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Mycloudbtc.com Review: is My Cloud BTC Scam or Legit Mining Site?

Mycloudbtc.com Review: is My Cloud BTC Scam or Legit Mining Site?

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Mycloudbtc.com is a messy cloud mining pyramid scheme. They brag that they have over 20,000 active users, which is false information. The company state that they are a private firm that is located in areas with cheap electricity.

The platform assures traders they will earn reasonable profits if they invest with them. The firm was launched in February 2019, and the detail of the founder is hidden from the public. The company is allegedly being run by a team of block chain developers in the industry.

The data on their website is minimal and vague. It does not create trust, and this is the first sign we are dealing with nasty fraudsters. A company that is operating anonymous should not be the kind of investment firm you ran to deposit money.

Instead of My Cloud BTC to disclose the location of their data centers, they urge those who have a question regarding this to contact them using the email they have provided. Why can’t they publish the info? Unless they have something to hide, they fear if you realize they are not mining, you won’t trust them.

My Cloud Mining Review

The company is offering free hash power worth 100GH/s to those who sign up. The generous offer is common in almost all cloud mining ventures. The platforms issue the free power to lure in more clients’.

Mycloudbtc.com is not a straight forward entity; they claim that you can start mining with as low as $15. However, on a different web page, they state the minimum amount that you can cash in to enjoy their services is $25.

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Mycloudbtc.com Review,Mycloudbtc.com Platform

With this character of shadiness, it will be hard to trust anything they say. Such incompetence will make them have hidden charges that they will never disclose to investors. Additionally, the least amount that you can cash out is 0.00015 BTC that is a positive thing since that is a low threshold.

Apart from that, the platform also offers those who help them promote their services by referring others to a commission of 10%. The company may pay at first, but usually, they will exit when they make enough funds.

Many loopholes surround the company in question. Should you ask yourself also, is My Cloud BTC worth my money? Are they trustworthy, or are they another scam in the market? Can we find evidence they perform mining activities? Is there proof they are paying clients? If the answer to all these questions is no, then you should not even waste a second of your time on the platform.

The company has not been in the market for a long period, yet they indicate a high number of investors that have already joined their venture. With such a number, we should not struggle to find testimonials from those who have already tried their services.

Your money safety should be your priority. If My Cloud BTC cannot offer that find the best cloud mining companies in the industry that have a good reputation and are more transparent in their business.

How Does Mycloudbtc.com operate?

The company is so focused on looking like a trustworthy legit firm. Unfortunately, we did notice some strange facts during our review. The FAQ page of My Cloud BTC is a duplicate of the Zero Mining platform.

The only explanation we can give is that either the companies are being run by the same person or the stole the content. It is not a good indicator, and it shows the laziness of the platform. They are only after money as they do not mind about their clients. As soon as you sign up, the happier they become.

They are only after making sales. However, they have a very low Alexa ranking, which raises questions where claim having over 20k users come from while they have a 19 million global ranking; this is minimal traffic.

The company has no evidence of being involved in mining activities. There promotional content they have put up on their company indicates they have no intention of making anyone profits. The fact that they ask the client to send them an email in case they want to find out their mining base should not be taken lightly.

The info should be readily available on their website without a struggle. It is not logical that it can hide such critical data from investors. It is a major determinant of their alleged cloud mining activities. Something is cooking in My Cloud BTC, and people will lose money.

Founder of My Cloud BTC

The company is playing safe when it comes to the information regarding who owns the fraudulent firm. My Cloud BTC is being run anonymously. It is a major drawback as multiple investment companies avail data of their office address, phone number, and the founder.

The platform only boasts it is built by expert personnel in the block chain technology. However, we did not find any of their portfolios showcasing their accomplishment and qualification. Hence, they are spreading propaganda to aid their marketing process.

Detail of their own is missing, and it a huge red flag. The company accepts investors from all over the world except the USA, Canada, Iran, UK, and North Korea. The platform is not an investment platform but rather a Ponzi scheme.

Regulation and Customer Support

My Cloud BTC is operating illegally. As we had earlier mentioned, the company does not accept citizens from countries that have put up a rigorous measure to ensure the citizens do not lose their money to pyramid schemes.

