MyBitcoin.City

[Julianvgagnon]

MyBitcoin.city is a new faucet/investment based gamification site that displays like SimCity.

As a relatively new site that less than a week old it seemed like a good topic to discuss!!

Users begin their city with a bank, which functions as your base faucet that earns 50 satoshi an hour and lasts forever. Unlike many other faucets, you don’t need to claim rewards every 30 minutes or an hour.  Your bank stores the satoshi which you can then transfer to your in game wallet every 8 hours!  This is a definite plus.

If you want to upgrade your city you can invest bitcoin to get more buildings. You can have up to three of the same buildings running at once. Each building only lasts until you double your profit. It adds something like 5% of the investment to your hourly total and then a small hourly bonus on top.

The first level building for your bitcoin city is the vape shop. It costs 0.001 Btc.  I bought 2 and it added 110 satoshi to my hourly claim.

Second level building is the coffee bar. It costs 0.002 and adds 100 sat+ 10 bonus to your hourly claim.

Third level is the pizzeria. Cost 0.004. Adds 220 per hour.

Fourth level is the kebab. Cost 0.006. Adds 330 per hour.

Fifth level is a pet shop. Cost 0.01. Adds 605 per hour.

Sixth level is the pharmacy. Cost 0.015.  Adds 908 per hour.

Seventh level is an exchange. Cost 0.02. adds 1320 per hour.

Eighth is a restaurant. Cost 0.04. adds 2640 per hour.

Ninth is a hotel.  Cost 0.06. Adds 3960 per hour.

Tenth is a casino. Cost 0.1.  Adds 7,150 per hour.  

Eleventh is a tennis stadium. Cost 0.15. Adds 10725 per hour.

Last and final level is the football stadium. Cost is 0.25. Adds 19,250 per hour.

So clearly there are a number of options for investing and quite a range in price.

But does it pay?!?  To be honest, it’s so new that we really don’t know. No one has reached the minimum 0.001 level yet. That being said, I’m hopeful. Here’s why...

If you read their terms of service it says that money from deposits will be allocated in the following manner: 85% to cash out, 5% affiliate, 5% marketing and 5% profit. The fact that they thought that out and put it in the TOS I view as a positive. Although it might not be the best for some, a 5% affiliate referral is probably more sustainable in the kind run than other sites. According to the terms, they only take 5% profit. Not bad considering each investment will double over time.

Overall I think it’s a pretty clever spin to a faucet with a decent return on investments.

[1715173593]

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[1715173593]

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[1715173593]

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[1715173593]

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[marlboroza]

Why do you call it faucet? There is investment option:

7. If you want you can make a deposit and wait for 1 confirmation, then your deposit will be added to your balance in your user area;

8. Buildings generate incomes until double of their cost (200%), after this, the building will be disabled and it will be available to buy again;

So it is nothing but a ponzi scam.

[Julianvgagnon]

Before I respond to your point, you flagged my post and attacked my credentials with the site?  That’s messed up!  Sorry I’m new to Bitcointalk...

Is it a Ponzi scheme?  I guess we have different ideas of what a Ponzi scheme is. And I guess what a faucet is too!

My understanding was that a Ponzi scheme has no way of generating revenue, so they have to use new signups to pay generate money for its users.  MyBitcoin.city wouldn’t be a Ponzi scheme then because they generate revenue through deposits. Although the site is new, when it gains traction I’m sure they could also generate revenue from advertising. Also as I said in the original post, the referral bonus is small compared to many other sites.

Your evidence of a Ponzi scheme was quoting a line that said 200% return. How is that a Ponzi scheme???  ROI seems different from how the company generates money to pay its users.

Now, is it a faucet?  Yes, absolutely. If you first building is free, and generates 60 satoshi an hour regardless of your investment, it’s a faucet. It’s not the highest paying Faucet I’ve seen. But it’s also not the lowest either. By my estimate it pays about $3-4 a month even if you stick to the free plan. It also requires you to claim less compared to other faucets.

[supermoney]

Idea is cool and design is stunning!

[Julianvgagnon]

They can coexist. I do both so I’m sure others will too!!

But yeah- design is great! I used to be a huge simcity fan so I particularly like the concept.

[Julianvgagnon]

Here's the first payout from mybitcoin.city

https://www.blockchain.com/btc/tx/311f7b7e23de165954d12fa7e0a2a1b0a2ba423c91f9227fa2a6ecc944c22b42


And an update on the most recent promotion:
Any deposit will be automatically doubled!!

