A few days ago I purchased 400 MH/s on Hashflare (affiliate link). This only cost me $60 usd and I paid by bitcoin so within about 30 minutes my cloud mining order was processed and I was in the cloud mining game.
The amazing thing with Hashflare is you can start with as little as $2.20 USD and get 10 MH/s for 1 year. For those just starting out with cloud mining its a good way to try it out for yourself.
Here is my initial purchase of cloud mining:
So this post me 0.4 TH/s and then I just had to wait for the first payout to happen, which is daily by 13:00 UTC.
So the next day I took a look at my account and here it as:
So I got 0.00004966 Btc from the $60 USD which is $0.88 USD when it was paid out. That translates into 1.46666667 % in one day. So the next thing that is very interesting is that you are able to reinvest the amount paid out into purchasing more hash power.
To calculate the compound interest I am going to use compound daily and here is the result:
So as you can see from the chart it provides a total principle and earnings of $91.05 in 30 days. That translates into $31.05 profit on $60 by reinvesting the profit each day, which is over 50% return on investment in 30 days.
Today I added to it another .32 TH/s second, so my daily payouts will now increase, check back tomorrow for an update!