Yes it might be profitable at $0.10/kwh but to what extent?

When 80% of all your profit is going to electricity is it really worth mining?

I did the calculation and most have the RX 470/570 which uses like 130 Watts so at $0.10/kwh you make about $0.12/day.

However after fees, bank fees, errors, GPU downtime, etc you probably end up making a nickel per GPU. Is it really worth mining for that much?