hmmmm... Yeah. I gave up on having Genesis auto buy Steem with my mined BTC. Instead I set things up on Bittrex so that I can strategically convert my mined BTC to Steem that way. Rather than dollar cost average in by receiving payouts in purchased Steem through Genesis Mining, I can now set up trades and pick the bottoms to buy at on Bitrex. It's not as automated but I have more control allowing me to maximize my buying power. I'm quite pleased. Bought most of my Steem under $1 and today it was up around $8.
As for Genesis Mining... I'm not for capping user base at all... That would only serve to further centralize hashing power... Diversified holdings all across the board is the way to go not only for the continued security of the network but also in regards to giving everyone an equal opportunity.