So far in this year mining is still profitable to me at least with my own strategy. For other people may be not profitable anymore as there's more people selling their gears everyday to call it a day in mining.

Mostly I think those are newbies that just turned into mining purely just because what other people said about mining when all cryptos were mooning. They don't anticipate about price correction whatsoever.

With the right strategy mining will still profitable for the long time ahead.