Definition of mBTC an uBTC

[Faince1985]

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.

[kuusj98]

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!

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%

[iglasses]

How can one "hate" math 

You need it for everything.

You even need it to hate math!

headasplode.gif

[DannyHamilton]

How can one "hate" math 

You need it for everything.

You even need it to hate math!

headasplode.gif

Useless necro bump.

Was this really necessary?

[Damnyo]

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

[Lauda]

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

[shipleyb61]

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

[Lamigo]

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

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.

[Majik.Crypto]

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

[shanem]

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

[Pkofet]

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

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-

[Grand_Voyageur]

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

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

As LaudaM & 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 already told you don't be lazy & spend some time learning about SI prefixs, mBTC, μBTC and educating yourself.
It's no too hard!  

[cock-a-doodle]

How can one "hate" math 

You need it for everything.

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

[Ayers]

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)

[Testing123]

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.

[bitsalame]

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

[Ayers]

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.

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)

[Kakmakr]

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. 

[caaarly]

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.

[Soappa]

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. 

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.