yep that's about right 2/3 going to genies 1/3 going toward you.. enjoy
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Wow, that's 1/3 going to me instead of having to pay an additional 1/3 to the power company for running the equipment at my home. Thank you for doing the math for me

True but instead of someone else keeping the other 2/3 of the payouts, you would get to keep it

In other words you are paying 2/3 to the "power company now" vs you doing the mining at home instead of genesis
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if it really 2/3 going to power company then Genesis is wiser choice because you dont have to take care of your hardware or maybe you dont have to pay extra bill of your internet.