I'm also an Ethereum Miner and already Checked Genesis Mining. I think you are taking too much risks and you will result as a lost of your money or will have small gain. At the current state : the 100MH offer for 3700$ for One year is a joke... On coinwars, you will earn with this hashrate around 0.73 ETH/DAY which result as 266 ETH for this contract (and you know that the difficulty increase each days...) if we look the actual price : 1ETH = 13$ (ETC make crashed ETH in the market) so at the end you will gain : 3458$

It for sure a loss... Regarding what I did. Bought for 3800€ of hardware (Motherboard, Harddrive and power supply included) and currently have 170-180MH hashrate wich give me around 1.2ETH per day + around 6-7k SIA Coin. it make me earn : 16.5$ + 4.69$ = 21.19$ / day. I could have my ROI in 179 days (a bit more with my electricity costs) but it's still greatly better than what propose Genesis Mining. And I can at the end still sell my CG and just upgrade it with new one.

I would consider buying this if the cost was around 2400 / Year for 100MH with 2% fees. So I can still make money (around 1056.55$ for a year)

• 7 Radeon 370 cost 1200$. They already have the motherboards etc... + Electricity costs 0.10ct * 0.74KW/H x 24 = 1.776$ x 365 = 648.24
  1200 + 648.24 = 1848.24$

• They can earn per contract = 551.76 / Year + Fees + they can sell the hardware to upgrade it.

Actually you are paying them a second equipment each time you suscribe a 1 Year contract.

Dude you have been scamed so much...