Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.
My friends mining bitcoin and he still have profits if bitcoin price at $8600 but its small profits. Electricity cost very dominant in mining and he should buying some power back up because electricity in our country not stable too. Its expensive at start but when bitcoin price above $10k, its very proftable he said