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RE: Cloud mining investigated. (Ethereum Contracts)
Off course it depends on the goal.
If you think as a short term investor (less than a year) - while it looks break-even and you better buy Ether now and wait. Also to avoide liquidity issue.
In long term - by mining you are getting source of ether no matter what - price volatility (hugely up/down) - Ehter is not a currency - it is a commodity - fuel for applications in the network.
If you think as an enthusiast of blockchain - by mining you are supporting network, helping to run transactions faster - kind of social responsibility.
Out of 4 outcomes (0-0, 1-0, 0-1,1-1) I'd choose the last one buy and mine.
This is true, it does contribute to the Ethereum network. Though I think most of the people buy the contracts for the profit that they think they will get. That's why I wrote this post. Iff your in this space for the profit. The mining contract won't get you any.