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11 sats \ 1 reply \ @Scoresby 6h

Rough story. I'm sorry to hear they turned out to be scammers. At this point, I have to admit it seems like any hosted mining setup is just not worth it. At best profits are eaten away by costs and fees. At worst it's just a scam.

Thanks for sharing your story for the rest of us.

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I looked into hosting with a couple guys in Iowa

They have a YouTube channel and they belong to a couple Mining groups on Telegram

I decided not to because of the capital expense

You should check out Rigly or Braiins for buying and leasing hashrate, i.e. mining without buying any equipment

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I feel your pain scams are a foot! Hopefully you were able to recover

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It looked like a solid deal: full ownership, resale rights, AI-driven Smart Mining for extra profits, and hosting in Nigeria at some of the lowest electricity rates around.

Hosting in Nigeria was not a red flag?

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