Topic: How much is uBTC? (Read 16038 times)

Are 0.00000.1 BTC

Once µBtc will be worth something, like mBTC today. But for now it is worth almost nothing, especially when transaction fee is 100 µBtc 

Not worth at all, 10 uBTC is tooooooo little. You might only get few sen after viewing tons of website and wasting few hours.

"not worth making a thread about"

this is good information about how sites pay you - thanks guys.

0.000001 BTC

That depends on how you use those sites. You could still transfer your funds  to peerbet or other sites and withdraw once its big enough. Those sites use cold storages and mixed wallets. Another way to use thise in a good way would be transferring it directly to a page where you can use it like btct.co was one. Once you got enough satoshis you buy shares for example or adspace. Just be creative!

you can check all units here

https://en.bitcoin.it/wiki/Units

 

I hate using µBtc, not worth.
Using mBtc is better, it have some value 

pepole still use uBtc? its a stupid way to count bitcoins dont use it.

You're missing a zero there -- it's 1,000 mBTC.

1BTC = 100 mBtc
1mBtc = 0.001 Btc
1µBtc i= 0.000001 Btc

This is really good advice.  However, with faucets what I've done is simply send it directly to the "end use" site, e.g. send the few thousand satoshi directly where I want them, peerbet, Mt Gox or whatever.  This has worked well. 

In addition, most of the good faucet sites, like dailybitcoins allows you to hold your accrued earnings until you want to cash them out.  Finally, some faucets are adding alternative payout options like inputs.io and others that allow off blockchain transactions and avoid this very real problem.

Regarding your original post, I've given up on u and m BTC and just think in satoshi now!  Good Luck!

These few paragraphs should appear on every post that asks about "free btc" sites for tasks. Way too many advertise "free btc" but pay in uBTC and, like he stated, hardly ever generate enough activity for a payout. It is the new "Earn money from your computer for doing nothing!" type ads that plagued our precious tubes since the late 90's. I dont understand why we can't just have our series of tubes without stupid interferences. This is why we cant have nice things.

Thats simply 1 million part of 1 bitcoin.

Thank you everyone for the great informative replies

^^ What he said.

I tried these sites religiously for a week. Got my wallet up to 0.01 BTC. Went to spend it, and couldn't, simply because it cost 0.0045BTC to spend. So sure, it MIGHT be worth it, if 50 cents is worth all of that time.

No!  Stay away!  You will regret this.

The bitcoin network will refuse to relay transactions that have a payment of less than 0.01 BTC unless you pay a transaction fee of at least 0.0001 BTC (that's 100 µBtc) per kilobyte.

Each of these tiny "dust" coins your are receiving will take up a bit less than 200 bytes in a transaction when you go to send bitcoins somewhere else later.

So lets say you are collecting 10 "free µBtc" for each visit to the website.  Lets say you visit the website 20 times.  You now have 200 µBtc, but if you try to send it anywhere, you'll end up with a transaction nearly 4 kilobytes in size.  You'll have to pay a fee of 400 µBtc just to send your 200 µBtc somewhere!  You'll spend all your µBtc on transaction fees and there won't be anything left to actually send!

These "free µBtc" websites prey on those who don't understand how bitcoin works.  They "pay" you with amounts they know you'll never be able to spend.  They know that having these tiny transactions in your wallet will force you to pay significant fees later when you go to use the coins.  They make money off your visit by charging advertisers for placing an add in front of your eyeballs, and then toss you a few shavings of copper off the edge of a penny.  They don't care that you will have a bad experience later, they've already milked you for all the profit they can by then.

We'll protect u from the metric system. We promise.

And this is why all these re-denominating ideas are stupid, at least until every Bitcoin user understands SI prefixes.  And even if you do understand them, it's annoying to look at the prefix and mentally move decimal places around.