Yes, hold for the moment is more profitable than mining.
I bough for 1 500$ of rigs a month ago. I make 2 ETH already, and 1.9 ETH probably the next month. If i had bough for 1 500$ i could have 8 000 $ + today for ETH. But the rest of the time, mining is interesting .. as long you do it yourself ! With genesis mining you dont have the same option of switch crypto like in real life :s