The company should avail of a document that permits them to carry out their business—investing with such a company that does not avail their office address or legal matters; it raises a more red flag. Additionally, the company customer support can only be contacted via email; [email protected]

We all know how emails work, and this being a Ponzi scheme, they will never respond. Unless they want more money for their victims to ensure, you stay away from this suspicious firm.

Safety and Security of My Cloud BTC

My Cloud BTC is not a safe investment company; they compromise the data that you share. In their website, they do not have SSL or DDOs encryption certificates meaning hackers can attack them whenever they please.

The company is not restricted by the law. Hence they may commit crimes, change their term of services, and even exit the market without being traced. Moreover, there are complaints regarding their services.

My Cloud BTC only pays at the initial stage of the investment that is 2-3 weeks. After they gain your trust and you deposit a considerable amount of money, they blacklist you from their system. There are complaints on the internet showing the platform is a Ponzi scheme.

The founder does not segregate their bank account; hence you will be enriching them while you run broke. Once their system collapse, you won’t be able to recover your money. There are no shortcuts in the investment space. You need to acquire adequate knowledge as well as have patience.

Final Verdict

My Cloud BTC is a Ponzi scheme that you should not trust with your money. Please stay on the lookout to avoid dealing with them. They do not have a mining reputation, and they use false information to steal from innocent investors.

There are more reliable cloud mining platforms that you can trust. and also give you better reasonable returns. Unfortunately, this firm is not one of those entities. Your money is not secure.

 

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73 Replies to “Mycloudbtc.com Review: is My Cloud BTC Scam or Legit Mining Site?”

  1. I Registered on my Cloud btc.
    Start investment 2 days from now the webpage is not available.Am scared am hoping to see if it will operate again.

      1. The website is operating. Register and use your own referral link bad register once again with a different address. You get a discount

      2. The web page operates for awhile I invested $99 only withdraws one time now I can’t access my accounts,anytime I tried to sign they’ll request my identity information,such as drivers license,pa**port including cards and so much more,but provides invalid emails.
        I suspect this to be scam.
        So stay away.

        1. It’s the same to me. Only that they don’t ask for ID pa**port and so on. I just can’t access my account. I had a doubt on a technical issue but now I am sure they do it intentionally.

            1. Delta, I opened the account through my phone and I accessed it always through my phone. It is not that the problem. I’m talking about mycloudbtc. com. I wrote to their support using the email icon in their site. They said they cannot do anything, I wrote again and they suggested me to write to [email protected]. I did twice but Google confirmed me that the email cannot be sent because the recipient refused the connection. All this makes me believe it’s not a coincidence but a scam. How many days ago did you buy the first plan? I bought first the 10 $, later the 99 and later the 999 $ plan. It lasted 15 days or so. I earned less than 50% of what I invested.

              1. Me an my three family colleagues, we opened same account and we have similar issue only one withdrawal allowed, later they say that multiple account etc. and no mails are received (bouncing)

                seems they are fraud company

        2. Olha, estou pela mesma situaçao, fiz um investimento de 10 dolares, conseguir sacar dai então fui mais adiante, investir 99 dolares esperei da o minimo de saque, apareceu que a rerirada foi feita com sucesso, porem nem na transação do proprio site e nem na mimha carteira de Btc consta a retirada, então fica a dica não invista nesse site, perdir mais de 99 dolares nesse site, e tambem o site http://www.main-miner.com me parece ser do mesmo proprietario pois tem as mesma caracteristica o supporte é o zero mining de ambos site. No meu caso eu entrei em contato com o suporte fiz a reclamação do meu saque, ate ai beleza fiquei esperando por emails deles e nada, dai então fui fazer o loguim de novo, e estão falando que á um problema no processo de loguim do meu usuario, lembrando que isso aconteceu depois que eu investi mais um pouco e fiz a reclamação. Estou até hoje sem acesso a esse site eles me pediram para entrar em contato com o email fornecido deles la, eu ja perdi as contas de quantos emails ja mandei pra eles, mandei de todos os idiomas e nada, então estou aqui pra falar pra voces ficarem esperto a quanto isso eu tenho cadastro em outros sites q ja investir e estao pagando perfeitamente. Qualquer coisa entra em contato.

  2. I have been with mycloudbtc.com and I was able to withdraw once. I will wait a couple of more days and try another withdrawal.

