I don't see any relationship between what is happening and mining. Mining is an independent activity to me that is not related to forces of demand and supply. I have not seen that because transactions are not confirmed that is why price have fallen neither have I read that because more than enough bitcoins are being mined is what caused glut in the market when we all know that the difficulty in mining bitcoin increase by the day. So, let focus on turning things around rather than looking for who to blame.