Definition of mBTC an uBTC

[Spade]

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

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[Gabi]

Yes milliBTC and microBTC

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

[ralree]

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

 

[miner96]

Math...I hate that shit -__-

[Stephen Gornick]

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]

Thanks for the clarification.

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

[percentcer]

It's just standard SI prefixes applied to Bitcoin:

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

[Gabi]

Lol at bongbitcoin

[elebit]

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]

How can one "hate" math 

You need it for everything.

[temporalcausality]

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]

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

[MartinReynolds]

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

[umershaikh]

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 explain

[stromma44]

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]

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.

[raspcoin]

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]

1uBTC=0.000001 BTC

[Authentic]

mBTC=0.001 BTC
uBTC=0.000001 BTC

[AceWallen]

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!