    The platform looks weird. I am looking forward to the next possible withdrawal.

    However, one platform that I suggest to get away from is invest-btcmining.com. These b******s will trick you into paying fees that are not described anywhere in their page, have a fake certificate and are fraudulent.

  3. Update from yesterday: I was able to withdraw a second time from mycloudbtc.com. The page indeed looks sketchy. I only risk 99 usd, so not a big deal.

    Regarding invest-btcmining.com, they shutdown my user account, proving this site is a total scam. Learn from my mistakes and stay away from these mofos.

    I am also mining with IQ mining, I was able to withdraw twice, the quantity is quite low. I will keep you posted.

    1. TKS for the feedback. I will wait more widraw from you to see if is valid. I only have 1 ths so I can’t do widraw yet… The minimum is to hi.

      1. Yes, it’s 0.002 BTC. However, whenever I withdraw, they take a chunk of it, approximately 0.0004. So far I’ve been able to withdraw here. Will continue to post all my withdrawals.

          1. It continues normally until today at least. Payout as promised and withdrawal any time if 0.015 bitcoin minimum balance is available. Withdrawal is processed immediately and arrives in my personal wallet within seconds.

  4. Hi,
    I have purchased 2 plans from my cloudbtc since beginning of May. One 10 $ and another 99 $. I have performed 3 withdrawals until now. Yesterday I bought the most expensive plan (997 $) but although it has pa**ed more than 24 hours the plan is not active yet. I can see it at my plans option but it has not mined anything at all. I wrote to them several times but I got only one reply which suggested me to read their FAQ. There is no explanation in FAQ about this.
    I will give update if something changes.

    1. 2 hours after the first post my account was credited even for the 997$ plan according to the conditions. Technically they don’t display this plan the same as previous less expensive ones (I have 2 others, 10 & 99 $). I even withdraw the income very fast. Until now so far so good.

      1. I got the free one, the 10, 99 and 999 ones. So far so good. I hope to get the the biggest plan when I collect some more money. Let’s see what happens in a 20 days when the paid out income becomes higher than that invested. I am really putting my hopes on this.

          1. Yes. Using my phone to access it. I found some bugs. Number one. Never deposit to the account, if you want to buy something, get the plan and pay the invoice to the address given. Never deposit to the wallet there.

            Another bug is sending to wallets within the system. If you have two accounts, never send from one to another. It doesn’t work. If you send to an external wallet, it will work without problems.

  5. Update… 1 hour after the first post I got the first mining income from the 997 $ plan. Technically this plan is not shown like the other lower cost plans and the progressive mining during the 24 hours is not displayed. At least this happened for the first day. So far, they are paying normally and allow withdraw of bitcoins very fast.

    1. Hi this is now around a weekend from your start, how do you see the furthere days beyond the first day.
      Do you get specified #btc credits and could you withdraw them >

      1. The process goes normally until today. They credit bitcoins automatically once in 24 hours and they allow immediate withdrawals if you have a minimum balance of 0.0015 bitcoins. The withdrawal process takes only 2 seconds to see the bitcoin at your personal wallet.

  6. Hice una compra de 997 usd BTC en mycloudbtc y la.transferencia esta registrada pero no me sale el contrato en pantalla y no mina, que puede haber pasado?

  7. Si hago una compra de 997 y el.dinero no llegó completo, pero esta registrada la transacción,.pero no mina, q puedo hacer para completar y q empiece a minar?

    1. You have to wait more than 24 hours to get credited for the Mining process of 1 day. This plan doesn’t show progressive mining during the day like other less expensive plans but you get credit regularly every 24 hours (every day the credit process is postponed by 10 minutes). At least I have experiencing this for 6 days.

    1. I’m not sure for that but you must have at least 0.0015 bitcoins at your account to be able withdraw which takes long time for a free plan.

      1. With the bitcoin prices you return your money within 20 days. Everything else is additional income, right? Have you experienced this?
        Let us know emmm.

  8. Today I couldn’t access my account at all. I wrote to them but I got an answer saying you have to try again because they have no access to my pa**w***. Anyone else is having the same problem?

      1. Non, je ne peux pas encore accéder à mon compte et je suis sûr de ne plus y accéder.
        No, I cannot access my account yet and I am sure I will not access it anymore.

