This threat is based on the scenario in which a mining facility operator might be desperate by having invested hundreds of thousands of USD, maybe even millions and not knowing how to cover the costs.
It would be good for that operator to at least cover the costs of building that facility.
Assuming that the mining would have been done by selling a part of the Bitcoins and keeping some for speculation that could be achieved by selling those kept Bitcoins.
That might be an explanation for this downward spiral we see at Bitcoin’s price for some time now.
Dropping prices cause more Bitcoins to be sold until there are no left in the pockets of that operator.
Now begins the real threat - not for the operator and not in terms of selling pressure at the markets.
That operator now has an incentive to use the hardware for attacking the network trying to cover his loss.
If it’s just a small mining data centre with only a few PH/s, that wlll hardly be successful.
If it’s a big one it will be dangerous.
This is the ugly face of the combination of centralization and the need for expensive specialized mining hardware. The little guy can’t do anything to leverage the effects of big mining data centres going wild.
That is a nice elaborated scenario
That operator now has an incentive to use the hardware for attacking the network trying to cover his loss.
I did not understand that part, clearly.
