Bitcoin Forum

Hi,

I once saw a website that has prices listed in mBTC. I am having trouble calculating what it converts to.

Lets say  a product costs 60,000 mBTC does this equal 60 BTC?

so id assume that 1,000 mBTC is 1 BTC,

and 1 mBTC is 0.001 BTC?

I ask cause im not the greatest at math and get confused with the decimal.

Thanks

Yes milliBTC and microBTC

1uBTC=0.000001 BTC (one millionth of a bitcoin)

But why stop there?  There's also a satoshi!

1 satoshi == 0.000 000 01 BTC

 ;)

Math...I hate that shit -__-

But when someone says they earn $30K, you probably aren't needing math.  When someone says they paid thirty-seven cents, you probably aren't doing math.

BTCs versus mBTCs will be the same thing.  You'll know what an mBTC is worth and intuitively will know the value when expressed in terms of mBTCs.  Right now, an mBTC is worth about a penny.

- http://en.bitcoin.it/wiki/Units

Thanks for the clarification.

It's no math. It's a new value with new subvalues. It's logic.

It's just standard SI prefixes applied to Bitcoin:

https://en.wikipedia.org/wiki/Metric_prefix

Lol at bongbitcoin

Hopefully they get their prefixes right and say they earn $30k.

How can one "hate" math  ???

You need it for everything.

that would be 10 nBTC (nano-bitcoins)

m (milli) - divide by 1000 or 10E-3 (move decimal point 3 places)
u (micro) - divide by 1000000 or 10E-6 (move decimal point 6 places)
n (nano) - divide by 1000000000 or 10E-9 (move decimal point 9 places)

 There is new change coming and the lowest denomination wont be usable for transactions anymore.

Won't be long till a Satoshi is worth a huge chunk of change haha.

Thanks for explain :)

Unortunatelly 1 satoshi == 10E-8
1 nBTC cannot exist, 1 satoshi is 10 nBTC

As the value of bitcoin increases, the likelihood of lower and lower denominations (milli, micro, nano) being adopted increases.  I think it was fairly recently that some sites started using milliBTC?  Not sure on that one.  But I personally like the milli tag.  I believe I read somewhere that people prefer to have a "whole" of something over a fraction of something even though logically its the same.

I would say mBTC is the most natural unit right now, as one mBTC is worth about as much as one dollar. There is an interesting analogue in SI, namely the base unit of mass, which is kilogram rather than gram. Also, you should write μBTC, not uBTC.

1uBTC=0.000001 BTC

mBTC=0.001 BTC
uBTC=0.000001 BTC

i just hope that we stick with BTC as the unit.... i hate the idea of tying it to the value of dollars and changing the unit (mBTc, then on and on) each time BTC rises an order of magnitude. and that's the other thing -- if we kept things in terms of BTC, then this sort of confusion wouldnt happen! ;)

0.001BTC is called a mBTC
0.000001BTC is a  uBTC
0.01BTC = bitcent
Generally people use these abbreviations to make more clear than the small number.

lol indeed, school is already way to much thinking, let's not make this more complicated than it already is!
And be honoust, what is the chance, it will rise above like 100K? 0.001%

You even need it to hate math!

headasplode.gif

Useless necro bump.

Was this really necessary?

Can you guys fix this? this is to complicated for newbies, too many 00000000000000  ???

There is nothing to fix here. There aren't too many zero's. Please, start learning and don't be lazy.
1 BTC = 100,000,000 Satoshis, in other words 1 Satoshi = 0.00000001 BTC,
Further examples:
1 BTC = 1,000 mBTC (millibitcoin)
1 BTC = 1,000,000 μBTC (microbitcoin)
1 mBTC = 100,000 Satoshis
1 μBTC (microbitcoin) = 100 Satoshis

It is not that hard if you spend some time learning this and educating yourself. Nobody said that you have to use mBTC or uBTC

First of all, mBTC stand for mili bitcoin and uBTC stands for micro bitcoin. Now crack down the mathematics of bitcoin units.
           
            mBTC = mili bitcoin = 1 thousandth of a bitcoin = 0.001BTC
            uBTC = micro bitcoin = 1 millionth of a bitcoin = 0.000001BTC

We should switch to uBTC and be done with it (forever). Switch our clients, our exchanges, our store plugins, etc, to use uBTC by default

And so we have different units.
For big trade, you can use "BTC"; for smaller trade, you can use "mBTC"; and for faucets, you can use "uBTC" or "satoshi".
If you are using the right unit, you shouldn't have many zeros in the amount.

Where can I find the funny u that people post sometimes for uBTC where the u has a long leg at the begining?

sometimes all these mbtc and micro btc are quite confusing.
It would be better to refer it in satoshi terms.
I would be more clear.
1 btc = 100 million satoshi
0.01 btc = 1 million satoshi
0.001 btc = 1 mbtc = 100k satoshi

The "funny u" is µ which is a Greek alphabet.
As a SI prefix, it stands for 10^-6. You can find the details and copy the character on http://en.wikipedia.org/wiki/Micro- :)

As LaudaM (https://bitcointalk.org/index.php?action=profile;u=101872) & others before have already said there is nothing wrong. BTC adopted SI prefixs to improve usability & understanding across the world. Maybe I only had good Public Schooling but I have had no problem understanding mBTC, μBTC; since when we went to Elementary School here we were told about SI prefixs. Maybe you have been told of SI prefixs when researching for a new HDD buy? Mega-, Giga-, Tera- are also SI prefixs. So, as LaudaM (https://bitcointalk.org/index.php?action=profile;u=101872) already told you don't be lazy & spend some time learning about SI prefixs, mBTC, μBTC and educating yourself.
It's no too hard!  ;)

Just use "number games" and substitute it in the word "math"

saying mbtc and ubtc is confusing, better to use something like 1/1000 btc or 1/1M(1m=1kk or 1000000 if you prefer) btc, therefore 1 mbtc is 1/1000 and one ubtc is 1/1m(millions)

If you are okay with SI prefixes like K (=1000) and M (=1000000), it shouldn't be hard to just learn two more SI prefixes m and μ.

