YieldNodes Update January, 5.2% Profit guaranteed for January! Crazy affiliate income

Hi everyone,

in this post I would like to give you an update on my YieldNodes investment. What is YieldNodes? They offer MasterNoding as a Service and allow investors to deposit funds which are held in € and rewards are paid out in € as well. YieldNodes uses the funds to rent servers and run so called MasterNodes. These help to run blockchains powered by Proof-of-Stake.

YieldNodes promises a minimum of 5% returns per month and guarantees that should they ever fall below that percentage, to return any funds.

My investment

As you can see, I transferred $600 ~= 528€ on December 21. Then I received a generous Christmas Bonus and even got some partial returns of €2.54 in January. My deposits are now locked for 6 months, as YieldNodes needs some buffer as for example contracts with web server providers have minimum durations.

All profits can be paid out without 6 months of lock-up, although during a fixed period each month. YieldNodes explains it like this:

YieldNodes is a big and complex operation. Withdrawing money looks easy on the screen but there are a few mechanical steps needed. Unlike Forex or Stocks trading. Servers need to be dissolved and minted coins need to be sold at possibly optimal prices to ensure the high yield that we fight for every day of the week. Therefore “Booking” the withdrawal date early helps us a lot and minimizes potential losses due to bad coin value fluctuations that happen at certain times of the day or week.

So far I don’t see the actual amount I will earn in Euros, but each week YieldNodes publishes the returns made in that week. They look pretty healthy so far, but the big Bitcoin crash this week has not been factored in, will be interesting to see.

The weekly profits in January are:

Week 1 Profit

Jan 1 — Jan 7
1.7%

Week 2 Profit

Jan 8 — Jan 14
1.9%

Week 3 Profit

Jan 15 — Jan 21
1.6%

Which makes it 5.2% or €29.17 for my portfolio! There is another week left but as we are already over the promised 5% and a week Bitcoin I am just expecting no more returns for the last week.

Affiliate income

Like most investment platforms, YieldNodes offers an affiliate system where you can earn commissions for bringing in new investors. If you want to support my blog you can consider signing up using my link (click here). I will earn 5% on any deposit, while you still get the full amount you deposited.

In the last two weeks I received crazy affiliate deposits of €1,827.10, and I was pondering whether I should include it in my reports but decided for it. To manage my risk with YieldNodes and also test the withdrawal process, I took out my initial investment and some profit of €671.81.

So my currently masternoded value (the value that gains the returns) is now €1711.21. It is not noded for the full January, so I expect about 2.5% retun on this balance which would be: €42.78!

To reinvest or pay out

Now there is a very interesting choice to make: do you pay out the profits each month or do you let them compound and increase your position size?

YieldNodes has a handy slider in 10% steps, so you can even compound 80% and payout 20% of your gains. You have to keep in mind that compounded gains are again locked up for 6 months.

I decided to do exactly that, to pay out a little each month (probably to use in DeFi on Fantom Opera) and let the rest compound. The big profit of compounding is the crazy growth you can expect compared to just the normal returns. For example:

If you invested 5000$ in 2019 you would’ve made: €19,135.00 (282.7%) but if you compound 100% it would even be: €73,010.01 (1360.2%) as all the returns of the previous month are increased and so on. Of course then all your capital is at risk and at any point it takes 6 months to unwind your position. So please choose your risk levels accordingly.

Want to get started on YieldNodes?

  • Do your own research on YieldNodes, in the end I am just a random guy on the internet!
  • Use my affiliate link (click here) to register and give me 5% of your deposit with no extra cost for you. Thanks in advance!
  • Make a deposit via Bitcoin (many FIAT onramp provider are supported where you can buy Bitcoin with a credit card or SEPA transfer) or use USDT (Tron Network)
  • Decide whether you want to pay out your earnings or compound them!
  • Only invest what you can afford to lose
  • Let me know if you would like to know more, you can reach me on Twitter

And that’s it for today! I hope you enjoyed my article. I will publish all updates to me portfolio on here. Likes this post and Follow me if you don’t want to miss that.

So long,
n1ce

None of this is financial advice. Please always do your own research.

Thanks for reading! If you would like to support my work, consider smashing that like button and/or using my affiliate links to make/safe money:

SignUp for a free publish0x account — get paid in crypto for reading or writing!

Register with Binance — the biggest Exchange by volume and save 10% off trading fees forever!

Some other posts you might like:

Originally published at https://www.publish0x.com.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
n1ce

Follow my crypto adventures in DeFi with Fantom, Cosmos & THORChain.