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 reddit.com/r/BitcoinBeginners

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  • GitHub repo mempool

    An open-source explorer developed for the Bitcoin community, focusing on the emerging transaction fee market to help our transition into a multi-layer ecosystem.

    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.

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.

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