Definition of mBTC an uBTC - page 3.

kuusj98

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I <3 VW Beetles

Quote from: AceWallen on May 25, 2014, 09:02:15 PM

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! Wink

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%

Faince1985

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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.

AceWallen

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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! Wink

Authentic

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1FRpXqj6kedknh5uNpdo8FS3U49XJPJJy1

mBTC=0.001 BTC
uBTC=0.000001 BTC

icelas

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1uBTC=0.000001 BTC

raspcoin

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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.

theomoplatapus

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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.

stromma44

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Quote from: temporalcausality on April 24, 2013, 03:55:14 PM

Quote from: ralree on August 06, 2012, 07:22:36 PM

Quote from: Gabi on August 06, 2012, 02:41:59 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

Wink

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

umershaikh

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Quote from: Stephen Gornick on August 07, 2012, 04:03:03 PM

Quote from: miner96 on August 07, 2012, 01:27:02 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/Units

Thanks for explain

MartinReynolds

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

lemmingtart

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

temporalcausality

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Quote from: ralree on August 06, 2012, 07:22:36 PM

Quote from: Gabi on August 06, 2012, 02:41:59 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

Wink

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)

Bungeegum

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How can one "hate" math Huh

You need it for everything.

elebit

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Quote from: Stephen Gornick on August 07, 2012, 04:03:03 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.

Gabi

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If you want to walk on water, get out of the boat

Lol at bongbitcoin

percentcer

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It's just standard SI prefixes applied to Bitcoin:

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

DRLST

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Thanks for the clarification.

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

Stephen Gornick

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Quote from: miner96 on August 07, 2012, 01:27:02 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/Units

miner96

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Math...I hate that shit -__-

ralree

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Manateeeeeeees

Quote from: Gabi on August 06, 2012, 02:41:59 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

Wink

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