Selasa, 19 Januari 2016

Satoshi Value and Price

What is Satoshi?
A satoshi is currently the smallest fraction of a Bitcoin. The unit has been named "satoshi" in collective homage to the founder Bitcoin, Satoshi Nakamoto. Satoshi are to Bitcoin like Pennies are to Dollars - just smaller.

Predefined Values:
1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.0000001 ฿
100 Satoshi = 0.000001 ฿
1,000 Satoshi = 0.00001 ฿
10,000 Satoshi = 0.0001 ฿
100,000 Satoshi = 0.001 ฿
10,0000,000 Satoshi = 1 ฿

How to Convert Satoshi to Bitcoin
The maddening thing that has everyone confuse and not completely buying into this new cryptocurrency is the conversion system. There is no easy way of explaining the conversion system and if you are not very crafty with your math skills, it may be difficult to complete the conversion; especially converting Satoshi to bitcoin. To get the best understanding of converting Satoshi to Bitcoin, it may be easier to use an online converter system. For instance, 0.00018 BTC (bitcoins) =0.18mBTC (millibits) =180uBTC (microbits) =18000 Satoshi. The other factor is that the daily price of Bitcoins can vary. Using the numbers above, the value in U.S. dollars would 0.06. That is six cents in U.S. currency. 

So converting Satoshi to Bitcoin really comes down to knowing how many places to move the decimal point when converting from one unit to another unit. If that is not good for you then there are always converter calculators online that you can enter a specific unit in such as Satoshi and easily have the system automatically convert that unit into Bitcoin for example. In the future there probally will be other units that are derived, but for now Satoshi is the smallest fraction of the Bitcoin that can be currently sent. Check out our bitcoin converter calculator to see how much a single bitcoin is going for in dollar today!

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