Sunk Cost
From CryptoWiki
Revision as of 02:12, 3 November 2019 by wiki_crypto>Zeb.dyor (Created page with ""''[https://coinspice.io/news/litecoin-hashrate-falls-more-than-50-since-peak-dark-asics-make-it-vulnerable-to-attack/ Sunk cost] is the large amount of money they prepaid to ...")
"Sunk cost is the large amount of money they prepaid to buy ASICs. That money is recovered by mining the coin over the coming months /years, as the rig cannot be used for anything else; so doing things that affect such recovery (lowering coin price by attacking transactions on the chain is one of them) is unlikely to be considered."
