I think you just chose the wrong mining contract at the wrong time.
I have more than broken even on the Open-Ended BTC mining contract at Genesis. Here is my post:
https://steemit.com/review/@etcmike/genesis-mining-review-8-84-035-th-s-open-ended-bitcoin-mining-more-than-broke-even
It is very possible to pick the wrong mining contract. I chose a 2 year Ethereum mining contract that will not make money.
Have a great weekend!
Steem on,
Mike