I may give out
millibit tips to best comments so make sure to include a bitcoin address.
What follows is a bit of background on Bitcoin followed by a tutorial on setting up a Bitcoin wallet and getting your
first Millibit.
And remember, you don't have to invest in whole Bitcoins, even just a few bitcents or
millibits gets you in the game!
As we see the Bitcoin Price Climbing upward the possibility
of Millibit - To - Dollar parity is here in this current over $ 16 Billion Market Cap.
Correction: The original post read «MicroBitcoin» which has been corrected to «
MilliBit».
The app lists the value of the US Dollar not in Bitcoins but rather in
Millibits (Currently around 39 Millibits to a US Dollar).
Assuming that the value of Bitcoin remains relatively high, now may be the time to make the transition to tallying Bitcoin transactions in
both Millibits (mBTC) and Bitcoins.
For much of last year I was mining Bitcoin on a single Radeon 6850 which brought in somewhere between 30 - 60
Millibits -LRB-.030 — .060 BTC) per day.
Right now 500
millibit is worth around $ 300.
MilliBit is the second largest denomination of bitcoin at 1/1000 of an entire bitcoin.
With the current price right around $ 1,000 USD
a millibit seems to be a very popular option since 1 millibit is about $ 1.
If 1 Bitcoin is worth $ 1,000 then 1 mBTC is worth $ 1 because
a millibit is 1/1000 of an entire bitcoin.
For the price of one
millibit — or a thousandth of a bitcoin — you can buy 700 verge or 1,300 reddcoin.
One
MilliBit is equal to 0.001 Bitcoins.
For $ 14, you can own one
millibit — or 1,000 th of a bitcoin.