Miners are the reason bitcoin are getting into the chain at the first place, how;s that killing, isn't that the opposite?
The problem supposedly is that currently there are
too many miners operating in marginally profitable conditions and allegedly dumping coins on the market.
Well the mining ecosystem was designed to be a closed-loop feedback system with an inherent lag. Anyone who has studied control engineering will understand what is happening now. Eventually some miners will bail out and close shop and there may be less dumping of coins. I say may, because I don't really believe it is the miners doing the dumping. I am a small miner myself, with just under 50 TH/s and I have not sold a single coin since November.
I think we will start seeing consolidation of mining from the data centers that can afford to operate under these conditions. As smaller miners and farms throw in the towel and sell their equipment I see big data centers taking over even more of the network without formal acquisitions. Smaller mining operations just can't function at a loss for so long. just my .02.