For your information, Iceland has cheap power because of hot springs not because of cold climate.
Another thing: your daily income declines because of difficulty, not scam. Increase in difficulty will eventually increase price.
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You are right but, I'm suggesting cold climate and cheap electricity as two different factors why they have chosen Iceland to set their mining farm.
Another thing: difficulty increases therefore my return falls, I'm aware of that and I'm not blaming Genesis, I didn't say a word about it being a scam.