Post
Topic
Board Service Discussion
Re: Bits vs. Satoshi
by
Coef
on 15/03/2015, 23:00:53 UTC
Hi guys,

Thanks for this.

So when I say bits, I mean bits, not a bit coin.

So when a site says I'm making bits & not satoshis, I should concentrate on those more than the satoshis sites?

B/c 60.00 bits is only one penny, so WTH is 60 satoshis? 1/2 a penny? LOL

The bitcoin price is ~$280 at this moment, so 60 satoshis (0.00000060 btc) is just worth 0.0168 cents ($0.000168)
That's why it is a very bad idea to waste your time on faucets collecting tiny amount of money.