I don't think it's dying yet, with Bitmain and Ver heavily invested into it. The current drop has 2 good causes: the overall drop of altcoins before the BTC fork as people want to cash in on more free money (As with BCH) but ALSO, BCH has been recently credited on 3 big exchanges and there are a lot of "free money" people who are cashing in from the previous fork.

Unless China outright bans mining, I don't think it will die, but lets wait and see.