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$48 a day WITHOUT a Mining Rig! Crypto Passive Income - YouTube
Channel: Ramiroy
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In this video, I'm going to show you
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how people are making from 21 to $48 a day
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in cryptocurrency completely passively.
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The cool thing about all of this is
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that you can start earning
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starting from today
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right after you finish this video.
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I've been doing this personally
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for the past 40 days or so,
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and I'll be sharing my results
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by the end of this video,
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and I'll teach you how to do it as well.
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So as you probably know, people make money
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through mining cryptocurrencies.
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There are basically three ways
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to mine cryptocurrency.
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The most known and profitable way
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is GPU mining,
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or at least is the one we're going to be talking about today.
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GPU mining
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is basically using the graphics cards
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to solve equations,
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and the way you earn cryptocurrency
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is actually a complex process
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that I'm not going to get into explaining right now.
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But what you need to know is that
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mining Ethereum is actually the most profitable right now.
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You can't mine Bitcoin anymore
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and mining Ethereum pays you the most.
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First, let me show you
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how much you can earn every day
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if you start mining from today.
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And then we'll talk about the core of this video.
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So let's assume you have $10,000
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that you want to buy a mining rig with.
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If we take a look at the RTX 3080 graphics card
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on eBay, we'd see that the price is roughly $1200
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So with $10,000, you can buy about 8 RTX 3080s
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Keep in mind that the 3080 isn't necessarily
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the best GPU to use for mining,
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but this is just a rough estimate.
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If I go to whattomine.com
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we can actually calculate how much power these GPUs produce.
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What the site tells us
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is that we can earn about $26 a day
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from mining Ethereum with 8 GPUs,
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and that's after paying for the power.
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So if you manage to keep the mining rig running for 24 hours,
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you can make $26 a day,
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$806 a month and $9,672 a year.
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So it'll take you about a year
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to get your $10,000 back.
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And after that, you're pretty much getting everything
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you're earning from the mining rig
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and you'll still have the GPUs
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to sell possibly if you decide to.
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I don't know who's going to buy those, but. Okay,
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so now you might be asking,
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"but dude, $806 a month without doing anything?"
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"That sounds too good to be true."
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And I'm sorry to inform you that it kind of is.
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The problem with this is that Ethereum
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is going to switch from proof of work
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to proof of stake in a couple of months.
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Currently, Ethereum runs in a proof of work mechanism.
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It means that in order for Ethereum
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to work, in order for the transactions to be verified
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on the blockchain,
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people have to come with computing power
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and verify them, basically.
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And that's where miners come in.
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Miners are basically solving equations
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and coming with computer power
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to verify these transactions.
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And that's how proof of work works.
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But about a year ago,
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the creator of Ethereum said
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that Ethereum is going to become Ethereum two.
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Ethereum 2.0 is going to be run
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by a proof of stake mechanism.
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What this basically means
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is that you won't be able to mine Ethereum anymore.
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The creator of Ethereum thinks
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that this is going to be a lot
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better for the coin and the technology
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and also for the environment.
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But that's definitely not his main motive.
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So remember how proof of work
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demanded a lot of computing power
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in order for the transactions to be verified?
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Well, in proof of stake, the mechanism demands the people
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to have amounts of Ethereum
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for the transactions to be verified.
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And this is an oversimplification of the process.
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What you need to know is that you can stake your Ethereum right now
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and you can tell how much you can make.
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The current APR are with Ethereum staking is 4.5%.
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So remember how if you had $10,000
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you would make around $9,672
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by mining Ethereum?
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Well, with staking Ethereum and the 4.5%,
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Now, granted, just because Ethereum changed
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to proof of stake instead of proof of work
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doesn't mean you can't mine other coins,
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which is going to be good news
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for people who already have a mining rig.
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But it might not be great news
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for people who just started investing in mining rigs
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because once Ethereum changes to 2.0,
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people are going to start mining other coins
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and it's going to drastically increase
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the difficulty of mining those coins.
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So it's going to reduce the profitability
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by a lot.
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I mean a lot.
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So here's where the project that I'm really excited about comes in.
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Cubo money or Cubo money?
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I don't know how to spell it.
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Cubo is a node project.
