Bitcoin Forum
December 12, 2017, 12:56:59 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: New to Bitcoin - Having some issues  (Read 1071 times)
snarfsnarf
Newbie
*
Offline Offline

Activity: 2


View Profile
October 15, 2015, 02:09:29 AM
 #1

Hello! I am not sure if this is the right place for this but i will give it a shot anyways. I use Electrum as my wallet and today i made a purchase from a bitcoin atm machine locally and then transfered the coins into my electrum wallet. The problem that i am having now is for some reason my wallet is showing that i have an insane balance and i have no idea where my bitcoins that i purchased with cash through the atm went and its saying that i have a balance of 597.34327 mbtc which i have no idea where it came from. I still have the receipt from the purchase from the ATM and am just trying to figure out what happened to the 0.60210145 that i purchased. Thank you and if that makes no sense please feel free to ask me anything to clarify the issue. 
1513083419
Hero Member
*
Offline Offline

Posts: 1513083419

View Profile Personal Message (Offline)

Ignore
1513083419
Reply with quote  #2

1513083419
Report to moderator
1513083419
Hero Member
*
Offline Offline

Posts: 1513083419

View Profile Personal Message (Offline)

Ignore
1513083419
Reply with quote  #2

1513083419
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513083419
Hero Member
*
Offline Offline

Posts: 1513083419

View Profile Personal Message (Offline)

Ignore
1513083419
Reply with quote  #2

1513083419
Report to moderator
notlist3d
Legendary
*
Offline Offline

Activity: 1414



View Profile
October 15, 2015, 02:24:13 AM
 #2

Hello! I am not sure if this is the right place for this but i will give it a shot anyways. I use Electrum as my wallet and today i made a purchase from a bitcoin atm machine locally and then transfered the coins into my electrum wallet. The problem that i am having now is for some reason my wallet is showing that i have an insane balance and i have no idea where my bitcoins that i purchased with cash through the atm went and its saying that i have a balance of 597.34327 mbtc which i have no idea where it came from. I still have the receipt from the purchase from the ATM and am just trying to figure out what happened to the 0.60210145 that i purchased. Thank you and if that makes no sense please feel free to ask me anything to clarify the issue. 

I'm assuming there must have been fees and it's own just a little.  But convert it from mbtc to btc - http://youmeandbtc.com/bitcoin-converter/convert-btc-mbtc-bits-satoshis-usd/

It is right around what you are thinking.  Was the .60... after or before ATM fees?   
gentlemand
Legendary
*
Online Online

Activity: 1484


Hello You


View Profile
October 15, 2015, 02:26:04 AM
 #3

Sounds like you've got your decimals mixed up. mBtc is a smaller unit. Did you buy 0.602 BTC? That's 602 mBtc. Your wallet is displaying in mBTC.

snarfsnarf
Newbie
*
Offline Offline

Activity: 2


View Profile
October 15, 2015, 02:34:14 AM
 #4

Wow....yeah that makes sense now, and boy do i feel dumb haha, i figured it out, but thanks for the help!
CrimBit
Hero Member
*****
Offline Offline

Activity: 574


View Profile
October 15, 2015, 02:36:44 AM
 #5

i think you forget about "fee" transfer or "fee" buy Smiley
notlist3d
Legendary
*
Offline Offline

Activity: 1414



View Profile
October 15, 2015, 04:53:50 AM
 #6

Wow....yeah that makes sense now, and boy do i feel dumb haha, i figured it out, but thanks for the help!

Not a problem!  Glad you did not loose  any money from ATM purchase.

With being new I will teach you one more thing Smiley.  Go to bottom left of thread and click on close.  That will lock the thread where we don't see answers for the next few day's pop it up.
Revelation Machine
Hero Member
*****
Offline Offline

Activity: 518


View Profile
October 15, 2015, 10:53:15 AM
 #7

You can change electrum to display the balance in BTC.
Tools -> Preference -> Base unit : Change it to BTC
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
October 15, 2015, 03:09:53 PM
 #8

Wow....yeah that makes sense now, and boy do i feel dumb haha, i figured it out, but thanks for the help!

switch to bits

1 Bitcoin = 1 Mio bits

in your case: 602.000 bits

CryptoTrout
Hero Member
*****
Offline Offline

Activity: 708


https://twitter.com/CryptoTrout


View Profile WWW
October 15, 2015, 08:22:48 PM
 #9

The difference is probably the ATM fee, a bitcoin transaction fee should not be that high.

Congrats on getting started with bitcoin and choosing electrum rather than an online wallet.  Stay secure!

foxkyu
Hero Member
*****
Offline Offline

Activity: 910


View Profile
October 16, 2015, 06:26:03 PM
 #10

Hello! I am not sure if this is the right place for this but i will give it a shot anyways. I use Electrum as my wallet and today i made a purchase from a bitcoin atm machine locally and then transfered the coins into my electrum wallet. The problem that i am having now is for some reason my wallet is showing that i have an insane balance and i have no idea where my bitcoins that i purchased with cash through the atm went and its saying that i have a balance of 597.34327 mbtc which i have no idea where it came from. I still have the receipt from the purchase from the ATM and am just trying to figure out what happened to the 0.60210145 that i purchased. Thank you and if that makes no sense please feel free to ask me anything to clarify the issue. 
Looks like it was normal. Just remember this in advance.

