My senior colleague and I put resources together so as to start veil mining but from our calculation it won't be much profitable for now but at the long run we are going to be happy we take the risk now.
But if you are using some GPUs and it may profitable. How profitable or nor depends on your mining rig, the difficulty and your electricity cost.
A lot of factors still need to be determined before try to mine it and i was doing POS staking and mine veil and get some pennies.
that's not a big mistake to bet on the a potential coins in the future consider this one created by the team that runs the PIVX foundation. Just curious about what kind of GPu that has been used by you?