Quote from: serantepe on October 04, 2019, 08:01:26 AM

Quote from: flyingplows on October 03, 2019, 01:14:43 PM

Quote from: serantepe on October 03, 2019, 11:59:15 AM

Quote from: ECOS_CloudMining on October 03, 2019, 10:19:51 AM

The reliability of cryptocurrencies

Experts predict that cryptocurrency will rise in price from $8400 till $60000 or even $250,000. But what we know about the reliability of coins?

In september hash rate of the Bitcoin Network has updated the historical maximum. We know that hash rate shows the processing power of equipment. The higher its level, the more secure the net is. Analysts expect that hash rate rises. So, the Bitcoin Network will become more reliable and inaccessible for hackers.

What do you think is the reason for increasing the Bitcoin Hash rate? Is it possible that buyers in such a difficult market are growing in interest in bitcoin?

It's hardly that "buyers" are growing in interest. This sounds like traders are growing in interest, which actually don't care much about hashrate, nor even the price as long as it swings. I would think general public is growing in interest in bitcoin and therefore more and more are coming into crypto scene one way or another. Some buy, some mine, some are lured into cloudmining, some try other stuff.

From your words, I understand that in essence the hash rate has grown without any reason. It is very strange.

Hash rate without a reason would not have grown of course. But I would not relate the price and the hash rate directly. The price is influenced by many other factors.