I know the thought is that the difficulty increases will eventually level off, but how soon and for how long?
I posted the answer to that a year ago:
https://bitcointalk.org/index.php?topic=295270.0Those large scale mining operations pay on the order of 5 cents per kwh.
Note that we are around $700/TH
retail for the hardware already, and that will keep dropping.
No one took those estimates seriously when I posted them. The network was below 1PH back then.