Good move taking that BTC back under your control. It's too bad that some Youtubers which were previously a great source of crypto news and insight are now stuck in a loop of promoting this BCC scam coin.
To be fair I don't think Genesis Mining is a scam although they most likely do some fractional mining. The problem is that we have to trust that these cloud mining companies will not exit scam or go under while we wait a year +/- a few months to make ROI on the original coins (not the USD amount as we are comparing versus buy and hold). Then you have to speculate that the coin difficulty will not bring profits to a screeching halt after that.
Let's say we bought a 2 year $2600 600 MH/s X11 mining contract when they were available a few months back. At that time we could have purchased a Baikal 600 MH/s miner (https://www.cryptocompare.com/mining/mineshop/baikal-quadruple-600mhs-dash-miner/) for about $1400 plus power supplies (4$12=$48) and 2 years of electricity ($0.4608/day365 days/yr*2years= $336) bringing total investment cost to ~$1800. Basically we would be paying Genesis Mining $800 to manage our mining for 2 years. I guess that is worth it for the less technically inclined but the mining fee is very steep ($800/600 MH/s = $1.33 per MH/s not including electricity cost). They do not make that management fee transparent on their website which does not sit well with me. At least they have resisted the temptation to exit scam which is rare with cloud mining.
RE: Bitconnect SCAM with PROOF