MBitco

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MBitco is a slightly different HYIP from what I normally invest in, but I thought I would give it a try as it is hosted out of a similar location as BitcoDaily, Bitstorm, and other strong performing HYIPs. Obviously this is no guarantee of results. The HYIP has enough plans to make anyone get confused, but they are all principal + interest returned at the end of the chosen time period – either 1, 5, 10, 20, or 40 days, and depend on the amount invested.

The 1 day plans are a bit sad and only pay 4% daily for deposits up to 0.5 BTC, but are suitable if you want some experience with this style of HYIP. The 5 day plans are probably reasonable and you will get 5% daily for up to 0.5 BTC, while the 10 day plans pay 20% per day. The 20 day plans pay less than the 10 day plans, and the 40 day plans require more than 0.5 BTC which is locked up for 40 days, so don’t pick that one. Confused yet?… I know I am.

Anyway, the site is bitcoin only and the minimum deposit is 0.001 BTC for all but the 40 day plans. The minimum withdrawal is 0.0001 BTC. Keep in mind that your principal is included in every plan and is returned at the end of the time period.

Min.Daily%Days%Paying?RiskRelease
0.0014%936%stat-scamInsaneNo, Included

I have multiple plans running, but am only using the monitor for the 1 day plan as I can withdraw everyday to check paying status.

Details

TypeDetails (if given)
NameMBitco
URLhttps://mbitco.com/
Date Started23rd August 2016
Original PlansToo many options, but a summary of the top plans:
1. 135% after 1 day
2. 300% after 5 days
3. 550% after 10 days
4. 1100% after 20days
5. 2500% after 40days
IP Address91.220.101.45
Hosting LocationSpijkenisse, South Holland, Netherlands
Company Address28 Montpelier Place, London, United Kingdom, United Kingdom, SW7 1HW
Contact Phone+(44) 203 6959 394
Emailsupport@mbitco.com
Company Number10227341
Registrar DetailsCompanies House, Cardiff, 11th June 2016

Website

Snapshot of MBitco

Snapshot of MBitco

HYIP Log

DateDetails
23rd AugustSign up and add initial investments
24th AugustPayment received, instant withdrawal. Add new deposit to 1 day plan. Total Members: 3,160. Alexa Rank: n/a
25th AugustPayment received, instant withdrawal. Add new deposit to 1 day plan. Total Members: 4,363. Alexa Rank: 6,370,777
26th AugustPayment received, instant withdrawal. Add new deposit to 1 day plan. Total Members: 5,064. Alexa Rank: 1,367,427
27th AugustPayment received, instant withdrawal. Add new deposit to 1 day plan. Total Members: 5,740. Alexa Rank: 1,367,427
28th AugustPayment received, instant withdrawal. Add new deposit to 1 day plan. Add new deposit to 10 day plan. Total Members: 6,471. Alexa Rank: 862,490
29th AugustPayment received, instant withdrawal. Add new deposit to 1 day plan. Total Members: 7,182. Alexa Rank: 432,365
30th AugustPayment received, instant withdrawal. Add new deposit to 1 day plan. Total Members: 7,811. Alexa Rank: 386,372
31st AugustPayment received, instant withdrawal. Add new deposit to 1 day plan. Total Members: 8,549. Alexa Rank: 283,579
1st SeptemberPayment received, instant withdrawal. Add new deposit to 1 day plan. Total Members: 9,016. Alexa Rank: 260,155
2nd SeptemberPayment pending - calling a scam as it has many reports of not paying for over 24 hours.

Analysis

As I mentioned above, not the typical style of HYIP that I like to invest in, and it looks like I’ve had to learn the same lesson again – don’t invest in HYIPs with plans like this. I gave the admin the benefit of the doubt, and it has burned me, and many of you who invested with me.

Overall, I got to 36% return on the 1 day plans, but lost both 10 day plans – very disappointed and a bad decision. Feel free to trash me on the public chat if you must – but, always remember the best lessons come from the worst mistakes, and I can assure you I won’t make the same mistake again.

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