1 BTC = 100 000 000 Satoshi
1 BTC = 1000 mBTC (millibitcoin)
1 mBTC = 100,000 Satoshi
1 μBTC (microbitcoin) = 100 Satoshi
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
October 17, 2015, 10:37:48 AM
 #11

Hello! I am not sure if this is the right place for this but i will give it a shot anyways. I use Electrum as my wallet and today i made a purchase from a bitcoin atm machine locally and then transfered the coins into my electrum wallet. The problem that i am having now is for some reason my wallet is showing that i have an insane balance and i have no idea where my bitcoins that i purchased with cash through the atm went and its saying that i have a balance of 597.34327 mbtc which i have no idea where it came from. I still have the receipt from the purchase from the ATM and am just trying to figure out what happened to the 0.60210145 that i purchased. Thank you and if that makes no sense please feel free to ask me anything to clarify the issue.  
Looks like it was normal. Just remember this in advance.

1 BTC = 100 000 000 Satoshi
1 BTC = 1000 mBTC (millibitcoin)
1 mBTC = 100,000 Satoshi
1 μBTC (microbitcoin) = 100 Satoshi


i know this but no one will ever use mBTC, μBTC  etc.

bits is pretty perfect in my view.

Astargath
Hero Member
*****
Offline Offline

Activity: 574


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 17, 2015, 11:41:36 AM
 #12

Hello! I am not sure if this is the right place for this but i will give it a shot anyways. I use Electrum as my wallet and today i made a purchase from a bitcoin atm machine locally and then transfered the coins into my electrum wallet. The problem that i am having now is for some reason my wallet is showing that i have an insane balance and i have no idea where my bitcoins that i purchased with cash through the atm went and its saying that i have a balance of 597.34327 mbtc which i have no idea where it came from. I still have the receipt from the purchase from the ATM and am just trying to figure out what happened to the 0.60210145 that i purchased. Thank you and if that makes no sense please feel free to ask me anything to clarify the issue.  
Looks like it was normal. Just remember this in advance.

1 BTC = 100 000 000 Satoshi
1 BTC = 1000 mBTC (millibitcoin)
1 mBTC = 100,000 Satoshi
1 μBTC (microbitcoin) = 100 Satoshi


i know this but no one will ever use mBTC, μBTC  etc.

bits is pretty perfect in my view.


But most people actually do use mBTC.



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Aggressor66
Hero Member
*****
Offline Offline

Activity: 728



View Profile
October 17, 2015, 11:51:17 AM
 #13

Wow....yeah that makes sense now, and boy do i feel dumb haha, i figured it out, but thanks for the help!

Don’t know how to convert uBTC to mBTC or mBTC to BTC and vice versa, this simple calculator might help  Wink

http://satoshi.24ex.com/
foxkyu
Hero Member
*****
Offline Offline

Activity: 910


View Profile
October 17, 2015, 12:44:41 PM
 #14

Looks like it was normal. Just remember this in advance.

1 BTC = 100 000 000 Satoshi
1 BTC = 1000 mBTC (millibitcoin)
1 mBTC = 100,000 Satoshi
1 μBTC (microbitcoin) = 100 Satoshi


i know this but no one will ever use mBTC, μBTC  etc.

bits is pretty perfect in my view.

Not really. There is  still many people use mBTC, μBTC, etc. Especially in faucet type.

But in my perception i'm still familiar with mBTC, μBTC , rather than bits.
confirmation120
Full Member
***
Offline Offline

Activity: 224



View Profile
October 17, 2015, 01:13:06 PM
 #15

Looks like it was normal. Just remember this in advance.

1 BTC = 100 000 000 Satoshi
1 BTC = 1000 mBTC (millibitcoin)
1 mBTC = 100,000 Satoshi
1 μBTC (microbitcoin) = 100 Satoshi


i know this but no one will ever use mBTC, μBTC  etc.

bits is pretty perfect in my view.

Not really. There is  still many people use mBTC, μBTC, etc. Especially in faucet type.

But in my perception i'm still familiar with mBTC, μBTC , rather than bits.


I always use mbtc makes it simple for me.
Kevin77
Legendary
*
Offline Offline

Activity: 1120


Crypto-News.net: News from Crypto World


View Profile
October 17, 2015, 04:01:36 PM
 #16

Now a days people started using a new notation bits. 1 bits =100 satoshi.
Xapo users must be familiar with bits notation usage. Electrum has options to set your prices along with bits options.



              ▄▄▄██████▄▄▄
          ▄██████████████████▄
       ▄████████████████████████▄
 ▄▄  ▄████████████████████████████▄
███████████████████████████████████▄
 ▀▀█████████████████████████████████▄
   ██████████████████████████████████
   ██████████████████████████████████
   ██████████████████████████████████
   ██████████████████████████████████
   ▀████████████████████████████████▀
    ▀██████████████████████████████▀
     ▀▀██████████████████████████▀
        ▀██████████████████████▀
           ▀▀▀████████████▀▀▀
.
.....
.....
.....
.....
.....
.....





RealBitcoin
Hero Member
*****
Offline Offline

Activity: 854


JAYCE DESIGNS - http://bit.ly/1tmgIwK


View Profile
October 20, 2015, 05:54:06 AM
 #17

Hello! I am not sure if this is the right place for this but i will give it a shot anyways. I use Electrum as my wallet and today i made a purchase from a bitcoin atm machine locally and then transfered the coins into my electrum wallet. The problem that i am having now is for some reason my wallet is showing that i have an insane balance and i have no idea where my bitcoins that i purchased with cash through the atm went and its saying that i have a balance of 597.34327 mbtc which i have no idea where it came from. I still have the receipt from the purchase from the ATM and am just trying to figure out what happened to the 0.60210145 that i purchased. Thank you and if that makes no sense please feel free to ask me anything to clarify the issue. 

Yes it is a pretty misleading but yes we have a unit system for bitcoin:

1 BITCOIN =1 BITCOIN

1 mBTC = 0.001 BTC  (2 zeros)

1 μBTC =  0.000001 BTC  (5 zeros)

1 satoshi = 0.00000001 BTC (7 zeros)

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!