I'm a late adopter. I just got in BTC about the same time of the cyprus crisis when the BTC went parabolic up to the roof.
I jump in maybe mid April. I bought 2 7970.
Today, just a few months from when I started mining, I have a handful of 10 ports hubs filleds with BEs.
This is just unbelievable how fast things change.
Beside my GF that do not like to see electronics coming in the basement, I'm having a blast with BTC mining even if I'm not sure that I'll fully repay all the equipement with what I'm doing while mining.
There might be an option for you and yes allot of people are GPU/CPU mining out there but not necessarily for bitcoin. You could try mining for "scrypt" based coins and there are allot to choose from. Some people have even set up pools that mine the most profitable coin at the moment so it is possible.
Check out this post
https://bitcointalk.org/index.php?topic=259649.1020It mines altcoins and pays in converted bitcoin...