Mining at a loss can be a great option if you have the ability to pay your electricity bills without cashing out. A lot of people mined bitcoin when it was unprofitable and they came out millionaires. Plus right now is a great time to pick up miners extremely cheap.
Guess what, if they had spent that electricity money on directly buying the coins instead they would have made EVEN MORE profit. Mining at a loss is essentially the same thing as buying crypto at above market price. Not to mention the price of hardware.