SolarFarm Day 20: $43/Day on $300 investment!
Disclaimer!!! The articles that I write are merely a journal of my investments and by no means financial advice(s). In my first article, I openly talk about the truth of such projects.
Welcome to Day 20 of my journey with SolarFarm! My journey to passive income. My goal to reach $30/day on $1000 investment.
Many people have been asking for an update — whether I have made back my investment or not. In my previous article, I mentioned that it was possible to make $100/day on a $700 investment. Is this still possible?
My Investment
On Day 12 of my investment, I have fully recovered my initial capital of both wallets ($300 and $318). My strategy back then was to withdraw almost everyday and to compound when daily rates fell (to reach a constant daily % return). The proposed daily % return was 14.28% which should take us 7 days of constant rates to recover our investment.
However, if are new to these miners, you should know that when we withdraw, value of our miners depreciates. In SolarFarm, our miners are “Solar Panels”. For example, Day 1 could give 14.28%. Day 2 could give 13.50%, holding Total Value Locked (TVL) constant.
As such, my return on investment had stretched out to Day 12 — I had 5 days of additional compounding.
Currently
My initial rewards started at 0.15BNB per day on a 1BNB investment (per wallet). After several profit takings, it is now resting at 0.132BNB or 43USD/day. This is still giving an insane amount of money!
Reflection
SolarFarm’s TVL is currently stable. This is extremely good considering the recent Death Spiral of the crypto market. I was in a better position before since TVL was increasing during the key period of my investment.
If you are asking whether you are late to the party, you are absolutely not. The developers are creating a gambling (casino) feature as well. If you are familiar, gambling ALWAYS generates positive cashflow because players have less than 50% chance of winning. It is what it is. What does this mean is that as the platform gets an additional stream of cashflow, it will also support the miner, which is great news.
I should have invested more. JUST KIDDING! This is a gambler’s mindset that we should avoid! Always invest what you can afford to lose. Always invest not a large proportion of your portfolio in one basket.
If you found this article helpful and intend to join me in my journey with SolarFarm, I would be grateful if you could use my referral link (no pressure!): app.solarfarm.finance/?ref=0x01214f2487dDd5f1532D82C2E7497B395e69c388
Interested in another project? Check them out!:
SolarFarm
BakedBeans
BUSDCropsFarmer
Revelates
BNBMiner
