Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this
Venezuelans think bitcoin is in a bull market.

Actually, for Venezuelans, bitcoin really is still in bull market. Their currency has declined faster than bitcoin if last 6 months of "bearish" trend of bitcoin are considered.
See this:
*looks pretty bullish, this is BTC to VEF*