Hi krutilla! Thanks for sharing!

I myself have invested some money into Genesis mining (cloud mining) some time ago.

In retrospect I would say I didn't lose to much money but to beat the performance of buying the crypto assets you could cloud mine is kind of hard to say the least. Miners have to try to outperform the assets that they are mining or speculate on price action in the future. Since speculation is risky for cloud miners they transfer those risks almost completely on to their customers. To pay the bills they constantly have to sell the coin they mine (spot). Usually when large gaps (mining cost / price movement) happen they get into trouble fast... and when they do their customers do. To lower their risks you'll find that the pricing models and payouts and contract details push the risk to the cloud mining customers. Just try to backtest a little investment into a cloud mining service vs. buying crypto assets in the market with pricing models from your favored cloud mining service. Maybe you'll be surprised.

If you're interested take a look at my article I've posted in thebitcoin.pub. https://thebitcoin.pub/t/genesis-mining-a-in-depth-look-into-my-investment-so-called-open-ended-btc-mining-contracts-will-be-terminated-soon/48336 in that matter.

Also... I did not take into account possible additional money one could make with referrals. In that regard I'm always a bit torn. Sure if you get a lot of people into something that you believe in that's fine. But some of those will always make you responsible for the outcome of their investments. If things go great and they make a boat load of money your'e gonna get guru status (:-)) but if not... you know what I am getting at, right? So again thanks for sharing and STEEM ON fellow Steemian!