When I bought a mining contract with genesis mining on 2016-06-17 I was vastly uninformed and i hope this post doesn't let anyone else do that same.
On 2016-06-17 I spent $109.42 on 2 different contracts.
My dagger-hashimoto contract cost me 76.78 and mined Ether for a year, Ether cost 11.50 the day I bought this contact. If I had bought Ether with this 76.78 at this time it would have been 6.6765 Ether. Today that would be worth $2216.60. Instead the contact gave out $929 worth of Ethereum. This contact was only a year long and has ended and I wont receive any more.
My sha256 contract cost me 32.62$ and has been mining Bitcoin, however this contact will continue to play out as long as the payouts are larger than the service fees. Bitcoin was valued at $750 at the time I bought the contract. If I had bought bitcoin directly instead of the contract with the $32 it would be worth exactly $200 today. Instead the contract has given out $114, and the payouts have slowed to about 2 dollars a month.
In conclusion, I am not satisfied with my purchase on these contracts. I would have made so much more money if I had just bought the coins I was mining instead.
Comment with your experiences with mining companies and if you think they are worth it.
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STOPi think to buy too