Depends on your purpose...

If you mine for profit... very possible... price per KW is the number you worry about along with btc price ask any miner they will tell you they look at their electrical cost before they look at btc price basically looking at how much its cost to generate 1 BTC...

I know some people will mine even if it breaks even so they can move money around easily without fiscal constraints.

some will mine even at a slight loss... "more of the illegal kind"

depends on your purpose... heck some mine to exchange their fiat currency for USD EUR Pounds etc... all depends on the purpose.

but to say not profitable.. its truth for some but not for all, and is truth for less people than you think.