Fud theory:
Mining becomes almost unprofitable. Nobody is investing in mining equipment but there is still a small gain to be made.
Somebody with deep enough pockets continues to buy equipment (although at a loss) just to drive and then keep the entire mining unprofitable for most miners at a certain loss even for themselves.
Eventually more miners quit and the mysterious organisation comes close to 51%.
I don't think large scale mining farms can operate effectively, since there are lots of miners with free electricity included in rent. That is easy to achieve by millions of individuals but not possible for an organization
That's why we have farmers who take their water by hand from the wells and use digging sticks and no farms with irrigation and harvesting machines.
Also i would love to see how many days you'll mange to stay in a rented house after the owner gets hit with a 1000$ bill.
With first gen ASICs, you would need 200 GH/s to use $1000 in electricity in a month. That much hardware is not exactly within most hobbyist budgets.
With BFL Monarchs, you would need about 25.7 TH/s or roughly 42.8 cards to use $1000 in electricity in a month.
And a 4800 piece of "hashing" is within most rent a home hobbyist budget?
My theory was as simple as it gets , it will cost less and less money to make an actual attack for the 51%
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Don't forget that my FUD theory doesn't mean hey we buy 10 millions of equipment and get the necessary hashrate from the first second they plug in.
They just have to buy equipment as other miners do (even receive profit in the first stages ) and invest invest until this is going to make a loss for every miner (including them) and at that point when people quit >1 hour > 10 blocks and bitcoin is doomed. (which I hope not)
Also...
Ebay buys online payment firm Braintree for about $800m to strengthen its PayPal division's presence on mobile devices
How much will they pay to "weaken" the other payment methods??
you'll be able to mine in January
