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Showing 4 of 4 results by huanyu0818
Bitcoin mining requires a lot of energy. So anyone who wants to set up a mining farm will try to set it up in a place where electricity price is relatively cheap and mining equipment is available at low prices. That's why most the miners prefer places like China, Cyprus where electricity prices are relatively low.
This is the correct answer.
As we can see in the chart below, the electricity cost per Kwh in USA is about 50% higher than China.
https://www.ovoenergy.com/binaries/content/gallery/ovowebsitessuite/images/guides/how_much_does_electricity_cost__large-copy-8.png
https://www.ovoenergy.com/guides/energy-guides/average-electricity-prices-kwh.html
I don't know why we don't have many miners in India, where it is also cheap. But I think China has one additional advantage: They have some of the biggest hydro plants in the world. Energy is probably much cheaper near those hydro plants.
There are many people who don’t know how to mine online
Re: Nearly 20% of Privatefly's January sales were paid in cryptocurrency
You might want to add a source. 
https://simpleflying.com/bitcoin-private-jet-payment/
Never really heard of this airline company, but if you think about it, cryptocurrency payments makes total sense for plane tickets. Going back from a foreign country? Instead of converting more of your local currency to the currency of that foreign country and pay enormous fees/cuts, use BTC instead!
I personally think this is nothing. If you hold BTC, then it is a simple question to use it to pay https://simpleflying.com/bitcoin-private-jet-payment/Never really heard of this airline company, but if you think about it, cryptocurrency payments makes total sense for plane tickets. Going back from a foreign country? Instead of converting more of your local currency to the currency of that foreign country and pay enormous fees/cuts, use BTC instead!
Nearly 20% of Privatefly's January sales were paid in cryptocurrency
According to Bitcoin News, the targeted airline Privatefly revealed this week that nearly 20% of the company's sales last month were paid in cryptocurrency, 13% of which used Bitcoin. Privatefly started accepting Bitcoin in early 2014. Since then, it has also supported payments in BCH, ETH and four U.S. dollar-pegged stablecoins: GUSD, USDC, PAX and BUSD
Bitcoin's journey towards the mainstream. Its only the beginning.？
Bitcoin, the world’s first and most famous cryptocurrency, has shot to record highs as it gains legitimacy as an asset. Much of those gains have been fuelled by interest from big U.S. institutions. Here are some steps from big companies, large investors, banks and payment processors that have shifted bitcoin closer to the mainstream in recent months:What is your opinion on this?