Am I too late for mining?

I was thinking of buying 4x RX 580 8GB cards and start mining Ethereum. But a friend of mine told me that maybe I'm late for the mining scene and I will not get any profits.

Is that the case now?

How much should I expect to earn with 4x RX 680 8GB cards and electricity cost is $0.03/Kwt here in my country.

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