If it gets confusing a good rule of thumb for people who understand Spanish:
Imagine you are reading the numbers in an inverted way, it has the same amount of zeroes)

100 hundred (cien means hundred)
0.01 centi- means hundredth

1000 thousand (mil means thousand)
0.001 milli- means thousandth

1,000,000 million
0.000001 micro- means millionth

yeah but my point was the "1/x", not just 1k and 1m, i could accept a 1/mbtc and 1/ubtc, but you concur that milli isn't as notorious as 1k, same thing for micro(maybe a bit less here)

I just use preev.com but I also get confused, when people post the mBTC and uBTC, so this thread is helping me too.

Why do they not just say 100 000 Satoshi? or use the 0.01 ?

Guess it has it's use, but it's still confusing for new people like myself. 

Bit cent- 0.01
mBTC- 0.001
uBTC- 0.000001

There are tons of sites for these apprevations "wiki's, general bitcoin sites etc..." so it would just take some effort to even BTC units other than these.

Pretty much the same reason we use km rather than m for measuring distance between two locations, and use MB and GB for measuring RAM size or HDD size.

With mBTC and uBTC, we don't need to type so many zeros. For example, we can use 1mBTC for 100000 satoshi, and 20uBTC for 2000 satoshi.

BTW, you have made a mistake in your post as 0.01 btc = 1,000,000 satoshi. :)

Just use satoshi, so much easier. mBTC = 100K satoshi uBTC = 100 satoshi

just use satoshi or 0.00000000 format

Here is your equation
 1 mBTC= 0.001BTC
 1 uBTC = 0.000001BTC

How about in Satoshis?

1 μBTC = 100 satoshi
1 mBTC = 100,000 satoshi
1 BTC = 100,000,000 satoshi

We need a more marketeable way to assign value to BTC. These terms are EXTREMELY NERDY and will never pick up within the common folk. How can you seduce people talking about mBTC and uBTC? dollar sounds much cooler. We need to do Something about this.

Using an international recognied unit of measure is nerdy? So even children in school are nerds cause they says to their friends the mom give them to eat a sandwich with ham of 1 hectogram (0,1kg)? Just go back to school to learn basics of life (International System of Units - SI (http://en.wikipedia.org/wiki/International_System_of_Units)).

Frankly speaking, I still don't quite understand the benefit of creating the new "bit" unit.
Why don't the businesses just use "bitcoin" and "satoshi", which exist already and are both very well-known even to the general public?

There is no need to create confusion by messing with new units.

I do have a proposal to make for 0.0001 BTC (10^-4 BTC = 10^4 Satoshi)

note that this unit is at exact middle in the scale from satoshi to bitcoin. The first idea that I got is to use the very common unit in ancient Greek myriad that means ten thousand. So it is the exact right meaning regardless if we mean it in relative to satoshi or bitcoin. Of course the problem is that as far as i know there is no standard symbol I thought which letter can be used. Clearly not m. So I thought about r. This gave me the idea:

0.0001 Bitcoin = 10000 satoshi = 1 rabit.

:)

you can call it one tx fee.

tx fee was also one of my motivations to name the rabit. On the other hand tx fee may change through time but rabit will remain constant as 0.0001 btc

Do you have any more info about this.
Do you mind telling us a little bit more about it :-)

So uBTC is 100 Satoshi.  Well when price was $800 + i had know what they were, now it seems with the lower price and some of the momentum taken away i didn't remember till I saw this, the numbers.

tx fee not always 0.0001btc. That depend on the weight of your btc send

Yes I agree Satoshi and Bitcoin is the only format you need.

1 Satoshi = 0.00000001 BTC
1 BTC = 100,000,000 Satoshi

uBTC, mBTC and other stuff is really complicated and crappy I mean seriously...

Not only that the transaction fee depends on your transaction size, the standard per KB transaction has been changed multiple times in the past.
In the coming 0.10 bitcoin core, it will use a new system to estimate the fee required to get your transaction confirmed in N blocks.

it is simple math "m" represents mili which is 10^-3 or e-3
ant "u" represents micro which is 10^-6 or e-6
you can find this at http://en.bitcoin.it/wiki/Units too

I think already many people explained and OP not come back. So, how about report to mod for lock this thread

+1. OP was last active on August 14, 2012 at 03:57:52 PM. So, probably he/she opted to re-enroll in Primary School to learn back Math (SI abbreviation in particular); so, while we wait OP to finish educate his/herself, It would be fair to have a Moderator lock this thread for good.

I think you had got much idea about mbtc and ubtc from the above coments. Now check preev.com to convert any amount to mbtc and ubtc. Its awesome.


+1

Wrong, bong coins are 65,536 base-ten coins :)