Not really a pyramid since Genesis Mining are running a real business - they have real mining equipment running.

But there are indeed many black sheeps in the Cloud Mining market - which don't really run a mining business and instead a pyramid scheme - so take care when investing into other offerings.

When investing money you just wanna maximize your profits. The simplest thing you could do is buy some Steem for example if you think - the value of Steem will raise over the next few month or years - just like an asset on the stock market.

Mining contracts are a little bit harder to understand because your gains are affected on two factors (market price of your crypto-asset and mining difficulty). Mining difficulty raises if more and more people start mining a specific cryptocurrency - so you get a smaller peace of cake of those mining profits every day.

Thats why i'am looking for really good value, before investing into a mining contract on Genesis Mining. Today for example they listed X11 contracts again - as it looks now it could be a good investment.

I'll start a new project and special offer for people who wanna get into Genesis Mining this weekend. I won't spoil to much yet, but it will be very useful if you already use Steemit :) Stay tuned!