I know from trustworthy sources that Genesis mining (www.genesis-mining.com) are selling in record numbers at the moment due to their extreme low prices and upgrade their farm more and more! If you read their posts and do some research they already had gigahashes of scrypt at the very beginning of this year when it was impressive to have > 10 MH/s with GPUs!
Could that be a threat to Altcoin world? What do you say?
I don't think it would be in Genesis Minings interest to to be a threat.
From what I gather, they are all mining enthusiasts and love the community and wanted to give something to the mining community.
Last thing they would want to be is a threat.
I am a customer of them and am loving the fact that I don't have to have my mining computer on anymore.
If they are growing and are doing good, great for them, at least I know that financially, they are doing ok