Mining became too expensive due to high electricty costs and greedy asics traders. These equipments are very expensive and after some time they are already worthless to mine bitcoins, as there will be a new asic model on the market as soon as possible.
I believe someday mining will worth again, as we are reaching closer to renewable sources of energy, this way it's one less cost to operate a mining business. However the initial investment has to be huge anyway, and the asics will continue expensive and indispensable.
Its true, i think even if too much expensive when you mine you will also earn profit. But now you focus first for the price and wait the best time to mine. Because of its price is just recovering yet, So in the next years maybe it can recover and many people will mine bitcoin again.