually get a much higher yield
if you compound your earnings each month.
So basically you'd take your earnings,
you'd compound those back and reinvest them
and you can actually get a higher yield
of about 249% doing that.
And I think the difference would be something
like Olympus or time.
Yes, you can earn these crazy high APYs,
but you have to deal with a lot of volatility
and you have to take on a lot of risk to do that.
But from my understanding of what YieldNodes is,
you're taking on a lot less risk
and you're definitely not dealing with crazy volatility.
Since everything's stored in euros,
you're not having to worry about the value of your holdings
going radically up in down month to month or week to week.
And for me, yes, I'm always looking for those moonshot,
super risky plays that can make me an insane amount
of money, but I'm also looking for those, more stable,
safer, less risky ways to also earn passive income.
And from what I was reading,
I was hoping that YieldNodes would be
that type of investment.
And as I scroll down,
it went on to show a chart of how YieldNodes
had outperformed the Dow Jones, it outperformed Gold
and it had even outperformed Bitcoin.
And after reading through all this
and after hearing from multiple people
that had used the platform for months
and were able to totally withdraw their funds
and were having no issues,
I knew it's very unlikely that YieldNodes was a scam.
Everyone I had talked to had seemed to love the results
they were getting.
So I decided to give YieldNodes a try.
I clicked the sign up button.
I was kind of surprised.
It actually took me to a sign-up screen
where I had to enter my name.
I had to enter my email,
my phone number and create a password.
Once I signed up,
it brought me to a dashboard section
that required to fill out some KYC forms
and provide proof of documentation and identity
before I could do anything else.
The more I went through the sign-up process,
the less I felt like this project was a scam
or something super risky
and the more legit this project ended up feeling.
I decided to deposit $1,200 and see how it went.
And I think it actually took a couple days
for my funds to show up on my account
and for everything to get approved.
I think they do a lot of this process manually
from what I was reading on the website.
But after a few days, everything showed up,
it all looked good and everything was up and running
and ready to go.
I gave it a couple of days up and running
and went to check my earnings.
But when I checked it, it just said zero.
I figured maybe it just needed more time to update.
So I gave it a full week before checking back again.
A week later, when I did go to check back,
I went to check my earnings and it still said zero.
At this point,
I was just guessing that maybe they only update
the balance once a month.
So I decided to wait until the end of the month
and then come and check back and see what I've made.
At the end of the month,
I got an email telling me that my earnings were in.
So I quickly logged into the account.
I went to my dashboard.
I checked out how much profit I had made.
And I had definitely made money, which was really exciting.
The only bummer was I'd only made $4 and 6 cents.
And this is a massive letdown for me.
I was thinking this thing was gonna generate some decent,
passive income.
I wasn't expecting something crazy,
but I was expecting more than $4 and 6 cents.
And then I noticed something on my dashboard that told me
that my return was way lower than normal
because it took longer than usual
to get my funds deposited and working.
Maybe it took longer on their end
to like actually rent out the server
or get everything set up.
I wasn't really sure what that meant,
but I decided at this point not to pull out my money
because it said that and just give it one more month
to see if I got maybe a little bit of a different result.
And sure enough, a month later I got another email
telling me my profits were in for November.
And I ended up making in that one month, 89.93 euro,
which is a total of $101 and 55 cents in US dollars.
I quickly did some math to see how this might've scaled out
had I deposited more money on my account.
And had I deposited a larger amount of maybe $10,000,
I would have made $1,100 in just one month.
And then if I took that $1,100
and compounded it over a year,
that would mean I would be making $2,075 a month
off of an initial $10,000 investment,
which blew my mind because that's more
than you make buying and renting out an entire house.
And you usually have to put down more than $10,000
when you go to buy a house, usually a lot more like 30,
sometimes $40,000 down just to buy a house.
Plus with a house, you have to deal with tenants,
repairs, property taxes.
My head started spinning with possibilities
because if this thing was as stable and safe
as they claim it is,
then this could be a really great place
for me to be putting away money for stable, consistent,
passive income.
So I decided to compound my profits
and add in an additional $5,000
because this could be a great way for me to diversify
my risk investing in crypto
with something that's a little bit more stable
and a little bit more consistent
and hopefully something that's able to perform
a little bit better when the market dips
or we have a big market downturn.
And according to my math, my additional $5,000,
if I compound my earnings each month,
should add up to around $1,300 a month that I'm making
using YieldNodes once again is on par
with renting out a small house to a family,
but without having to deal with all the extra stuff.
So for me,
I'm pretty excited about this idea
and hopefully hoping that it ends up working out
over the next year, especially,
since currently we're in a market dip.
I'm gonna be really interested
to see what the results are at the end of this month.
And if I still am able to make as much or what happens.
And as always, none of this is investment advice.
None of this is me trying to convince you
to get into this project.
That's up to you.
You have to do your own research and make your own calls.
This is just me sharing my journey, what I'm up to,
how I'm adapting to the market
now that we're kind of in a market dip
and just all my strategies
to try to hit my million dollar goal.
And for anyone who wants to get started on YieldNodes,
I'm gonna take you through a quick tutorial
on how to set up your account,
how to get it funded and how to get everything up
and running so you can be generating passive income
using YieldNodes.
All right, I'm gonna take you guys through a quick tutorial
on how to get set up with YieldNodes
and if I sound kind of weird,
it's because I still have a little bit of a cold,
so that's why I sound weird.