[Talerant]

I also know about AMFEIX
My friend and I learned about this project recently and also decided to participate

[Talerant]

I also know about AMFEIX
My friend and I learned about this project recently and also decided to participate

Why, why did you like this fund so much?

Because they work honestly, they have an active telegram chat, where they answer all questions, it inspires confidence in the team

[partysaurus]

Bad timing for this project since MSC is actually getting 10000 users registering and depositing everyday https://bitcointalk.org/index.php?topic=5156693.0
Idea is cool and design is stunning!

but msc turned out to be a scam no one is getting any money out the last couple of days.

[Julianvgagnon]

Another project that promises an incredible profit. I don't think it really works.

2x is not a huge return compared to many hyips

[Julianvgagnon]

I also know about AMFEIX
My friend and I learned about this project recently and also decided to participate

Feel free to create a different thread about AMFEIX instead of taking over other peoples. Pretty sad way to promote

[PeterBTC089]

I really thought it's a SCAM since I have performed a cashout on 26.08.2019 and didn't received it in 48 hours:

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10. Your cashout requests are processed automatically but need to be approved manually for security reasons. This way if someone steals or hacks your account they can't cashout your balance instantly. The estimated time to approve your cashout varies from a few minutes to a maximum of 48 hours.

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I wanted to wait until today and then write here that it is a SCAM BUT I have received my payment. There are 7 payments today and one is mine:

https://www.blockchain.com/btc/tx/df84d09fa4201df98a990fe8f8aa12ecaadab03fbad3e8dcf9463c220d7478dc

I'm not sure about this project and what it really is but the owner is willing to pay. So I will use it furthermore and let you know further infos as soon as I have some.

[Julianvgagnon]

I really thought it's a SCAM since I have performed a cashout on 26.08.2019 and didn't received it in 48 hours:

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10. Your cashout requests are processed automatically but need to be approved manually for security reasons. This way if someone steals or hacks your account they can't cashout your balance instantly. The estimated time to approve your cashout varies from a few minutes to a maximum of 48 hours.

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I wanted to wait until today and then write here that it is a SCAM BUT I have received my payment. There are 7 payments today and one is mine:

https://www.blockchain.com/btc/tx/df84d09fa4201df98a990fe8f8aa12ecaadab03fbad3e8dcf9463c220d7478dc

I'm not sure about this project and what it really is but the owner is willing to pay. So I will use it furthermore and let you know further infos as soon as I have some.

They experienced some problems with their payment processor that delayed cashouts.  So far every cashout request has been paid.  Two months running strong!

[PeterBTC089]

Julian...you don't have to say "They"! I'm really sure, that you are one of the owners/admins.

[Julianvgagnon]

hahaha.  I can only wish!!!  I really am just a user.  i saw what a telegram channel did for mysolidcoin and then created one for people I referred to mybitcoin.city the day i joined in the first week of the site.  after i created the channel i told the site of course they promoted it...doesnt cost them anything.  helps me and the people i refer to have the telegram channel.  and now it's connecting me to other people in the crypto community.  one of the users from german that contacted me because of the site has his own mining and trading company and wants me to help.  but seriously- im just a regular old teacher- google me- linkedin me- not an owner or admin. 

[RACToriginal]

how people still fall in this scams ??

[Julianvgagnon]

how people still fall in this scams ??

first, it's not a scam.  everyone who has made a cashout request has been paid.  second, you dont have to invest and you can still cashout.  how exactly is that a scam?  third, because everyone continues to get paid, people continue to invest and take advantage of promotions.

proof of payment number 35 (my 4th payment in a little over 2 months)

https://www.blockchain.com/btc/tx/50697faf6b85925a31124e269f2078fce6e9b5bd500a5c2ecaec1dccdecf5c40


proof of payment number 36

https://www.blockchain.com/btc/tx/54de1cd7a78eb34b08cdf031f6dd7cc179e23c1ac31ebb1e8c98bf295134a748

[tigerofsierra]

hello there. I have made a deposit of over 0.004 btc to mybitcoin.city before 4 days while they were running their so called ..SEPTEMBER MEGA PROMO #2. The offer was DEPOSIT 0.004 MINIMUM AND YOU WILL GET 1x VAPE SHOP FOR FREE. i have NOT yet received the gift. I have sent them 3 emails but they DID NOT answer at all..... So sad about their inconsistency. Please anyone can help me about that? Thx a priori

[Julianvgagnon]

hello there. I have made a deposit of over 0.004 btc to mybitcoin.city before 4 days while they were running their so called ..SEPTEMBER MEGA PROMO #2. The offer was DEPOSIT 0.004 MINIMUM AND YOU WILL GET 1x VAPE SHOP FOR FREE. i have NOT yet received the gift. I have sent them 3 emails but they DID NOT answer at all..... So sad about their inconsistency. Please anyone can help me about that? Thx a priori

i can try to help!  in the future, you might get a quicker response through the telegram group.  what's your username?

