I made a substantial purchase (at least for my budget) of a Genesis Mining contract a little over a month ago. I invested about 6.6 bitcoins (at the time I believe the exchange rate was @600). A few weeks later the same contract would have cost 4.8 bitcoins (when the price decreased). I was just outside the cusp of those who received upgraded hashpower as well.
But I'm not here to complain. I'm here to try to figure out how to best use my remaining time with Genesis to get an ROI since I'm behind the 8 ball with the price I invested at.
I have had the realization that with Genesis's Auto-Btc I will not get back close to my initial BTC investment, so another strategy is needed.
Part of what drew me to Genesis was the Auto-Btc function -- their algorithm for mining the most "profitable" alt-coin and converting it to BTC every day. But having now spent some time in "ALTCOIN-LAND" and taken in the landscape ---- the most profitable alt-coin is the one that is going to be PUMPED (whether for valid or invalid reasons). The increase of difficulty and mining competition will ensure the "daily" method of most-profitable-coin mining will most likely not be a winning strategy. We must take a longer-view strategy.
I started mining Redd Coin on Genesis last week, and since then its value has more than tripled. I did some research on msg boards, found out about the Redd Coin halving and a few other indicators. Wasn't too hard to see there was going to be a spike. So the first step to positive ROI is doing research on the coins Genesis has in their arsenal, mine them directly, and try to anticipate pumps. Seems obvious now, but for an idiot like me this was a realization. If you haven't purchased Genesis Mining, I don't know if buying the alt-coins directly would be more profitable over time, but having GM mine them and pay them out to my wallets is a huge time saver.
Genesis just added Black Coin, and there is a nice pump going on with it. Genesis Mining said in this forum that the coin looked "promising". The thing is --- does "promising" mean a pump's coming, or does "promising" mean the coin has long term market potential? Was "promising" a code for "YO SUCKAS A PUMP IS COMING!" That's how I took it, and Genesis, please keep using that word when you see one coming. I don't believe BC holds long term market value, but if Genesis does I would like to hear the reasons. I don't like BC at all actually, but seeing Genesis say "promising" made me think they knew something I didn't.
My vote for the next coin is Monero. I know it has taken over the msg boards here and people are annoyed, but it has potential and the right investors (monero's VC). Speaking the choir here, but Anon-coins ALREADY have a market built in (the black market). This is not hypothetical! Using anonymous coins on the dark web is a NO-BRAINER. Mark my words, this will happen. The first anon-coin that works and has liquidity will have a sizable market value. DRK had promise, but I see them playing catch-up right now -- perhaps they can do it, but it is over-valued right now and is trending down. I have ZERO idea if Monero is going to be THE anon-coin, but of the ones on Genesis' list, it has the best shot. There's others like CLOAK, zerocash, etc. I need to examine, so please do your own research.