Mining is not dead ... just mine other asic-ressistant coins like

Vertcoin / execoin -> Scrypt-N based
Protoshares -> momentum-pow based

.. but better the ones with cooler algorithms :

Darkcoin / Hirocoin -> X11 based
Heavycoin ->  LEFTY1 based
Groestlcoin -> groestl based ... which is AMD and NVIDIA-friendly algo too.