I have been trying to find out just what is an mBTC is. Everywhere I look I cannot find out what the value is compared to a Bitcoin.
I was hoping you could advise me of what the value is.
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2I'd have thought that we have that question already, but we actually don't have it yet! Nice find. ;) These are somewhat related: What is a 'Satoshi'?, Naming convention: MilliBit or Millibitcoins (mBTC), microbitcoin or Mikrobitcoins (μBTC)?– Murch ♦Commented May 24, 2015 at 12:17
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4 Answers
m is the symbol for the metric prefix milli which indicates a unit to be one thousandth of its base unit.
A millibitcoin therefore is 0.001 BTC or 1/1000 BTC.
mBTC stands for milliBTC. Just like millimeter or millivolt, milli indicates 1/1000th in the metric system.
mBTC is also know as millibitcoin and it also one thousandth of a BTC (1 mBTC = 0.001 BTC) and there is another unit μBTC also known as microbitcoin and it is also one millionth of a BTC.
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I've edited this answer because it contained grammar errors that made it somewhat confusing. However, in my opinion this answer doesn't add new content, rather it repeats previous answers.– Murch ♦Commented Sep 17, 2017 at 6:44
A millibitcoin is 0.001 BTC. But an easier way to remember is one satoshi is one hundred millionth of a bit coin.
Ten Satoshi = one Ith I
one hundred Satoshi = one Hish H
one thousand Satoshi = one Shi S
ten thousand Satoshi = one Oth O
one hundred thousand Satoshi = one Tish T
one million Satoshi = one Ash A
ten million Satoshi = one Sha S
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2Are these standard units? What is the source for this? Commented Aug 30, 2017 at 21:59