Of course, using an Indian hosting package for a US-based website targeting a US-based audience may not be the smartest thing to do, because Google does look at where a website is hosted when ranking a site.
It is very possible that Hioxindia has servers in the US. Their own website is actually hosted in the US. Lots of Indian hosts rely on US based servers (they’re more cost effective and the quality might be better as well I suppose).
1dollar domain is the most cheapest, I guess. They are selling domain names for $0.99 only. But this offer is only for first year from second year you have to pay may be $15 per year.
As you want to buy domains for fun. So I thinks buying domains from 1dollar domain will be cost effective to you.
All nice and well but IMHO the biggest advantage or disadvantage of a registrar is the ease of renewing a domain and the ways they send notice that a domain expires.
I have more than 150 domains and at such a volume it’s very easy to lose a domain or two due to lack of notifications. Rankvision.com’s domain protector might be a solution to this problem if you have to use cheap registrars but don’t want to lose the domains because the registrars didn’t notify you that your domain is expiring…