[ad_1]
The following page supplies a simple conversion tool from Satoshis (the smallest unit of account in Bitcoin equalling 0.00000001 Bitcoins) to USD / EUR / CNY / GBP / RUB / CAD. It is updated live as soon as you enter the value of Satoshis you require.
Choose currency
= Satoshi = BTC
BTC เธฟ1 =
Refresh โป โ occurs every 100 seconds
Bitcoin Units
| = 0.00000001 เธฟ | ย | |
| = 0.00000010 เธฟ | ย | |
| = 0.00000100 เธฟ | = 1 Bit / ฮผBTC (you-bit) / bit / microbitcoinย | |
| = 0.00001000 เธฟ | ย | |
| = 0.00010000 เธฟ | ย | |
| = 0.00100000 เธฟ | = 1 mBTC (em0bit) / millibitcoin | |
| = 0.01000000 เธฟ | = 1 cBTC (bitcent) | |
| = 0.10000000 เธฟ | ย | |
| = 1.00000000 เธฟ | = 1 Bitcoin |
See the Bitcoin Wiki for a full list of units. Rates supplied by BitcoinAverage
How Many Bits are in a Bitcoin?
There are 1 million bits in 1 bitcoin.
1 bit = 1 microbitcoin = 1 ฮผBTC = 0.000001 bitcoin (BTC)
The term โbitโ is a unit being used to represent smaller Bitcoin amounts. Due to the rising value of 1 bitcoin (currently 1 BTC = $46,383), many prices must be displayed in fractional bitcoin amounts.
For example, a bottle of beer might be priced at .00085 BTC. These fractional numeric values can be confusing and difficult for many people to read. The bit sub-unit (equal to 0.000001 BTC) is considered by many to be a more memorable and intuitive way of displaying Bitcoin amounts; the aforementioned beer would cost 850 bits.
Originally proposed on Bitcoin the sub-reddit, and now being embraced by the payment processor Bitpay, the bit sub-unit offers the following advantages:
- More compatible with existing financial software that can only handle 2 decimal places. For example: using a figures like 49.99 bits instead of .00004999 bitcoins.
- Figures would remain easily readable in the event of an extreme rise in Bitcoinโs exchange rate: if 1 Bitcoin was worth $100,000, then a $4.99 beer would cost 49.90 bits.
- Bit is an easier to remember unit when compared to other longer unit names and acronyms: 100 bits instead of 100 microbitcoins/100 ฮผBTC/1 millibitcoin/1 mBTC).
However, there are some disadvantages to the bits nomenclature:
- Can be confused with the binary unit โbitโ in computing, or the old-fashioned US currency unit of โbitโ, which is 12.5 cents.
- Unit prefix terms such as micro-, milli-, and centi- are more familiar to those who use the metric measurement system (i.e. everyone except Americans).
How to Convert Bitcoins to Bits
1 bit is equal to 0.000001 bitcoin. So converting a bitcoin amount to bits can be done by dividing the bitcoin amount by .000001. For instance:
42.66 bitcoins รท .000001 = 42,660,000 bits
To go from bits back to bitcoins, multiply the bits amount by .000001:
42,660,000 bits ร .000001 = 42.66 bitcoins
How to Convert a National Currency Price to a Bits Price
To convert national currency to the bits unit, you first need to know the exchange rate. In this example, weโll use the current BTC/USD exchange rate of 1 bitcoin being worth around $7500 USD. Multiply $7500 by .000001 to determine how 1 bit is worth:
$7500 ร .000001 = $.0075
So 1 bit is worth $.0075. What if we wanted to convert a price like $9.99 to bits? Just divide the price by the current bits exchange rate:
$9.99 / $.0075 = 1,332 bits
We hate spam as much as you do. You can unsubscribe with one click.
[ad_2]
Source link
Leave a Reply