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Now, I don't want to talk too much about nodes and miners
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and the difference between them
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and how the blockchain works.
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What you need to know is that the Cubo node
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promises stable returns if you invest in it.
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The way that works
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is that you pay a specific amount for a specific node
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from a specific list.
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That's a lot of specifics
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and based on which node you got, you get paid daily.
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So for example,
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you can earn about $3 a day completely passively
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by paying $400 or $21 a day for $2,000.
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Now, I have to say, it's very similar
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to staking or buying a mining rig and mining with it,
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but it's also completely different.
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This is not mining.
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So this is a huge disclaimer.
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This is not mining
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and it could be dangerous,
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but I'll show you how to minimize the risk.
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So the way this works is by you purchasing cubo
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and then buying a node with it that generates a certain amount of Cubo
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for you everyday to claim and then exchange for Ethereum or Bitcoin.
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So if we go to that cubo.money site, we can see their options.
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The cheapest option would be Panck Cubo
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and the investment gets higher with higher returns
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the more we go down until we reach Giga Cubo.
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As of the making of this video,
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one Cubo is about $3
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So for example, if we wanted to get into the project
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for the cheapest price possible,
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we can buy a 25 Cubo for $75
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and then you have to pay $25 in DAI
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which is another coin that basically guarantees
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the project sustainability in a way.
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I don't want to get into too much detail.
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I want you guys to go on the site and do your own research.
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Don't invest until you are sure. Completely.
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I just want to show you the project and how much I've earned.
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Although you can make a lot of money,
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you can also lose money
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even though this is a great project so far.
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The lead developer and owner is known and he's doxxed
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and he's been on interviews
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and he's even published his address
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and CV online and it is secure and all.
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And there are anti-rug measurements taken.
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This is a crypto project
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and there is always risk.
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Anyways, back to the main page.
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You can basically by 25 Cubo
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and 25 DAI for $100 and get 0.1 Cubo
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The more expensive a node you buy
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the more ROI percentage that you get every day.
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So for example, the nano cubo is four times
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the price of a planck tube, but it offers ten times
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the earnings that you get every day.
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So let's assume you want to invest $410 into the project
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and you buy a nano cubo.
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You will get about 30 cubo every month,
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which is currently about $93,
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which means you'll get your initial investment in five months
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and then start earning after that.
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And in one year, if the Cuban price remains
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the same, you'll be making
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$1,135, basically
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almost tripling your initial investment.
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But that's the big disclaimer.
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This is cryptocurrency and Cubo price
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might go up or it might go down.
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And this will be a good time
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to show you my earnings.
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I got into this project somewhere in March
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and I went with a Femto Cubo node
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but it is hugely important to note
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that when I got into the project
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when Cuba was about $18,
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so the node costed me about $850,
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and it was supposed to earn me
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$162 a month and 19, $171 a year.
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But because the Cuban price went down,
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since my initial investment,
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my node is currently only making me $328 a year.
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Now this can change with time.
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On one side, this is really bad
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because I paid a lot of money
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and I'm not getting the ROI that I expected.
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But on the positive side,
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the price of entry is a lot lower,
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especially for the nodes that bring a higher ROI.
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For example, if I wanted to get the
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ROI of the mini Cubo a month ago,
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I would have had to pay $4,500.
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But now I can get the ROI of the mini Cubo for $750.
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And if I wanted to get into the Cubo project
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just to see how it feels,
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just to test things out,
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I would have paid $475 an hour, costs $100.
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Now, whether you decide
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whether this is a good idea
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or a bad one, in my opinion, depends on whether or not Cuba
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will go up in price or plummet to the ground.
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And that is dependent on the management of the project
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and the roadmap and the things that they're planning to do.
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Even though the current state, my investment,
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isn't as I expected it to be,
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that doesn't mean that the Cuba won't recover after
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the team has implemented changes.
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But before you put any amount of money into this project,
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I want you guys to study
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it really well and do your own research. Once again
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in this video, I didn't tell you where
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Cuba generates the money
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and how its economics work.
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I am not a financial advisor.
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I'm just sharing my own experience
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and documenting the process.
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Subscribe if you want to make money.
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Subscribe if you want to make money.
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