[tigerofsierra]

hello again and thx for your interest. For security reasons i cannot tell my username in public. Are you connected somehow with the mods of the site?can i send you my username in pm?

[Boonty]

Attention , ce site est une arnaque. Site basé sur un système ponzi. N'investisser surtout pas !!! Vous ne reverrez jamais votre argent. Vous êtes prévenus.!

[Julianvgagnon]

Proof of payment number 87

https://www.blockchain.com/btc/tx/86232b78d999ef8cee5465cd18c6ff3f24ef8f94c5a2ed53ef83382674665389


Proof of payment number 88

https://www.blockchain.com/btc/tx/3251a75e17ac6ad013ea083b3de6402ba0a8720f0d679d3218fab5611e84c175


Proof of payment number 89

https://www.blockchain.com/btc/tx/9cd57d3b5cc4b12d7230aca15c9c615871a6f088216b4144ca22a98af6e46db9


Proof of payment number 90

https://www.blockchain.com/btc/tx/e235d54ead204a52b5d2f810e13e65b74a96a3122c4c5be778c08341778cba75


Proof of payment number 91

https://www.blockchain.com/btc/tx/78c6a4225def616050a8711e1bb734aab1e6cbb2dd48d3b7de2fad8ef71868f4

[Julianvgagnon]

Attention , ce site est une arnaque. Site basé sur un système ponzi. N'investisser surtout pas !!! Vous ne reverrez jamais votre argent. Vous êtes prévenus.!

I don't understand everything you said so my response might be a little incomplete but mybitcoin.city is not a ponzi scheme.  The new owners have successfully landed banner ads from freebitco.in as well as fortune coins (not cheap based on what the previous owners charged- not sure of the exact price under new ownership).  They continue to gain revenue from a-ads when users log into their city to claim coins.  So the revenue for payouts does not only come from user deposits.  There are plans for even more revenue streams coming in the future. 

As of today, the site continues to pay out:

Proof of payment number 92
https://www.blockchain.com/btc/tx/ce3f22dad44cbea179bc9c465f6581b5bc6dada0907f44322a23bfb9e8c27696

Proof of payment number 93
https://www.blockchain.com/btc/tx/c40598776ae7ba79585577ff1ca4f8e9c0c8f3b13d76dc34303a841348731df1

Proof of payment number 94
https://www.blockchain.com/btc/tx/ae10fa6d1a30a229182197b8f8a324391d5804c86a421f7baaae2316d35fdfb8


And they offer attractive deposit promotions:

🔥 OCTOBER LIMITED PACKS PROMOTION! 🔥
STARTER PACK (Only 10 Packs Available!)
DEPOSIT 0.002 BTC AND GET 2x VAPE SHOP + 1x COFFEE BAR (0.004 VALUE)
EXPANSION PACK (Only 6 Packs Available!)
DEPOSIT 0.004 BTC AND YOU GET 2x COFFEE SHOP + 1x PIZZERIA (0.008 VALUE)
ADVANCED PACK (Only 4 Packs Available!)
DEPOSIT 0.01 BTC AND YOU GET 2x KEBAB + 1x PET SHOP (0.022 VALUE)

[PeterBTC089]

What's going on with the site?

I have performed a cashout on the 23. October and I don't have received it until now.

Due to the site, there has been no cashouts performed since 26. October.

[supermoney]

What's going on with the site?

I have performed a cashout on the 23. October and I don't have received it until now.

Due to the site, there has been no cashouts performed since 26. October.

It has turned scam couple of weeks ago, sorry for your loss.

[FaithInCrypto]

It has turned scam couple of weeks ago, sorry for your loss.

Too bad. I've checked the site and it seems interesting since I'm a sim city fan too. I find the graphics cool, that's really unfortunate that it turned into a scam.