Bitcoin Forum
May 08, 2024, 08:50:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What are satoshi ?  (Read 878 times)
BigPig89 (OP)
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
January 24, 2016, 01:10:04 PM
 #1

Why do people talk in satoshi how much is a satoshi worth? What are satoshi is it a unit?
No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715201400
Hero Member
*
Offline Offline

Posts: 1715201400

View Profile Personal Message (Offline)

Ignore
1715201400
Reply with quote  #2

1715201400
Report to moderator
1715201400
Hero Member
*
Offline Offline

Posts: 1715201400

View Profile Personal Message (Offline)

Ignore
1715201400
Reply with quote  #2

1715201400
Report to moderator
Saruman
Full Member
***
Offline Offline

Activity: 225
Merit: 103


Wizard


View Profile
January 24, 2016, 01:12:35 PM
 #2

Satoshi is the smallest division of BTC.

1 satoshi = 0.00000001 BTC

Also:
1 mBTC = 0.001 BTC
1 uBTC = 0.000001 BTC

BigPig89 (OP)
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
January 24, 2016, 01:17:21 PM
 #3

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
Alaki
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile
January 24, 2016, 01:21:26 PM
Last edit: January 26, 2016, 02:20:43 AM by Alaki
 #4

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 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)"
Davian144
Hero Member
*****
Offline Offline

Activity: 2520
Merit: 578


View Profile
January 24, 2016, 02:55:02 PM
 #5

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 ?
baazju
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
January 24, 2016, 03:57:17 PM
 #6

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.

Beware of scammers.
subcypher
Member
**
Offline Offline

Activity: 74
Merit: 10


View Profile WWW
January 24, 2016, 06:58:39 PM
 #7

You can find a neat list of Bitcoin denominations on BitcoinWiki.

Founder: Incorporating Bitcoin. Bitrated user: subcypher.
xinzark
Legendary
*
Offline Offline

Activity: 1120
Merit: 1001


View Profile
January 26, 2016, 01:42:43 AM
 #8

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  Tongue
relq
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250



View Profile
January 26, 2016, 03:34:06 AM
 #9

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
romero121
Legendary
*
Offline Offline

Activity: 3164
Merit: 1213


View Profile
January 26, 2016, 04:00:18 AM
 #10

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.
HarHarHar9965
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1000


View Profile
January 26, 2016, 08:10:52 PM
 #11

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.
elite3000
Legendary
*
Offline Offline

Activity: 1073
Merit: 1000


View Profile
January 26, 2016, 08:54:05 PM
 #12

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
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!