Bitcoin is the most popular crypto on the market and with the highest price. Because of the enormous value of a single unit of Bitcoin, some users trade using fractions of this cryptocurrency.
With its price on the rise, users of this cryptocurrency have found it necessary to implement new terms to refer to smaller parts of a Bitcoin. Thus, this is how mBTC arises: “millibitcoin”, or one-thousandth of a Bitcoin —0.001 Bitcoin—.
How To Calculate mBTC to BTC
You can use our Bitcoin calculator to convert:
1. mBTC to BTC, Bits, Satoshi, EUR, JPY, GBP, USD
2. BTC to USD, JPY, EUR, GBP, mBTC, Satoshi, Bits
3. Satoshi to USD, EUR, GBP, JPY, Bits, mBTC, BTC
4. Bits to USD, GBP, JPY, EUR, mBTC, BTC, Satoshi
5. USD to BTC, EUR, JPY, Bits, GBP, mBTC, Satoshi
6. GBP to mBTC, Satoshi, JPY, EUR, USD, Satoshi, Bits
7. JPY to BTC, Bits, mBTC, Satoshi, USD, GBP, EUR
8. EUR to BTC, Satoshi, mBTC, Bits, JPY, GBP, USD
What is Satoshi
Satoshi is the smallest unit of Bitcoin. 1 Bitcoin equals 1 billion of satoshi
How to convert Bitcoin to Satoshi
It’s very simple. You can use our BTC calculator or calculate manually like this:
1 Bitcoin = 1,000,000,000 Satoshi
0.1 Bitcoin = 100,000,000 Satoshi
0.01 Bitcoin = 10,000,000 Satoshi
0.001 Bitcoin = 1,000,000 Satoshi
0.0001 Bitcoin = 100,000 Satoshi
0.00001 Bitcoin = 10,000 Satoshi
0.000001 Bitcoin = 1,000 Satoshi
0.0000001 Bitcoin = 100 Satoshi
0.00000001 Bitcoin = 10 Satoshi
What is Bit
Bits is the minimum unit of information In computer science and other disciplines, which can have only two values —zero or one—.
Likewise, there are a million bits in a single Bitcoin. To understand the relationship between a bit and a bitcoin, we must understand the following: 1 bit is the equivalent to μBTC —a microbitcoin: 0.000001 BTC—.
One Bit is also equivalent to 100 Satoshi —SAT—. Satoshi are the smallest expression of a BTC, with a value equivalent to 0.00000001 BTC. The Satoshi unit receives its name thanks to the creator of the Bitcoin protocol, and 100,000,000 SATs equals one BTC.
How To Calculate Bits to BTC
1 bit is equal to 0.000001 bitcoin, so converting an amount of bitcoin into pieces can be done by dividing the amount of bitcoin. Let's put as an example:
42.66 bitcoins ÷ .000001 = 42,660,000 bits
We can also analyze it in this way:
42,660,000 bits × .000001 = 42.66 bitcoins
So, to analyze the equivalent of bitcoins with 60 bits, it would be:
60 bits x 000001 = 0.00006 bitcoins
If 1 Bitcoin were worth $100,000, then a 4.99 beer would cost you 49.90 bits.
What Games Use mBTC, Bits, Satoshi?
Currently, Bitcoin Games like Crash gambling, some Video slots, Poker games on the blockchain are using mBTC. In Bustabit when you play, you see units in Bits. Other games are card games, jackpot slot, and live casinos.