unfortunately you can not call them scammers because they still continue to make payments
They deceived investors, if that is not a scam, then what is?
I purchased a lifetime contract (never expecting to be lifetime due to difficulty increases) and yes they have every possible "get out" clause written into their contracts, but at the end of the day they deceived people, some people purchased lifetime contracts the day before, do you think they just woke up one morning and said to themselves, hey lets cancel every lifetime contract and make it a year?
Answer to that is no, they would have known internally for weeks if not months that they were going to implement this, therefore they scammed anyone by keeping those lifetime contracts for sale while knowing they would be cancelled.
Anyway, they have not only harmed the industry (not that cloud mining has a high reputation lol) but they have harmed themselves through sheer greed.
I would rather buy a contract at Genesis for twice the price than give those greedy Mother Fuckers one cent of mine ever again.
I will make a profit by the time the now 1 year contract expires but still, they did the wrong thing and should have at least Grandfathered all previously held contracts and only cancelled them when they no longer became profitable, which is not the case, instead they did the dirty on everyone, hope they rot in hell.
Karma will catch up with those bitches.