I took the plunge with Genesis Mining after a bout of foggy minded greed. What they describe as "risk" is in fact a completely unviable proposition.
I sank $700 into 5 terahash mining power. My yield in over one month is about $73. This is after the rise in the price of BTC over the last month.
Unless BTC appreciates markedly in the next 12 months, I am unlikely to recoup my principal. That becomes even less likely with the hash rate growing at a pace.
Am aware of skeptical views about its model, but ignored them thinking it was worth the plunge. As of now, it seems the skeptics have a point.
Would have been much better buying $700 of BTC outright…