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Ugh cloud mining rug pulls - the worst
Hosted mining has similar risks
In the future, it will be possible to buy hashrate w/ escrow and mine without the rug pull risk - check out Rigly.io (my project) to try it out.
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Lol still happening man, feels like they spin up everyday here in South Africa, someones always shilling some borked interface on whatsapp claiming they have rigs that you just have to believe exist, people get taken on the regular
Every so often someone will forward me this nonsense and I have to explain what a scam is and how it works
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Cloud mining is a think that will be around forever.
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Anyone else remember the wild days of "cloud mining" and how it was going to solve everything and make regular people able to participate and then BAM they all either turned out to be scams or just straight up couldn't come anywhere near delivering what they claimed!