All right, first thing you're gonna do
is you're gonna go to where it says, sign up now,
and then you're gonna have to enter all your info.
You're gonna enter your first name, your last name,
your email, your phone number, your password,
your confirming of your password.
And you're gonna click agree and you're gonna click sign up.
Once you log in, it'll look kind of like this,
only yours will look a little bit different
since you haven't actually set up your account.
It's gonna make you first set up your KYC documents,
which you can find right here.
You'll click right here and you're gonna have to go
through each one.
So you're gonna have to do a signed agreement.
You're gonna have to do photo identity proof,
and you're gonna have to have proof of your address.
And you're gonna just upload all these things, submit them.
I recommend doing them right away
because it did take a little bit of time
for that part to go through.
Once that's done though
and you got everything in there with the KYC, it all works,
then you're ready to deposit.
And I wouldn't recommend depositing on here
until you do KYC.
I'm in the US and I was fine.
Like I did KYC, they totally accepted it.
Let me deposit.
But I don't know if there's some countries out there
or maybe even some states out there
where your KYC won't work.
And if you try to deposit before that,
maybe your funds will kind of get stuck there for a bit
or I don't know.
So I would do the KYC first
and then I would go and do the rest.
So when you're ready to deposit,
you can do it a couple different ways.
You can either send some Bitcoin.
So you click show, generate Bitcoin address.
It'll give you a Bitcoin address.
And then you could deposit to that address.
You could use Tether
where it's gonna give you a Tether address
and you could do that same thing.
Please note that they use a Tron Tether address,
which is really, really important
that you don't send Ethereum funds
to this Tron address, okay?
If you don't even know what I'm talking about,
then just don't even do it
until you watch like 15 tutorials
'cause you're probably gonna mess it up
and lose all your money.
It's not hard.
It just means you gotta select the Tron network
when sending it.
If you're like, I don't even know what that means,
then again, just don't do it.
Send some Bitcoin or the third way you could do it
is just use Fiat money and turn that to Bitcoin.
So you could use wallet ease, Transact,
you could use Onramper, Coinify and all these ways,
you can just use a credit card
to get your money directly onto the platform.
And you don't even have to worry about sending crypto.
So however you wanna do it.
Send yourself some Bitcoin.
If you know how to use a Tron Tether,
you could send yourself some Tether.
Whatever you wanna do, just do that.
After you send it,
it takes a little bit for it to show up.
I feel like in some cases it could take a couple hours
before it actually shows up on this dashboard.
And then even then, this was a couple of days
that I actually deposited my $5,000,
which that's $5,000 US dollars,
It says four, four, three, one,
but that's because it's in euros.
If I were to paste this in a calculator,
you can see that four, four, three one
is $5,000 minus some sort of fee that I guess I paid.
So yeah,
these funds have been pending for a couple of days.
Today even is the 14th of December
and it's saying it's not even gonna show up till the 17th.
And then even then,
I might not start earning on it until the end of the month.
So the earlier you can get your funds in there, the better.
I do recommend setting up two factor authentication
where you're using either an authenticator app
or you're using, the bare minimum,
your phone to authenticate the account
so somebody can't just log in and withdraw all your funds.
That is a really important thing to do
just to keep yourself really secure as possible.
As mentioned in the video,
your profit doesn't show up until the end of the month.
I think it's literally at the end of each month,
your profit will show up.
And your first month's gonna be probably really small,
especially if you're starting towards the end of this month.
But once you have it in there for a full month,
you should start to see some decent profit.
Just on one last note for full transparency,
I did end up using the affiliate link for this platform.
This is the first time in all of history of my channel
that I've actually used an affiliate link
or anything even close to something like that.
As you can see, it doesn't give a lot of details
on the affiliate link.
It shows a commission,
but I wasn't sure if you guys got a benefit or not
for me using the affiliate link,
which is partly why I decided to use it.
But the other reason I decided to use it was that all funds
that are generated from this affiliate link.
So if I make money through this affiliate link,
I've decided to take that money instead of spending it,
instead of using it for like my rent
or instead of using it to like buy something cool
for myself, I'm gonna put it towards a community fund
for this channel.
I have all kinds of crazy, awesome ideas for this channel,
where I wanna provide resources to you guys.
I wanna provide more help to you guys.
And I really want this to be the number one go-to resource
as you're trying to build your wealth.
And one of the things I wanna do is
I wanna expand to a crypto play-to-earn channel
where we focus on play-to-earn games
as another way to build wealth.
And all these things require some sort of money and funding.
So all this is gonna go towards the community fund
towards building out these different resources.
None of it, not a dime, not a dime
is going to go into my pocket towards my lifestyle
or anything like that.
But all of it's gonna be poured back into the community
to benefit you guys.
So with that in mind
and with me not knowing any other benefits it might provide,
for me, it made sense, hey,
I'm gonna use the affiliate link
and that's gonna pay dividends back into this community
for something that they were already going to do.
If you guys have a really big issue with this,
let me know in the comments.
And if enough people have a big issue with this
and you feel like it is in some way affecting the honesty
and the transparency of the experiment,
I will not do it and I will remove it.
I have no problem with that.
I wanna know that because I genuinely want people
to trust me because I genuinely am trying to help
and benefit them.
And I know that trust is an important aspect of that.
And it's an important thing to earn,
especially on YouTube and especially in the crypto space,
which is just rife with scams and people who are greedy
and self-serving.
And I wanna make sure I'm always set apart from that.
So let me know if you have any issues with that.
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