You just answered the primary question you should be asking - trying to be profitable mining with a high electric rate is generally NOT possible for the long term, though there has been a short-term ability to do so the last 3-4 months or so due to a massive price rise on most coins coupled with production limitations making for shortages of available mining GEAR not letting the network hashrate rise anywhere near as fast - but the last couple weeks of price DROP on coins coupled with accumulation of mining gear has led to a significant drop in profitability and a high probability of "high cost electric" producers never seeing payback on anything they invest into new mining gear at this point.


 Short form - if you don't have cheap electric, you probably WON'T make enough of a profit to pay for your gear.