      1. It’s 6 days now that I cannot my account. I don’t belive I will be able to access it anymore… Anyway I will update info if a miracle happens…

  9. I didn’t lose my pa**w***. I used the Remember me option so username and pa**w*** were saved automatically. Don’t let any amount there but transfer it immediately to external wallet when there is a payout.

    1. Mike, technically you can buy the same package twice or more but I suggest you read my reviews above before buying. If it’s fine for you to lose money then go ahead…

  10. definitely a scam. stay away ‘ I invested on one 99$ plan there just to test it, after few days later I have done my first withdraw then bought more plans and now I am having the pa**port and ID document problem as well and cannot access to my account.

  11. H***o all… I bought $997 plan and have withdrawal request 0.01 btc and still waiting for more than one hour for withdrawl. Anyone requested like this and get payout

    1. When I was able to access my account I performed several withdrawals. This process was executed in a second. I have done it even for higher amount than yours. But I think these details are not important. They are a scam who create you at the beginning the idea that everything works fine and later in a way or another they block you.

    2. Have made four withdrawals. First one took 4 hours, 2nd and third less than an hour, and the 4th one, took two days. All good so far

        1. Hi em. Its my third week now, and i can’t access the site anymore. Was able to withdraw 3/4th of what I invested. It says I have abused the site and needs to email them my drivers liscense and home billing. I’ll try to provide what they needed and see if I can still log back in. How about you were you able to recover your account?

          1. Hi Gee, I cannot access my account anymore. They didn’t ask me anything, when I try to sign in the site says username or pa**w*** is wrong (I’m sure I use the right ones). They make you believe everything is fine until the second or third week and later they block your account. They pay back 50 or 70 % of the investment and that’s all…

            1. I can’t access my account, it says incorrect pa**w*** and username. I paid 997. I haven’t made any withdrawals.

  12. Caballero esto es una estafa no lo duden tiene. Diferentes maneras de robarte el dinero, a veces no depositan el dinero, otro es q te cierran la cuenta y te piden información. Te dejan ganar por un tiempo y luego te cierra y así, retirense a tiempo, cundo haces compras grandes es cuando empiezan a estafar

  13. I invested 99usd,and 4 10 usd. Was able to withdraw thrice. Yesterday was supposedly my fourth but till now, its not yet in my btc wallet. If i wont be able to withdraw again after this, i lost more than half of my investment.

  14. its a scam say away my acout its block same problem abuse of acout only work 15 days and then block acout stay away from this scam site

  15. I cannot access to this site it’s shows to do KYC anyone got this problem and got solved. I have invested $999 plan in that but I didn’t do anything here to do KYC.

    1. Same with mine they asked me kyc, drivers license and home billing after my 3rd week. Cant access my account now, its a total scam.

      1. Yes I referred totally 10 members, now everyone invested but now all of there account were blocked and asking KYC. So pls don’t invest there anyone after your 3rd week or 3rd payment all our accounts will be blocked. I contacted support they said ok they will check but still now no response. Contact me [email protected]

  16. I purchased 6 devices each of 10 dollar but on my dashboard listed only 3 devices. my 30 dollar just vanished. I have proof to send them btc, I have emailed them 100 times but no solution and no replied, just a reply came from them that was a threat that if I further spam they will block my account. I am just emailing them to inform my 3 devices or refund my 30 dollar but they threaten me they block my account. actually they are not a fraud also they a t******** who threat after taking money. we should complain to the police.

    1. Don’t invest here friend I lost $1000 by investing there friend. Pls don’t waste money starting they are giving but after 3 weeks they block your account. They block all my referral accounts who invested there thousands of dollars.

  17. SCAM STAY AWAY.
    I have bought the 10$ plan and the plan was online for 1 day an then goes missing. after 10 days i dont have the plan yet.
    The earnings are only from the free plan.
    Several times i contact support and the responso is to buy again.

  18. H***o users, I’ve not been able to log into my account, it says incorrect pa**w*** and username. I don’t know what happened to my account

    1. Same with me. And it makes me lost my investment alot. They are fraud,deception. Now they are change name server be mining4me.com be careful !!

  19. Scam alert !!! Dont make invest to this server. They are deception and fraud. And now they are change name to be mining4me.com
    be aware guys !!!

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