This is a quick post to help anyone thinking about taking the dive on cloud mining. After reviewing several sites and watching countless youtube videos, I decided to run with Genesis Mining (along with 2 other friends).
Note: I will not be posting my referral code, this is purely just for your information and to help others make a decision.
Genesis Dash x11 2 year contract (no fees):
Purchase value = $2,250 - 3% from a friends referral code = $2,182.50 USD
Currently made in the first 10 days of mining (split allocations 50% BTC, 25% LTC, 25% Dash):
Dash DASH 0.08493342 = $13.78
Litecoin LTC 0.65866185 = $27.85
Bitcoin BTC 0.01925045 = $42.58
Total = $84.24 / 10 days = $8.42 per day
The following is totally dependant on crypto currency fluctuations and dash mining difficulty:
1st year estimation = $8.42 x 365 = $3,073.30
2nd year estimation = $8.42 x 365 = $3,073.30
Total over 2 year contract = $6,146.60
Potential profit = $6,146.60 - $2,182.50 = $3,964.10 USD
Will post another update as time progresses to see how much this estimation will change :)