Cryptocurrency Q&A
How much is 6 bits in money?
How much is 6 bits in money?
ethan_thompson_psychologist
Mon Dec 23 2024
|
5 answers
702
I'm trying to understand how much money 6 bits represent. I've heard people use the term 'bits' in reference to money, but I'm not sure how to convert it to a standard monetary value.
5 answers
Lorenzo
Wed Dec 25 2024
Moving up to one dollar, this value can be denoted as eight bits.
Was this helpful?
40
73
Chiara
Wed Dec 25 2024
A "bit" is a unit of currency that is equivalent to 12.5 cents.
Was this helpful?
249
98
SilenceStorm
Wed Dec 25 2024
In the context of this unit, a quarter, which is worth 25 cents, can be referred to as two bits.
Was this helpful?
123
74
Michele
Wed Dec 25 2024
Similarly, fifty cents, which is half a dollar, can be expressed as four bits.
Was this helpful?
197
21
CryptoWizardry
Wed Dec 25 2024
When it comes to seventy-five cents, even though there is no 75-cent coin in the U.S., people still use the term "six bits" to describe this amount.
Was this helpful?
93
71
