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So to clarify, after a profile reset the global.ini looks fine, showing your profile name?

Image > Mode > 16 Bits/Channel

And yes needs to be greyscale

I'll check it. What is the size of your terrain?

I modified your post

Why not attach the images instead of linking to imgur?

Rightclick MxBikes>>properties>>Localfiles>>Browse local files

Look for the Mx Bikes.exe and run it from there.

Also worth a try is to right-click on mxbikes.exe and 'Run as Administrator'

This is very weird. Only things I can think to try:

1) Try installing MXB to a different location

2) Download the standalone version to see if it does the same thing

[Properties]

Please try this:

Right-click on MX Bikes > Properties

Go to the Local Files tab and click Verify Integrity of Game Files

Yep just push the stick the opposite way to invert

You have to register before playing online (not necessary for the Steam version)
http://stats.mx-bikes.com/register.php

Did you definitely install OpenAL when installing MXB?

So the folder exists but you can't see it on the profiles page ingame...? Weird.

Please open Documents\PiBoSo\MX Bikes\global.ini and report what profile name it says

Have you also made sure you have the latest version of the OEM mod?

Have you tried connecting to an empty, standard server (no mods) and leaving it for 5 mins? Just to see if it's loading slowly?

Honestly the step by step instructions are
1) put the track into the mods\tracks folder

you don't need to put anything / change anything in the programs location

If this doesn't work for you then we will try to find out why!