If “every bitcoin Transaction consumes $100 of energy” how can the transaction fee be lower like $1-20..?

This page summarizes the projects mentioned and recommended in the original post on /r/BitcoinBeginners
Bitcoin Mempool mempool-visualizer block-explorer transaction-tracking

SurveyJS
Our great sponsors
  • SurveyJS - Open-Source JSON Form Builder to Create Dynamic Forms Right in Your App
  • InfluxDB - Power Real-Time Data Analytics at Scale
  • WorkOS - The modern identity platform for B2B SaaS
Our great sponsors

  • mempool

    Explore the full Bitcoin ecosystem with mempool.space, or self-host your own instance with one-click installation on popular Raspberry Pi fullnode distros including Umbrel, Raspiblitz, Start9, and more!

    • If you go to a site like https://mempool.space/ you can see the most recent blocks and the number of transactions in them along with fee information for them. A recent block (https://mempool.space/block/00000000000000000000bfdd23cae4998115eea35531e78cead7c95b89befe05) had 3,387 transactions and the total fees paid were 0.22 BTC (~$13,000) but if you include the block reward the block was worth 6.47 BTC (~$372,000). If you divide the total reward by the number of transactions you get quite a large number.

  • SurveyJS

    Open-Source JSON Form Builder to Create Dynamic Forms Right in Your App. With SurveyJS form UI libraries, you can build and style forms in a fully-integrated drag & drop form builder, render them in your JS app, and store form submission data in any backend, inc. PHP, ASP.NET Core, and Node.js.

    SurveyJS logo
NOTE: The number of mentions on this list indicates mentions on common posts plus user suggested alternatives. Hence, a higher number means a more popular project.

Suggest a related project

Related posts