How do I spot a bitcoin mining scam?

With the growing popularity of Bitcoin and cryptocurrency mining, scams are becoming increasingly prevalent. How can I, as an investor, effectively identify a Bitcoin mining scam? What are some common red flags to look out for? Should I be wary of promises of guaranteed high returns? Are there any reliable ways to verify the legitimacy of a mining company or pool? Are there any regulatory bodies I should consult to ensure I'm not falling victim to a scam? And finally, what are the best practices to follow when considering investing in Bitcoin mining?