Fly Cheap and Easy with Bitcoin
This month I bought my first flight with Bitcoin, using ABitSky. Purchasing the flight was quick and easy, and the price was good. Founded in 2002 and based in Vilnius, Lithuania, ABitSky sells all its flights in Bitcoin since August 2014. "Looking for cheap flights? Well, we want to help you! Cheap flights search engine has hundreds of thousands of options. We will find cheap tickets to anywhere in the world and help you purchase them conveniently. We wish you a pleasant flight!" - aBitSky.com team. ABitSky is not the only cheap flight search engine and booking service that operates in....
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Bitcoin is already a success story like no other. Will the Lightning Network ’s cheap transactions take the party to the next level? As our exploration of this new technology proceeds, we turn our heads to the ideas of Peter St Onge. Through his newsletter CryptoEconomy, he tells us about the Porcfest in New Hampshire. There, attendees transacted using the Lightning Network all through the festivities. Related Reading | How Big Is Bitcoin’s Lightning Network? The Answer Will Surprise You “It was on-the-ground confirmation of what the statistics are already saying: the Lightning....
Russia’s cold climate and cheap energy lead thousands of households to mine bitcoin.
The very low power rates in Venezuela have created a powerful incentive to mine Bitcoin for a lucky few that have the capital (and dare) to purchase miners and infrastructure in the country. The rise of digital currencies has created a new industry that uses cheap energy and turns it into precious Bitcoin. In other regional news, Axie Infinity, a play-to-earn game, has created opportunities for the less fortunate ones. The country is going digital because of the possibilities these new tools offer.
Cheap Power Creates Mining Opportunities in Venezuela
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Ever wonder what one of the world's richest men thinks about bitcoin? Well, you've already heard from business magnate Warren Buffett of Berkshire Hathaway (hint: if you haven't, he's previously said it's not a currency and telling investors to stay away). Bill Gates, with a net worth over $80 billion USD according to Forbes, has spoken up again on the topic of digital currency. And while he didn't get into terrible amount of detail on his opinion, he says that bitcoin is "exciting" because of the fact that it can show how cheap sending money can be. Here's what he told Bloomberg's Erik....
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity.
Power Utility Takes Crypto Miners to Court
Irkutskenergosbyt, the local power distributer in Irkutsk Oblast, has filed 137 lawsuits against customers using subsidized electricity to mint digital currencies in mining facilities set up in basements and garages. Taking the cases to....