I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer.
Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip.
Maybe you should take a look at coins which are not yet listed on whattomine
May be. But it is not mining. It is speculating. Also better to buy bunch of those shitcoins and wait until one of them shooted.
Mining otherwise - when ya set your farm and it's mining without interaption.