No worries, I've always been more interested by the technical aspect more than the creative aspect of filmmaking, hence my interest in programming. It's a personal project, I've been making films since the age of 11, although I haven't been able to do much since I started my Bachelor degree...
I encode H.264/AAC for compatibility, usually 2-pass at 8Mbit/s for FHD content or around 30Mbit/s for UHD, 256-320 kbps for AAC. This gives a size of 1-4 GB per video. My Dad worked in broadcast, gave me those figures 10 years ago, I generally stick by them for any work I'm proud of!
You are right, that bitrate absolutely isn't necessary :D , and there are better codecs too. I don't have more than 17 films at the moment, the whole backend costs me about 4 euros a month on Hetzner with an attached 32 GB of block storage, no bandwidth costs (300Mbit/s max), single-core running Node.js and Nginx.
I make films during travel and events, and share them with friends and family who were there and for who it has some intrinsic value. They're mostly personal, not just for consumption. Short compilations that I would like to keep for the future, like old photos. Hence why people watch (and hopefully rewatch!) them on a TV and don't mind the wait.
Buffer-less streaming is absolutely not a priority (although nowadays I think it's more expected, people have shorter attention spans, despite the hours of work that goes into a short travel film). It's a very niche case, but would have cost me at least $50 in bandwidth alone with the big three. It's not going to break the bank, but it's also unnecessary.
You don't usually notice the drop in quality on YouTube or Netflix, until you actually try working with high quality source footage (high-bitrate from a dedicated camera, not phone footage). Then it's very noticeable (purple/green flickering on even surfaces from chroma subsampling, I'm guessing), and makes you sad when you realise what everyone is missing!
If you're still curious, my website is still live. I beg you not to judge, I started making short films very young and never got very good at them either (I'm studying nanotech & engineering, no film career for me)!
https://mastermovies.uk/glacier