Spade (OP)
Newbie
Offline
Activity: 3
Merit: 0
|
|
August 06, 2012, 05:47:59 PM |
|
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
|
|
|
|
Gabi
Legendary
Offline
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
|
|
August 06, 2012, 06:41:59 PM |
|
Yes milliBTC and microBTC
1uBTC=0.000001 BTC (one millionth of a bitcoin)
|
|
|
|
ralree
|
|
August 06, 2012, 11:22:36 PM |
|
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
|
1MANaTeEZoH4YkgMYz61E5y4s9BYhAuUjG
|
|
|
miner96
Newbie
Offline
Activity: 30
Merit: 0
|
|
August 07, 2012, 05:27:02 AM |
|
Math...I hate that shit -__-
|
|
|
|
Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
|
|
August 07, 2012, 08:03:03 PM |
|
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
|
|
|
|
DRLST
Newbie
Offline
Activity: 3
Merit: 0
|
|
April 24, 2013, 06:34:16 PM |
|
Thanks for the clarification.
It's no math. It's a new value with new subvalues. It's logic.
|
|
|
|
|
Gabi
Legendary
Offline
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
|
|
April 24, 2013, 07:28:15 PM |
|
Lol at bongbitcoin
|
|
|
|
elebit
|
|
April 24, 2013, 07:46:20 PM |
|
But when someone says they earn $30K, you probably aren't needing math.
Hopefully they get their prefixes right and say they earn $30k.
|
|
|
|
Bungeegum
Newbie
Offline
Activity: 11
Merit: 0
|
|
April 24, 2013, 07:54:21 PM |
|
How can one "hate" math You need it for everything.
|
|
|
|
temporalcausality
Newbie
Offline
Activity: 23
Merit: 0
|
|
April 24, 2013, 07:55:14 PM |
|
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 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)
|
|
|
|
lemmingtart
Newbie
Offline
Activity: 9
Merit: 0
|
|
May 06, 2013, 03:57:33 PM |
|
There is new change coming and the lowest denomination wont be usable for transactions anymore.
|
|
|
|
MartinReynolds
Newbie
Offline
Activity: 14
Merit: 0
|
|
May 06, 2013, 03:58:47 PM |
|
Won't be long till a Satoshi is worth a huge chunk of change haha.
|
|
|
|
umershaikh
Newbie
Offline
Activity: 11
Merit: 0
|
|
December 14, 2013, 08:22:57 AM |
|
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/UnitsThanks for explain
|
|
|
|
stromma44
|
|
December 14, 2013, 08:38:53 AM |
|
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 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) Unortunatelly 1 satoshi == 10E-8 1 nBTC cannot exist, 1 satoshi is 10 nBTC
|
|
|
|
theomoplatapus
|
|
December 14, 2013, 10:25:15 AM |
|
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.
|
#Bitcoin
|
|
|
raspcoin
|
|
December 14, 2013, 12:01:58 PM |
|
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.
|
|
|
|
icelas
Newbie
Offline
Activity: 14
Merit: 0
|
|
December 14, 2013, 12:53:46 PM |
|
1uBTC=0.000001 BTC
|
|
|
|
Authentic
Member
Offline
Activity: 112
Merit: 10
1FRpXqj6kedknh5uNpdo8FS3U49XJPJJy1
|
|
December 14, 2013, 12:56:18 PM |
|
mBTC=0.001 BTC uBTC=0.000001 BTC
|
|
|
|
AceWallen
|
|
May 26, 2014, 01:02:15 AM |
|
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!
|
|
|
|
|