There is still money to be made in mining, not only in Bitcoin mining, there's AltCoins too if you want to test your luck.
New miners need to realize that they have to make their hardware profit other ways than just mining.
They also have to realize that they will have to have a regular income.
Don't get into mining then sell all you coin to pay bills; that's the problem with the industry forcing a constant selling pressure.
Miners who leave the game are players who give up on pretty much any game they can't easily win at or whine themselves to victory. #MMOG's
It's no longer an easy game for most since the price and rewards are so low, it's a smart player's game.
Those who do good have free power, very close to or pay the power out of their own pocket and save the coin for future interest.
I got in mining a few months before Mt. Gox crashed and still mine profitably but I have a mining plan.
I also come from Gold mining so my experience on the field serves me well virtually.
For most new miners, I don't recommend it because they have zero relatable experience then complain when price tanks or hardware fails.
Experienced miners can adapt easily because they know what can happen and made provisions for such disasters.
(Look at the person's who's entire mine went up in smoke, he'll keep mining)
Smart miners see it coming and adapt before it does; you have to be at the helm daily and be don't waste time.
If you want to mine for fun then that's the way to look at it... if you're looking for profit, anything above $0.05 power is not really profitable with today's price; well, not by my standards.
I started with $2,500 about 2 years ago and my mine now makes BTC
0.5 per week, growing monthly...
Pretty good ROI, all my hardware re-investment now pays for itself.
However, I don't just sit on my ass either, I work hard and constantly look for new opportunities; that's what mining is
The best recommendation I can give you is learn about Gold mining, look at the first season of Gold Rush: Alaska - You can expect similar problems.
It's that Gold Miner life experiences that serves me best in Bitcoin mining.
As long as you realize how much of an asset a Bitcoin miner is, an asset YOU control, you'll do fine...
After all, not many devices you can buy that you can plug in the wall and it starts making money for you