Genesis mining is NOT profitable. The only way to make cloud mining services like bitconnect and genesis profitable is by whoring out your referral links. That is THE only way to make these contracts or any cloud mining setup profitable.

For $3340CAD you can buy a BTC miner that will mine you $4840CAD of BTC at todays current price and difficulty. That in and of itself while expensive, is infinitely more profitable than genesis mining or any other cloud mining platforms