So it's been a day since I bought my 30 Mh/s 2-year contract with genesis mining; and my first earning is appearing as "0.01490537 Ether" which at the current rate of $330 would be $4.92 roughly. I think my first payout would be after 30 days have elapsed, if I remember correctly, it's their policy after you buy your first contract. Also my first earnings are for half a day since I started in the middle of a 24-hour mining cycle. Can't wait to post results from day two :)!
If you're thinking of buying a contract too, use my referral code "5mh2Ko" to receive a 3% discount! Leave a message in the comments section below if you use it, I'll use yours too when I upgrade my hashing power.