Yes, you're too late.  Too many people came in at once, went balls deep in debt and threw mega hash farms online.  This happened at the precise time every other mouth breather figured out how to make their "own" coin, and severely diluted the markets. Add to that the numerous multipools that have sprung up and the perfect storm has occurred.

Many coins have to die, and many miners as well (figuratively)  for us to even think about the "Golden Days" of even a few months ago. Dark days are here and I'm moving directly to mining bitcoin with asic's.

Bring the pain.  I'll be waiting for better days.