You can get your foot in the door by just using whatever money you were going to pay genesis to mine, and instead buying btc, eth, Monero, whatever for whatever it's at. How annoying would it be if someone pays Genesis $500 to mine and in a week btc shoots up $500 a coin. That person will hate mined basically nothing, and if they would've just bought bitcoin, would be up 20%. Ether is still profitable if you do it on your own which most people will never do. Bitcoin is not profitable even to do on your own. Mining on your own has nothing to do with what I'm saying regardless. Mining with genesis is a joke and you'll never make as much money as if you'd just buy the coin. That's my point
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I guess I lost my train of thought in my essay but I understand what you are saying, let's do some math, GPUs run about 300$ for a good miner that hashes 25Mh/s that will produce about 4 ETH a year (baring insane difficulty increase) on genesis mining you can buy a 25MH/s contract for $750, so clearly they over charge you on hardware, but on the other hand you don't pay for electricity and you have 0 hardware downtime. So in one year a rig with one 25MH/s GPU would make you about $1139 by todays prices and difficulty. If you were to invest $750 into ETH you could buy 2.84 at $280 per ETH. and maybe the price will double but the only way you will have made any money buying ETH is if you got it at 280 and it jumps to 600 or so, now I totally think thats possible but in the same amount of time you would have been mining more ETH with genesis for the same amount of money.
I just mine with what hardware I currently have. I use my gaming pc to make me a little money on the side, so I did not build it to just "mine"