Anything smaller than a satoshi in BTC? - page 2.

virusasog

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Quote from: Carlsen on October 15, 2016, 01:16:47 PM

In bitcoin there is nothing smaller than one satoshi.
Maybe an altcoin can be devided up into smaller fractions worth less than one stoshi, but I do not know that.
In general I see no point in transactions which are so low.

Satoshi is the least value to in bitcoin tree value. However we cannot able send the satoshi value to anyone. If you want to earn satoshi, that you can earn from the any faucet site itself. Try on it.

Bitcoinsummoner

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Quote from: Aamir1 on October 15, 2016, 12:26:21 PM

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

Not at all, satoshi is the smallest unit of a bitcoin which cannot be further divided into other units and someone can only receive 1 satoshi minimum as a payout from a faucet or something.

Yeah i never heard any name below satoshi and this is i think the smallest the second is ubtc 3rd mbtc. until 1 btc.. but there is other terms for those name .If you want to know more about better to check this wiki for more info about bitcoin or satoshi here https://en.bitcoin.it/wiki/Units

Carlsen

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In bitcoin there is nothing smaller than one satoshi.
Maybe an altcoin can be devided up into smaller fractions worth less than one stoshi, but I do not know that.
In general I see no point in transactions which are so low.

Aamir1

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Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

Not at all, satoshi is the smallest unit of a bitcoin which cannot be further divided into other units and someone can only receive 1 satoshi minimum as a payout from a faucet or something.

sabbirshm

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No, in my knowledge I don't know anything smaller than satoshi.Its the smallest in BTC.and in my wallet I can send minimum 1000satoshi.So, it's quite clear that nothing is less than satoshi. I think you got your answer properly.

Chin Cheng

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Quote from: Kevin77 on October 12, 2016, 11:45:50 PM

Currently there is no provision in any wallet to split one satoshi, so we will not be able to transact less than a satoshi.

Interestingly, you will be able to transact 1 satoshi by paying minimal optimum network fees ( currently ~35000 satoshi). It means you need to spend 35001 satoshi and your payee will receive 1 satoshi. Tongue

Any transaction value below tx fees are termed 'dust transactions' which are not recommended to trade.

the transaction fees of 35000 satoshi is too much,i thought the transaction fees are nominal and i remember i used to transfer funds with fees of 5000 satoshi,i never knew about this big change in the bitcoin world since i was away for some time,if transaction keeps increasing it would be hard for anyone new to bitcoin to fully enjoy the tech behind it as they seem to find it expensive if they are moving some funds

Rostadom

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I don't think so. In the Bitcoin wallet that I am using, the minimum amount that you can send is around 7000 satoshi. I am not sure why would you be sending this little amount of BTC knowing the fact that only 1 dollar is thousands of satoshis already. I think people don't care about any amount of BTC that is near 5000 satoshi, let alone an amount less than a satoshi.

dunfida

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Quote from: Visin on October 14, 2016, 05:48:23 AM

No, there isn't anything smaller than 1 Satoshi in BTC.

If you use a Alt-coin like Litecoin then you could have fractions of Bitcoin smaller than 1 Satoshi in BTC. They are called Litoshi.

Agree with you but we are talking here in bitcoin since OP mentioned bitcoin but still a good example though it really depends on a cryptocurrency on which have these kind of terms on their smallest fraction. Satoshi is the smallest fraction on bitcoin and theres no other than that.

Visin

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No, there isn't anything smaller than 1 Satoshi in BTC.

If you use a Alt-coin like Litecoin then you could have fractions of Bitcoin smaller than 1 Satoshi in BTC. They are called Litoshi.

Zadicar

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All of members here are saying the same thing which is true, satoshi is the smallest fraction of bitcoin and theres no other smaller from that. Why you ask this question though? Try to use google sometimes because its not necessary to ask which you could really search it with ease. No offense to OP.

rik3

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Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

No Bro Nothing Is Smaller than the Smallest Unit Of Fraction Of Bitcoin and We Cant Send A Fraction Of Bitcoin to Somebody Else....
And the Minimum Amount To Transfer is 0.0001 Btc ......

mindrust

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I don't know why would someone need such thing but If you want to send/receive less than a satoshi, use altcoins instead. There are plenty of shit coins out there which worth less than a satoshi.

hakanbalta577

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Its not possible to send a fraction of satoshi,its not even possible to send one whole satoshi in a transaction so a fraction of satoshi is far away from that and there is no need for that because 1 satoshi itself a very very small value when calculated in USD so having fraction of it does not make any sense.

xht

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Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

satoshi is the smallest fragments in bitcoin and for now the smallest nominal you may receive or pay with bitcoin is 20k satoshi if you do not want to lost by the transaction fee.

DannyHamilton

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Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

In off-chain systems, you can split the satoshi into as many pieces as you like.

For instance, if Coinbase wanted to, they could implement a system that would allow Coinbase users to pay other Coinbase users smaller increments than a Satoshi and it wouldn't require any changes to the current Bitcoin system at all.

Additionally, multiple off-chain systems could cooperate if they want to.

For instance, Coinbase and BitPay could have an agreement between them that they would allow their users to make payments using smaller increments than a Satoshi between the two systems. Coinbase and BitPay could then just add up all the small increments from all the users and use the Bitcoin blockchain to settle up the transfers when the sum of the amounts are greater than a Satoshi.

However, it is currently impossible to send amounts less than a satoshi on the bitcoin blockchain. Allowing that would require a change to the bitcoin protocol and software.

I'm not certain, but I think that the new Side Chain concept that SegWit is supposed to make possible might allow for amounts smaller than a satoshi?

ObscureBean

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Quote from: gamerfan on October 13, 2016, 02:10:55 AM

I think when Bitcoin will reach a value of, just saying, above 500k $, it will be necessary to implement another basic unit to pay for cheap items Wink

What do you think about it?

Of course, if the price reaches a point where 1 satoshi is equivalent to $150 or even $10, the current system will need to be updated but that's unlikely to happen in the foreseeable future. But I'm pretty sure they've already thought of a way to circumvent this limitation, just in case. Can you imagine though, if 1 satoshi is worth just $1, 1 whole Bitcoin is $100,000,000. And I would be a multi-millionaire (close to being a billionaire) Shocked

Fingers crossed Roll Eyes

xIIImaL

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Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

Nope satoshi is the smallest unit in bitcoin value hierarchy. Satoshi is least unit n bitcoin so try to earn btc as priority then you can go with mbtc or satoshis.

gamerfan

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I think when Bitcoin will reach a value of, just saying, above 500k $, it will be necessary to implement another basic unit to pay for cheap items Wink

What do you think about it?

vino.gcs

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Satoshi is the basic unit of Bitcoin. Basic Unit of measurement can be defined as something which can not be split further.

stiffbud

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additionaly you can't send even a satoshi because you will have to send it with a fee which is 5000 satoshi already.

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