Of course. The current spam of non-mineable premined ICO and airdrop nonsense will eventually calm down. Those are not the norm, those are just noise that are taking steps backwards in crypto instead of going forward and innovating. Because of Bitcoin's price rush this year it's like we're in an insane asylum; overrun by huge amounts of greedy and lazy people chasing the next gold rush, hoping whatever they look and throw money at will get the same increase as Bitcoin did and make them rich. And they do so without understanding or caring for crypto for the most part. It will calm down eventually.

After all this time, PoW mining is still the only fair initial coin distribution method and with the race towards cheaper and cheaper renewable electricity, mining will stay for a very long time.

And as much as newbies or miners who want to discourage others tell you that mining is dead or that it's wasting electricity, it's still pretty profitable. Even considering that this year the hashrate of all kinds of algos/coins multiplied. For example, looking at a few non-ASIC coins, Ethereum's difficulty increased almost 200 times (not even including the fork causing the difficulty drop), Zcash's diff increased ~1250 times and Monero's difficulty increased ~10 times compared to this date last year.

Mining will stay.