Definition of mBTC an uBTC

[wry]

Just use satoshi, so much easier. mBTC = 100K satoshi uBTC = 100 satoshi

[MyRig]

just use satoshi or 0.00000000 format

[zxcv731]

Here is your equation
 1 mBTC= 0.001BTC
 1 uBTC = 0.000001BTC

[Bobblehead Pete]

Here is your equation
 1 mBTC= 0.001BTC
 1 uBTC = 0.000001BTC

How about in Satoshis?

[Tammy Chan]

Here is your equation
 1 mBTC= 0.001BTC
 1 uBTC = 0.000001BTC

How about in Satoshis?

1 μBTC = 100 satoshi
1 mBTC = 100,000 satoshi
1 BTC = 100,000,000 satoshi

[oblivi]

We need a more marketeable way to assign value to BTC. These terms are EXTREMELY NERDY and will never pick up within the common folk. How can you seduce people talking about mBTC and uBTC? dollar sounds much cooler. We need to do Something about this.

[Grand_Voyageur]

We need a more marketeable way to assign value to BTC. These terms are EXTREMELY NERDY and will never pick up within the common folk. How can you seduce people talking about mBTC and uBTC? dollar sounds much cooler. We need to do Something about this.

Using an international recognied unit of measure is nerdy? So even children in school are nerds cause they says to their friends the mom give them to eat a sandwich with ham of 1 hectogram (0,1kg)? Just go back to school to learn basics of life (International System of Units - SI).

[Buziss]

We need a more marketeable way to assign value to BTC. These terms are EXTREMELY NERDY and will never pick up within the common folk. How can you seduce people talking about mBTC and uBTC? dollar sounds much cooler. We need to do Something about this.

Businesses are starting to use just two units:

1. The Bitcoin.
2. The Bit, which is the same as a micro-bitcoin (uBTC).

When a price is expressed in Bits, it's easy to represent satoshis. For example, 0.15 bits is 15 Satoshis.

http://www.coindesk.com/coinbase-announces-pricing-bits-bitcoin-buyback-option/

Frankly speaking, I still don't quite understand the benefit of creating the new "bit" unit.
Why don't the businesses just use "bitcoin" and "satoshi", which exist already and are both very well-known even to the general public?

[bitsalame]

There is no need to create confusion by messing with new units.

[philipjfry]

I do have a proposal to make for 0.0001 BTC (10^-4 BTC = 10^4 Satoshi)

note that this unit is at exact middle in the scale from satoshi to bitcoin. The first idea that I got is to use the very common unit in ancient Greek myriad that means ten thousand. So it is the exact right meaning regardless if we mean it in relative to satoshi or bitcoin. Of course the problem is that as far as i know there is no standard symbol I thought which letter can be used. Clearly not m. So I thought about r. This gave me the idea:

0.0001 Bitcoin = 10000 satoshi = 1 rabit.

[Assad]

I do have a proposal to make for 0.0001 BTC (10^-4 BTC = 10^4 Satoshi)

note that this unit is at exact middle in the scale from satoshi to bitcoin. The first idea that I got is to use the very common unit in ancient Greek myriad that means ten thousand. So it is the exact right meaning regardless if we mean it in relative to satoshi or bitcoin. Of course the problem is that as far as i know there is no standard symbol I thought which letter can be used. Clearly not m. So I thought about r. This gave me the idea:

0.0001 Bitcoin = 10000 satoshi = 1 rabit.

you can call it one tx fee.

[philipjfry]

you can call it one tx fee.

tx fee was also one of my motivations to name the rabit. On the other hand tx fee may change through time but rabit will remain constant as 0.0001 btc

[alamanjani]

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

Do you have any more info about this.
Do you mind telling us a little bit more about it :-)

[samuel999]

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)

So uBTC is 100 Satoshi.  Well when price was $800 + i had know what they were, now it seems with the lower price and some of the momentum taken away i didn't remember till I saw this, the numbers.

[fildza]

I do have a proposal to make for 0.0001 BTC (10^-4 BTC = 10^4 Satoshi)

note that this unit is at exact middle in the scale from satoshi to bitcoin. The first idea that I got is to use the very common unit in ancient Greek myriad that means ten thousand. So it is the exact right meaning regardless if we mean it in relative to satoshi or bitcoin. Of course the problem is that as far as i know there is no standard symbol I thought which letter can be used. Clearly not m. So I thought about r. This gave me the idea:

0.0001 Bitcoin = 10000 satoshi = 1 rabit.

you can call it one tx fee.

tx fee not always 0.0001btc. That depend on the weight of your btc send

[BitcoinFreak12]

just use satoshi or 0.00000000 format

Yes I agree Satoshi and Bitcoin is the only format you need.

1 Satoshi = 0.00000001 BTC
1 BTC = 100,000,000 Satoshi

uBTC, mBTC and other stuff is really complicated and crappy I mean seriously...

[silvestar]

I do have a proposal to make for 0.0001 BTC (10^-4 BTC = 10^4 Satoshi)

note that this unit is at exact middle in the scale from satoshi to bitcoin. The first idea that I got is to use the very common unit in ancient Greek myriad that means ten thousand. So it is the exact right meaning regardless if we mean it in relative to satoshi or bitcoin. Of course the problem is that as far as i know there is no standard symbol I thought which letter can be used. Clearly not m. So I thought about r. This gave me the idea:

0.0001 Bitcoin = 10000 satoshi = 1 rabit.

you can call it one tx fee.

tx fee not always 0.0001btc. That depend on the weight of your btc send

Not only that the transaction fee depends on your transaction size, the standard per KB transaction has been changed multiple times in the past.
In the coming 0.10 bitcoin core, it will use a new system to estimate the fee required to get your transaction confirmed in N blocks.

[Herbert2020]

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

it is simple math "m" represents mili which is 10^-3 or e-3
ant "u" represents micro which is 10^-6 or e-6
you can find this at http://en.bitcoin.it/wiki/Units too

[fildza]

I think already many people explained and OP not come back. So, how about report to mod for lock this thread

[Grand_Voyageur]

I think already many people explained and OP not come back. So, how about report to mod for lock this thread

+1. OP was last active on August 14, 2012 at 03:57:52 PM. So, probably he/she opted to re-enroll in Primary School to learn back Math (SI abbreviation in particular); so, while we wait OP to finish educate his/herself, It would be fair to have a Moderator lock this thread for good.