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Title: What are satoshi ? Post by: BigPig89 on January 24, 2016, 01:10:04 PM Why do people talk in satoshi how much is a satoshi worth? What are satoshi is it a unit?
Title: Re: What are satoshi ? Post by: Saruman on January 24, 2016, 01:12:35 PM Satoshi is the smallest division of BTC.
1 satoshi = 0.00000001 BTC Also: 1 mBTC = 0.001 BTC 1 uBTC = 0.000001 BTC Title: Re: What are satoshi ? Post by: BigPig89 on January 24, 2016, 01:17:21 PM Satoshi is the smallest division of BTC. 1 satoshi = 0.00000001 BTC Also: 1 mBTC = 0.001 BTC 1 uBTC = 0.000001 BTC Thanks that makes a lot of sense now Title: Re: What are satoshi ? Post by: Alaki on January 24, 2016, 01:21:26 PM Why do people talk in satoshi B'coz it's a/the unit of bitcoin. how much is a satoshi worth? 1 satoshi = 0.00000001BTC= 0.00001mBTC = 0.01 uBTC What are satoshi is it a unit? Basically, satoshi (http://bitcointalk.org/index.php?action=profile;u=3) was/is the founder of bitcoin & henceforth their name is also the "unit" of bitcoin.P.S. It's like Newton discovered about "Force" & henceforth the S.I. unit of force is "Newton (N)" Title: Re: What are satoshi ? Post by: Davian144 on January 24, 2016, 02:55:02 PM Why do people talk in satoshi how much is a satoshi worth? What are satoshi is it a unit? A part, a piece of bitcoin. we call bitcoin, if just a small amout we call it satoshi. Got it ?Title: Re: What are satoshi ? Post by: baazju on January 24, 2016, 03:57:17 PM The way I think of it is just like I would with a dollar. If 1 Bitcoin is similar to 1 dollar, than a satoshi is like a penny. Except a satoshi is a much much smaller fraction of a Bitcoin than a penny is to a dollar.
So a penny is 0.01 of a dollar. And a satoshi is 0.00000001 of a bitcoin. That is about all there is to it. So if you want to know how much a satoshi is worth in dollars than just use this: Current Price of Bitcoin in Dollars * 0.00000001 = Value of a Satoshi In Dollars Pretty simple stuff. Title: Re: What are satoshi ? Post by: subcypher on January 24, 2016, 06:58:39 PM You can find a neat list of Bitcoin denominations (https://en.bitcoin.it/wiki/Units) on BitcoinWiki.
Title: Re: What are satoshi ? Post by: xinzark on January 26, 2016, 01:42:43 AM Satoshi is the smallest unit of Bitcoin. 100 Million satoshi equals to 1 Bitcoin
And according to current bitcoin rate 1 satoshi Worth's 0.000003934 USD :P Title: Re: What are satoshi ? Post by: relq on January 26, 2016, 03:34:06 AM Why do people talk in satoshi how much is a satoshi worth? What are satoshi is it a unit? Yes satoshi is a unit, the lowest amount of 1 bitcoin. satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. 1 satoshi = 0.00000001 BTC Title: Re: What are satoshi ? Post by: romero121 on January 26, 2016, 04:00:18 AM Why do people talk in satoshi how much is a satoshi worth? What are satoshi is it a unit? Yes satoshi is a unit, the lowest amount of 1 bitcoin. satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. 1 satoshi = 0.00000001 BTC As said its the lowest unit in bitcoin generating a value that is equal to 0.000003934 USD, but a important info behind this is name is the person Satoshi. Title: Re: What are satoshi ? Post by: HarHarHar9965 on January 26, 2016, 08:10:52 PM Why do people talk in satoshi how much is a satoshi worth? What are satoshi is it a unit? satoshi is least value among the bitcoin range. easily you can through faucets itself if you need satoshis. Title: Re: What are satoshi ? Post by: elite3000 on January 26, 2016, 08:54:05 PM Satoshi is the person or entity that idealized Bitcoin.
It is also the smallest Bitcoin subdivision right now, equivalent to 0.0000001 BTC, or almost nothing right now |