Bitcoin transaction cost calculation, let’s check it. Sending 0.1 Bitcoin (~$1,700) cost me $0.8. Is it a promotion for transactions, or is the blockchain going down in price? I’m building my own Lightning Network node and have sent 0.1 BTC to it. The cost of this transaction was $0.07. It is said that blockchain is expensive, but ~32 cents does not seem like a huge amount. So why did I pay so little? How does the transaction cost calculation work?
I design and build enterprise IT solutions based on blockchain technology.
I am blockchain architect in Trans.eu building ECMR (digital CMR Consignment Note) based on blockchain. I teachabout Bitcoin, blockchain and decentralization via Linkedin and blog: https://mobycrypt.com.