Jump to: , Most commonly, units of bitcoin are expressed in decimal exponents such as BTC ("bitcoins"), mBTC ("millibitcoins") and μBTC ("bits").Contents 1 2 3 4 The BTC unit was chosen to represent a value of 108 so as to give sub-unit precision rather than large whole numbers.Mirroring the standard Le Système International d'Unités, this allows for divisions of 1/10th (deci-bitcoins, dBTC), 1/100th (centi-bitcoins, cBTC), 1/1 000th (milli-bitcoins, mBTC), and 1/1 000 000 (micro-bitcoins, μBTC).Many have adopted the practice of referring to the micro-bitcoin metric sub-unit as "bits".This table is intended to include all well-defined units of bitcoin value, including less common and niche units.bits, mbtc, satoshis, btc, usd calculator tool Find out the current Bitcoin unit value with easy-to-use converter.Please enter an amount to convert.Prices come from Bitcoin AverageAny form of money needs to be easily broken down into sub-units to allow an equal exchange for goods or services.

And bitcoin is wonderfully divisible, with its smallest unit being the tiny 0.00000001 of a bitcoin – a unit known as a 'satoshi'.However, such divisibility does come with one disadvantage.The Bitcoin Wiki, a source of BTC-related knowledge, has a lengthy chart spelling out the large number of different bitcoin sub-units: including mBTC, μBTC and cBTC, and many more.But do you know what they stand for?Thankfully, there may be a better solution.A proposal floated on reddit has called for bitcoin to be broken down into just one smaller unit.That would mean that a single bitcoin would be divided into 1,000,000 individual units – or 'bits'.So, one bit would be worth 0.000001 BTC, which at recent prices would roughly amount to $.0004.One hundred bits would be $.04.This division of a bitcoin may seem infinitesimal now, but, given that the price of bitcoin is up about four times what it was just a year ago, and may one day be worth thousands of dollars, it makes sense.Right now, breaking down bitcoin below the very understandable price-per-coin concept isn't easy to understand.

From memory, is it easy to recall what a μBTC (microbitcoin) is?Or that a mBTC (millibitcoin) is 0.001 of a bitcoin?Do we really need a bunch of different hard-to-remember names and acronyms?There is a logic within the system, but such scientific nomenclature is anything but user-friendly.Bitcoin is digital, so computers can divide it very simply, but it's not so easy for the average human brain, especially when looking at the smaller units, therefore a simpler system may be needed to help take bitcoin into the mainstream.Travis Skweres, the CEO of cryptocurrency exchange CoinMKT, said: "Bitcoin is capped.Which means it needs to be chopped up into bits.[And] we need to make it easy to understand how much each of those bits are worth."People roughly have a better idea of what they are getting in terms of dogecoin because it isn't worth nearly as much as bitcoin.One thousand DOGE has a value of around $0.60.It fluctuates here and there, but 1,000 is a rounded number that most can relate to.

That's one reason why dogecoin is now increasingly popular in transactions, especially in tipping.bitcoin per klickBitcoin seems to continue to have a marketing problem.bitcoin börse deutschlandThe logo for bitcoin is another example of where important, final decisions have yet to be made, resulting in more confusing concepts about how bitcoin should be visually represented.bitcoin direct llcSkweres, who concedes that bitcoin isn't quite ready for the mainstream, believes that these sorts of issues need to be addressed so that the average person doesn't become overly confused: "It's all about marketing, how can you make it as easy as possible for the general public to understand?"bitcoin litecoin peercoin dogecoin

No one knows how high (or low) bitcoin's price will be in the future.Because of this, careful considerations must be put in place to make sure that the bit – or whatever the community decides a bitcoin's unit of account should be – is neither too large nor too small.bitcoin price data excelThe wavering value of bitcoin might be why there hasn't been a consensus decision yet.setup bitcoin mining poolHowever, the rise of venture capital investment in bitcoin, and especially in consumer-oriented BTC companies, means that leaders in the space need to make a decision on proper units of account for bitcoin soon.ethereum money raisedThis would avoid baffling potential customers with different terminology based on the whims of individual companies calculating bitcoin values for users.bitcoin london conference 2013

Dan Held, the Director of Product at Blockchain, agrees with the bit concept, but that caution should be exercised when making a final decision on the subject of bitcoin's units below the level of 1 BTC: "We should have a maximum of one sub-unit for bitcoin.bitcoin miner hub[But] the size of sub-unit should be chosen carefully as that one sub-unit will need to have lasting understandable value."This is the absolute best Bitcoin converter for any Bitcoin conversion, like BTC to USD.Bitcoin units include BTC, mBTC, bits, and Satoshis.Fiat currencies include USD (US Dollars), CAD (Canadian Dollars), EUR (Euro), GBP (Great Britain Pounds), and AUD (Australian Dollars).The available altcoins are LTC (Litecoin) and ETH (Ethereum).Convert from BTCmBTCbits/μBTCSatoshisUSDCADEURGBPAUDZARNGNLitecoinEthereumConvert to BTCmBTCbits/μBTCSatoshisUSDCADEURGBPAUDZARNGNLitecoinEthereumConvert!Show Altcoins & More CurrenciesUse our BRAND NEW Android app to perform Bitcoin conversions on the go!

Please let me know if you want me to add a feature or if you have any ideas for how I can improve this Bitcoin converter.The Bitcoin Converter Began with BTC and mBTCI noticed that several people found my original Bitcoin Converter when searching for a way to convert from mBTC to BTC and BTC to USD.While this is an extremely simple Bitcoin conversion, I figured I’d create this BTC converter just in case someone really wanted it.So, here it is, my BTC and mBTC (and now, bits and Satoshis and USD and EUR and GBP) converter.We use the BitcoinAverage Price Index for every USD, CAD, EUR, and GBP conversion.Let me know if you have any questions or suggestions for improving the Bitcoin converter.New Bitcoin Unit: BitsWe recently added support for any Bitcoin conversion to or from bits!Bits are one millionth of one Bitcoin or one thousandth of one mBTC.A bit is the same thing as a μBTC or a microbitcoin.Enjoy!New Currency (9/2/14): USDYou can now convert to and from US dollars with the BTC converter (in addition to Bitcoin, mBTC, and bits).

This is perfect for the conversion that everyone needs: BTC to USD.The exchange rate is from Bitcoin Average.This Bitcoin converter just keeps getting better!New Bitcoin Unit (10/1/14): SatoshiWe’ve added the Satoshi to the Bitcoin calculator.The Satoshi is currently the smallest unit of Bitcoin available.There are 100 million of them in one full Bitcoin.All other units (mBTC, bits, USD) are still available, so there are tons of Bitcoin conversion pairs to choose from.Want to convert from the Satoshi to USD?This Bitcoin converter is now extremely versatile.New Currency (3/4/15): EURWe recently added support for the Euro!Now you can use this calculator to do Bitcoin conversions like BTC to EUR and EUR to BTC.You could even convert something like EUR to USD and see what the rate looks like using Bitcoin as the base currency!New Altcoins (2/7/16): ETH and LTCThe Bitcoin converter is now an altcoin converter as well!We’ve added support for some of the most popular alternative cryptocurrencies, Ethereum and Litecoin.