These calculations are a bit off IMO. They factor the total amount of mining and divide it by the number of transactions.
However, the amount of mining is not dependent on the amount of transactions.
I’m not a fan of bitcoin due to the wasteful proof of work mechanism but ‘blaming’ the transactions is not really fair IMO, especially because people don’t really use bitcoin as a payment method anymore. It’s just used by speculators now.
These calculations are a bit off IMO. They factor the total amount of mining and divide it by the number of transactions.
However, the amount of mining is not dependent on the amount of transactions.
I’m not a fan of bitcoin due to the wasteful proof of work mechanism but ‘blaming’ the transactions is not really fair IMO, especially because people don’t really use bitcoin as a payment method anymore. It’s just used by speculators now.