It was a 2 year ethereum contract (and i found the payment bit confusing at first too so i reached out to them); it's one-off payment for a 2 year contract beforehand.
And if you read my posts from day 1, you will see that I pointed out you can't cash out for the first 30 days when you buy a contract (it's their policy); once that period elapses, I'll see what happens.
And I got into this contract, because getting a mining rig wasn't an option for me, and this seemed somewhat viable. I read a lot of negative reviews on the internet which made me hesitant at first, but then I had some cash set aside for ethereum mining which I thought I'd dump into genesis and see how it works and if it's useful. If you work by the premise that the coin you're mining will go up in value over the time you're in contract with them, then you do make your money back fast, and also more on top of it. Plus you recover your money (particularly in my case) in about 8 months. Everything beyond that is profit.
RE: Day 3 With Genesis Mining Ethereum Contract