Website Review : SCAM or LEGIT? Review SCAM or Legit?

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User management: Custom script 
Company transparency: Legit
Payment options: Bitcoin & Ethereum 
Affiliate: Bounty program Affiliate free 1-10MHz  
Reward type/share/pool: N/A
Cost electric power per TH/day (BTC): N/A
Contract price: from $60  
Earning return: N/A 

User Review
4 (4 votes)

Status: LEGIT
(classified as Cloud-mining)

“Dedicated Ethereum Cloud-Mining Company from Turkey”


  • Better earnings compared to many other legit peer cloud mining companies


  • Limited information on website

Red-Flag Score

  • Company registration: N
  • Address: N
  • People identity: N
  • Script/code: N
  • Design: N
  • Profit return: N
  • Onsite statistic process: N
  • Payment processors: N
  • Video/Images of facilities: N
  • Registered on HYIP Monitors: N




Based in Turkey, MygBit is a cloud mining company. They claim to have many investors from around the world and mention that they welcomed their 200,000th miner in 2018. There’s no information about their owners and neither have they provided any information about its key personnel or company registration details. But we found some valuable information from third party sites during our research for the MygBit review. Mehmet Yildrim is the tech team manager of MygBit. The company name is Mygbit Cloud Mining A.S. and the registration is in Scotland. 

Office Address: Üçevler Mah. 70.(220) Sk. No:1/22 İbrahim Yazıcı Plaza, D:1, 16270 Nilüfer/Bursa Review SCAM or Legit?
Street view map captured 2021

Phone: +90 224 888 16 16

Mining Plans

MygBit is dedicated to Ethereum mining and offers 8 plans to its customers. It works with a slide-calculator for how many Mhz you select and auto-select the plan level itself placing you on the right level of plan and membership. Review SCAM or Legit? Review SCAM or Legit?

Moreover, MyGbit also offers an extensive affiliate program with rewards credited to your account and Mhz mining power. Review SCAM or Legit?


MygBit, a Turkish cloud mining company, claims to have over 200K+ miner customers. It is very likely that they must be having a huge number of customers. Alexa shows that MygBit has over 15K monthly traffic and it means that MygBit is getting regular traffic from interested miners. Review SCAM or Legit?
Mr. Gökhan Topçu is the 2nd from the right

Though we believe that MygBit should have provided information about company registration on its website, there’s no doubt that the company is legitimate. They should also provide information about its owners and/or company personnel on their website itself. Regardless of it, we found some sources that indicate that Gökhan Topçu is the founder and General Manager of MyGBiT. Unfortunately, he doesn’t have a presence on any of the major social media sites. 

The company has also put out a variety of marketing videos and images. We can see the key personnel of the company in these videos and images. It is definitely true that the company has invested quite a sum in setting up their mining data centers. It can be proved from the images and videos as they seem to have huge set up and things like that cannot be faked. Review SCAM or Legit?
Mehmed Yildirim, Technical Team Manager

Our research indicates that is a genuine cloud mining company and they might get more popular if the Ethereum price continues its way up. Our rating for is 4.5 out of 5.0.

Join mygbit here:

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.


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